MIRA INFORM REPORT

Report Date :

25.02.2011

IDENTIFICATION DETAILS

Name :	JHAVERI DIAMOND CORPORATION

Registered Office :	550 S Hill St Ste 1596, Los Angeles, California, 90013

Country :	United States

Date of Incorporation :	09.02.1989

Legal Form :	Corporation for Profit

Line of Business :	Jewelers Material and Lapidary Work Manufacturing

RATING & COMMENTS

MIRA’s Rating :

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

Maximum Credit Limit :	USD 50,000

Status :	Satisfactory

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:	Jhaveri Diamond Corporation
Address in the order:	550 South Hill Street, Suite#895, Los Angeles, CA 90013
Legal Name:	Jhaveri Diamond Corporation
Legal Address	550 S Hill St Ste 1596, Los Angeles, California, 90013, USA
Operative Address	550 S Hill St Ste 1596, Los Angeles, California, 90013, USA
Telephone:	+1(213) 624 6422	ID :	C1633483
Fax:	+1(213) 624 3549	Legal Form:	Corporation for Profit
Email:	nikhil@jdcla.com	Registered in:	California
Website:	NA	Date Created:	1989
Manager:	Nikhil C Jhaveri, President	Date Incorporated:	February 9th, 1989
Staff:	17	Stock:	NA
		Value:	NA
Activity:	Jewelers Material and Lapidary Work Manufacturing.

BANKS

Name Of The Bank	BANK OF AMERICA
Name of the Bank	Bank Leumi USA

BUSINESS

HISTORY
	This company was created in the year 1989.
PRINCIPAL ACTIVITY
	This is a Jewelers Material and Lapidary Work Manufacturing, Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesaler and retailer.
Products/Services description:
	Diamond Bracelets Diamond Earrings Diamond Hinged Necklaces,Pendants Diamond Solitaire, Metal:Platinum MultiColor Diamond Wedding Band
Sales are:
	Retail
Clients:
	General clientele Various industries
Operations area:
	National, International, Local
The company imports from India
The company export to Worldwide
PAYMENTS
	regular
LOCATION
Headquarters
	This company is headquartered at 550 S Hill St Ste 1596, Los Angeles, California, 90013, USA.
Branches:
	There were no branches found for this company.

Shareholders - Manager - Related Companies

Shareholders Parent Company(ies):
	This is a private company, Nikhil C Jhaveri, is the major shareholder of this company.
Management:
	Nikhil C Jhaveri, President

Financials - COMMERCIAL TRENDS AND FORECAST

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

We have contacted the company though we were unable to reach a representative, because we were getting either a busy line, or an answering machine. When we finally contacted Sandra, she refused to provide us with financial information in grounds of confidentiality.

Currency	DATE
USD	2010
Turnover	3,500,000

Currency	DATE
USD	2008
Turnover	3.4 M

Legal Fillings

There are eight UCC files listed with the Secretary of State of California.

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 22 years. It has a staff of 17 employees which makes it a medium sized company.

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

There was a good profitability for the year 2010. The revenue increased in a 2 %

A credit line may be considered for USD 50,000

SUMMARY

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

APPENDIX

Person Interviewed
	Sandra
Position
	Receptionist
Comments
	We have contacted the company though we were unable to reach a representative, because we were getting either a busy line, or an answering machine. When we finally contacted Sandra, she refused to provide us with financial information in grounds of confidentiality.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.37
UK Pound	1	Rs.73.54
Euro	1	Rs.62.39

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.