MIRA INFORM REPORT

Report Date :

24.02.2011

IDENTIFICATION DETAILS

Name :	WEELEX TRADING COMPANY

Registered Office :	c/o Jumpstart Business Centre, Room 2512, 25/F., Langham Place, Office Tower, 8 Argyle Street, Mongkok, Kowloon

Country :	Hong Kong

Date of Incorporation :	03.05.2010

Com. Reg. No.:	52189280-000-05

Legal Form :	Sole Proprietorship

Line of Business :	Diamond and Precious Stone Trader

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
----	NB	New Company	----

Status :	New Company

Payment Behaviour :	Unknown

Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 30, 2010

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

Hong Kong

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name

WEELEX TRADING COMPANY

Company ADDRESS

Registered Office:-c/o Jumpstart Business Centre

Room 2512, 25/F., Langham Place, Office Tower, 8 Argyle Street, Mongkok, Kowloon, Hong Kong.

BUSINESS REGISTRATION NUMBER

52189280-000-05

ESTABLISHMENT

3rd May, 2010.

SOLE PROPRIETOR

Name : Mr. Kirtikumar Dahyabhai ITALIYA

Residential Address :64/39 - Thanon Pan, Silom Road, Khet Bangrak, Bangkok, Thailand 10500.

GENERAL

Weelex Trading Company was established on 3rd May, 2010 as a sole proprietorship under the Hong Kong Companies Ordinance. The manager of the subject Mr. Kirtikumar Dahyabhai Italiya is an India passport holder. Currently he is residing in Bangkok, Thailand. Being the Manager of the subject, Italiya does not have the right to reside in Hong Kong permanently.

The subject does not have its own operating office. Its registered office is in a business centre located at Room 2512, 25/F., Langham Place, Office Tower, 8 Argyle Street, Mongkok, Kowloon, Hong Kong known as Jumpstart Business Centre which is handling its correspondences and documents.

The subject has no employees in Hong Kong. Its lines of business are unknown since the business centre declined to divulge any information about it. The manager of the subject cannot be reached as he is in Thailand.

It is likely that the subject is a diamond and precious stone trader. Polished and cut diamonds are sourced from India and exported to Thailand.

It is likely that the subject has got an affiliated company in Thailand which is also operated by Italiya. However, details are unknown.

The Thailand firm deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong. The Thailand firm also exports commodities to foreign markets under the name of the subject and its registered address in Hong Kong.

The subject’s business in Hong Kong is not very active. History in Hong Kong is just over nine months.

On the whole, since the subject does not have its own operating office, history is short and has no employees in Hong Kong, consider it good for business engagements on secured basis.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.20
UK Pound	1	Rs.73.16
Euro	1	Rs.61.88

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
----	NB	New Company	----

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions