MIRA INFORM REPORT

Report Date :

10.06.2011

IDENTIFICATION DETAILS

Correct Name :	ETERNAL DIAMONDS CORPORATION LTD.
Registered Office :	Flat F2-27, 2/F., Phase 2, Hang Fung Industrial Building, 2G Hok Yuen Street, Hunghom, Kowloon
Country :	Hong Kong
Date of Incorporation :	18.12.2002
Com. Reg. No.:	33232303
Legal Form :	Private Limited Liability Company
Line of Business :	Diamond Trader

RATING & COMMENTS

MIRA’s Rating :

C

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	No Operating Office in Hong Kong
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 – December 31, 2010

Country Name	Previous Rating (30.09.2010)	Current Rating (31.12.2010)
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

ETERNAL DIAMONDS CORPORATION LTD.

COMPANY Address

Registered Office:-

Flat F2-27, 2/F.,

Phase 2, Hang Fung Industrial Building,

2G Hok Yuen Street,

Hunghom, Kowloon,

Hong Kong.

[Tel: 2333 5534]

Holding Company:-

Brilliant Diamonds Ltd., Mauritius.

BUSINESS REGISTRATION NUMBER

33232303

COMPANY FILE NUMBER

0826414

DATE OF INCORPORATION

18th December, 2002.

CAPITAL

Nominal Share Capital: US$100,000.00 (Divided into 100,000 shares of US$1.00 each)

Issued Share Capital: US$10,000.00

SHAREHOLDERS

(As per registry dated 18-12-2009)

Name		No. of shares
Brilliant Diamonds Ltd. Manor House, 1/F., Cnr St. George/Chazal Streets, Port Louis, Mauritius.		9,999
Nomsec No. 1 Ltd., Hong Kong.		1
		––––––
	Total:	10,000 =====

DIRECTORS

(As per registry dated 18-12-2009)

Name	Address	Co. No.
Nankeen (Nominees) Ltd.	9/F., Surson Commercial Building, 140-142 Austin Road, Tsimshatsui, Kowloon, Hong Kong.	0126020
Uni-Quali (Nominees) Ltd.	9/F., Surson Commercial Building, 140-142 Austin Road, Tsimshatsui, Kowloon, Hong Kong.	0195938

SECRETARY

(As per registry dated 18-12-2009)

Name	Address	Co. No.
Louis Lai Co. Secretarial Services Ltd.	9/F., Surson Commercial Building, 140-142 Austin Road, Tsimshatsui, Kowloon, Hong Kong.	0686503

GENERAL

Eternal Diamonds Corporation Ltd. was incorporated on 18th December, 2002 as a private limited liability company under the Hong Kong Companies Ordinance.

The subject does not have its own operating office. Its registered office is in a business centre located at Flat F2-27, 2/F., Phase 2, Hang Fung Industrial Building, 2G Hok Yuen Street, Hunghom, Kowloon, Hong Kong. The subject has rented a booth “Unit 27” in this business centre. Formerly, its registered office was in an accountant firm located at 1/F., Xiu Ping Commercial Building, 104 Jervois Street, Sheung Wan, Hong Kong known as Fung & Pang CPA Ltd. which had handled its correspondences and documents. The subject changed its registered address to the present one with effect from 10th June, 2010.

The telephone number of the subject is 2333 5534, however, we can reach nobody at this phone number.

The subject has no employees in Hong Kong. It may have a representative in Hong Kong who cannot be reached.

According to the Companies Registry of Hong Kong, the subject has issued 10,000 ordinary shares of US$1.00 each of which 9,999 shares are held by Brilliant Diamonds Ltd. which is a Mauritius-registered firm. The other single share is held by Nomsec No. 1 Ltd. which is a nominee firm located at 9/F., Surson Commercial Building, 140-142 Austin Road, Tsimshatsui, Kowloon, Hong Kong. This is also the operating address of Louis Lai Co. Secretarial Services Ltd. [Louis Lai] which is a secretarial service provider.

The director of the subject Nankeen (Nominees) Ltd., a nominee firm, is located at the operating address of Louis Lai.

The subject is a diamond trader. Details are unknown. Business is not very active in Hong Kong although its history in Hong Kong is about eight years.

We also have no knowledge on Brilliant Diamonds Ltd.

On the whole, since the subject’s business is active 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.44.72
UK Pound	1	Rs.73.47
Euro	1	Rs.65.38

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 Company	----

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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