MIRA INFORM REPORT

Report Date :

08.12.2011

IDENTIFICATION DETAILS

Correct Name :	OOO TORGOVIY DOM KAMEYA SO
Registered Office :	Svobody str., 35, bldg. 18, Moscow, 125362
Country :	Russia
Financials (as on) :	01.01.2007
Date of Incorporation :	04.02.2003
Com. Reg. No.:	1037739399543
Legal Form :	Limited Liability Company
Line of Business :	Manufacture and sales of jewels
No. of Employees :	199 Persons

RATING & COMMENTS

MIRA’s Rating :

B

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

Maximum Credit Limit :	10 000 USD
Status :	Moderate
Payment Behaviour :	Unknown
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 – September 30^th, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
Russia	a2	a2

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

Comments

Information

The address, website, e-mail and the telephone number mentioned in your inquiry belong to the company Obschestvo s ogranichennoy otvetstvennostyu "TORGOVIY DOM "KAMEYA SO" (name in English: "TRADING HOUSE "KAMEYA SO" LIMITED LIABILITY COMPANY). We provide the report on this company.

Summary

Original Name	Obschestvo s ogranichennoy otvetstvennostyu "TORGOVIY DOM "KAMEYA SO"
Legal Form	OOO (Limited Liability Company by Russian Law)
Year of Foundation	2000
Sales	1 106 659 th RUR for 12 months, ended 01.01.2007
Employees	199 (approx.) on December, 06, 2011 (company's data)

Creditline Recommendations

Credit Limit

10 000 USD

Company Identification Details

Original Name	Obschestvo s ogranichennoy otvetstvennostyu "TORGOVIY DOM "KAMEYA SO"
Short Name	OOO "TORGOVIY DOM "KAMEYA SO"
Name in English	"TRADING HOUSE "KAMEYA SO" LIMITED LIABILITY COMPANY
Address	Svobody str., 35, bldg. 5, Moscow, 125362, Russian Federation
Legal Address	Svobody str., 35, bldg. 18, Moscow, 125362, Russian Federation
Phone	+7 (495) 7440307
Fax	+7 (495) 7440307
E-mail	info@kameya.ru
WEB Address	www.kameya.ru
History	12.01.2007: Legal Address changed from Volokolamskoe shosse, 108, Moscow, 125424, Russian Federation

Official Company Data

Legal Form	OOO (Limited Liability Company by Russian Law)
Date of Registration	04.02.2003
Registration Number	1037739399543
Statistic Code (OKPO)	54786497
Taxpayer Code (INN)	7733104388
Registration Authority	Ministry for Taxes and Duties of Russian Federation Interregional Inspection N 39 within Moscow

Public Record Information

Information

The company Obschestvo s ogranichennoy otvetstvennostyu "TORGOVIY DOM "KAMEYA SO" was not included in the published list of bankrupt companies.

Share Capital

Current Share Capital

10 000 RUR

Shareholders

Total	2 private persons
Shareholder	Mr Didyaev Valeriy Vladimirovich
Nationality	Russian Federation
Address	Isakovskogo str., 39, ap. 15, Moscow, 123631, Russian Federation
Date of Birth	07.11.1966
Taxpayer Code (INN)	246600435157
Share	50 %
Shareholder	Ms Karetnikova Anna Anatol'evna
Nationality	Russian Federation
Address	Isakovskogo str., 39, ap. 15, Moscow, 123631, Russian Federation
Date of Birth	10.06.1963
Taxpayer Code (INN)	246602650287
Share	50 %

Directors

Director	Mr Didyaev Valeriy Vladimirovich
	Signature Right
Nationality	Russian Federation
Address	Isakovskogo str., 39, ap. 15, Moscow, 123631, Russian Federation
Date of Birth	07.11.1966
Taxpayer Code (INN)	246600435157

