MIRA INFORM REPORT

Report Date :

10.07.2007

IDENTIFICATION DETAILS

Name :	ROSYBLUE (INDIA) PRIVATE LIMITED
Formerly known as :	EVEREST GEMS PRIVATE LIMITED
Registered Office :	1608/ 09, Prasad Chambers, Opera House, Mumbai – 400 004, Maharashtra, India.
Country :	India
Financials (as on) :	31.03.2006
Date of Incorporation :	01.04.1998
Com. Reg. No.:	11-114312
CIN No.: [Company Identification No.]	U36911MH1998PTC114312
TAN No.: [Tax Deduction & Collection Account No.]	MUMR13201G
Legal Form :	A Private Limited Liability Company
Line of Business :	Manufacturing and Distribution of Diamonds Jewellery

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

Maximum Credit Limit :	USD11000000
Status :	Good
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is one of the leading diamond trader and manufacturer. It is a sight holder from DTC. Directors are wealthy and respectable. Financial position is satisfactory. Trade relations are fair. Payments are correct and as per commitments. The company can be considered good for normal business dealings at usual trade terms and conditions.

LOCATIONS

Registered Office :	1608/ 09, Prasad Chambers, Opera House, Mumbai – 400 004, Maharashtra, India.
Tel. No.:	91-22-23697969
Fax No.:	91-22-23630248
E-Mail :	mumbai@rosyblue.com, ramesh.panchmatia@rosyblue.com
Website:	http://www.rosyblue.com
Factory:	101-B, Vijay Chambers, Near City Post Office, Bhaga Talao, Surat, Gujarat.
Other Offices :	Armenia Email: armenia@rosyblue.com China Email: shanghai@rosyblue.com Luxembourg Email:luxembourg@rosyblue.com Russia Email: moscow@rosyblue.com Sri Lanka Email: colombo@rosyblue.com Switzerland Email: geneva@rosyblue.com Thailand Email: phitsanulok@rosyblue.com

DIRECTORS

Name :	Mr. Mehta R Arunkumar
Designation :	Director
Address :	25/ B, Chiff Co Operative Housing Society, Ridge Road, Mumbai – 400 006, Maharashtra, India.
Date of Birth/Age :	09.01.1940
Date of Appointment :	01.04.1998
Name :	Mr. Bhansali K Bhanusankar
Designation :	Director
Address :	34 Gitanjali, 73/75 Walkeshwar Road, Mumbai – 400 006, Maharashtra, India.
Date of Birth/Age :	25.01.1933
Date of Appointment :	01.04.1998
Name :	Mr. Mehta R Harshadkumar
Designation :	Director
Address :	91 Vijaydeep, 31 Ridge Road, Mumbai – 400 006, Maharashtra, India.
Date of Birth/Age :	15.08.1947
Date of Appointment :	01.04.1998
Name :	Mr. Mehta A Russell
Designation :	Director
Address :	25/ B, Chiff Co Operative Housing Society, Ridge Road, Mumbai – 400 006, Maharashtra, India.
Date of Birth/Age :	06.12.1961
Date of Appointment :	03.10.1998
Name :	Mr. Jhaveri R Rajiv
Designation :	Director
Address :	402 Citadel Building, L D Ruparel Marg, Mumbai – 400 006, Maharashtra, India.
Date of Birth/Age :	12.04.1956
Date of Appointment :	03.10.1998
Name :	Mr. Mehta H Rihen
Designation :	Director
Address :	91 Vijaydeep, 31 Ridge Road, Mumbai – 400 006, Maharashtra, India.
Date of Birth/Age :	02.10.1981
Date of Appointment :	15.11.2002
Name :	Mr. Panchmatia G Ramesh
Designation :	Secretary
Address :	9 Alexandra Gahdevi, Mumbai – 400 006, Maharashtra, India.
Date of Birth/Age :	21.01.1941
Date of Appointment :	20.12.2001
Date of Ceasing :	01.08.2005
Name :	Mr. Thakkar L Kanaiya
Designation :	Secretary
Address :	D/4, 564 Sector No. 5, Charkop, Kandivali (West), Mumbai – 400 067, Maharashtra, India.
Date of Birth/Age :	09.11.1968
Date of Appointment :	01.08.2005
Name :	Mr. Ramniklal R Mehta
Designation :	Director
Name :	Mrs. Rajnika A Mehta
Designation :	Director
Name :	Mrs. Veena Bhansali
Designation :	Director
Name :	Mrs. Mona R Mehta
Designation :	Director
Name :	Mr. Bhansali K Bhanuchandra
Designation :	Director
Address :	34 Gitanjali, 73/75 Walkeshwar Road, Mumbai – 400 006, Maharashtra, India.
Date of Birth/Age :	01.01.1933
Date of Appointment :	01.04.1998

