MIRA INFORM REPORT

Report Date :

07.06.2011

IDENTIFICATION DETAILS

Name :	AMY DIAM LTD.
Registered Office :	Flat A3, 5/F., Burlington House, 90-94C Nathan Road, Tsimshatsui, Kowloon
Country :	Hong Kong
Date of Incorporation :	29.09.2005
Com. Reg. No.:	36152790
Legal Form :	Private Limited Company.
Line of Business :	Importer, Exporter and Wholesaler 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 – 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 name

AMY DIAM LTD.

company ADDRESS

Flat A3, 5/F., Burlington House, 90-94C Nathan Road, Tsimshatsui, Kowloon, Hong Kong.

PHONE: 2367 7700

FAX: 2367 7779

E-MAIL: info@amydiam.com

MANAGEMENT

Managing Director: Mr. Girishkumar Girdharlal Shah

SUMMARY

Incorporated on: 29th September, 2005.

Organization: Private Limited Company.

Capital: Nominal: HK$6,000,000.00

Issued: HK$6,000,000.00

Business Category: Diamond Trader.

Employees: 4.

Main Dealing Banker: Industrial & Commercial Bank of China (Asia) Ltd., Hong Kong.

Banking Relation: Satisfactory.

Company ADDRESS

Registered Head Office:-

Flat A3, 5/F., Burlington House, 90-94C Nathan Road, Tsimshatsui, Kowloon, Hong Kong.

Affiliated Company:-

Amy Diam, Hong Kong. (Same address)

BUSINESS REGISTRATION NUMBER

36152790

COMPANY FILE NUMBEr

0998317

MANAGEMENT

Managing Director: Mr. Girishkumar Girdharlal Shah

CAPITAL

Nominal Share Capital: HK$6,000,000.00 (Divided into 6,000,000 shares of HK$1.00 each)

Issued Share Capital: HK$6,000,000.00

SHAREHOLDERS

(As per registry dated 29-09-2010)

Name		No. of shares
Girishkumar Girdharlal SHAH		3,600,000
Heena Girish SHAH		2,400,000
		––––––––
	Total:	6,000,000 =======

DIRECTORS

(As per registry dated 29-09-2010)

Name (Nationality)	Address
Girishkumar Girdharlal SHAH	Flat J, 12/F., Windsor Mansions, 17 Austin Avenue, Tsimshatsui, Kowloon, Hong Kong.
Heena Girish SHAH	Flat J, 12/F., Windsor Mansions, 17 Austin Avenue, Tsimshatsui, Kowloon, Hong Kong.
Jatinkumar Dinesh Chandra MEHTA	No. 1, 7/F., Shaoxing North Street, Lane 31, Taipei, Taiwan.

SECRETARY

(As per registry dated 29-09-2010)

Name	Address
WONG Hiu Wan	Flat D, 20/F., Block 3, Seaview Crescent, 8 Tung Chung Waterfront Road, Tung Chung, Lantau Island, Hong Kong.

HISTORY

The subject was incorporated on 29th September, 2005 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: All kinds of diamonds and jewellery products, emerald, precious stones, etc.

Employees: 4.

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

Markets: Hong Kong, Japan, Southeast Asia, etc.

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

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

FINANCIAL INFORMATION

Nominal Share Capital: HK$6,000,000.00 (Divided into 6,000,000 shares of HK$1.00 each)

Issued Share Capital: HK$6,000,000.00

Alternation of Capital:-

Initially	paid up	HK$ 1,000,000.00
11-03-2009	paid up	HK$ 5,000,000.00
		–––––––––––––––
Total:	paid up	HK$ 6,000,000.00 ==============

Increase of Nominal Capital:-

From

HK$1,000,000.00

to

HK$6,000,000.00

on

11-03-2009

Mortgage or Charge:-

Date of Debenture: 02-06-2006

Amount: All money and the discharge of all obligations and liabilities

Property:

1) All stocks shares bonds and securities of any kind whether marketable or otherwise and

all other interests including loan capital of the Company

2) All book and other debts revenues and claims both present and future due or owing or which amy

become due or owing to or purchased or otherwise acquired by the Company

3) The uncalled capital goodwill and all patents patent applications trade marks trade names registered

designs and copyrights and all licences and ancillary and connected rights relating to the intangible property both present and future of the Company

4) The undertaking and all other assets of the Company both present and future including the stock in trade of the Company and the heritable property

Mortgagee: Antwerpse DiamantBank NV (also known as Antwerp Diamond Bank NV), Hong Kong

Branch.

Profit or Loss: Making a small profit in the past three year.

Condition: Keeping in a satisfactory condition.

Facilities: Making active use of general banking facilities.

Payment: Met trade commitments as required.

Commercial Morality: Satisfactory.

Bankers:-

· Industrial & Commercial Bank of China (Asia) Ltd., Hong Kong.

· Antwerpse DiamantBank NV (also known as Antwerp Diamond Bank NV), Hong Kong Branch.

Standing: Normal.

GENERAL

Having issued 6 million ordinary shares of HK$1.00 each, Amy Diam Ltd. is jointly owned by Girishkumar Girdharlal Shah, holding 60% interest; and Mr. Heena Girish Shah, holding 40%.

The subject has got an affiliated company Amy Diam located at the same operating address. Established on 21st February 1990, Amy Diam is engaged in the same lines of business as the subject.

Amy Diam has been manufacturing and designing quality diamond jewellery for clients all over the world. It offers clients with high-end products from Hong Kong and China. Its diamonds range in sizes from 0.01 cts. to 2.99 cts. in a variety of cuts ranging from round to princess and in grades of “WS” to “SI”. Amy Diam has had a close relationship with a leading sightholder of DTC Ltd. in India where it purchases its diamonds. It is specialized in round and Princess Cut diamonds made from sawn rough which when polished have maximum luster and brilliance. Amy Diam produces different cuts of diamond on behalf of its clients and constantly offer innovative solutions to challenges found in modern jewellery styles.

Amy Diam has factories in China that manufacture its jewellery collections and OEM products on behalf of its clients. Amy Diam’s expanding product range includes rings, earrings and pendants in range of settings in 18K gold and platinum and silver, and special expertise in “invisible set jewellery” finely crafted from princess cut diamonds.

Shenzhen Prestige Jewelry is its own retail brand which has been recently setup in China. For the Shenzhen Prestige, Amy Diam has specially designed classic styles from rings to pendants to bracelets and earrings.

Shenzhen Prestige is a China focused brand that aims to bring a larger variety of luxury diamond products to the mainland market. Currently, the market share of Shenzhen Prestige in China has been increasing.

Besides the China market, Amy Diam exports its products to Japan, Southeast Asia, etc. Business is rather active.

The history of Amy Diam in Hong Kong is over twenty-one years. Regular suppliers in India have been maintained.

The subject and Amy Diam are controlled by the Shah family.

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.44.72
UK Pound	1	Rs.73.46
Euro	1	Rs.65.47

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%)

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.