Re-Registration Data

Initial Registration	20.07.2000
Registration Number	001.607.698
Registration Authority	Moscow Register Chamber
Date of Registration	04.02.2003
	(Entering into the Single State Register of Legal Entities)
Registration Number	1037739399543
Registration Authority	Ministry for Taxes and Duties of Russian Federation Interregional Inspection N 39 within Moscow
Date of Re-registration	25.12.2003
File Number	2037733064202
Registration Authority	Ministry for Taxes and Duties of Russian Federation Inspection N 33 within Moscow
Changes	Company's Rules
Date of Re-registration	12.07.2004
File Number	2047733021114
Registration Authority	Ministry for Taxes and Duties of Russian Federation Inspection N 33 within Moscow
Changes	Company's Rules
Date of Re-registration	12.01.2007
File Number	2077746156630
Registration Authority	Federal Tax Service of Russian Federation Interregional Inspection N 46 within Moscow
Changes	Legal Address
Date of Re-registration	28.10.2009
File Number	6097748093020
Registration Authority	Federal Tax Service of Russian Federation
Changes	Company's Rules

Operations

Activities	Manufacture and sales of jewels.
Staff Employed	199 (approx.) on December, 06, 2011 (company's data)
Employees' History	115 on July, 07, 2010 (company's data) 100 (approx.) on August, 21, 2009 (company's data) 100 (approx.) on November, 14, 2008 (company's data) 100 (approx.) on March, 17, 2008 (company's data) 44 on January, 01, 2004 (official data)

Real Estate

Own	none
Rent	Office, industrial area, warehouse Address: Svobody str., 35, bldg. 18, Moscow, 125362, Russian Federation (company's data)

Export & Import

Export Countries	2005-2010, for 4 months 2011: No Export Activity
Exported Goods	none
Export Value	none
Import Countries	2005-2010, for 4 months 2011: No Import Activity
Imported Goods	none
Import Value	none

Branches

Branch

Ekaterinburg branch Tel: +7 (343) 3783290, 3783305 Khabarovsk branch Tel.: +7 (4212) 347578, 342584 Novosibirsk branch Tel.: +7 (3832) 297494, 247496

Participation

Information

None

Related Companies

Information

Mr Didyaev Valeriy Vladimirovich and Ms Karetnikova Anna Anatol'evna are also the shareholders of companies: OOO "M.YU.Z. "KAMEYA" Registration number: 1035008853395 OOO "SISTEMY EKSPLUATATSII" Registration number: 1087746174966 OOO "RUSKONSALT" Registration number: 1037706038446 OOO "INITSIATIVA" Registration number: 1057747123257 OOO "AT-KONSALTING" Registration number: 1067746263881 OOO "SISTEMY UPRAVLENIYA" Registration Number: 1097746806431 OOO "DIANA" Registration Number: 1047796661440

Bankers

Bank	OAO AKB "METALLINVESTBANK", bank code: 044585163 (Russian Federation)
Account(s)	40702810300000001200 (RUR)
Bank	AB "IBG NIKOYL" (OAO), bank code: 044525566 (Russian Federation)
Account(s)	40702810601000000437 (RUR)
Bank	OAO "VNESHTORGBANK", Khabarovsk branch, bank code: 040813727 (Russian Federation)
Account(s)	40702810602000004620 (RUR)

Financial Data

Profit and Loss (extract)

The following figures are shown in units of 1000

Period, months	12	12	12	12
Ended	01.01.2007	01.01.2006	01.01.2005	01.01.2004
Currency	RUR	RUR	RUR	RUR
SALES	1106659	572104	418341	305081
Cost of Goods sold	955586	483292	369685	267406
GROSS PROFIT	151073	88812	48656	37675
Distribution Costs	112989	63118	30395	21573
Management Costs
OPERATING PROFIT	38084	25694	18261	16102
Non Trading Income	-12708	-12705	-12380	-11016
PRE TAX PROFIT	25376	12989	5880	5086
Taxation	7190	3790	2136	1418
PROFIT AFTER TAX	18186	9199	3744	3513

Balance Sheet (extract)

