MIRA INFORM REPORT

Report Date :

18.01.2011

IDENTIFICATION DETAILS

Name :	COSMOPOLITAN GEMS
Registered Office :	Room 1601, 16/F., Star Mansion, 3-5 Minden Row, Tsimshatsui, Kowloon
Country :	Hong Kong
Date of Incorporation :	01.07.1996
Com. Reg. No.:	20027177-000-07
Legal Form :	Sole Proprietorship
Line of Business :	Importer and Exporter of all kinds of diamonds, precious stones, semi-precious stones, etc.

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	No Complaints
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

COSMOPOLITAN GEMS

company ADDRESS

Room 1601, 16/F., Star Mansion, 3-5 Minden Row, Tsimshatsui, Kowloon, Hong Kong.

PHONE: 2366 9651

FAX: 2739 7005

MANAGEMENT

Manager: Ms. Raj Shree Parwal

SUMMARY

Establishment: 1st July, 1996.

Organization: Sole Proprietorship.

Capital: Not disclosed.

Business Category: Diamond Trader.

Employee: 1.

Main Dealing Banker: Indian Overseas Bank, Hong Kong Branch.

Banking Relation: Fair.

company ADDRESS

Head Office:-

Room 1601, 16/F., Star Mansion, 3-5 Minden Row, Tsimshatsui, Kowloon, Hong Kong.

BUSINESS REGISTRATION NUMBER

20027177-000-07

MANAGEMENT

Manager: Ms. Raj Shree Parwal

Contact Person: Mr. Vithani Rajesh

SOLE PROPRIETOR

Name: Ms. Raj Shree PARWAL

Residential Address: Room 1601, 16/F., Star Mansion, 3-5 Minden Row, Tsimshatsui, Kowloon, Hong Kong.

HISTORY

The subject was established on 1st July, 1996 as a sole proprietorship concern owned by Ms. Raj Shree Parwal under the Hong Kong Business Registration Regulations.

Formerly, the subject was located at Flat E, 16/F., Star Mansion, 3-5 Minden Row, Tsimshatsui, Kowloon, Hong Kong, moved to Flat A (renamed Flat 1 or Room 1601) of the same floor and same building in June 2008.

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

OPERATIONS

Activities: Importer and Exporter.

Lines: All kinds of diamonds, precious stones, semi-precious stones, etc.

Employee: 1.

Commodities Imported: India, Belgium, Israel, other Asian countries, etc.

Markets: Hong Kong, Japan, India, other Asian countries, etc.

Terms/Sales: L/C or as per contracted.

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

FINANCIAL INFORMATION

Capital: Not disclosed.

Profit & Loss: Made very small profits in the past years.

Condition: Business is normal.

Facilities: Making fairly active use of general banking facilities.

Payment: Met trade commitments on time.

Commercial Morality: Satisfactory.

Banker: Indian Overseas Bank, Hong Kong Branch.

Standing: Small.

GENERAL

Cosmopolitan Gems is a sole proprietorship set up and owned by Ms. Raj Shree Parwal who is an Indian residing in Hong Kong for a very long time. She is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently.

The subject’s registered and operating address is located at Room 1601, 16/F., Star Mansion, 3-5 Minden Row, Tsimshatsui, Kowloon, Hong Kong which is in a residential building. The subject’s registered address is also the residential address of the sole proprietor.

The subject is a diamond, precious, semi-precious stone and jewellery product trader and wholesaler. Loose diamonds, black diamonds and rough diamonds are chiefly imported from India, Belgium and other European countries, etc. Rough diamonds and precious stones are polished or processed in Hong Kong or China. Finished products, cut and polished diamonds are marketed in Hong Kong, exported to Japan, India and other Asian countries. The subject also trades in ladies’ diamonds. Business is normal.

The subject’s business is chiefly handled by Parwal herself. It has had an employee known as Vithani Rajesh who is the contact person of the subject. Vithani Rajesh is also an Indian.

In order to penetrate the international market further, the subject has taken part in fairs and exhibitions held in Hong Kong and other foreign large cities. For instance, it took part in Hong Kong Watch & Clock Fair 2010 which had been held during the period of 6th to 10th September, 2010. In 2011, it will take part in Hong Kong International Jewellery Show which will be held during the period of 4th to 8th March, 2011.

Over the past years, the subject managed to keep a balance account or just made very small profits. However, it is able to maintain a number of suppliers and customers in Asian.

The history of the subject in Hong Kong is over fourteen and a half years.

On the whole, consider it good for normal business engagements in small credit amounts.

COURT CASES: None per our.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.59
UK Pound	1	Rs.72.31
Euro	1	Rs.60.73

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 Business	----

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

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