MIRA INFORM REPORT

Report Date :

12.05.2011

IDENTIFICATION DETAILS

Name :	MEGA STAR

Registered Office :	Room 705, 7/F., Block A, Hankow Centre, 47 Peking Road, Tsimshatsui, Kowloon

Country :	Hong Kong

Date of Incorporation :	26.02.2001

Com. Reg. No.:	31602180-000-02

Legal Form :	Sole Proprietorship

Line of Business :	subject was a diamond and gem importer, exporter and commission agent

RATING & COMMENTS

MIRA’s Rating :

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

Status :	Ceased Business

Payment Behaviour :	-----

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

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name

MEGA STAR

Company ADDRESS

Registered Office:-

Room 705, 7/F., Block A, Hankow Centre, 47 Peking Road, Tsimshatsui, Kowloon, Hong Kong.

BUSINESS REGISTRATION NUMBER

31602180-000-02

ESTABLISHMENT

26th February, 2001.

SOLE PROPRIETOR

Name: Mr. Shahul Hameed MOHAMED ASMATHULLA KHAN

Residential Address: Room 705, 7/F., Block A, Hankow Centre, 47 Peking Road, Tsimshatsui, Kowloon, Hong

Kong.

GENERAL

Please be advised that Mega Star has ceased business formally since 31st May, 2009.

The subject was established on 26th February, 2001 as a sole proprietorship owned by Mr. Shahul Hameed Mohamed Asmathulla Khan under the Hong Kong Business Registration Regulations.

Before cessation, the subject was located at Room 705, 7/F., Block A, Hankow Centre, 47 Peking Road, Tsimshatsui, Kowloon, Hong Kong where is your given address.

The subject’s sole proprietor Mohamed Asmathulla Khan is an Indian. He is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently.

The subject was a diamond and gem importer, exporter and commission agent. It was also engaged in remittance business. Main commodities loose, cut and polished diamonds were imported from India. Finished products and polished diamonds were marketed in Hong Kong or exported to Japan, India and other Asian countries. Business was not active.

The subject’s business was chiefly handled by Mohamed Asmathulla Khan himself.

The subject got an affiliated company Bright Impex located at its operating address. Bright Impex is also a diamond trader which was established on 27th July, 1993. It is owned and operated by Mr. Shahul Hameed Shaik Kamal who is also an Indian.

Since the subject has ceased business, consider it not suitable for any business engagements.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.69
UK Pound	1	Rs.73.12
Euro	1	Rs.64.39

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