MIRA INFORM REPORT

Report Date :

12.07.2011

IDENTIFICATION DETAILS

Name :	R.V. DIAM (HK)
Registered Office :	Room F, 10/F, South Sea Mansion, 81 Chatham Road South, Tsim Sha Tsui, Kowloon
Country :	Hong Kong
Date of Incorporation :	07.05.2008
Com. Reg. No.:	39257575
Legal Form :	Sole Proprietorship
Line of Business :	Trading of loose diamond & jewelry

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 :	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 – March 31^st, 2011

Country Name	Previous Rating (31.12.2010)	Current Rating (31.03.2011)
Hong Kong	A2	A2

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

Bottom of Form

company OVERVIEW

Subject's Registered Name (in English ~ Chinese):	R.V. Diam (HK)
Business Registration No. (BR No.):	39257575
Subject's Business Name (in English ~ Chinese):	N/A

Registered Address:

Room F, 10/F, South Sea Mansion, 81 Chatham Road South, Tsim Sha Tsui, Kowloon, Hong Kong.

Previous 1 Address:	Flat G, 3/F, Champagne Centre, 16 Kimberly Road, Tsim Sha Tsui, Kowloon, Hong Kong.
Date Of Change:	16 Nov 2009

Previous 2 Address:

Unite E/2, 6/F, Summit Building, 30 Man Yue Street, Hung Hom, Kowloon, Hong Kong.

Operating/Business Address:	Room F, 10/F, South Sea Mansion, 81 Chatham Road South, Tsim Sha Tsui, Kowloon, Hong Kong.
Telephone:	60411703
Email:	fancycollection@gmail.com

NACE - Code & Industry:	51.18 - Agents specialising in the sale of particular products / ranges of products
Certification:	N/A
Business/Industry Trend:	Ordinary
Public Filings Compliance:	No Data Available

NACE - General name for economic activities in the European Union. The NACE-Code system is based on the European standard for industry classification and was introduced in 1970. In 1990 a revised version became applicable.

Public Filings Compliance - looks into a number of compliance requirements such as whether Subject is promptly filing its annual return (e.g. within 42 days after the anniversary of the date of incorporation (for private companies having a share capital); whether Subject's individual director is reporting a residential address and/or whether Subject is reporting its status under the Mortgage and Charges section for Total Amount Outstanding.... etc.

ALL FIGURES QUOTED IN LOCAL CURRENCY UNLESS OTHERWISE STATED

TOTAL CREDIT RECOMMENDATIONS

Requested Credit Amount (RCA)/ Maximum Credit Guide (MCG):

HKD100,000

CORPORATE STRUCTURE

The following statutory information is based on the examination of Subject's file at Business Registration Office (BR), Inland Revenue Department, Hong Kong.

Date of Examination/ BR Copy Examined	6 Jul 2011
Business Registration No. (BR No.)	39257575
Business Status	Sole Proprietorship
Date Commenced	7 May 2008
Active Status	Live

Name Changed:

N/A

Branches/Trading As	N/A
Chief Executive	SHAH, Bhavesh Kantilal

Details of Sole Proprietor / Partners as per B. R. copy obtained

Name	ID/BR No.	Passport No.	Issuing Country	Capacity	Address
SHAH, Bhavesh Kantilal	N/A	G8941474	India	Sole Proprietor	75/B, 7/F, Bhagya Apts, Bhardawadi Andheri West, Mumbai-40058, India.

HISTORY SUMMARY
Change of Ownership & Capital/ Share Allotment/Other Changes	No significant changes in business have been reported since its inception.
Appointment and/or Resignation of Directors or Secretary	N/A
Admission or Retirement of Sole Proprietor/Partner	As of 18 Jul 2008, BAKAR SAHIB Mohamed Ali was admitted as partner and Subject's legal status changed from sole proprietorship to partnership on 21 Jul 2008. As of 25 Jul 2008, SHAH Bhavesh Kantilal retired as partner and Subject's legal status changed from partnership to sole proprietorship on 25 Jul 2008. As of 15 Oct 2009, SHAH Bhavesh Kantilal was admitted as partner and Subject's legal status changed from sole proprietorship to partnership on 5 Nov 2009. As of 17 Oct 2009, BAKAR SAHIB Mohamed Ali retired as partner and Subject's legal status changed from partnership to sole proprietorship on 12 Nov 2009.
Parent	N/A

RELATED NEWS /FINDINGS

N/A

MANAGEMENT BACKGROUND

Name

SHAH, Bhavesh Kantilal 

Position (Title)

Chief Executive 

Nationality

India 

Sex

Male 

Phone

60411703 

Experience

21 years + 

Profile / Responsibility

He has 23 years of experience in the present field. Principal founder of Subject and is currently in charge of its business development, operation, management and policy making. 