MAJOR SHAREHOLDERS

Names of Shareholders	No. of Shares
Mehta R Arunkumar	1250
Bhansali K Bhanusankar	1250
Mehta R Harshad	1250
Arunkumar Ramnikal Mehta (HUF)	3928856
Bhanuchandar Keshavial Bhansali (HUF) Veena Bhanuchandar Bhansali	3913379
Ramniklal Rajmal Mehta (HUF) Arunkumar Ramnikal Mehta	3875000
Harshadkumar Ramnikal Mehta Naina Harshad Mehta	4742370
Rajnika Arunkumar Mehta Arunkumar Ramniklal Mehta	3579226
Veena Bhanuchandar Bhansali Bhanuchandar Keshavial Bhansali	3595132
Mona Russell Mehta Russell Arunkumar Mehta	2262158
Arunkumar Ramniklal Mehta Rajnika Arunkumar Mehta	328835
Russell Arunkumar Mehta Mona Russell Mehta	493208
Bhanuchandar Keshavial Bhansali Veena Bhanuchandar Bhansali	181890
Amit Bhanuchandar Bhansali Rupa Amit Bhansali	250000
Naina Harshadkumar Mehta Harshadkumar Ramniklal Mehta	55320
Arunkumar Ramnikalal Mehta Harshadkumar R. Mehta	87500
Harshadkumar Ramniklal Mehta Russell Arunkumar Mehta	223140
Bharat Ishwarial Patel Geeta Bharat Patel	60000
Russell A. Mehta	1250
Priti H Mehta	1250
Amit B. Bhansali	1250
Geeta Bharat Patel Bharat Ishwarial Patel	1250
Master Viraj Russell Mehta Russell Arunkumar Mehta	37220
Harshadkumar Ramniklal Mehta Russell Arunkumar Mehta	1139500
Alpa Nishit Kothari Nishit Pravin Kothari	32274
Harshadkumar Ramniklal Mehta (HUF)	2144805
Ramniklal Rajmal Mehta (HUF) Harshadkumar R Mehta Russell Arunkumar Mehta	151800
Harshadkumar R Mehta Russell Arunkumar Mehta	35640
Dilip Ramniklal Mehta	19668
Rupa Amit Bhansali Amit Bhanuchandra Bhansali	19668
Rajiv Ramniklal Jhaveri Shaila Rajiv Jhaveri	104742
Shaila Rajiv Jhaveri Rajiv Ramniklal Jhaveri	35640
Nina Shreyesh Jhaveri Shreyesh Ramniklal Jhaveri	10032
Rihen Harshadkumar Mehta Harshadkumar Ramniklal Mehta	35640
Dia-Blue Investments Limited	495000
Harshadkumar Ramniklal Mehta Russell Arunkumar Mehta	1250
Russell Arunkumar Mehta Harshadkumar Ramniklal Mehta	500
Russell Arunkumar Mehta Mona Russell Mehta	719269
Mona Russell Mehta Russell Arunkumar Mehta	1303993
Rajiv Ramniklal Jhaveri Shaila rajiv Jhaveri	1819753
TOTAL:	35687408

As on 31.03.2006

Names of Shareholders	Percentage of holding
Foreign holdings	2.30
Directors or their relatives	97.70
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing and Distribution of Diamonds Jewellery

Products :

	ITC Code No.
Diamonds	71.02

GENERAL INFORMATION

No. of Employees :

4000

Bankers :

v ABN Amro Bank N.V., 7^th Floor, Sakhar Bhavan, Nariman Point, Mumbai-400021, Maharashtra, India

v Bank of India

v State Bank of India

v State Bank of Hyderabad

v Corporation Bank

v H.D.F.C Bank Limited

v Oriental Bank of Commerce

v Antwerp Diamond Bank

v ING Vysya Bank Limited

v ICICI Bank Limited

Facilities :

