MIRA INFORM REPORT

Report Date :

21.01.2011

IDENTIFICATION DETAILS

Correct Name :	JSK EXIM HK LTD.
Registered Office :	c/o Buttar.HK Ltd., Unit J, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon
Country :	Hong Kong
Date of Incorporation :	08.05.2009
Com. Reg. No.:	50653788
Legal Form :	Private Limited Company
Line of Business :	Importer, Exporter and Wholesaler of Gifts, stationery, sanitary ware and bathroom fittings, 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 :	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

JSK EXIM HK LTD.

Company ADDRESS

c/o Buttar.HK Ltd.

Unit J, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong.

PHONE: 2312 0148

FAX: 2375 6513

E-MAIL: jskhk.jsk@gmail.com

MANAGEMENT

Managing Director: Mr. Amit Dinesh Jhaveri

SUMMARY

Incorporated on: 8th May, 2009.

Organization: Private Limited Company.

Capital: Nominal: HK$10,000.00

Issued: HK$10,000.00

Business Category: Importer, Exporter and Wholesaler.

Employees: Nil.

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

Banking Relation: Fair.

Company ADDRESS

Registered Head Office:-

c/o Buttar.HK Ltd.

Unit J, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong.

Affiliated Company:-

JSK Exim

Futian 4 Area, 18 Building 1, Yiwu City, Zhejiang Province, China.

[Tel: 86-579-8542 7593, 8542 7594

Fax: 86-579-8542 7596

E-mail: amitgupta2312@hotmail.com ]

BUSINESS REGISTRATION NUMBER

50653788

COMPANY FILE NUMBER

1336897

MANAGEMENT

Managing Director: Mr. Amit Dinesh Jhaveri

CAPITAL

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

Issued Share Capital: HK$10,000.00

SHAREHOLDER

(As per registry dated 08-05-2009)

Name	No. of shares
Amit Dinesh JHAVERI	10,000 =====

DIRECTOR

(As per registry dated 08-05-2009)

Name (Nationality)	Address
Amit Dinesh JHAVERI	61 Krishna Niketan, 1/F., Bada Mandir Compound V.P. Road, Mumbai-400002, India.

SECRETARY

(As per registry dated 08-05-2009)

Name	Address	Co. No.
Buttar HK Ltd.	1/F., Mau Lam Commerical Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong.	975326

HISTORY

The subject was incorporated on 8th May, 2009 as a private limited liability company under the Hong Kong Companies Ordinance.

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

OPERATIONS

Activities: Importer, Exporter and Wholesaler.

Lines: Gifts, stationery, sanitary ware and bathroom fittings, etc.

Employees: Nil.

Commodities Imported: China.

Markets: India (main), etc.

Annual Turnover: Too early to obtain figure.

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

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

FINANCIAL INFORMATION

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

Issued Share Capital: HK$10,000.00

Profit or Loss: Made a small loss in 2009.

Condition: Business is under development.

Facilities: Making fairly 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

JSK Exim HK Ltd. is wholly-owned by Mr. Amit Dinesh Jhaveri who is an Indian. He is an India passport holder and does not have the right to reside in Hong Kong permanently. He is also the only director of the subject.

The subject does not have its own operating office. Its registered office is in a commercial service firm located at Unit J, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong known as Buttar.HK Ltd. which is handling its correspondences and documents. Buttar.HK Ltd. is also the corporate secretary of the subject. The subject has no employees in Hong Kong.

To our knowledge, Jhaveri has set up a firm known as JSK Exim in Yiwu City, Zhejiang Province, China.

Established in 2004, JSK Exim is trading in gifts, novelties, premiums, stationery, sanitary ware and bathroom fittings, auto-parts, wooden desk top accessories, tooth brushes, printer accessories, clocks, umbrellas, general household accessories, etc. JSK Exim is a buying office in China. Commodities, chiefly sourced from the suppliers in Yiwu City, are exported to India. Other markets are North America, Greece, Australia and South Africa. Overall business is rather active. Business is handled by a Chinese female Ms. Hu Min. The contact person is Mr. Mac Crassy. The headquarters of JSK Exim are in Mumbai City of India.

JSK Exim 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 history of the subject in Hong Kong is just over a year and eight months. Its business in Hong Kong is not very active.

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

COURT CASES: None per our.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.58
UK Pound	1	Rs.72.73
Euro	1	Rs.61.45

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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