MIRA INFORM REPORT

Report Date :

14.03.2011

IDENTIFICATION DETAILS

Name :	PACIFIC COMPANY
Registered Office :	Flat B, 9/F., Dorfu Court, 5-6 Hau Fook Street, Tsimshatsui, Kowloon
Country :	Hong Kong
Date of Incorporation :	11.03.2010
Com. Reg. No.:	51905300-000-03
Legal Form :	Sole Proprietorship
Line of Business :	Importer, Exporter and Wholesaler of all kinds of diamonds and jewellery products, 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 – 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

PACIFIC COMPANY

Company ADDRESS

Flat B, 9/F., Dorfu Court, 5-6 Hau Fook Street, Tsimshatsui, Kowloon, Hong Kong.

PHONE: Not available

FAX: Not available

MANAGEMENT

Manager: Mr. Aashish Jain

SUMMARY

Establishment: 11th March, 2010.

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: Satisfactory.

Company ADDRESS

Head Office:-

Flat B, 9/F., Dorfu Court, 5-6 Hau Fook Street, Tsimshatsui, Kowloon, Hong Kong.

BUSINESS REGISTRATION NUMBER

51905300-000-03

MANAGEMENT

Manager: Mr. Aashish Jain

SOLE PROPRIETOR

Name : Mr. Aashish JAIN

Residential Address :Flat A2, 4/F., Block A, Friend’s House, 4B-6H Carnarvon Road, Tsimshatsui,

Kowloon, Hong Kong.

HISTORY

The subject was established on 11th March, 2010 as a sole proprietorship concern owned by Mr. Aashish Jain under the Hong Kong Business Registration Regulations.

Initially the subject was located at Flat A2, 4/F., Block A, Friend’s House, 4B-6H Carnarvon Road, Tsimshatsui, Kowloon, Hong Kong, moved to the present address in January 2011.

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, etc.

Employees: Nil.

Commodities Imported: India, other Asian countries, etc.

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

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

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

FINANCIAL INFORMATION

Capital: Not disclosed.

Profit or Loss: Too early to offer an opinion.

Condition: Business is under development.

Facilities: Making fairly active use of general banking facilities.

Payment: Met trade commitments as required.

Commercial Morality: Too early to comment.

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

Standing: Small.

GENERAL

Pacific Company is a sole proprietorship set up and owned by Mr. Aashish Jain who is an Indian. He is an India passport holder and does not have the right to reside in Hong Kong permanently.

The subject’s registered address is located at Flat B, 9/F., Dorfu Court, 5‑6 Hau Fook Street, Tsimshatsui, Kowloon, Hong Kong. This office is not in a commercial building but a residential building. It is likely that Jain 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 Jain’s new residential address. The residential building is not trespassed by outsiders.

The subject’s telephone number and fax number have not registered with local telephone company nor listed on telephone directories. It has no employees in Hong Kong.

The subject is a diamond importer, exporter and wholesaler. It is trading in loose diamonds like marquise, pears, tappers, buggets and rose cut diamonds range from 0.05 cts to 0.60 cts. India is its main supplying country. Prime markets are Hong Kong, Japan, other Asian countries, etc. The subject is also a commission agent.

The subject is just a one-man company. The history of the subject in Hong Kong is just over a year.

Since the subject’s registered address is in a private building and does not have any employees, 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.45.21
UK Pound	1	Rs.72.55
Euro	1	Rs.62.43

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%)

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