Business Capacity

Company Name	CR/BR No.	Capacity	As at:
R.V. Diam (HK)	39257575	Sole Proprietor	7 Jul 2011

Court Action

As Defendant


None found in our database

Profile/Responsibility and Business Capacity indicated are based on -on-file, sources, and enquiries and investigations recently conducted but do not necessarily represent the full or most updated records. For example, the status indicated under Business Capacity is based on the date shown (if available) as recorded, which might have been changed at the time the report is compiled.

FINANCIAL

Current Interviews & Investigations

Interviewed Mr. SHAH Bhavesh Kantilal, Chief Executive, confirmed part of the details within this report but declined to disclose any financial information on the grounds of privacy.

Sources reveal that its annual turnover is standing at over HKD10 million.

Private companies in Hong Kong (include private limited, sole proprietorship and partnership) are not required to file or disclose their financial information for public inspection.

GROUP PROFILE & FINANCIALS

N/A

BANKING

Maintaining bank accounts with HSBC. No negative implication has been reported.

TRADE RECORD

A trade survey currently conducted reveals the following:

	First	Second
Type of Supplies	Services	Services
Time Known	1 Year	2 Years
Highest Credit	30,000	40,000
Outstanding Balance	15,000	20,000
Terms	30 days net	30 days net
Pay Record	As Agreed	As Agreed
Overall Trade Reputation	Average

TOTAL DEBT SCANNER (TDS)

TDS reveals if subject has been listed as debtor in our debt database in the past 5 years and that is subject to the "Code of Practice on Consumer Credit Data" issued by Office of the Privacy Commissioner for Personal Data, Hong Kong. Accounts are sometimes placed for collection even though the existence or amount of the debt is disputed. It should be noted that the collection record contained in the report might have been paid, terminated, vacated, settled or released prior to the date of report compiled.

Search Result:

Subject

None found in our database

Related Members

None found in our database

Related Companies

None found in our database

PUBLIC FILINGS

Mortgages and Charges (M&C)

M&C records, if any, are extracted from the Companies Registry, Hong Kong ("CRHK"). Details of "Creating Instrument" and "Description of Property Mortgaged or Charged" are available subject to the prevailing fees as per document charged by CRHK. Please indicate/select "Full Mortgage/Charge" when ordering our services/reports (e.g.: Total Limited Company Search or Total Company Credit Report). Request for Full mortgage/Charge made 7 days after the report delivery will be treated as a new order and is subject to our "Official Document Retrieval (ODR)" service charge + related government fees. M&C brief particulars may not be available from CRHK for mortgage/charge registered before 28 Feb 2005.

Records filed in:

N/A

Total Amount outstanding as of the date of this Return on all mortgages and charges which are required to be registered with the Registrar of Companies pursuant to sections 80 and 82 of the Companies Ordinance

TOTAL WRIT SCANNER (TWS)

TWS reveals if subject has been listed as defendant, plaintiff, in liquidation or bankruptcy within our court database in the past 7 years and that is subject to the "Code of Practice on Consumer Credit Data" issued by Office of the Privacy Commissioner for Personal Data, Hong Kong. It should be noted that the court record contained in a report might have been paid, terminated, vacated, settled or released prior to the date of a report was compiled. Civil claims are filed as the result of disputes of a commercial or other nature. The defendant is not liable nor the plaintiff eligible to the claim until judgement is obtained from the relevant court, which is not open for public inspection at present.Only the latest 50 records will be shown when total records exceed 50.

