MIRA INFORM REPORT

Report Date :

18.05.2011

IDENTIFICATION DETAILS

Name :	LOPEZ DIAMOND CO. LTD.

Registered Office :	Flat D, 5/F., Victoria Mansion, 6-14 Gordon Road, North Point

Country :	Hong Kong

Date of Incorporation :	07.03.1989

Com. Reg. No.:	12720694

Legal Form :	Private Limited Company.

Line of Business :	Importer and Exporter of Loose diamond trader.

RATING & COMMENTS

MIRA’s Rating :

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

Status :	Small Company
Payment Behaviour :	Usually Correct
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

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

Bottom of Form

Company name

LOPEZ DIAMOND CO. LTD.

Company ADDRESS

Flat D, 5/F., Victoria Mansion, 6-14 Gordon Road, North Point, Hong Kong.

PHONE: Not available

FAX: Not available

MANAGEMENT

Managing Director: Mr. Sia Kwok Ka, Charles

SUMMARY

Incorporated on: 7th March, 1989.

Organization: Private Limited Company.

Capital: Nominal: HK$10,000.00

Issued: HK$3.00

Business Category: Diamond Trader.

Employees: Nil.

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

Banking Relation: Satisfactory.

Company ADDRESS

Registered Head Office:-

Flat D, 5/F., Victoria Mansion, 6-14 Gordon Road, North Point, Hong Kong.

BUSINESS REGISTRATION NUMBER

12720694

COMPANY FILE NUMBER

0244636

MANAGEMENT

Managing Director: Mr. Sia Kwok Ka, Charles

CAPITAL

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

Issued Share Capital: HK$3.00

SHAREHOLDERS

(As per registry dated 07-03-2011)

Name		No. of shares
SIA Kwok Ka, Charles		1
Elesio O. LOPEZ		2
		––
	Total:	3 =

DIRECTORS

(As per registry dated 07-03-2011)

Name

(Nationality)

Address

SIA Kwok Ka, Charles

Flat D, 5/F., Victoria Mansion, 6-14 Gordon Road, North Point, Hong Kong.

Elesio O. LOPEZ

Flat D, 5/F., Victoria Mansion, 6-14 Gordon Road, North Point, Hong Kong.

SECRETARY

(As per registry dated 07-03-2011)

Name	Address
SZETO Sui Yee, Stella	Flat D, 5/F., Victoria Mansion, 6-14 Gordon Road, North Point, Hong Kong.

HISTORY

The subject was incorporated on 7th March, 1989 as a private limited liability company under the Hong Kong Companies Ordinance.

Originally the subject was registered under the name of Covitex Ltd., name changed to the present style on 27th October, 1989.

The subject moved to the present address in October 2006.

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

OPERATIONS

Activities: Importer and Exporter.

Lines: Loose diamond trader.

Employees: Nil.

Commodities Imported: India, Israel, Belgium, etc.

Markets: Europe, US, Asian countries, etc.

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

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

FINANCIAL INFORMATION

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

Issued Share Capital: HK$3.00

Profit or Loss: Making a small profit every year.

Condition: Keeping in a satisfactory manner.

Facilities: Making active use of general banking facilities.

Payment: Met trade commitments as required.

Commercial Morality: Satisfactory.

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

Standing: Small.

GENERAL

Having issued 3 ordinary shares of HK$1.00 each, Lopez Diamond Co. Ltd. is jointly owned by Charles Sia Kwok Ka, holding one share; and Ms. Elesio O. Lopez, holding two shares. They are also directors of the subject. The latter is a Philippines passport holder. The subject is named after Elesio O. Lopez.

The subject does not have its own operating office. Its registered and operating address is in the residence of the shareholders.

The subject’s telephone number and fax number have not registered with local telephone company nor listed on telephone directories.

The subject has no employees in Hong Kong.

The subject has set up a subsidiary known as Diamant Ltd. [Diamant]. However, Diamant has not registered with the Companies Registry of Hong Kong. It is likely that Diamant is in the Philippines. Diamant was formed to cater to the high-end fine jewellery market and is a loose diamond and jewellery design studio specialized in GIA and EGL certified diamonds.

The subject a supplier of loose diamonds serving wholesale customers exclusively. All diamonds are sourced directly from cutting centres in Israel, Belgium, and India. Export markets include Europe, the United States, and Asia.

The subject has got an associated company bearing the same name in the Philippines. It also has had an office in Canada.

As the history of the subject is over twenty-two years in Hong Kong, on the whole, consider it good for normal business engagements in small credit amount.

COURT CASES: None per our.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.07
UK Pound	1	Rs.63.57
Euro	1	Rs.72.97

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