MIRA INFORM REPORT

Report Date :

18.04.2011

IDENTIFICATION DETAILS

Name :	ORACLE GENERAL TRADING FZE (OGT)

Registered Office :	Ajman Free Zone, Office No. D-17 O Box 64834 Ajman

Country :	United Arab Emirates

Date of Incorporation :	21.02.2003

Legal Form :	Free Zone Establishment - FZE

Line of Business :	Distributors of jewellery, diamonds and other precious stones.

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate

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 – December 31, 2010

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

UAE

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

SUMMARY

Company Name : ORACLE GENERAL TRADING FZE (OGT)

Country of Origin : Ajman, United Arab Emirates

Legal Form : Free Zone Establishment - FZE

Registration Date : 21^st February 2003

Trade Licence Number : 1130, Ajman Free Zone

Issued Capital : UAE Dh 150,000

Paid up Capital : UAE Dh 150,000

Total Workforce : 2

Activities : Distributors of jewellery, diamonds and other precious stones.

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

Person Interviewed : M Santosh, Commercial Manager

COMPANY NAME

ORACLE GENERAL TRADING FZE (OGT)

ADDRESS

Registered Address

Location : Ajman Free Zone, Office No. D-17

PO Box : 64834

Town : Ajman

Country : United Arab Emirates

Telephone : (971-6) 7423944

Physical Address

Building : 214 Gold Land Building, 2^nd Floor

Area : Deira

PO Box : 16067

Town : Dubai

Country : United Arab Emirates

Telephone : (971-4) 2295691 / 2350971

Facsimile : (971-4) 2295690 / 2350977

Premises

Subject operates from a small suite of offices that are rented and located in the Central Business Area of Dubai.

KEY PRINCIPALS

Name Nationality Position

· Pankaj Kapur Krishnan Kumar Kapur Indian Managing Director

· M Santosh - Commercial Manager

LEGAL FORM & OWNERS

Date of Establishment : 21^st February 2003

Legal Form : Free Zone Establishment - FZE

Trade Licence No. : 1130, Ajman Free Zone (Expires 22/02/2012)

Issued Capital : UAE Dh 150,000

Paid up Capital : UAE Dh 150,000

Name of Shareholder (s) Percentage

· Pankaj Kapur Krishnan Kumar Kapur 100%

AFFILIATED COMPANIES

· Diastone LLC

214 Gold Land Building, 2^nd Floor

Deira

PO Box: 16067

Dubai

Tel: (971-4) 2295691

Fax: (971-4) 2295690

Email: diastone@gmail.com

Mem. No. 91568

OPERATIONS

Activities: Engaged in the import and distribution of jewellery, diamonds and other precious stones.

Import Countries: Europe and the Far East.

Subject has a workforce of 2 employees.

FINANCIAL DATA

Companies registered in Ajman, United Arab Emirates are not legally required to make their accounts public and no financial information was released by the company or submitted by outside sources.

BANKERS

· Mashreq Bank Plc

Deira Branch

PO Box: 1250

Dubai

Tel: (971-4) 2229131 / 2221134

Fax: (971-4) 2233784

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

During the course of this investigation nothing detrimental was uncovered regarding subject’s operating history or the manner in which payments are fulfilled. As such the company is considered to be a fair trade risk.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.52
UK Pound	1	Rs.72.72
Euro	1	Rs.64.41

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.