MIRA INFORM REPORT

Report Date :

20.11.2014

IDENTIFICATION DETAILS

Name :	ANANYAA TRADING
Registered Office :	Flat H, 17/F., Block 2, Royal Peninsula, 8 Hung Lai Road, Hunghom, Kowloon
Country :	Hong Kong
Date of Incorporation :	01.02.2008
Com. Reg. No.:	38938112-000-02
Legal Form :	Sole Proprietorship
LINE OF BUSINESS :	IMPORTER, EXPORTER AND WHOLESALER OF ALL KINDS OF DIAMONDS, GEMSTONES, GOLD AND SILVER PRODUCTS
No of Employees :	01

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 Business
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 – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
Hong Kong	A1	A1

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 has no tariffs on imported goods, and it levies excise duties on only four commodities, whether imported or produced locally: 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, its continued reliance on foreign trade and investment leaves it vulnerable to renewed global financial market volatility or a slowdown in the global economy. 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 12% of total system deposits in Hong Kong by the end of 2013. 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 total trade 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. Credit expansion and tight housing supply conditions have caused Hong Kong property prices to rise rapidly; consumer prices increased by more than 4% in 2013. 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. In 2013, Hong Kong and China signed new agreements under the Closer Economic Partnership Agreement, adopted in 2003 to forge closer ties between Hong Kong and the mainland. The new measures, effective from January 2014, cover services and trade facilitation, and will improve access to the mainland's service sector for Hong Kong-based companies.

Source : CIA

COMPANY NAME & ADDRESS

ANANYAA TRADING

ADDRESS: Flat H, 17/F., Block 2, Royal Peninsula, 8 Hung Lai Road, Hunghom, Kowloon, Hong Kong.

PHONE: 852-3521 0308

MANAGEMENT

Manager: Mr. Sudhakar Keshav Pujari

SUMMARY

Establishment: 1st February, 2008.

Organization: Sole Proprietorship.

Capital: Not disclosed.

Business Category: Gem Trader.

Employee: 1.

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

Banking Relation: Satisfactory.

ADDRESS

Head Office:-

Flat H, 17/F., Block 2, Royal Peninsula, 8 Hung Lai Road, Hunghom, Kowloon, Hong Kong.

BUSINESS REGISTRATION NUMBER

38938112-000-02

MANAGEMENT

Manager: Mr. Sudhakar Keshav Pujari

SOLE PROPRIETOR

Name: Mr. Sudhakar Keshav PUJARI

Residential Address: Flat A, 14/F., Wah Fai Building, 38-40 Granville Road, Tsimshatsui, Kowloon, Hong Kong.

HISTORY

The subject was established on 1st February, 2008 as a sole proprietorship concern owned by Mr. Sudhakar Keshav Pujari under the Hong Kong Business Registration Regulations.

Initially the subject was located at Flat A, 14/F., Wah Fai Building, 38‑40 Granville Road, Tsimshatsui, Kowloon, Hong Kong, moved to the present address in November 2010.

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

OPERATIONS

Activities: Importer, Exporter and Wholesaler.

Lines: All kinds of diamonds, gemstones, gold and silver products

Employee: 1.

Commodities Imported: India, other Asian countries, etc.

Markets: Hong Kong, Japan, other Asian countries, the Middle East, etc.

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

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

FINANCIAL INFORMATION

Capital: Not disclosed.

Profit or Loss: Made a very small profit in the past years.

Condition: Business is fairly active.

Facilities: Making fairly active use of general banking facilities.

Payment: Met trade commitments as contracted.

Commercial Morality: Satisfactory.

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

Standing: Small.

GENERAL

Ananyaa Trading is a sole proprietorship set up and owned by Mr. Sudhakar Keshav Pujari who is an Indian. He is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently.

He has got his Hong Kong ID before setting up the subject. He has been in Hong Kong for a very long time.

The subject commenced business in February 2008. Its registered address is located at Flat H, 17/F., Block 2, Royal Peninsula, 8 Hung Lai Road, Hunghom, Kowloon, Hong Kong. This office is not in a commercial building but a residential building. Pujari has moved to this new address but does not make any amendments on the subject’s registration materials. The subject’s operating address is also Pujari’s residential address. Formerly the subject’s old registered address was the registered residential address of Pujari.

The residential building is not trespassed by outsiders. It has no employees in Hong Kong.

The subject is a gemstone and diamond trader. It is carrying the following semi-precious stones: auamarine, pink amethyst, rubylite, green amethyst, blue topaz, lemon topaz, citrine, smokey topaz, kunzite, peridot, morganite, pink tourmalines, amethyst, pink topaz, garnet, rose quartz.

Commodities are chiefly imported from India, Sri Lanka, Thailand, etc. Prime markets are Hong Kong, China, other Asian countries, Europe, the Middle East, etc. The subject is also a commission agent.

Besides gem stones, the subject also trades in loose, cut and polished diamonds, diamond and jewellery products, gold and silver products. The new product lines were added in August 2011. Its business is just fairly active.

The subject’s business is chiefly handled by Pujari himself. History in Hong Kong is over six years and nine months.

In recent years, the subject’s business in gem and silver products has been increasing.

On the whole, since the registered office of the subject is in a residential building, consider it good for normal business engagements on L/C basis or in very small credit amounts for the time being.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.83
UK Pound	1	Rs.96.56
Euro	1	Rs.77.42

INFORMATION DETAILS

Analysis Done by :	SUB
Report Prepared by :	SMN

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.