MIRA INFORM REPORT

Report Date :

06.11.2013

IDENTIFICATION DETAILS

Name :	PYRAMIN (HK) CO. LTD.
Registered Office :	Flat B, 8/F., Valiant Commercial Building, 22-24 Prat Avenue, Tsimshatsui, Kowloon
Country :	Hong Kong
Date of Incorporation :	30.10.2009
Com. Reg. No.:	51303788
Legal Form :	Private Limited Liability Company
Line of Business :	Diamond & Gemstone Trader of all kinds of diamonds and precious stones
No. of Employees :	3

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
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, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
Hong Kong	A2	A2

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

HONG KONG - ECONOMIC OVERVIEW

Hong Kong has a free market economy, highly dependent on international trade and finance - the value of goods and services trade, including the sizable share of re-exports, is about four times GDP. Hong Kong levies excise duties on only four commodities, namely: hard alcohol, tobacco, hydrocarbon oil, and methyl alcohol. There are no quotas or dumping laws. Hong Kong's open economy left it exposed to the global economic slowdown that began in 2008. Although increasing integration with China, through trade, tourism, and financial links, helped it to make an initial recovery more quickly than many observers anticipated, it again faces a possible slowdown as exports to the Euro zone and US slump. The Hong Kong government is promoting the Special Administrative Region (SAR) as the site for Chinese renminbi (RMB) internationalization. Hong Kong residents are allowed to establish RMB-denominated savings accounts; RMB-denominated corporate and Chinese government bonds have been issued in Hong Kong; and RMB trade settlement is allowed. The territory far exceeded the RMB conversion quota set by Beijing for trade settlements in 2010 due to the growth of earnings from exports to the mainland. RMB deposits grew to roughly 9.1% of total system deposits in Hong Kong by the end of 2012, an increase of 59% from the previous year. The government is pursuing efforts to introduce additional use of RMB in Hong Kong financial markets and is seeking to expand the RMB quota. The mainland has long been Hong Kong's largest trading partner, accounting for about half of Hong Kong's exports by value. Hong Kong's natural resources are limited, and food and raw materials must be imported. As a result of China's easing of travel restrictions, the number of mainland tourists to the territory has surged from 4.5 million in 2001 to 34.9 million in 2012, outnumbering visitors from all other countries combined. Hong Kong has also established itself as the premier stock market for Chinese firms seeking to list abroad. In 2012 mainland Chinese companies constituted about 46.6% of the firms listed on the Hong Kong Stock Exchange and accounted for about 57.4% of the Exchange's market capitalization. During the past decade, as Hong Kong's manufacturing industry moved to the mainland, its service industry has grown rapidly. Growth slowed to 5% in 2011, and less than 2% in 2012. Credit expansion and tight housing supply conditions caused Hong Kong property prices to rise rapidly and inflation to rise 4.1% in 2012. Lower and middle income segments of the population are increasingly unable to afford adequate housing. Hong Kong continues to link its currency closely to the US dollar, maintaining an arrangement established in 1983

Source : CIA

Company name

PYRAMIN (HK) CO. LTD.

Company ADDRESS

Flat B, 8/F., Valiant Commercial Building, 22-24 Prat Avenue, Tsimshatsui, Kowloon, Hong Kong.

PHONE: 852-2364 1122

FAX: 852-2364 1922

MANAGEMENT

Managing Director: Mr. Rajesh Golchha

SUMMARY

Incorporated on: 20th October, 2009.

Organization: Private Limited Company.

Capital: Nominal: HK$1,500,000.00

Issued: HK$1,500,000.00

Business Category: Diamond & Gemstone Trader.

Employees: 3.

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

Banking Relation: Satisfactory.

Company name

PYRAMIN (HK) CO. LTD.

Company ADDRESS

Registered Head Office:-

Flat B, 8/F., Valiant Commercial Building, 22-24 Prat Avenue, Tsimshatsui, Kowloon, Hong Kong.

Associated Company:-

Purity (H.K.) Co. Ltd.

Unit 807, 8/F., Multifield Plaza, 3-7A Prat Avenue, Tsimshatsui, Kowloon, Hong Kong.

[Tel: 852-2739 1233, Fax: 852-2739 1033]

BUSINESS REGISTRATION NUMBER

51303788

COMPANY FILE NUMBER

1382942

MANAGEMENT

Managing Director: Mr. Rajesh Golchha

CAPITAL

Nominal Share Capital: HK$1,500,000.00 (Divided into 1,500,000 shares of HK$1.00 each)

Issued Share Capital: HK$1,500,000.00

SHAREHOLDER

(As per registry dated 20-10-2012)

Name	No. of shares
Rajesh GOLCHHA	1,500,000 =======

DIRECTOR

(As per registry dated 20-10-2012)

Name (Nationality)	Address
Rajesh GOLCHHA	Unit 10B, 10/F., Wing Lok House, 14-16 Peking Road, Tsimshatsui, Kowloon, Hong Kong.

SECRETARY

(As per registry dated 20-10-2012)

Name	Address	Co. No.
Hashmi Secretarial Services Ltd.	Unit B, 3/F., Chun Wah Commercial Building, 30 Minden Avenue, Tsimshatsui, Kowloon, Hong Kong.	0770656

HISTORY

The subject was incorporated on 20th October, 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: Diamond & Gemstone Trader.

Lines: All kinds of diamonds and precious stones.

Employees: 3.

Commodities Imported: India, other Asian countries, Belgium, etc.

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

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

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

FINANCIAL INFORMATION

Nominal Share Capital: HK$1,500,000.00 (Divided into 1,500,000 shares of HK$1.00 each)

Issued Share Capital: HK$1,500,000.00

Profit or Loss: Made small profits in 2011 and 2012.

Condition: Keeping in normal manner.

Facilities: Making rather active use of general banking facilities.

Payment: Met obligations as contracted.

Commercial Morality: Satisfactory.

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

Standing: Normal.

GENERAL

Having issued 1.5 million ordinary shares of HK$1.00 each, Pyramid (HK) Co. Ltd. is wholly owned by Mr. Rajesh Golchha who is an Indian. He is also the managing director of the subject. He is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently. Currently he is residing in Hong Kong.

The subject is a precious stone and diamond trader. It has had an associated company in Hong Kong known as Purity (H.K.) Co. Ltd. [Purity] which is a Hong Kong-registered company. Rajesh Golchha is one of the directors and shareholders of Purity. Currently, Purity is located at a different address.

The subject and Purity are engaged in the same lines of business, more or less.

The subject is a polished and cut diamond importer, exporter and wholesaler. It also trades in precious stones. Its main products are the followings:-

Red tourmaline, pink tourmaline, green tourmaline, blue tanzanite, faceted tanzanite, and natural tsevo stones, tsavorite stone, tanzanite stone, etc.

It also trades in the following products: emerald, ruby, sapphire, aqumarine, taurmaline amythist blue topaz, and the other coloured stones.

Polished and cut diamonds are imported from India, Belgium, other European countries, etc. However, India is the subject’s main supplying country. Finished products and polished diamonds are marketed in Hong Kong, exported to Japan and the other Asian countries. Business keeps on improving.

The subject is able to manufacture all kinds of jewellery products according to the requirements of its customer.

Mr. Rajesh Golchha is the contact person of the subject. The subject business was profitable in the past two years.

On the whole, since the history of the subject is over four years, consider it good for normal business engagements in small credit amounts.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.78
UK Pound	1	Rs.98.65
Euro	1	Rs.83.41

INFORMATION DETAILS

Report Prepared by :

PDT

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.