MIRA INFORM REPORT

Report Date :

20.04.2011

IDENTIFICATION DETAILS

Name :	CAPUCELLI LTD.

Registered Office :	1 Jabotinski Street, Diamond Exchange Bldg., Ramat Gan 52520

Country :	Israel

Year of Establishment :	1976

Legal Form :	Private Limited Company

Line of Business :	Importers and dealers of diamonds

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 :	Poor

Payment Behaviour :	Unknown

Litigation :	-----

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)

Israel

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

Company name & address

CAPUCELLI LTD.

Telephone 972 3 57509 02

Fax 972 3 575 09 02

1 Jabotinski Street

Diamond Exchange Bldg.

RAMAT GAN-52520-ISRAEL

HISTORY & LEGAL FORMATION

Originally established in 1976 as a non-registered business.

Converted into a private limited company and registered as such as per file No. 51-085174-4 on the 14.05.1980.

SHARE CAPITAL

Authorized share capital NIS 10.00, divided into -

100 preference shares of NIS 0.0001 each (issued),

900 ordinary shares of NIS 0.01 each,

9,900 ordinary shares of NIS 0.0001 each (2,002 shares issued),

of which shares amounting to NIS 0.2102 were issued.

SHAREHOLDERS

1. Simcha Nisim, 50%,

2. Mordechai Nisim, 50%.

DIRECTORS & JOINT GENERAL MANAGERS

1. Simcha Nisim,

2. Mordechai Nisim.

BUSINESS

Importers and dealers of diamonds.

Subject’s Co-General Manager Simcha Nisim informed us that subject is in its final stages of voluntarily closing down all activities, due to the elder age of its shareholders (Mr. Simcha Nisim is 73 years old).

Operating from premises in 1 Jabotinski Street, Diamond Exchange Building, Ramat Gan.

Having no salaried employees.

MEANS

Financial data not forthcoming.

There are no charges registered on the company's assets.

ANNUAL SALES

Sales figures not forthcoming.

BANKERS

Bank data not forthcoming.

CHARACTER AND REPUTATION

Nothing unfavorable learned.

Subject is a veteran business, though in its very final stages of activity. While active, was known to be enjoying good reputation.

SUMMARY

Dealings, if any, are recommended on cash in advance basis only.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.68
UK Pound	1	Rs.72.56
Euro	1	Rs.63.53

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

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%)

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.