The following figures are shown in units of 1000

As at	01.01.2007	01.01.2006	01.01.2005	01.01.2004
Currency	RUR	RUR	RUR	RUR
TOTAL FIXED ASSETS	13453	14369	13386	15977
Intangible Assets	1012	1274	1431	1620
Fixed Assets	6072	4830	1291	4153
TOTAL CURRENT ASSETS	249651	127119	88501	113372
Stock	114254	79413	50647	47664
Trade debtors	82251	32759	28768	41080
Cash	22409	6426	4456	5087
TOTAL ASSETS	263104	141488	101887	129349
TOTAL EQUITY	39708	21522	12322	8578
Share Capital	10	10	10	10
Retained Profits	39698	21512	12312	8568
TOTAL LONG TERM LIABS
Long Term Loans
TOTAL CURRENT LIABS	223396	119966	89565	120771
Short Term Loans	94783	57836	57114	57389
Short Term Trade Creditors	128613	62130	32451	63382
TOTAL EQUITY & LIABS	263104	141488	101887	129349

Key Credit Ratios

The following figures are shown as Ratios or Percentages

Accounts Date	01.01.2007	01.01.2006	01.01.2005	01.01.2004
Current Ratio	1,12	1,06	0,99	0,94
Working Capital, x1000 RUR	26255	7153	-1064	-7399
Quick Ratio	0,61	0,4	0,42	0,54
Debt to Equity Ratio	5,63	5,57	7,27	14,08
Current Assets Turnover	4,43	4,5	4,73	2,69
Total Assets Turnover Ratio	4,21	4,04	4,11	2,36
Pre Tax Profit Margin, %	2,29	2,27	1,41	1,67
Gross Profit, %	13,65	15,52	11,63	12,35
Return on Investment, %	63,91	60,35	47,72	59,29
Return on Assets, %	9,64	9,18	5,77	3,93

Clients & Suppliers

Clients

OAO "TPK YASHMA" (Russian Federation) OOO "YUVELIKA" (Russian Federation) OAO "TUYMAADA DAYMOND" (Russian Federation) OOO "BALTIYSKIY IZUMRUD" (Russian Federation) OOO "GRAND-M" (Russian Federation) OOO TORGOVYY DOM "BARS" (Russian Federation)

Suppliers

OAO "KRASNOYARSKIY ZAVOD TSVETNYKH METALLOV IM. V.N. GULIDOVA" (Russian Federation) OOO "ANDROMEDA" (Russian Federation) OOO "YUVELIRNYY ZAVOD "DIAMANT" (Russian Federation) OOO "CHASOVOY ZAVOD MAKTAYM" (Russian Federation) OOO "EPF OLIN" (Russian Federation) OOO "YUP "ZOLOTOE RUNO" (Russian Federation) OOO STOLICHNYY YUVELIRNYY ZAVOD "ADAMAS" (Russian Federation) OOO "YUD "AKVAMARIN" (Russian Federation) OOO "AL'TAIR-2005" (Russian Federation)

Actions at law

The information of Arbitration court of Moscow about judicial claims is presented

Date of registration	19.10.2009
Registration number	A40-46315/09
Plaintiff	Private Businesswoman Ms Rakhimova Zinaida Egorovna
Defendant	OOO "TORGOVIY DOM "KAMEYA SO"
Claim sum	-
Claim category	Economic disputes

Date of registration	24.06.2008
Registration number	A60-7719/07
Plaintiff	OOO "TORGOVIY DOM "KAMEYA SO"
Defendant	OOO "BAGIRA"
Claim sum	-
Claim category	Economic disputes

Date of registration	28.11.2007
Registration number	A60-32360/07
Plaintiff	OOO "TORGOVIY DOM "KAMEYA SO"
Defendant	OOO "YUVELIRNAYA KOMPANIYA "GEFEST"
Claim sum	-
Claim category	Economic disputes

Date of registration	26.07.2011
Registration number	A40-80799/11
Plaintiff	OOO "TORGOVIY DOM "KAMEYA SO"
Defendant	OOO RUSKAYA GRUPPA
Claim sum	1 479 450 RUR
Claim category	Default of obligations under the contract