Secured Loan	Amount (in Millions)
From Banks:
Working Capital Facilities:
Export Packing Credit	2318.060
Export Post Shipment Credit	2098.258
(The above loans are secured by joint equitable mortgage of office premises situated at Prasad Chambers, Mehta Mahal [Office Premises of Subsidiary Companies], Factory Premises at Goregaon, Kandivali and Pithampur and lien on deposit with Bharat Diamond Bourse, hypothecation of movable assets, stocks and book debts and guarantee by all the Directors & some of Shareholders of the company and a firm in which directors are invested and certain subsidiary companies.s)
Vehicle Loan: (Secured against the hypothecation of vehicle finance there against)	10.484
Unsecured Loan:
From Directors	309.601
From Share Holders	22.408
From Others	78.814
TOTAL:	4837.625

Banking Relations :	Satisfactory
Auditors :	M. M. Nissim And Company
Qualification:	Chartered Accountant
Address:	Barodawala Mansion, B Wing, 3^rd Floor, 81, Dr. Annie Besant Road, Worli, Mumbai – 400 018.
Tel. No.:	91-24949991
Fax No.:	91-24949995
E-Mail :	mail@mmnissim.com
Website:	www.mmnissin.com
Subsidiaries :	v Devmiti Finvestrade Private Limited v Krishanu Finlease Private Limited v Tinsel Properties Private Limited v A. A. Jewellery Private Limited v Conwood Apartment & Resorts Private Limited
Associates:	v Intergold India Private Limited v Intergold Gems Private Limited v International Gold Company Limited v Josh Diamonds Private Limited v Inter Carat Jewellery Private Limited v Ocean Crown Diamonds Private Limited v Cheay Investments Private Limited v B. Arunkumar & Company v Blue Rose Enterprise v S. rajiv Manufacturing Company v H. Dipak & Company v Nidhi Manufacturing Company v Sanjay Sales Corporation v R. Mukesh & Company v Aditi Manufacturing Company v Ashesh Brothers v Shah Mehta Holding Private Limited v Almaz Luxury Liners Private Limited v Tycarati Jewellery Private Limited v Devmati Finvestrade Private Limited

CAPITAL STRUCTURE

Authorised Capital :

No. of Shares	Type	Value	Amount
39000000	Equity Shares	Rs. 10/- each	Rs. 390.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
35687408	Equity Shares	Rs. 10/- each	Rs. 356.874 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2006	31.03.2005	31.03.2004
SHAREHOLDERS FUNDS
1] Share Capital		356.874	356.874	356.874
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		2559.116	2379.205	2026.975
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		2915.990	2736.079	2383.849
LOAN FUNDS
1] Secured Loans		4672.878	4426.803	3753.228
2] Unsecured Loans		812.076	610.823	540..236
TOTAL BORROWING		5484.954	5037.626	4293.464
DEFERRED TAX LIABILITIES		13.461	9.672	0.824
TOTAL		8414.405	7783.377	6678.137
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		437.772	212.471	246.825
Capital work-in-progress		6.961	102.138	22.035
INVESTMENT		82.851	39.126	44.251
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	6361.245	5192.296	4932.905
	Sundry Debtors	3099.985	2690.401	2528.733
	Cash & Bank Balances	193.911	89.756	84.273
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	1206.642	904.889	601.793
Total Current Assets		10861.783	8877.342	8147.704
Less : CURRENT LIABILITIES & PROVISIONS
	Current Liabilities	2657.768	1250.373	1523.950
	Provisions	317.194	197.327	258.728
Total Current Liabilities		2974.962	1447.700	1782.678
Net Current Assets		7886.821	7429.642	6365.026
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		8414.405	7783.377	6678.137

PROFIT & LOSS ACCOUNT

PARTICULARS	31.03.2006	31.03.2005	31.03.2004
Sales Turnover [including other income]	10613.385	11498.435	8923.227
Profit/(Loss) Before Tax	320.429	529.733	323.550
Provision for Taxation	0.000	0.000	99.280
Profit/(Loss) After Tax	320.429	529.733	224.270
Export Value	9104.491	9912.013	8222.333
Import Value	NA	5793.099	6178.002
Expenditures :
Interest	236.598	130.231
Depreciation	36.547	35.340
Other Expenses	10019.811	10803.131
Total Expenditure	10292.956	10968.702	8512.961

KEY RATIOS

PARTICULARS		31.03.2006	31.03.2005	31.03.2004
PAT / Total Income	(%)	3.02	4.61	2.51
Net Profit Margin (PBT/Sales)	(%)	3.02	4.61	3.63
Return on Total Assets (PBT/Total Assets}	(%)	2.83	5.83	3.82
Return on Investment (ROI) (PBT/Networth)		0.11	0.19	0.14
Debt Equity Ratio (Total Liability/Networth)		2.90	2.37	2.55
Current Ratio (Current Asset/Current Liability)		3.65	6.13	4.57

LOCAL AGENCY FURTHER INFORMATION

FIXED ASSETS:

Goodwill, Freehold Land, Leasehold Land, Building, Plant & Machinery, Furniture & Fixtures, Office Equipments and Vehicles etc.

