Soak saffron strands in hot milk. Cook rice in boiling water for 5 min and drain. Melt ghee in a pan, saute rice, cardamom and Cinnamon for 3 min. Add cold milk, stir briskly, cover and cook over low heat, until rice is fully cooked.
Add sugar, cream, and saffron milk, and cover for a minute. Spoon into serving dish and garnish with almonds, walnuts and raisins.