MIRA INFORM REPORT

Report Date :

05.05.2011

IDENTIFICATION DETAILS

Name :	A.Z. DIAMOND BVBA
Registered Office :	Hoveniersstraat 2 Antwerpen 2018
Country :	Belgium
Financials (as on) :	31.12.2009
Date of Incorporation :	12/02/1997
Legal Form :	Private Limited Company (BL/LX)
Line of Business :	Wholesale of diamonds and other precious stones

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	Satisfactory
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 – December 31, 2010

Country Name	Previous Rating (30.09.2010)	Current Rating (31.12.2010)
Belgium	A1	A1

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

REGISTERED NAME & COMPANY SUMMARY

Business number	459966674	Company name	A.Z. DIAMOND BVBA
Address	HOVENIERSSTRAAT 2 ANTWERPEN	Telephone number	032314495
Post code	2018	Fax number	032269123
Date of establishment	12/02/1997	Number of staff	1

DIRECTORS/MANAGEMENT

Current director details

Name	PIERRE FERNAND PHILEMON ZELDENRUST
Position	Principal Manager
Date of birth	09/09/1952
Street	77 ALBERT JONNARTLAAN BRUSSEL
Post code	1200
Country	Belgium

Former director details

Name	PIERRE FERNAND PHILEMON ZELDENRUST
Position	Director
Date of birth	09/09/1952
Street	77 ALBERT JONNARTLAAN BRUSSEL
Post code	1200
Country	Belgium

NEGATIVE INFORMATION

Court data summary

Bankruptcy details
Court action type	No
Protested bills
Bill amount	-
NSSO details
Date of summons	-

Bankruptcy details

There is no bankruptcy data against this company

court data

there is no data for this company

SHARE & SHARE CAPITAL INFORMATION

Na

PAYMENT INFORMATION

Payment expectations

Past payments		Payment expectation days	92.11
Industry average payment expectation days	210.80	Industry average day sales outstanding	165
Day sales outstanding	63.79

Payment expectations

Payment expectation days	92.11
Day sales outstanding	63.79

Industry comparison

Activity code	46761
Activity description	Wholesale of diamonds and other precious stones
Industry average payment expectation days	210.80
Industry average day sales outstanding	165

Industry quartile analysis

Payment expectations	View graph
Company result	92.11
Lower	171.11
Median	104.98
Upper	49.81

Day sales outstanding	View graph
Company result	63.79
Lower	153.69
Median	75.14
Upper	33.09

Have you got a payment experience on this or any other

GROUP STRUCTURE & AFFILIATED COMPANIES

Holding company

No holding companies found

Subsidiaries

No subsidiary companies found

FINANCIAL INFORMATION

Accounts & ratios

Date of latest accounts	Turnover	Profit Before Tax	Net worth
31/12/2009	4,459,520	6,039	93,476
31/12/2008	10,405,150	432	89,163
31/12/2007	13,116,000	8,000	84,000

Profit & loss

Annual accounts	31-12-2009	%	31-12-2008	%	31-12-2007	Industry average 2009	%
Weeks	52		52		52
Currency	EUR		EUR		EUR
Turnover	4,459,520	-57.14	10,405,150	-20.67	13,116,000	27,559,303	-83.82
Total operating expenses	4,624,510	-55.81	10,464,316	-16.71	12,563,000	27,351,676	-83.09
Operating result	-164,990	-178	-59,166	-110	553,000	65,660	-351
Total financial income	181,771	85.32	98,084	-83.65	600,000	163,209	11.37
Total financial expenses	10,742	-72.09	38,486	96.22	-40,000	230,412	-95.34
Results on ordinary operations before taxation	6,039	1297	432	-94.60	8,000	-21,355	28.28
Taxation	1,726	64.54	1,049	34.97	-3,000	13,349	-87.07
Results on ordinary operations after taxation	4,313	699	-617	-105	11,000	-30,520	14.13
Extraordinary items	0	-100	5,815	93.83	3,000	5,281	-100
Other appropriations	0	-	0	0	-6000	-	-
Net result	4,313	-17.03	5,198	-35.02	8,000	-25,357	17.01
other information
Dividends	-	-	-	-	-	587,587	-
Director remuneration	-	-	-	-	-	117,842	-
Employee costs	30,950	5.69	29,285	0.98	29,000	131,179	-76.41
Wages and salary	24,202	5.03	23,043	4.74	22,000	112,576	-78.50
Employee pension costs	-	-	-	-	-	231,467	-