Form 8 Particular for creation or modification of charges

Name of the company	ROSYBLUE (INDIA) PRIVATE LIMITED
Presented By	State Bank of India, Diamond Branch, Girgaum, Mumbai – 400 004.
1) Date and description of instrument creating the change	Agreement of loan for overall limit. (F.C.1) Agreement of Hypothecation of Goods and Assets (F.C.2.) Letter regarding the grant of individual limits within the overall limit (E.C. 5) All the above agreements are dated 25.08.2004 and executed for the creation of a single charge.
2) Amount secured by the charge/amount owing on the securities of charge	Rs. 40.000 Millions
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given	A first charge by way of hypothecation of the borrowers entire goods movables and other assets present and future including document of title to the goods and other assets. Such as book debts, outstanding moneys, receivables including receivables by way of cash assistance and/or cash incentives under the cash incentives scheme or any other scheme claims including claims y way of refund or customs/excise duties under the Duty Drawback Credit Scheme or any other scheme, bills, invoice, documents, contracts, insurance policies, guarantees, engagements, securities, investments and rights uncalled capital and all machinery present and future of such from satisfactory to the bank.
4) Gist of the terms and conditions and extent and operation of the charge.	Rate of Interest: PSC (adhoc) – up to 90 days – 7.50% p.a. Beyound 90 days – 10.50% p.a.s
5) Name and Address and description of the person entitled to the charge.	State Bank of India, Diamond Branch, 1^st Floor, Majestic Shopping Centre, Girgaum, Mumbai – 400 004.
6) Date and brief description of instrument modifying the charge	Not Applicable
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification.	Not Applicable

Name of the company	ROSYBLUE (INDIA) PRIVATE LIMITED
Presented By	ING Vysya Bank Limited
1) Date and description of instrument creating the change	General Hypothecation Agreement dated 06.12.2004.
2) Amount secured by the charge/amount owing on the securities of charge	Rs. 100.000 Millions
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given	Hypothecation by way of pari passu first charge on entire current assets such as raw material, stock in process, finished goods of rough, cut and polishied diamonds, export receivables other than bills discounted both present and future
4) Gist of the terms and conditions and extent and operation of the charge.	Interest for PCL - @ IVVR 2.75% p.a. for PSL @ IVVR 0.25% p.a. with monthly rest. Present IVVR @ 11.25% Security to secure PCL Rs. 40.000 Millions, PSL Rs. 60.000 Millions together with interest, cost, expenses, charges, commission etc. Full interchangebility allowed between PCL and PSC – 25%
5) Name and Address and description of the person entitled to the charge.	ING Vysya Bank Limited, Patel Chamber, Opera House, Mumbai – 400 007.
6) Date and brief description of instrument modifying the charge	Not Applicable
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification.	Not Applicable

Name of the company	ROSYBLUE (INDIA) PRIVATE LIMITED
Presented By	Bank of India, Bullion Exchange Branch, Mumbai – 400 002.
1) Date and description of instrument creating the change	Hypothecation of tangible movable property dated 10^th September, 2001.
2) Amount secured by the charge/amount owing on the securities of charge	Rs. 40.000 Millions
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given	All tangible movable assets of borrower including all stocks of raw material such as rough diamonds and finished goods such as cut and polished diamonds, jewellery, precious, semi precious stones, stock in process wherever situated and / or in transit.
4) Gist of the terms and conditions and extent and operation of the charge.	Minimum rate of presently 8.5% p.a. upto 31.03.2002 or at such rate as may from time to time be fixed by the bank and notified to the borrower and shall be payable with quarterly rests on the 31^st March, 30^th June, 30^th September and 31^st December each year.
5) Name and Address and description of the person entitled to the charge.	Bank of India, Bullion Exchange Branch, Mumbai – 400 002.
6) Date and brief description of instrument modifying the charge	1^st Supplemental deed of Hypothecation dated 28.02.2002 for Rs. 50.000 Millions modifying the charge from Rs. 40.000 Millions to Rs. 90.000 Millions
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification.	Original Charge created on 10.09.2001 for Rs. 40.000 Millions Now by this present modification dated 28.02.2002 charge enhanced from Rs. 40.000 Millions to Rs. 90.000 Millions