Date of registration	18.02.2011
Registration number	A40-16533/11
Plaintiff	OOO "TORGOVIY DOM "KAMEYA SO"
Defendant	OOO MAKSIMA
Claim sum	105 340 RUR
Claim category	Default of obligations under the contract

Publications

Date	2011
Source	The Federal Tax Service of Russian Federation
Text of Publication	The Federal Tax Service of Russian Federation has published the information on not paid taxes of Ms Karetnikova Anna Anatol'evna: Date: 01.12.2011 Type of tax: The tax to property of physical persons. The tax sum: 2 500.86 RUR
Date	2011
Source	The Federal Tax Service of Russian Federation
Text of Publication	The Federal Tax Service of Russian Federation has published the information that Mr Didyaev Valeriy Vladimirovich (as private person) does't have not paid taxes.

Financial Data

We couldn't get the financial data on the company of 2007 - 2010 years, because there weren't company's financial data of 2007 - 2010 years in the Federal Statistics Service of Russian Federation.

Original Financial Data

(Russian Accounting Report in English)

Balance Sheet

The following figures are shown in units of 1000

ASSETS	Line code	as at 01.01.2005	as at 01.01.2006	as at 01.01.2007
I. NON-CURRENT ASSETS
Intangible assets	110	1431	1274	1012
Fixed assets	120	1291	4830	6072
Construction in progress	130	-	-	-
Income-bearing investments in tangible assets	135	10664	8264	6369
Long-term financial investments	140	-	-	-
Deferred tax assets	145	-	-	-
Other non-current assets	150	-	-	-
Total section I	190	13386	14369	13453
II. CURRENT ASSETS
Inventories	210	50647	79413	114254
including :
raw materials and other inventories	211	9064	7053	8258
livestock	212	-	-	-
work in progress	213	-	-	-
finished goods and goods for resale	214	41380	72167	105418
goods dispatched	215	-	-	-
expenses related to future periods	216	203	193	578
other supplies and expenditures	217	-	-	-
Value added tax on purchased goods	220	4630	8513	38
Accounts receivable (payments expected beyond 12 months after the reporting date)	230	-	-	-
including :
buyers and customers	231	-	-	-
Accounts receivable (payments expected within 12 months after the reporting date)	240	28768	32759	82251
including :
buyers and customers	241	22456	30380	78941
Short-term investments	250	-	-	30700
Monetary assets	260	4456	6426	22409
Other current assets	270	-	8	-
Total section II	290	88501	127119	249651
TOTAL SECTIONS I and II	300	101887	141488	263104
EQUITY AND LIABILITIES
III. EQUITY AND RESERVES
Share capital	410	10	10	10
Treasury shares	411	-	-	-
Additional capital	420	-	-	-
Legal reserve	430	-	-	-
including :
reserves and provisions formed in  accordance with legislation	431	-	-	-
reserves formed in accordance  with foundation documents	432	-	-	-
Retained earnings (loss)	470	12312	21512	39698
Total section III	490	12322	21522	39708
IV. NON-CURRENT LIABILITIES
Borrowings	510	-	-	-
Deferred tax liabilities	515	-	-	-
Other non-current liabilities	520	-	-	-
Total section IV	590	-	-	-
V. CURRENT LIABILITIES
Borrowings	610	57114	57836	94783
Accounts payable	620	32451	62130	128613
including :
suppliers and contractors	621	28647	55682	112161
salaries payable	622	177	212	665
payable to state non-budget funds	623	74	61	200
taxes payable	624	167	1264	2905
other creditors	625	3387	4912	12682
Dividends payable to participants (shareholders)	630	-	-	-
Income of future periods	640	-	-	-
Reserves for future expenses and payments	650	-	-	-
Other current liabilities	660	-	-	-
Total section V	690	89565	119966	223396
TOTAL SECTIONS III,IV,V	700	101887	141488	263104

