MIRA INFORM REPORT

Report Date :

27.06.2011

IDENTIFICATION DETAILS

Name :	RAHA IMPEX H.K.
Registered Office :	Flat H, 13/F., Kimberley Mansion, 15 Austin Avenue, Tsimshatsui, Kowloon
Country :	Hong Kong
Date of Incorporation :	19.09.2008
Com. Reg. No.:	39802637-000-09
Legal Form :	Sole Proprietorship
Line of Business :	Importer, Exporter and Wholesaler of all kinds of diamonds and jewellery products, emerald, precious stones, 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 :	Small Company
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

RAHA IMPEX H.K.

company ADDRESS

Flat H, 13/F., Kimberley Mansion, 15 Austin Avenue, Tsimshatsui, Kowloon, Hong Kong.

PHONE: 2723 7775, 6398 5168~9

FAX: 2723 7072, 3904 4305

Note: The subject is not located at your given address Flat G, 7/F., Windsor Mansion, 17 Austin Avenue, Tsimshatsui, Kowloon, Hong Kong.

MANAGEMENT

Manager: Mr. Aman Sharda

SUMMARY

Establishment: 19th September, 2008.

Organization: Sole Proprietorship.

Capital: Not disclosed.

Business Category: Diamond Trader.

Employees: Nil.

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

Banking Relation: Fair.

company ADDRESS

Head Office:-

Flat H, 13/F., Kimberley Mansion, 15 Austin Avenue, Tsimshatsui, Kowloon, Hong Kong.

Affiliated Company:-

Rio-Star, Hong Kong. (Same address)

BUSINESS REGISTRATION NUMBER

39802637-000-09

MANAGEMENT

Manager: Mr. Aman Sharda

SOLE PROPRIETOR

Name: Mr. Aman SHARDA

Residential Address: D-58, K.N.N. Ext. I, Jodhpur (Rajasthan), India.

HISTORY

The subject was established on 19th September, 2008 as a sole proprietorship concern owned by Mr. Aman Sharda under the Hong Kong Business Registration Regulations.

Initially the subject was located at Flat D, 11/F., Windsor Mansion, 29‑31 Chatham Road, Tsimshatsui, Kowloon, Hong Kong, moved to Room 404B, 4/F., Fu Hang Industrial Building, 1 Hok Yuen Street East, Hunghom, Kowloon, Hong Kong in March 2009, and further to the present address in July 2010.

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

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OPERATIONS

Activities: Importer, Exporter and Wholesaler.

Lines: All kinds of diamonds and jewellery products, emerald, precious stones, etc.

Employees: Nil.

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

Markets: Hong Kong, Japan, other Asian countries, etc.

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

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

FINANCIAL INFORMATION

Capital: Not disclosed.

Profit or Loss: Too early to offer an opinion.

Condition: Business is improving.

Facilities: Making 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

Raha Impex H.K. is a sole proprietorship set up on 19th September, 2008 and owned by Mr. Aman Sharda who is an Indian. He is an India passport holder and does not have the right to reside in Hong Kong permanently.

The subject moved to the present address in July 2010 sharing the office with another firm Rio Star. The subject’s latest operating address is in a private building located at Flat H, 13/F., Kimberley Mansion, 15 Austin Avenue, Tsimshatsui, Kowloon, Hong Kong. This office is not in a commercial building but a residential building. It is likely that Sharda has moved to this new address but does not make any amendments on the subject’s registration materials. It seems that the subject’s operating address is also Sharda’s new residential address in Hong Kong.

The subject is a diamond importer, exporter and wholesaler. Rough diamonds are imported from India, other Asian countries, Belgium and other European countries, etc. Some of the rough diamonds are polished or processed in Hong Kong. It also imports polished and cut diamonds. Finished products and polished diamonds are marketed in Hong Kong, exported or re-exported to Japan and other Asian countries. Business is improving.

Rio Star is a sole proprietorship owned by an Indian Mr. Lalit Jivraj Patel. He is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently. Rio Star is also a diamond trader.

The subject’s business is chiefly handled by Mr. Aman Sharda himself.

Since the history of the subject is just over two years and five months, on the whole, consider it good for normal business engagements on secured basis.

COURT CASES: None per our.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.94
UK Pound	1	Rs.71.89
Euro	1	Rs.64.09

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%)

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