MIRA INFORM REPORT

Report Date :

23.05.2012

IDENTIFICATION DETAILS

Name :	RGI LTD.
Registered Office :	Room 1107, 11/F., Hart Avenue Plaza, 5-9 Hart Avenue, Tsimshatsui, Kowloon
Country :	Hong Kong
Date of Incorporation :	08.12.2009
Com. Reg. No.:	51520528
Legal Form :	Private Limited Company
LINE OF BUSINESS :	IMPORTER, EXPORTER AND WHOLESALER OF EMERALDS, PRECIOUS STONES, ETC.
No. of Employees :	2.

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 :	No Complaints
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, 2012

Country Name	Previous Rating (31.12.2011)	Current Rating (31.03.2012)
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 and address

RGI LTD.

ADDRESS: Room 1107, 11/F., Hart Avenue Plaza, 5-9 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong.

PHONE: 2702 9694

FAX: 2702 9729

MANAGEMENT

Managing Director: Mr. Deepak Babulal Jogani

SUMMARY

Incorporated on: 8th December, 2009.

Organization: Private Limited Company.

Capital: Nominal: HK$10,000.00

Issued: HK$10,000.00

Business Category: Importer, Exporter and Wholesaler.

Employees: 2.

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

Banking Relation: Satisfactory.

ADDRESS

Registered Head Office:-

Room 1107, 11/F., Hart Avenue Plaza, 5-9 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong.

Associated Company:-

Real Gems Inc., USA.

BUSINESS REGISTRATION NUMBER

51520528

COMPANY FILE NUMBER

1399286

MANAGEMENT

Managing Director: Mr. Deepak Babulal Jogani

Contact Person: Mr. Gaurav Shah

CAPITAL

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

Issued Share Capital: HK$10,000.00

SHAREHOLDER

(As per registry dated 08-12-2011)

Name	No. of shares
Deepak Babulal JOGANI	10,000 =====

DIRECTOR

(As per registry dated 08-12-2011)

Name (Nationality)	Address
Deepak Babulal JOGANI	202, Anmol:95 Bhulabhai Desai Oomer-park, Mumbai‑400 036, India.

SECRETARY

(As per registry dated 08-12-2011)

Name	Address	Co. No.
Louis Lai Company Secretarial Services Ltd.	9/F., Surson Commercial Building, 140-142 Austin Road, Tsimshatsui, Kowloon, Hong Kong.	0686503

HISTORY

The subject was incorporated on 8th December, 2009 as a private limited liability company under the Hong Kong Companies Ordinance.

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

OPERATIONS

Activities: Importer, Exporter and Wholesaler.

Lines: Emeralds, precious stones, etc.

Brand Name: RGI.

Employees: 2.

Commodities Imported: India, other Asian countries, etc.

Markets: Hong Kong, China, other Asian countries, North America, etc.

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

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

FINANCIAL INFORMATION

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

Issued Share Capital: HK$10,000.00

Profit or Loss: Keeping a balance account in Hong Kong.

Condition: Business is improving.

Facilities: Making fairly 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 10,000 ordinary shares of HK$1.00 each, RGI Ltd. is wholly owned by Mr. Deepak Babulal Jogani. He is an India passport holder and does not have the right to reside in Hong Kong permanently. He is also the only director of the subject.

Incorporated in December 2009, the subject is a precious stone trader. It has had an associated company Real Gems Inc. [Real Gems] which is in the United States.

Founded in 1975 by Dr. Rajnikant Shah and Mr. Kumar Pal Shah, Real Gems has become the leading source for emeralds. It has pioneered the emerald rough business and was one of the first to introduce calibrated stones to the New York area. After growing from a two-person business, Real Gems currently operates in over five countries around the globe.

Today, although Real Gems possesses the ability to supply any shape, size or volume to almost anywhere in the world, it continues to hold firmly to the same family trust and reputation that helped form the company. It believes that the growth of its business depends on the relationships and trust it has established over the past years.

Real Gems has established itself as a leading supplier of rough emeralds that are sourced from all the major mining centres of the world. As one of the first companies to introduce Brazilian rough emeralds for calibration to India, Real Gems is a pioneer in the colour stone industry that has developed strong relationships with mining companies in Brazil, Colombia and Africa. These relationships and its over 25 years of experience ensure the quality of its product and the trust of its name.

In order to penetrate the international market further, Real Gems has taken part in fairs and exhibitions held in Hong Kong and other foreign large cities. For instance, it is going to take part in “HKTDC Hong Kong International Jewellery Show 2013” which will be held in Hong Kong Convention and Exhibition Centre, Wanchai, Hong Kong during the period of 5th to 9th March, 2013.

The subject has set up a representative office in Shenzhen Special Economic Zone, China.

The contact person of the subject Mr. Gaurav Shah is also an Indian. The subject’s business is improving. History in Hong Kong is just over two years and five months.

On the whole, since the history of the subject is short in Hong Kong, consider it good for normal business engagements on L/C basis.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.88
UK Pound	1	Rs.86.84
Euro	1	Rs.70.21

INFORMATION DETAILS

Report Prepared by :

PRL

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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