MIRA INFORM REPORT

Report Date :

29.12.2014

IDENTIFICATION DETAILS

Name :	VIVI JEWELRY

Registered Office :	Room 03A, Blk 2, 10/F., Harbour Centre, 8 Hok Cheung Street, Hunghom, Kowloon

Country :	Hong Kong

Date of Incorporation :	01.11.1997

Legal Form :	Sole Proprietorship Concern

Line of Business :	Not Available [We tried to confirm / obtain the detailed activity but the same is not available from any sources.]

No of Employees :	Not Available [We tried to confirm the number of employees but no one is ready to part any information from the concern management.]

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
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 – September 30, 2014

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

Hong Kong

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

Contact Points

Concern Name:	Vivi Jewelry
Supplied Name:	VIVI JEWELRY
Supplied Address:	ROOM 03A, BLOCK 2, 10/F, HARBOUR CENTER, 8HOK CHEUNG STREET, HUNGHOM KOWLOON HONGKONG.

Note: The supplied address belongs to a concern called “Wong Tai (HK) Co.”

Credit Summary

Credit Opinion:

Since we didn’t find subject in Hong Kong, caution should be exercised.

Special Note

We made an on-site visit according to the supplied address and did not find subject.

The concern’s (Wong Tai (HK) Co.) relevant staff based on the supplied address introduced that he didn’t know subject.

We cannot find subject’s any operation information or valid contact information in Hong Kong through public files according to supplied name and address.

Up to the date of report, we failed to find subject in Hong Kong, if you kindly supply further information such as current telephone number, we’d like to continue our investigation.

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

Concern Identification Details

Registered Name:	Vivi Jewelry
Registered Address:	Room 03A, Blk 2, 10/F., Harbour Centre, 8 Hok Cheung Street, Hunghom, Kowloon, Hong Kong
Date of Registration:	1997-11-1
Business Registration No.:	21337339
Registered Capital:	N/A
Legal Form:	Sole Proprietorship
Principal Activities:	N/A
Staff:	N/A
Listed at Stock Exchange:	No
Date of Last Annual Return:	--

Note: It is not required for Sole Proprietorship Concern to register capital in Hong Kong.

Since we didn’t find subject, the principal activities and staff number are not available from any sources.

History

Subject was incorporated on 1997-11-1 with the business registration no. 21337339 as Sole Proprietorship Concern in Hong Kong.

Corporate Structure

Subject did not register any subsidiaries or branches, from other source we can not obtain the relevant information, either.

Owner

Name:	Kunt, Parnkajkumar Vitthal
Address:	Blk A, 6/F., Boyip Bldg, 6 Ashley Road, T.S.T., Kowloon, Hong Kong
ID Number:	P7430535
Incoming Date:	1997-11-1

Operation Information

Offices & Factories

We cannot confirm subject current trading address at this stage.

Operation Information

Registered files show subject is a trader of diamonds, jeweler, gold, silver and gems, etc

Since we didn’t find subject, the relevant information cannot be confirmed by any other sources.

Financial Information

The subject has no obligation to supply its financial statement to the third party according to the relevant policy in Hong Kong and the only source from which we can obtain the information is the subject itself.

Since we didn’t get in touch with subject, the financial information is not available from any sources.

Bankers

Since we didn’t contact subject successfully, the bank information is not available from any sources.

Public

Mortgage Record

No mortgage record of subject was found.

Lawsuits

Up to now, no present or latent litigation of the subject has been found.

High Court Action:	Clear
High Court Baukufty Bankruptcy Proceedings:	Clear
High Court Commercial Action:	Clear
High Court Construction & Arbitration Proceedings:	Clear
High Court Companies Winding-Up:	Clear

Attachment

Blk 2, Harbour Centre, 8 Hok Cheung Street, Hunghom, Kowloon, Hong Kong

Room 03A, Blk 2, 10/F., Harbour Centre, 8 Hok Cheung Street, Hunghom, Kowloon, Hong Kong

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.64
UK Pound	1	Rs.98.98
Euro	1	Rs.77.74

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	MNL

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.