Search Result:

Subject

As Defendant

None found in our database

As Plaintiff

None found in our database

Comments

N/A

Related Members

As Defendant

None found in our database

Comments

N/A

Related Companies

As Defendant

None found in our database

Comments

N/A

OPERATION & ACTIVITIES

Business Lines

Principal Business Line	Trading of loose diamond & jewelry
Second Business Line	N/A

Product/Production

China Factory	Related
Size of China Factory (sq. ft.)	N/A
No. of Staff / Workers in China (or Overseas)	100+
Product / Production Remarks	Production is based at its related factory in India. Reportedly, employing 100.

Supplies/Purchases

Hong Kong and China
Types of Supplies	Services
Buying Terms	COD, TT and credit of 30 days
Overseas
Import Countries	India
Types of Supplies	Supplies
Buying Terms	Contract and TT
Remarks	N/A

Markets

Major Market	Asia
Minor Market	N/A
Selling Products / Services	Loose diamond & jewelry
Selling Terms	Deposit + TT
Remarks	N/A

Brands

Own Brands	N/A
OEM (Clients) Brands	N/A
Remarks	N/A

Premises and Staff

Hong Kong Office
Area (sq. ft.)	300
Type	Residential
Staff Range	Under 3
China Office
Staff Range	N/A
Premises Remarks	Renting a unit as its office at the captioned address, which is at a 49-year-old residential building. Employing 2.
Total No. of Staff in Hong Kong (China)	2

TOTAL PROPERTY OWNERSHIP SEARCH (TPOS)

TPOS reveals if subject has been involved in property transaction record in our database since 1996. TPOS does not represent the full record or history of all transactions relating to the registered charges, mortgages or ownerships. Some of the charges, mortgages or ownerships might have been released and/or changed. There could be latest mortgages, charges, ownerships or transactions not reflected. TPOS also checks on Subject's shareholder, director, sole proprietor, partner (collectively listed under "Related Members" in this section) and/or related company while related records will be revealed when appropriate.

Search Result:

Subject

No Trace

Related Members

No Trace

Related Companies

No Trace

Abbreviations:
S&P = Sales and Purchase
GBF = General Banking Facilities
N/A = Not Available/Applicable

RELATED COMPANIES

Related companies mean Parent Company, Subsidiary Company, Director's Other Business/Capacity, etc.

N/A

Subject is an ordinary loose diamond & jewelry trader, possessing reasonable operational experience(from its Chief Executive), ordinary backings and market base to meet its normal commitment. 

ECONOMIC AND TRADE INFORMATION ON HONG KONG

Major Economic Indicators

	2008	2009	2010	Forecast/Latest
Population, Mid-year (million)	6.98	7.00	7.07	7.10^a
Gross Domestic Product (US$billion)	215.0	208.0	223.6	240.3-242.6^b
Real GDP Growth (%)	+2.3	-2.7	+7.0	+5-6^b
GDP Per Capita (US$)	30,800	29,700	31,600	33,900-34,200^b
Inflation (% Change in Composite CPI)	+4.3	+0.5	+2.4	+4.3^c
Unemployment Rate (%)	3.6	5.4	4.4	3.5^d

^a end-2010; ^b government forecast for 2011; ^c January-May 2011; ^d March-May 2011

Merchandise Trade Performance

	2009		2010		January-May 2011
	US$billion	Growth %	US$billion	Growth %	US$billion	Growth %
Total Exports	316.5	-12.6	388.6	+22.8	169.8	+17.0
Domestic Exports	7.4	-36.4	8.9	+20.4	3.7	+9.0
Re-exports	309.1	-11.8	379.7	+22.8	166.0	+17.2
Imports	345.2	-11.0	431.4	+25.0	190.2	+15.8
Total Trade	661.7	-11.8	820.0	+23.9	359.9	+16.4
Trade Balance	-28.6	N/A	-42.8	N/A	-20.4	N/A

Service Trade Performance

	2009		2010		January-March 2011
	US$billion	Growth %	US$billion	Growth %	US$billion	Growth %
Exports	85.9	-6.8	106.0	+23.4	28.6	+16.9
Imports	43.7	-7.1	50.7	+16.0	13.0	+11.0
Total Trade	129.6	-6.9	156.7	+20.9	41.6	+15.0
Trade Balance	42.2	N/A	55.3	N/A	15.6	N/A

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.37
UK Pound	1	Rs.70.84
Euro	1	Rs.62.96

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.