Social security contributions	4,744	10.49	4,294	7.35	4,000	28,546	-83.38
Other employee costs	2,004	2.88	1,948	-2.60	2,000	2,303	-12.98
Amortization and depreciation	7,107	-1.63	7,225	-27.75	10,000	23,016	-69.12
back to top

balance sheet

Annual accounts	31-12-2009	%	31-12-2008	%	31-12-2007	Industry average 2009	%
Weeks	52		52		52
Currency	EUR		EUR		EUR
Intangible fixed assets	0	-	0	-	0	8,214	-100
Tangible fixed assets	38,832	2.88	37,744	-3.22	39,000	168,173	-76.91
Land & building	17,042	-3.70	17,696	-1.69	18,000	335,274	-94.92
Plant & machinery	5,015	-36.10	7,849	-12.79	9,000	25,150	-80.06
Other tangible assets	16,775	37.51	12,199	1.66	12,000	20,653	-18.78
Financial fixed assets	372	-0.04	372	-	0	268,029	-99
Total fixed assets	39,204	2.86	38,116	-2.27	39,000	349,563	-88.78
Inventories	2,526,780	-48.89	4,943,516	16.51	4,243,000	2,714,920	-6.93
Raw materials & consumables	-	-	-	-	-	3,245,897	-
Work in progress	0	-	0	-	0	4,498	-100
Finished goods	2,526,780	-48.89	4,943,516	16.51	4,243,000	1,731,983	45.89
Other stocks	0	-	0	-	0	506,794	-100
Trade debtors	779,401	212	249,411	-87.52	1,998,000	2,965,734	-73.72
Cash	183,811	58.91	115,668	789	13,000	214,072	-14.14
other amounts receivable	3,446	-23.04	4,477	-10.46	5,000	279,887	-98.77
Miscellaneous current assets	3,885	27.59	3,045	-39.10	5,000	18,855	-79.39
Total current assets	3,497,322	-34.21	5,316,117	-15.13	6,264,000	5,752,125	-39.20
current liabilities
Trade creditors	1,166,989	-59.47	2,879,649	-17.61	3,495,000	2,369,818	-50.76
Short term group loans	-	-	-	-	-	-	-
Other short term loans	0	-	0	-100	296,000	1,371,851	-100
Miscellaneous current liabilities	14,643	2.97	14,220	-11.12	16,000	-96.81	- -
Total current liabilities	1,181,632	-59.17	2,893,869	-23.99	3,807,000	4,093,683	-71.14
Long term debts
Long term group loans	-	-	-	-	-	-	- -
Other long term loans	2,261,419	-4.63	2,371,201	-1.69	2,412,000	110	- -
Other long term liabilities	0	-	0	-	0	106,489	-100
Total long term debts	2,261,419	-4.63	2,371,201	-1.69	2,412,000	515,319	338
shareholders equity
Issued share capital	62,000	0	62,000	0	62,000	776,323	-92.01
Share premium account	-	-	-	-	-	117,911	-
Reserves	31,476	15.88	27,163	23.47	22,000	651,997	-95.17
Revaluation reserve	-	-	-	-	-	726,467	-
Total shareholders equity	93,476	4.84	89,163	6.15	84,000	1,446,450	-93.54
Working capital	2,315,690	-4.40	2,422,248	-1.41	2,457,000	1,658,442	39.63
Net worth	93,476	4.84	89,163	6.15	84,000	1,438,236	-93.50

ratio analysis

Annual accounts	31-12-2009	change(%)	31-12-2008	change(%)	31-12-2007	Industry average 2009	%
Trading performance
Profit Before Tax	0.14	-	0	-100	0.06	-13,00	1.08
Return on capital employed	0.26	1200	0.02	-93.75	0.32	-17,00	1.53
Return on total assets employed	0.17	1600	0.01	-92.31	0.13	-4,00	4.25
Return on net assets employed	6.46	1245	0.48	-94.96	9.52	6,00	7.67
Sales / net working capital	1.93	-55.12	4.30	-19.48	5.34	26,00	-99
Stock turnover ratio	56.66	19.26	47.51	46.86	32.35	203,00	-72.09
Debtor days	63.79	629	8.75	-84.26	55.60	393,00	-83.77
Creditor days	92.11	-8.29	100.44	-1.08	101.54	195,00	-52.76
short term stability
Current ratio	2.96	60.87	1.84	11.52	1.65	13,00	148
Liquidity ratio / acid ratio	0.82	530	0.13	-75.47	0.53	5,00	-83.60
Current debt ratio	12.64	-61.06	32.46	-28.38	45.32	-2,00	632
Liquidity ratio reprocessed	-	-	-	-	-	-	-
long term stability
Gearing	2419.26	-9.03	2659.40	-17.51	3223.81	71,00	3307
Equity in percentage	2.64	58.08	1.67	25.56	1.33	-68,00	3.88
Total debt ratio	36.83	-37.63	59.05	-20.25	74.04	-2,00	1841

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

Business number	459966674	Company name	A.Z. DIAMOND BVBA
Fax number	032269123	Date founded	12/02/1997
Company status	active	Company type	Private Limited Company (BL/LX)
Currency	Euro (€)	Date of latest accounts	31/12/2009
Activity code	46761	liable for VAT	yes
Activity description	Wholesale of diamonds and other precious stones	VAT Number	BE.0459.966.674.

