MIRA INFORM REPORT

Report Date :

04.01.2011

IDENTIFICATION DETAILS

Name :	ROLLING STONE FZE

Registered Office :	Dubai Airport Free Zone, West Side, Building W119B, 1^st Floor, Office No. 3, Al Quds Street, P O Box 54475, Dubai

Country :	United Arab Emirates

Financials (as on) :	31.12.2009

Date of Incorporation :	19.06.2003

Legal Form :	Free Zone Establishment

Line of Business :	Import and distribution of diamonds, precious stones and jewellery items

RATING & COMMENTS

MIRA’s Rating :

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

Status :	Moderate

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 – June 30, 2010

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

United Arab Emirates

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

SUMMARY

Company Name : ROLLING STONE FZE

Country of Origin : Dubai, United Arab Emirates

Legal Form : Free Zone Establishment - FZE

Registration Date : 19^th June 2003

Trade Licence Number : 289

Issued Capital : UAE Dh 1,000,000

Paid up Capital : UAE Dh 1,000,000

Total Workforce : 3

Activities : Import and distribution of diamonds, precious stones and jewellery

items

Financial Condition : Fair

Payments : Nothing detrimental uncovered

Operating Trend : Steady

Person Interviewed : Manish Trivedi, General Manager

COMPANY NAME

ROLLING STONE FZE

company ADDRESS

Registered & Physical Address

Location : Dubai Airport Free Zone, West Side, Building W119B, 1^st Floor, Office No. 3

Street : Al Quds Street

PO Box : 54475

Town : Dubai

Country : United Arab Emirates

Telephone : (971-4) 2995940 / 2995941

Facsimile : (971-4) 2995942

Mobile : (971-50) 3452478

Email : rolling@emirates.net.ae

Premises

Subject operates from a small suite of offices that are rented and located in the Dubai Airport Free Zone.

KEY PRINCIPALS

Name Nationality Position

· Peter Lane British Managing Director

· Manish Trivedi - General Manager

LEGAL FORM & OWNERS

Date of Establishment : 19^th June 2003

Legal Form : Free Zone Establishment - FZE

Trade Licence No. : 289 (Expires 19^th June 2011)

Issued Capital : UAE Dh 1,000,000

Paid up Capital : UAE Dh 1,000,000

Name of Shareholder (s) Percentage

· Peter Lane 100%

OPERATIONS

Activities: Subject operates with a general trade licence but specialises in the import and distribution of diamonds, precious stones and jewellery items.

Import Countries: Europe and the Far East

Operating Trend: Steady

Subject has a workforce of 3 employees.

FINANCIAL DATA

Financial highlights provided by local sources are given below:

Currency: United Arab Emirates Dirham (UAE Dh)

Year Ending 31/12/08: Year Ending 31/12/09:

Total Sales UAE Dh 58,650,000 UAE Dh 65,000,000

Local sources consider subject’s financial condition to be Fair.

The above financial figures were confirmed by Manish Trivedi, General Manager

BANKERS

· ABN Amro Bank

Deira Branch

PO Box: 2567

Dubai

Tel: (971-4) 3512200

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

During the course of this investigation nothing detrimental was uncovered regarding subject’s operating history or the manner in which payments are fulfilled. As such the company is considered to be a fair trade risk.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.67
UK Pound	1	Rs.69.45
Euro	1	Rs.59.37

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.