PROFIT AND LOSS ACCOUNT

The following figures are shown in units of 1000

PARAMETER	Line code	01.01.2007	01.01.2006	01.01.2005
INCOME FROM AND EXPENSES ON ORDINARY ACTIVITIES
Sale of goods, products, work, services (less VAT, excise tax, other similar mandatory payments)	010	1106659	572104	418341
Cost of goods, products, work, services sold	020	955586	483292	369685
Gross profit	029	151073	88812	48656
Selling expenses	030	112989	63118	30395
Administrative expenses	040	-	-	-
Profit (loss) from operations	050	38084	25694	18261
OTHER INCOME AND EXPENSES
Interest income	060	187	-	-
Interest expenses	070	7614	7013	7867
Income from investments in other companies	080	-	-	-
Other operating income	090	3124	2932	3393
Other operating expenses	100	8405	8624	4885
Non-operating income	120	-	-	126
Non-operating expenses	130	-	-	3147
Profit (loss) before profit tax	140	25376	12989	5880
Deferred tax assets	141	-	-	-
Deferred tax liabilities	142	-	-	-
Current profit tax	150	7190	3790	2136
Net profit (loss) for the reporting period	190	18186	9199	3744

Rates of Exchange

RUR - Russian Rouble	01.01.2011:   1 EUR = 40.49 RUR,   1 USD = 30.35 RUR
EUR - EURO	01.01.2010:   1 EUR = 43.46 RUR,   1 USD = 30.19 RUR
USD - US Dollar	01.01.2009:   1 EUR = 41.43 RUR,   1 USD = 29.39 RUR

DIAMOND INDUSTRY – INDIA

- From time immemorial, India is well known in the world as the birthplace for diamonds.  It is difficult to trace the origin of diamonds but history says that in the remote past, diamonds were mined only in India. Diamond production in India can be traced back to almost 8^th Century B.C.  India, in fact, remained undisputed leader till 18^th Century when Brazilian fields were discovered in 1725 followed by emergence of S. Africa, Russia and Australia.

- The achievement of the Indian diamond industry was possible only due to combination of the manufacturing skills of the Indian workforce and the untiring and unflagging efforts of the Indian diamantaires, supported by progressive Government policies.

- The area of study of family owned diamond businesses derives its importance from the huge conglomerate of family run organizations which operate in the diamond industry since many generations.

- Some of the basic traits of family run business enterprises include spirit of entrepreneurship, mutual trust lowers transaction costs, small, nimble and quick to react, information as a source of advantage and philanthropy.

- Family owned diamond businesses need to improve on many fronts including higher standard of corporate governance, long-term performance – focused strategies, modern management and technology.

- The diamond jewellery industry in India today may be more than Rs 60000 mil and is rated amongst the fastest growing  in the world. Indi ranks third in the world in domestic diamond consumption.

- Utmost caution is to be exercised while dealing with some medium and large diamond traders which are usually engaged in fictitious import – export, inter-company transactions, financially assisted by banks. In the process, several public sector banks lost several hundred million rupees. They mostly diverted borrowed money for diamond business into real estate and capital markets.

- Excerpts from Times of India dated 30^th October 2010 is as under –

DIAMOND SAGA – DIRTY DOZEN STUCK WITH 2K CR DEBT

This could be the biggest credibility crisis the Indian diamond industry has ever faced. Fifteen banks run the risk of losing Rs 2000 crore lent to a dozen diamond firms in Surat. Until about two months ago, they had not repaid  these dues. Bankers believe many diamantaires borrowed money during the economic downturn two years ago and diverted funds to businesses like real estate and capital markets. Many of themselves made money from these businesses but their diamond companies have gone sick and declared insolvency.

- Most of the money borrowed from the banks in the name of their diamond business has been diverted in real estate and the share market. The banks are not in a position to seize their properties because in many cases, these were purchased in the name of their relatives and friends.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.45
UK Pound	1	Rs.80.38
Euro	1	Rs.69.12

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.