Name of the company	ROSYBLUE (INDIA) PRIVATE LIMITED
Presented By	Bank of India, Bullion Exchange Branch, Mumbai – 400 002.
1) Date and description of instrument creating the change	Hypothecation of tangible movable property dated 10^th September, 2001.
2) Amount secured by the charge/amount owing on the securities of charge	Rs. 40.000 Millions
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given	All tangible movable assets of borrower including all stocks of raw material such as rough diamonds and finished goods such as cut and polished diamonds, jewellery, precious, semi precious stones, stock in process wherever situated and / or in transit.
4) Gist of the terms and conditions and extent and operation of the charge.	Minimum rate of presently 8.5% p.a. upto 31.03.2002 or at such rate as may from time to time be fixed by the bank and notified to the borrower and shall be payable with quarterly rests on the 31^st March, 30^th June, 30^th September and 31^st December each year.
5) Name and Address and description of the person entitled to the charge.	Bank of India, Bullion Exchange Branch, Mumbai – 400 002.
6) Date and brief description of instrument modifying the charge	2^nd Modification dated 19.07.2002 for Rs. 50.000 Millions modifying the charge from Rs. 90.000 Millions to Rs. 140.000 Millions
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification.	Original Charge created on 10.09.2001 for Rs. 40.000 Millions 1^st Modification dated 28.02.2002 for Rs. 50.000 Millions modifying the charge from Rs. 40.000 Millions to Rs. 90.000 Millions. Now by this present modification dated 19.07.2002 charge enhanced from Rs. 90.000 Millions to Rs. 140.000 Millions

Name of the company

ROSYBLUE (INDIA) PRIVATE LIMITED

Presented By

Bank of India, Bullion Exchange Branch, Mumbai – 400 002.

1) Date and description of instrument creating the change

Joint Deed of Hypothecation dated 13.03.2003.

2) Amount secured by the charge/amount owing on the securities of charge

Rs. 2796.500 Millions

Name of the Bank	Pre-Shipment	Post - Shipment	Total	Adhoc	Import L/C
Bank of India	225.000	250.000	475.000	71.250	150.000
State Bank of India	182.500	197.500	380.000	57.000	142.200
State Bank of Hyderabad	169.500	208.000	377.500	56.625	0.000
Corporation Bank	75.600	80.400	156.000	23.400	212.800
ABN Amro Bank N.V.	119.400	134.600	254.000	38.100	95.000
ING Vysya Bank	56.000	61.500	117.500	17.625	0.000
HDFC Bank Limited	82.000	68.000	150.000	22.500	0.000

3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given

The whole of the current assets of the Borrower namely, stock of raw materials, stock in process, semi finished and finished goods i.e. rough, cut and polished diamonds, stores and spares, plant and machinery, furniture & Fixtures, Bills receivable, book debts, and all other movables both present and future now lying loose or in case or which are now lying or stored in or about or shall herein after from time to time during the continuance of the securities of these present be brought into or open or to be stored or be in or about of the borrowers factories, premises, and godown situate at mumbai in the state of Maharashtra, Pithampur in the state of Madhya Pradesh or wherever else the same may be or be held by any party to the order or disposition of the borrower or in the course of transit or on high seas or on order or delivery, howsoever and wheresover in the possession of the borrower and either by way of substitution or addition.

4) Gist of the terms and conditions and extent and operation of the charge.

Interest shall be charged at such rate/ rates as may be determined by the said Banks from time to time

5) Name and Address and description of the person entitled to the charge.

v Bank of India, Bullion Exchange Branch, Mumbai – 400 002.

v State bank of India

v State Bank of Hyderabad

v Corporation Bank

v ABN Amro Bank N.V.

v ING Vysya Bank

v HDFC Bank Limited

6) Date and brief description of instrument modifying the charge

Not Applicable

7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification.

