MIRA INFORM REPORT

Report Date :

15.07.2011

IDENTIFICATION DETAILS

Name :	COLOR DIAM PRIVATE LIMITED
Registered Office :	Whole Floor, 4/F, Hai Xin Building, 15-17 Hart Avenue, Tsim Sha Tsui, Kowloon
Country :	Hong Kong
Date of Incorporation :	06.05.2011
Com. Reg. No.:	58319784
Legal Form :	Private Limited Company
Line of Business :	----

RATING & COMMENTS

MIRA’s Rating :

NB

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

Status :	New Company
Payment Behaviour :	Unknown
Litigation :	----

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

company OVERVIEW

Subject's Registered Name (in English ~ Chinese):	Color Diam Private Limited ~
Companies Registry No. (CR No.):	1597163
Subject's Business Name (in English ~ Chinese):	N/A

Registered Address:

Whole Floor, 4/F, Hai Xin Building, 15-17 Hart Avenue, Tsim Sha Tsui, Kowloon, Hong Kong.

Operating/Business Address:	Untraced
Telephone:	36412463 (Given)
Fax:	36412463 (Given)

NACE - Code & Industry:	N/A
Certification:	N/A
Business/Industry Trend:	N/A
Public Filings Compliance:	N/A

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

CORPORATE STRUCTURE

The following statutory information is based on the examination of Subject's file at the Companies' Registry (CR), Hong Kong.

(For Public Limited Company - Listed, only Substantial Shareholders ("SS") are listed, as based on the latest available annual or interim reports. It is noted that some of the shares held (including long, short and other positions) might have been duplicated due to capacities of "Beneficial owner", "Interest of controlled corporation", "Interest of spouse", "Family interest", etc., which mean the total number of shares held by SS may exceed the authorized and/or issued shares. Duplicate holding (if any) will be elaborated under the "Notes to Substantial Shareholders" on the Structure Remark section.)

Co. File Examined	12 Jul 2011
Companies Registry No. (CR No.)	1597163
Business Registration No. (BR No.)	58319784
Legal Status	Private Limited Company
Active Status	Live
Date of Incorporation / Registration	6 May 2011

Name Changed

N/A

Authorized Share Capital

HKD10,000 

No. of Shares Issued

7,000  

Issued Share Capital

HKD7,000  

Paid up Capital (excluding premium)

HKD7,000 

Class of Share

Ordinary  

Last Annual Return Date

N/A 

Year(s) of "Annual Return of No Change" Filed

N/A 

Branches/Trading As

N/A 

Chief Executive

N/A

Company Secretary

Name	ID/CR No.	Passport No.	Issuing Country	Address
Sino Link Far East Limited	1214120	N/A	N/A	Suite B, 15/F, Kimberley House, 35 Kimberley Road, Tsim Sha Tsui, Kowloon, Hong Kong.

Shareholders/ Subscribers (as at 6 May 2011)

Shareholders/ Subscribers	ID/CR No.	Passport No.	Issuing Country	Address	No. of Shares	Class of Share	% Of Share Capital
RAKHOLIYA Jayeshkumar Shambhubhai	N/A	F0233654	India	5 Devji Nagar Society Part 1, B/Hankur Society A.K. Road, Surat 395008, Gujarat, India.	7,000	Ordinary	100.00
				Total:	7,000

Directors (as at 6 May 2011)

Directors	ID/CR No.	Passport No.	Issuing Country	Address
RAKHOLIYA Jayeshkumar Shambhubhai	N/A	F0233654	India	5 Devji Nagar Society Part 1, B/Hankur Society A.K. Road, Surat 395008, Gujarat, India.

HISTORY SUMMARY
Change of Ownership & Capital/ Share Allotment/Other Changes	N/A
Appointment and/or Resignation of Directors or Secretary	N/A
Admission or Retirement of Sole Proprietor/Partner	N/A
Parent	N/A

RELATED NEWS /FINDINGS

Due to the nature of the information learned, we are responding in narrative format.

There is no telephone listing found on Subject, its sole shareholder/director proprietor. In addition, it is not found in the major reference books and trade and web directories.

We called the given number 36412463 however it was repeatedly unaswered.

We visited the registered address (also the given one) and found it is a residential building. We visited the unit and found the door was locked. We knocked on the door but it was unanswered. Interviewed a watchman Mr. JIK (phonetic) of the building management office, he divulged that he has never heard of Subject and there are no business but only residences. Message was left for Subject at the door but no reply was received during the report compilation. 

MANAGEMENT BACKGROUND

Name

RAKHOLIYA Jayeshkumar Shambhubhai 

Position (Title)

Director 

Nationality

India 

Experience

N/A 

Profile / Responsibility

Could not be reached for interview during our report compilation. 

Business Capacity

Company Name	CR/BR No.	Capacity	As at:
Color Diam Private Limited ~	1597163	Director	6 May 2011
Color Diam Private Limited ~	1597163	Shareholder	6 May 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

Its sole shareholder/director was untraceable for interview during the report compilation.

Sources and records reveal no financial information due to its short history.

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

No banking information was learned.

TRADE RECORD

N/A

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	No learned
Second Business Line	N/A

Product/Production

China Factory	N/A
Size of China Factory (sq. ft.)	N/A
No. of Staff / Workers in China (or Overseas)	N/A
Product / Production Remarks	N/A

Supplies/Purchases

Hong Kong and China
Types of Supplies	N/A
Buying Terms	N/A
Overseas
Import Countries	N/A
Types of Supplies	N/A
Buying Terms	N/A
Remarks	N/A

Markets

Major Market	N/A
Minor Market	N/A
Selling Products / Services	N/A
Selling Terms	N/A
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.)	954
Type	Residential
Staff Range	N/A
China Office
Staff Range	N/A
Premises Remarks	Its registered office is located at the captioned address, which is a 22-year-old residential building.
Total No. of Staff in Hong Kong (China)	Not learned

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

SUMMARY

Subject is a newly formed Indian owned company.

Despite repeated attempts of investigations and enquiries we have been unable to locate Subject and its sole shareholder/director.

Some sections in this report are resulted as N/A or Not learned due to the unavailability of related information and its untraceable operation.

In view of the above, we now cease our investigation and advise caution should be taken. No credit appraisal or scoring can facilitated. 

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

Current Economic Situation

The world's freest economy

The world's most services-oriented economy (services sectors accounting for more than 90% of GDP)

The world's second highest per capita holding of foreign exchange reserves

The world's tenth largest foreign exchange reserves holding

The second largest source of foreign direct investment (FDI) in Asia

The second largest recipient of FDI in Asia

Source: Hong Kong Trade Development Council, updated 28 Jun 2011.

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.53
UK Pound	1	Rs.71.80
Euro	1	Rs.63.15

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.