MIRA INFORM REPORT

Report Date :

08.07.2011

IDENTIFICATION DETAILS

Name :	PRAJNA TRADING INC

Registered Office :	Grand Mansion 411, 4-10-20 Minamisemba Chuoku Osaka 542-0081

Country :	Japan

Date of Incorporation :	April 2010

Com. Reg. No.:	1200-01-143487 (Osaka-Chuoku)

Legal Form :	Limited Company

Line of Business :	Import, wholesale of diamonds, diamond jewelry

RATING & COMMENTS

MIRA’s Rating :

RATING

STATUS

PROPOSED CREDIT LINE

New Business

Status :	New Company

Payment Behaviour :	Unknown

Litigation :	--

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 – March 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Japan

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

Name and address

PRAJNA TRADING INC

REGD NAME: Prajna Trading KK

MAIN OFFICE: Grand Mansion 411, 4-10-20 Minamisemba Chuoku Osaka 542-0081 JAPAN

Tel: (Not registered) Fax: (Not registered)

URL: N/A

ACTIVITIES

Import, wholesale of diamonds, diamond jewelry

BRANCHES

Nil

FACTORIES

(subcontracted)

OFFICERS

HIROSHI FUJIMA, PRES

Yen Amount: In million Yen, unless otherwise stated

SUMMARY

FINANCES UNDETD A/SALES Yen 30 M*

PAYMENTS UNKNOWN CAPITAL Yen 3 M

TREND UNDETD WORTH Yen 3 M

STARTED 2010 EMPLOYES 1

*.. First year sales target only

COMMENT

TRADING FIRM SPECIALIZING IN IMPORTING DIMONDS.

FINANCIAL SITUATION UNDETERMINED DUE TO THE RECENT INCEPTION AND WITHOUT PROVEN BUSINESS BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

HIGHLIGHTS

The subject company was established by Hiroshi Fujima in order to make most of his experience in the subject line of business. This is a one-man operated trading firm specializing in import and wholesale of diamonds, diamond jewelry, other. The information of the company is limited and the contents of this report are mainly based on the Registration Certificate we have obtained. The phone numbers are not registered with the Telephone Office both for the office and the president’s home address.

FINANCIAL INFORMATION

The sales volume for the initial fiscal term ended Mar/2010 were targeted at Yen 30 million. The final results not yet made available. No outside sources have the financial information.

Both the financial situation and business trends are not determined due to the recent inception and without proven business records but should be good for MODERATE business engagements. Max credit limit is unable to be assessed due to the same reason.

REGISTRATION

Date Registered: Apr 2010

Regd No.: 1200-01-143487 (Osaka-Chuoku)

Legal Status: Limited Company (Kabushiki Kaisha)

Authorized: 2,000 shares

Issued: 60 shares

Sum: Yen 3 million

Major shareholders (%): Hiroshi Fujima (100)

Nothing detrimental is known as to his commercial morality.

OPERATION

Activities: Imports and wholesales diamonds, diamond jewelry, other (--100%)

Clients: Jewel shops, jewelry processors, customers, other

No. of accounts: Unavailable

Domestic areas of activities: Centered in greater-Osaka

Suppliers: [Mfrs, wholesalers] Imports from India, other.

Location: Business area in Osaka. Office premises at the caption address are leased and maintained satisfactorily.

Bank References:

MUFG (Osaka)

Relations: Money deposits and transfers only

FINANCES

(In Million Yen)

NOT YET MADE AVAILABLE.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.42
UK Pound	1	Rs.70.95
Euro	1	Rs.63.63

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.