Not Applicable

Corporation identity number or foreign company registrations number of the company	U36911MH1998PTC114312
Name of the company	ROSYBLUE (INDIA) PRIVATE LIMITED
Address	1608/ 09, Prasad Chambers, Opera House, Mumbai – 400 004, Maharashtra, India.
This Form is for	Modification of charge
Type of Charges	Immovable property Book debts Movable property Stock in trade
Particular of the charge holder	ABN Amro Bank N.V. 7^th Floor, Sakhar Bhavan, Nariman Point, Mumbai-400021, Maharashtra, India
Nature or description of the instrument creating charge	Third supplemental joint deed of hypothecation
Date of the instrument creating charge	04.05.2007
Amount Secure by the charge	Rs.8700.000 millions
Brief of the principal terms and conditions and extent and operation of the charge	Rate of interest : Interest / such other rate as may be prescribed by the bank from time to time. Terms of repayment : As per agreement Margin : The company shall maintain such margin as may be specified by the bank from time to time Extent and operation of the charge : Extent and operation of the charge -100% Others The above consortium charge is to secure total facility of Rs.8700.000 millions (ABN Amro Bank’s total share is Rs.2237.500 millions including FB and NFB limit)
Particulars of the Property charged	As per agreement
Date of latest modifiecation prior to the present modification	27.02.2007
Particulars of the present modification	The above consortium charge is to secure total facility of Rs.8700.000 millions (enhanced from Rs.6600.000 millions to Rs.7700.000 millions to Rs.8700.000 millions) Other terms and conditions remain the same.

AS PER WEBSITE:

Jewelry

Client Name: Paresh Shah

Company: Rosy Blue (India) Private Limited

Address: 101 Vijay Chambers, Near City Post Office, Bhaga Talao

City: Surat

State: Gujarat

Country: India

Description

As a DTC sightholder, Rosy Blue is able to offer the best value and the highest quality products to meet every client’s particular specification.

From an exceptional supply of rough diamonds, through state-of-the-art diamond manufacturing, they provide a comprehensive selection of polished diamonds and a complementary range of finished jewelry.

At every stage, product quality is the essential first step towards their ultimate goals: outstanding service and added value for all their clients.

JEWELLERY

Rosy Blue’s successful jewelry business is the final link completing the chain from earth to high street.

Manufacturing initiatives

The Rosy Blue Group has a significant involvement in jewelry manufacturing and distribution through various operations around the world.

Inter Gold is the jewelry manufacturing arm of the Rosy Blue Group. As one of India's largest diamond jewelry company, Inter Gold supplies quality jewelry to a variety of segments and businesses. Its marketing and distribution network spreads throughout the globe with special expertise in the United States, Europe, Japan, and Asia Pacific; each backed by a local service desk.

Fine Jewelry

Rosy Blue Fine has been established as the group's high-end jewelry division.

Rosiblu, Rosy Blue's flagship jewelry brand, creates exquisite jewelry, conceived by some of the most respected designers in the industry. Vera Wang Fine Jewelry, created in collaboration with the premier bridal gown designer Vera Wang, was introduced at select fine jewelers across the United States. The collection is inspired by the designer's couture designs and personal style.

Retail Chain

Rosy Blue retail chain ORRA, leading diamond jewelry retailer in India, has tie-ups with 3 leading jewelry organizations: DTC (De Beers), PGI (Platinum Guild India) & WGC (World Gold Council).

It has design centers in New York, Antwerp, Hong Kong, Tokyo and Mumbai. ORRA has plans to expand the number of its stores yearly.

They collaborate with major retail chains and independent jewelers worldwide with integrated services:

• Product design and development

• Raw material procurement

• Production and quality control

• Sales and distribution

• Marketing and advertising

• After sales service

• Financial and development support

• Service and added value

As a reliable vendor, they can guarantee the quality, availability and variety of designs, creating them in close interaction with clients in order to meet their specific consumer tastes and preferences.

For Rosy Blue, product quality is paramount, and the essential first step towards their ultimate goals; outstanding service and added value for all their clients.

DEDICATION TO THEIR CLIENTS

Outstanding service and added value for all their clients are Rosy Blue’s ultimate goals. Their dedication to their clients and insight into their needs has earned us the reputation of being one of the most respected and trusted players in the diamond and jewelry industry.

As a sightholder and client of the Diamond Trading Company (the DTC, a division of the De Beers Group), they are a key infrastructure provider to both small and large businesses. They are partners to their clients in the truest sense.

CMT REPORT [Corruption, Money laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.40.45
UK Pound	1	Rs.81.23
Euro	1	Rs.55.00

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		54

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%)

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	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.	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

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions