MIRA INFORM REPORT

Report Date :

23.02.2011

IDENTIFICATION DETAILS

Correct Name :	ZEST DIMON
Formerly Known As :	Hira Exports (HK)
Registered Office :	Room 901, 9/F., Harbour Centre, Tower 2, 8 Hok Cheung Street, Hunghom, Kowloon
Country :	Hong Kong
Date of Incorporation :	19.04.2005
Com. Reg. No.:	35536664-000-04
Legal Form :	Sole Proprietorship
Line of Business :	Supplier, Importer and Exporter of all kinds of diamonds and jewellery products, emerald, precious stones, etc.

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	Regular
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	A2	A2

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

Company name

ZEST DIMON

company address

Room 901, 9/F., Harbour Centre, Tower 2, 8 Hok Cheung Street, Hunghom, Kowloon, Hong Kong.

PHONE: 3163 2289

FAX: 2333 9518

E-MAIL: hiraexportsltd@yahoo.com

MANAGEMENT

Manager: Mr. Pravinkumar Thakarshi Dobariya

SUMMARY

Establishment: 19th April, 2005.

Organization: Sole Proprietorship.

Capital: Not disclosed.

Business Category: Diamond Trader.

Employees: 3. (Including affiliate)

Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

Banking Relation: Satisfactory.

company address

Head Office:-

Room 901, 9/F., Harbour Centre, Tower 2, 8 Hok Cheung Street, Hunghom, Kowloon, Hong Kong.

Affiliated Companies:-

Hira Export, India.

Hira Exports Ltd., Hong Kong. (Same address)

BUSINESS REGISTRATION NUMBER

35536664-000-04

MANAGEMENT

Manager: Mr. Pravinkumar Thakarshi Dobariya

SOLE PROPRIETOR

Name: Mr. Pravinkumar Thakarshi DOBARIYA

Residential Address: 7/F., Hilton Tower, 96 Granville Road, Tsimshatsui, Kowloon, Hong Kong.

HISTORY

The subject was established on 19th April, 2005 as a sole proprietorship concern owned by Mr. Pravinkumar Thakarshi Dobariya under the Hong Kong Business Registration Regulations.

Originally the subject was registered under the name of Hira Exports (HK), name changed to the present style on 14th October, 2005.

Initially the subject was located at 11/F., Tung Wui Commercial Building, 27 Prat Avenue, Tsimshatsui, Kowloon, Hong Kong, moved to the present address in October 2005.

Apart from these, neither material change nor amendment has been ever traced and noted.

OPERATIONS

Activities: Supplier, Importer and Exporter.

Lines: All kinds of diamonds and jewellery products, emerald, precious stones, etc.

Employees: 3. (Including affiliate)

Commodities Imported: India, Belgium, other Asian and European countries, etc.

Markets: Japan, other Asian countries, Europe, North America, etc.

Terms/Sales: L/C, T/T, etc.

Terms/Buying: L/C, T/T, D/P, etc.

FINANCIAL INFORMATION

Capital: Not disclosed.

Profit or Loss: Making a small profit every year.

Condition: Keeping in a satisfactory manner.

Facilities: Making rather active use of general banking facilities.

Payment: Met trade commitments on time.

Commercial Morality: Satisfactory.

Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

Standing: Small.

GENERAL

Zest Dimon, formerly known as Hira Exports (HK), is a sole proprietorship set up and owned by Mr. Pravinkumar Thakarshi Dobariya who is an Indian. He is an India passport holder and does not have the right to reside in Hong Kong permanently.

The subject has had an affiliated company Hira Exports Ltd. [Hira Exports] located at its operating address. Incorporated in 2005, Hira Exports is a diamond trader, so does the subject.

Hira Exports is wholly-owned by Mr. Dahyabhai Govindhbai Sutariya who is also an Indian. The directors of Hira Exports are Dahyabhai Govindhbai Sutariya, Pravinkumar Thakarshi Dobariya and Kavita Pravinkumar Dobariya. K. P. Dobariya and P. T. Dobariya belong to the same family. However, Hira Exports is also managed by P. T. Dobariya who is also the manager of the subject.

The subject is the supplier, importer and exporter of versatile range of diamonds in a wide variety like rose cut diamonds, rose cut heart, rose cut round, rose cut pears, rose cut oval, rose cut marquise, fancy cut and fancy colour diamonds. Significant products are 18K white gold earrings, diamond bangles, 18K white gold bangles, etc.

The has got an affiliated factory known as “Hira Export” in India. The subject’s commodities are chiefly supplied by its factory in India. Commodities are exported or re-exported to the other Asian countries, Europe, North America, Scandinavia, etc. Business is normal.

The business of the subject and Hira Export is chiefly handled by P. T. Dobariya.

In order to penetrate the international market further, Hira Exports has taken part in fairs and exhibitions held in Hong Kong and other foreign large cities. The significant one is “Hong Kong International Jewellery Show” which is held in Hong Kong annually. For instance, From 5th to 9th March, 2010, Hira Exports had taken part in “HKTDC Hong Kong International Jewellery Show 2010”.

The history of the subject in Hong Kong is over five years and five months.

On the whole, consider the subject good for normal business engagements.

COURT CASES: None per our.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.20
UK Pound	1	Rs.73.07
Euro	1	Rs.61.41

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

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.