MIRA INFORM REPORT

Report Date :

30.04.2011

IDENTIFICATION DETAILS

Name :	DIAMANT KASAI BVBA

Registered Office :	30, Hoveniersstraat, Antwerpen

Country :	Belgium

Financials (as on) :	31.12.2009

Date of Incorporation :	14.10.2005

Com. Reg. No.:	877096269

Legal Form :	Private Limited Liability Company

Line of Business :	Wholesale of diamonds and other precious stones

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
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)

Belgium

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

Company Accounts

Period
Accounts End Date	31-12-2009	31-12-2008	31-12-2007
Currency	EUR	EUR	EUR
Weeks	52	52	52
Profit & Loss
Turnover	-	-	-
Total Operating Expenses	-	-	-
Operating Result	26,134	41,153	61,064
Total Financial Income	45	684	1,537
Total Financial Expenses	7,196	7,827	7,962
Results on Ordinary Operations Before Tax	18,983	34,010	54,639
Taxation	4,690	9,929	20,230
Results on Ordinary Operations After Tax	14,293	24,081	34,409
Extraordinary Items	0	0	0
Net Result	14,293	24,081	34,409
Other Information
Dividends	-	-	-
Director Remuneration	-	-	-
Employee Costs	77,801	107,476	81,893
- Wages & Salaries	64,520	90,924	70,278
- Employee Pension Costs	-	-	-
- Social Security Contributions	12,232	14,627	8,159
- Other Employee Costs	1,049	1,925	3,456
Amortization & Depreciation	9,507	9,760	6,256
Balance Sheet
Intangible Fixed Assets	0	0	0
Tangible Fixed Assets	19,599	28,586	38,346
- Land And Buildings	0	0	0
- Plant And Machinery	5,204	9,154	13,878
- Other Tangible Assets	14,395	19,432	24,468
Financial Fixed Assets	7,800	7,800	7,800
Total Fixed Assets	27,399	36,386	46,146
Inventories	684,923	708,989	670,267
- Raw Materials & Consumables	0	0	0
- Work in Progress	0	0	0
- Finished Goods	0	0	0
- Other Stocks	684,923	708,989	670,267
Trade Debtors	2,320,851	989,089	893,404
Cash	253,735	247,749	255,990
- Miscellaneous Current Assets	691	686	3,902
Total Current Assets	3,292,977	1,970,658	1,839,086
Current Liabilities
- Trade Creditors	3,145,627	1,842,732	1,715,306
- Short Term Group Loans	0	0	0
- Other Short Term Loans	2,325	6,379	9,573
- Miscellaneous Current Liabilities	40,098	39,931	58,107
Total Current Liabilities	3,188,050	1,889,042	1,782,986
Long Term Debts
- Long Term Group Loans	0	0	0
- Other Long Term Loans	0	0	6,358
- Other Long Term Liabilities	242	211	2,178
Total Long Term Debts	242	211	8,536
Shareholders Equity
- Issued Share Capital	18,600	18,600	18,600
- Share Premium Account	0	0	0
- Reserves	113,484	99,191	75,110
- Revaluation Reserve	0	0	0
Total Shareholders Equity	132,084	117,791	93,710

Working Capital	104,927	81,616	56,100
Net Worth	132,084	117,791	93,710
Ratio Analysis
Trading Performance
Results on Ordinary Operations Before Taxation Margin	-	-	-
Return On Capital Employed	14.35	28.82	53.44
Return On Total Assets Employed	0.57	1.69	2.90
Return On Net Assets Employed	18.09	41.67	97.40
Sales / Net Working Capital	-	-	-
Operating Efficiency
Stock Turnover Ratio	-	-	-
Debtor Days	-	-	-
Creditor Days	-	-	-
Short Term Stability
Current Ratio	1.03	1.04	1.03
Liquidity Ratio / Acid Ratio	0.82	0.67	0.66
Current Debt Ratio	24.14	16.04	19.03
Long Term Stability
Gearing	1.76	5.42	17
Equity In Percentage	0.04	0.06	0.05
Total Debt Ratio	0.02	0.05	0.17

Company Court Data

Protested Bills
Drawee Name	--
Drawee Address	--
Bill Amount
Bill Currency	--
Maturity of Bill (month)
Name of Drawer	--
City of Drawer	--
NSSO Details
Name of Defendant	--
Legal Form of Defendant	--
Date of Summons
Labour Court	--
Directors
Company Director
Full Name	TSHIBANGU KABULA KABUALU
Birth Date
Position Description	Manager
Address	125 THEODORE DE CUYPERSTRAAT WOLUWE ST LAMBERT
Country	--
Postal Code	1200
Birth Date

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.38
UK Pound	1	Rs.73.88
Euro	1	Rs.65.83

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%)

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.

Company Summary
company details
Company Number	877096269
Name	DIAMANT KASAI BVBA
Address	30, HOVENIERSSTRAAT, ANTWERPEN
Post Code
Telephone Number	032030920
Fax Number	032030921
Establishment Date	14-10-2005
Company Status	ACTIVE
Company Type	Private limited liability company
Number of Employees	1
Activity Description	Wholesale of diamonds and other precious stones
Activity Code	46761
Liable For Vat	yes
Currency	Euro (€)
Latest Branch Details
Street	--
House Number
City	--
Postal Code
Trade Registered Number
Trade Registered Entry Date	--
Contractor Details
Registration Number	--
Contractor Description	--
Striking Off Date	--
Latest Event
Serial Number	164196
Event Description	Establishment
Limit
Credit Information
Purchase Limit (€)
Industry Comparison
Industry Average Credit Limit (€)	160,643
Payment Expectations
Payment Expectations
Payment Expectation Days
Day Sales Outstanding
Industry Comparison
Activity Code	4676
Activity Description	Wholesale of other intermediate products
Industry Average Day Sales Outstanding	124.66
Industry Average Payment Expectation Days	137
Industry Quartile Analysis
Payment Expectations - Lower	41.25
Payment Expectations - Median	90.32
Payment Expectations - Upper	162.53

Day Sales Outstanding - Lower	31.52
Day Sales Outstanding - Median	75.21
Day Sales Outstanding - Upper	158.58
Company Shareholder Holding

Company Information

Company Accounts

Company Court Data

Unit