MIRA INFORM REPORT

Report Date :

13.05.2011

IDENTIFICATION DETAILS

Name :	PRIME GEMS (S) PTE LTD

Formerly Known As :	Alwan Trading (S) Pte Ltd

Registered Office :	61 Meyer Road #05-05 Atria At Meyer, The Singapore 437885

Country :	Singapore

Date of Incorporation :	12.10.1989

Com. Reg. No.:	198904472E

Legal Form :	Limited Exempt Private Company

Line of Business :	General Wholesale Trade

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Poor
Payment Behaviour :	Unknown
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)

Singapore

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

Contact Points

Company Name:	Prime Gems (S) Pte Ltd
Supplied Name:	Prime Gems (S) Pte Ltd
Supplied Address:	114-A Arthur Road 04-07 Katong Park Towers, 439826, Singapore

Credit Summary

Credit Rating:	N/A
Credit Opinion:	Since we did not get in touch with subject, in view of the absence of information about subject’s financial status, caution should be exercised.

Special Notes

We tried to contact subject through the phone number +65-6333-8652 obtained from public files, no one answered the phone, we have tried for several times, while the results act as the same.

An E-mail has been sent to primegem@starhub.net.sg, but no reply has been received, yet.

No other valid contact information was found from public files according to the supplied name or address.

Subject’s principal activities in the registration files are as follows, but the information is not confirmed.

46900

General Wholesale Trade (Including General Importers And Exporters)

82991

Including Auction-Sale For Jewellery, Gems, Diamonds And Other Accessories

Up to the date of reporting, we did not get in touch with subject, we will update the report if anything new returned.

We found the registration information of subject from local registry, supplying as follows for reference.

Company Identification Details

Registered Name:	Prime Gems (S) Pte Ltd
Registered Address:	61 Meyer Road #05-05 Atria At Meyer, The Singapore 437885
Date of Registration::	1989-10-12
Registered Number:	198904472E
Country of Incorporation:	Singapore
Registered Capital:	SGD 500,000 (USD 406,800) (As of 2011.05, 1 SGD = 0.8136 USD)
Paid-up Capital:	SGD 500,000 (USD 406,800) = 500,000 Shares@1 SGD
Legal Form:	Limited Exempt Private Company
Principal Activities:	46900--General Wholesale Trade (Including General Importers And Exporters) 82991--Including Auction-Sale For Jewellery, Gems, Diamonds And Other Accessories
Staff:	N/A
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	2010-3-3

History

Subject was incorporated on 1989-10-12 with registered number 198904472E as Limited Exempt Private Company in Singapore.

Change of Name:

Date	Change
1989-10-12	Alwan Trading (S) Pte Ltd
1992-4-27	Prime Gems (S) Pte Ltd

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
Shtya Prakas S/O Kanhaiya Lal	50,000	10%
Patel Narshibhai Hemchandbhai	250,000	50%
Vora Bindu Narshin	200,000	40%
Total	500,000	100%

Major Shareholder Information:

1
Name:	Shtya Prakas S/O Kanhaiya Lal
ID Number:	S1502657Z
Address:	672B Klang Lane #05-81 Singapore 212672
2
Name:	Patel Narshibhai Hemchandbhai
ID Number:	S2756975G
Address:	61 Meyer Road #05-05 Atria At Meyer, The Singapore 437885
3
Name:	Vora Bindu Narshin
ID Number:	S2756977C
Address:	61 Meyer Road #05-05 Atria At Meyer, The Singapore 437885

Subsidiaries & Branches

We can not confirm whether subject has subsidiaries or branches.

Manage Information

Core Management

Detailed Information of Management:

1
Name:	Patel Narshibhai Hemchandbhai
Position:	Director
ID Number:	S2756975G
Address:	61 Meyer Road #05-05 Atria At Meyer, The Singapore 437885
Nationality:	Singapore P.R.
Date of Appointment:	1997-9-4
2
Name:	Patel Narshibhai Hemchandbhai
Position:	Managing Director
ID Number:	S2756975G
Address:	61 Meyer Road #05-05 Atria At Meyer, The Singapore 437885
Nationality:	Singapore P.R.
Date of Appointment:	2003-11-20
3
Name:	Vora Bindu Narshin
Position:	Director
ID Number:	S2756977C
Address:	61 Meyer Road #05-05 Atria At Meyer, The Singapore 437885
Nationality:	Singapore P.R.
Date of Appointment:	1992-4-24

Operation Information

Subject’s principal activities in the registration files are as follows, but the information is not confirmed.

46900--

General Wholesale Trade (Including General Importers And Exporters)

82991

Including Auction-Sale For Jewellery, Gems, Diamonds And Other Accessories

Financial Information

Subject has no obligations to disclose its financial statements to the third party according to the relevant policy in Singapore and the only source from which we can obtain the information is the subject it self.

Since we did not get in touch with subject, the financials are not available.

Bankers

Information on bank details is not available from subject or other sources.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.79
UK Pound	1	Rs.73.19
Euro	1	Rs.63.59

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.