MIRA INFORM REPORT

Report Date :

23.02.2011

IDENTIFICATION DETAILS

Name :	EMBY INTERNATIONAL INC

Registered Office :	592 5th Ave 11th Flr New York, New York, 10036

Country :	United States

Date of Incorporation :	12.06.1992

Legal Form :	Corporation for Profit

Line of Business :	Jewelry Wholesalers

RATING & COMMENTS

MIRA’s Rating :

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

Status :	Small Company

Payment Behaviour :	Regular

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 – June 30, 2010

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

United States

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

GEOPOLITICS - UNITED STATES

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal

Economic Risk: Nil

Currency: USD

Branch Situation: Stable

IDENTIFICATION

Ordered as:	Emby International Inc
Address in the order:	592, Fifth Avenue, 11th Floor, New York, NY 10036
Legal Name:	Emby International Inc
Legal Address	592 5TH AVE 11TH FLR NEW YORK, NEW YORK, 10036
Operative Address	592 5TH AVE 11TH FLR NEW YORK, NEW YORK, 10036
Telephone:	+1 (212) 282-1100	ID :	1643772
Fax:	+1 (212) 888-0909	Legal Form:	Corporation for Profit
Email:	-	Registered in:	New York
Website:	-	Date Created:	1992
Manager:	Ashit J Parikh, President	Date Incorporated:	June 12th, 1992
Staff:	20	Stock:	200
		Value:	No par Value
Activity:	Jewelry Wholesalers.

BANKS

Name of the Bank	The Bank Of New York
Name of the Bank	ABM AMRO BANK NA NEW YORK
Name of the Bank	J P Morgan Chase

BUSINESS

HISTORY
	This company was created in the year 1992.
PRINCIPAL ACTIVITY
	The company is categorized under diamond and jewelry wholesaler.
Products/Services description:
	Herkimer Diamonds, Mervis Diamonds, Fancy Yellow Diamonds, Diamonds Direct and Chocolate Diamonds.
Sales are:
	Wholesale
The company imports from Europe, Asia
The company does not export
PAYMENTS
	regular
LOCATION
Headquarters
	This company is headquartered at 592 5th Avenue Floor 11 New York, NY 10036.
Branches:
	There were no branches found for this company.

Shareholders - Manager - Related Companies

Shareholders Parent Company(ies):
	This is a privately held company. Despite our long searches it has not been possible to identify the shareholders.
Management:
	Ashit J Parikh, President Krashna Uppu, Controller.

Financials - COMMERCIAL TRENDS AND FORECAST

As a private company the subject does not publish any financial statements.

We have contacted the company, a female representative picked up the phone. She was supposed to transfer us to the accounting dept, but instead she dropped the call. Our agent tried calling back again, They answered us properly tis time, though instead of transgerring us they started to dialing the phone.

However our financial sources could provide us with the following data.

Those figures are estimates provided by confidential banking and financial institutions working with the company.

Currency	DATE
USD	2010
Turnover	2,800,000

Legal Fillings

There are 11 UCC** files listed with the Secretary of State of New York.

There are no legal filings listed with the District Court.

THE COMPANY IS NOT LISTED ON THE OFAC LIST.*

For information:

* The Specially Designated Nationals (SDN) List is a publication of OFAC which lists individuals and organizations with whom United States citizens and permanent residents are prohibited from doing business.

** The Uniform Commercial Code (UCC) is one of a number of uniform acts that have been promulgated in conjunction with efforts to harmonize the law of sales and other commercial transactions in all 50 states within the United States of America.

The UCC deals primarily with transactions involving personal property (movable property), not real property (immovable property).

It allows a creditor to notify other creditors about a debtor’s assets used as collateral for a secured transaction by filing a public notice (financing statement) with a particular filing office.

The Uniform Commercial Code Bureau files and maintains on financial obligations (including IRS liens) incurred by individuals (in business as a sole proprietor), business entities and corporations.

Rating

Local credit bureau gave a Correct credit rate.

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

Final Opinion

This company has been in business for 9 years. It has a staff of 20 employees which makes it a small sized company.

There were no legal filings found against the company or its legal representatives.

The financial figures showed correct profitability for the year 2010.

SUMMARY

FINANCIAL SUMMARY		DEBT COLLECTIONS AND PAYMENTS
Profitability	CORRECT	Public Records	NO
Indebtedness	N.A.	Payments	REGULAR
Cash	NORMAL

APPENDIX

Person Interviewed
	Female representative
Comments
	We have contacted the company, a female representative picked up the phone. She was supposed to transfer us to the accounting dept, but instead she dropped the call. Our agent tried calling back again, They answered us properly its time, though instead of transferring us they started to dialing the phone.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.20
UK Pound	1	Rs.73.07
Euro	1	Rs.61.41

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

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.