MIRA INFORM REPORT

Report Date :

22.07.2011

IDENTIFICATION DETAILS

Name :	KRUPA DIMON BVBA
Registered Office :	12, Hoveniersstraat, Antwerpen 2018
Country :	Belgium
Financials (as on) :	31.12.2009
Date of Incorporation :	30.03.2005
Legal Form :	Private Limited Liability Company
Line of Business :	Wholesale of diamonds and other precious stones

RATING & COMMENTS

MIRA’s Rating :

Ca

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Slow
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 – March 31^st, 2011

Country Name	Previous Rating (31.12.2010)	Current Rating (31.03.2011)
Belgium	A1	A1

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

Company Summary
company details
Company Number	873167076
Name	KRUPA DIMON BVBA
Address	12, HOVENIERSSTRAAT, ANTWERPEN
Post Code	2018
Telephone Number	032816951
Fax Number	037072100
Establishment Date	30-03-2005
Company Status	ACTIVE
Company Type	Private limited liability company
Number of Employees	0
Activity Description	Wholesale of diamonds and other precious stones
Activity Code	46761
Liable For Vat	yes
Currency	Euro (€)
Latest Branch Details
Street	VAN EYCKLEI
House Number	53
City	ANTWERPEN
Postal Code	2018
Trade Registered Number	0
Trade Registered Entry Date	01-05-2005
Contractor Details
Registration Number	--
Contractor Description	--
Striking Off Date	--
Latest Event
Serial Number	162444
Event Description	Appointment
Rating and Limit
Payment Expectations
Payment Expectations
Payment Expectation Days
Day Sales Outstanding
Industry Comparison
Activity Code	4676
Activity Description	Wholesale of other intermediate products
Industry Average Day Sales Outstanding	124.66
Industry Average Payment Expectation Days	137
Industry Quartile Analysis
Payment Expectations - Lower	41.25
Payment Expectations - Median	90.32
Payment Expectations - Upper	162.53
Day Sales Outstanding - Lower	31.52
Day Sales Outstanding - Median	75.21
Day Sales Outstanding - Upper	158.58
Company Shareholder Holding

Company Accounts

Period
Accounts End Date	31-12-2009	31-12-2008	31-12-2007
Currency	EUR	EUR	EUR
Weeks	52	52	52
Profit & Loss
Turnover	-	-	-
Total Operating Expenses	-	-	-
Operating Result	-7,276	9,081	6,773
Total Financial Income	-	99	-
Total Financial Expenses	2,847	3,431	2,287
Results on Ordinary Operations Before Tax	-10,122	5,749	4,486
Taxation	-	1,221	758
Results on Ordinary Operations After Tax	-10,122	4,528	3,728
Extraordinary Items	0	0	0
Net Result	-10,122	4,528	3,728
Other Information
Dividends	-	-	-
Director Remuneration	-	-	-
Employee Costs	0	0	0
- Wages & Salaries	-	-	-
- Employee Pension Costs	-	-	-
- Social Security Contributions	-	-	-
- Other Employee Costs	-	-	-
Amortization & Depreciation	500	532	447
Balance Sheet
Intangible Fixed Assets	0	0	0
Tangible Fixed Assets	2,349	1,251	1,014
- Land And Buildings	0	0	0
- Plant And Machinery	262	568	1,014
- Other Tangible Assets	2,087	683	0
Financial Fixed Assets	0	0	0
Total Fixed Assets	2,349	1,251	1,014
Inventories	1,355,089	783,979	559,592
- Raw Materials & Consumables	0	0	0
- Work in Progress	0	0	0
- Finished Goods	0	0	0
- Other Stocks	1,355,089	783,979	559,592
Trade Debtors	167,327	382,513	571,130
Cash	5,023	89,194	1,247
- Miscellaneous Current Assets	1	0	0
Total Current Assets	1,529,086	1,255,716	1,133,066
Current Liabilities
- Trade Creditors	1,149,222	839,003	726,981
- Short Term Group Loans	0	0	0
- Other Short Term Loans	0	1,021	96
- Miscellaneous Current Liabilities	361,595	386,322	380,910
Total Current Liabilities	1,510,817	1,226,346	1,107,987
Long Term Debts
- Long Term Group Loans	0	0	0
- Other Long Term Loans	0	0	0
- Other Long Term Liabilities	119	0	0
Total Long Term Debts	119	0	0
Shareholders Equity
- Issued Share Capital	18,600	18,600	18,600
- Share Premium Account	0	0	0
- Reserves	1,899	12,021	7,494
- Revaluation Reserve	0	0	0
Total Shareholders Equity	20,499	30,621	26,094
Working Capital	18,269	29,370	25,079
Net Worth	20,499	30,621	26,094
Ratio Analysis
Trading Performance
Results on Ordinary Operations Before Taxation Margin	-	-	-
Return On Capital Employed	-49.09	18.77	17.19
Return On Total Assets Employed	-0.66	0.46	0.40
Return On Net Assets Employed	-55.41	19.57	17.89
Sales / Net Working Capital	-	-	-
Operating Efficiency
Stock Turnover Ratio	-	-	-
Debtor Days	-	-	-
Creditor Days	-	-	-
Short Term Stability
Current Ratio	1.01	1.02	1.02
Liquidity Ratio / Acid Ratio	0.12	0.38	0.52
Current Debt Ratio	73.70	40.05	42.46
Long Term Stability
Gearing	0	3.33	0.37
Equity In Percentage	0.01	0.02	0.02
Total Debt Ratio	0	0.03	0

Company Court Data
Protested Bills
Drawee Name	--
Drawee Address	--
Bill Amount
Bill Currency	--
Maturity of Bill (month)
Name of Drawer	--
City of Drawer	--
NSSO Details
Name of Defendant	--
Legal Form of Defendant	--
Date of Summons
Labour Court	--
Directors
Company Director
FullName	PARAS SURESHKUMAR SAVANI
BirthDate
Position Description	Manager
Address	53 VAN EYCKLEI ANTWERPEN
Country	--
PostalCode	2018
BirthDate
Company Director
FullName	ANJA SWARUP
BirthDate
Position Description	Manager
Address	7 JOS RATINCKXSTRAAT BERCHEM (ANTW.)
Country	--
PostalCode	2600
BirthDate	2011-06-27

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.43
UK Pound	1	Rs.71.89
Euro	1	Rs.63.41

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
--	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.