MIRA INFORM REPORT

Report Date :

16.06.2011

IDENTIFICATION DETAILS

Name :	DIACOLOR PTE. LTD.

Registered Office :	1 North Bridge Road #19-04/05 High Street Centre Singapore 179094

Country :	Singapore

Date of Incorporation :	20.04.2011

Com. Reg. No.:	201109558W

Legal Form :	Limited Exempt Private Company

Line of Business :	Retail Sale of Jewellery

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
----	NB	New Business	----

Status :	New Company

Payment Behaviour :	Unknown

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)

Singapore

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

Contact Points

Company Name:	Diacolor Pte. Ltd.
Supplied Name:	Diacolor Pte Ltd.
Supplied Address:	25 Claymore Road, Block A-02-02 Singapore 229543 Singapore

Notes: Subject’s exact registered number is as above.

Credit Summary

Credit Opinion:

Subject is newly set up and in view of the absence of information about subject’s financial status, caution should be exercised.

Special Notes

We tried to contact subject through the supplied number +65-8499-5155, and it is told that the number is incorrect number.

We did not find any operation information or contact information of subject from public files according to the supplied name or address, either.

Subject’s registration files show subject’s principal activities as follows, while the information is not confirmed by subject.

47731	RETAIL SALE OF JEWELLERY
46421	WHOLESALE OF JEWELLERY

We found the registration information of subject from local registry, supplying as follows for reference.

Company Identification Details

Registered Name:	Diacolor pte. Ltd.
Registered Address:	1 North Bridge Road #19-04/05 High Street Centre Singapore 179094
Date of Registration::	2011-4-20
Registered Number:	201109558W
Country of Incorporation:	Singapore
Registered Capital:	SGD 1,000,000 (USD 807,500) (As of 2011.06, 1 SGD = 0.8075 USD)
Paid-up Capital:	SGD 1,000,000 (USD 807,500) = 1,000,000 Shares@1 SGD
Legal Form:	Limited Exempt Private Company
Principal Activities:	47731--Retail Sale Of Jewellery 46421--Wholesale Of Jewellery
Staff:	N/A
Status:	Live Company
Listed at Stock Exchange:	No

Notes: the staff information is not available from subject or other sources.

History

Subject was incorporated on 2011-4-20 with registered number 201109558W as Limited Exempt Private Company in Singapore.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
Rishabh Tongya	490,000	49%
Divya Modi	510,000	51%
Total	1,000,000	100%

Major Shareholder Information:

1
Name:	Rishabh Tongya
ID Number:	G5128483L
Address:	25 Claymore Road #02-02 Claymore, The Singapore 229543
2
Name:	Divya Modi
ID Number:	G6011318T
Address:	25 Claymore Road #02-02 Claymore, The Singapore 229543

Subsidiaries & Branches

Subject did not register any subsidiaries or branches; from other source we can not obtain the relevant information, either.

Manage Information

Core Management

Detailed Information of Management:

1
Name:	Rishabh Tongya
Position:	Director
ID Number:	G5128483L
Address:	25 Claymore Road #02-02 Claymore, The Singapore 229543
Nationality:	American
Date of Appointment:	2011-4-20
2
Name:	Divya Modi
Position:	Director
ID Number:	G6011318T
Address:	25 Claymore Road #02-02 Claymore, The Singapore 229543
Nationality:	Indian
Date of Appointment:	2011-4-20
3
Name:	Vangal Rangarajan Ranganathan
Position:	Director
ID Number:	S2662860A
Address:	207 Serangoon Central #11-198 Singapore 550207
Nationality:	Singapore Citizen
Date of Appointment:	2011-4-20
4
Name:	Vangal Rangarajan Ranganathan
Position:	Secretary
ID Number:	S2662860A
Address:	207 Serangoon Central #11-198 Singapore 550207
Nationality:	Singapore Citizen
Date of Appointment:	2011-4-20

Operation Information

Since we did not get in touch with subject, we can not confirm subject’s operation information, thus we supplied subject’s principal activities in the registration files as follows for reference.

47731	RETAIL SALE OF JEWELLERY
46421	WHOLESALE OF JEWELLERY

Settlements

The settlement information is not available from subject or other sources.

Financial Information

Subject has no obligations to disclose its financial statements to the third party according to the relevant policy in Singapore, subject is newly set up, it did not submit its financials to the local registry and the only source from which we can obtain the information is the subject itself.

Since we did not get in touch with subject, the information is not available.

Bankers

The Bank details are not available from subject or other sources.

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.68
UK Pound	1	Rs.73.05
Euro	1	Rs.64.29

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.