Latest branch details

Street	-	Entry date	-
House or po box number	-	Trade register number	-
City	-
Post code	-

Contractor details Check Article 30 Bis

Registered contractor number	-
Contractor description	-
Date struck off register

Personnel limit NSSO

Code	-
Description	FROM 1 TO 4 EMPLOYEES

AMB Publications

AMB publication serial number	62090
Contents	Reappointment commissioner
Event filed date	30/04/2009

AMB publication serial number	53179
Contents	Change of legal form
Event filed date	14/04/2009

AMB publication serial number	53179
Contents	Dismissal
Event filed date	14/04/2009

AMB publication serial number	53179
Contents	Change of articles of association
Event filed date	14/04/2009

AMB publication serial number	53179
Contents	Appointment
Event filed date	14/04/2009

AMB publication serial number	130888
Contents	Reappointment commissioner
Event filed date	14/08/2006

AMB publication serial number	126458
Contents	Reappointment
Event filed date	07/09/2005

AMB publication serial number	66090
Contents	Reappointment
Event filed date	16/06/2003

elgian Bullettin of Acts Publications moniteur belge

AMB publication serial number	20090414-53179
Contents	Change of legal form BVBA / SPRL
Event filed date	30/03/2009

AMB publication serial number	20000412-136
Contents	Change of legal form NV / SA
Event filed date	28/03/2000

AMB publication serial number	20000412-136
Contents	Increase of capital from EUR 1859201 to EUR 3966296
Event filed date	28/03/2000

AMB publication serial number	20000412-136
Contents	Increase of capital from EUR 3966296 to EUR 62000
Event filed date	28/03/2000

AMB publication serial number	20000412-136
Contents	Conversion of share capital in EUR
Event filed date	28/03/2000

Joint Industrial Committee (JIC)

JIC Code	218
Description	Additional national joint committee for the employees
category

JIC Code	324
Description	Joint committee for the industry and the trade in diamant
category

Trends

Profitability
Liquidity
Net worth

Protested bills

Drawee name	-
Address	-
Bill amount	-
Bill currency	-
Maturity of bill	-
Name of drawer	-
City of drawer	-

NSSO details

Business number	459966674
Name of defendant	-
Legal form of defendant	-
Date of summons	-

Labour court

-

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441514801	DHAVAL GEMS BVBA	57	0	31/12/2009
441680293	ARPIC GEMS BVBA	78	105000	31/12/2009
441735327	SHALLOP DIAMONDS NV	48	0	31/12/2009
441793626	M K J DIAMONDS BVBA	-	-	-
442026525	JOGDIAM BELGIUM BVBA	72	300000	31/12/2009
442438279	YOUNES CHAOUKI DIAMONDS NV	88	550000	31/12/2009
443029286	R B S DIAMOND NV	60	97000	31/12/2009
443660578	DEVDIAM ENTERPRISE BVBA	-	-	-
443767872	GENESIS DIAMONDS BVBA	96	1150000	31/12/2009
444145380	BRINK'S DIAMOND & JEWELRY SERVICES BVBA	95	1450000	31/12/2009
444442320	JAPANESE DIAMOND SOCIETY INANTWERP IN VEREFFENING	70	1000	-
444664628	J.D.O. IN VEREFFENING NV	-	-	31/12/1998
444950777	ROYALSTAR IN VEREFFENING BVBA	-	-	31/12/2001
445449239	CHIRAG DIAMONDS BVBA	80	500000	31/12/2009
445501204	DINALIE BVBA	71	52000	31/12/2009
445501204	DINALIE BVBA	71	52000	31/12/2009
446356485	JEWELOK IN VEREFFENING BVBA	-	-	-
446607992	ASIAN-DIAMONDS BVBA	88	330000	31/12/2009
446829114	SUN-DIAM BVBA	90	410000	31/12/2009
447684197	UNITASK NV	70	0	31/12/2009
447832073	ISCA NV	63	13500	31/12/2009
448215917	M. FRIEDMAN & ZONEN BVBA	51	0	31/12/2009
448544925	Y & Y DIAMONDS IN VEREFFENING BVBA	-	-	-
448718832	DIVERSIFIED DIAMOND CORPORATION NV	-	-	31/12/2001
448819196	P&S DIAMONDS BVBA	66	31000	31/03/2010
448909268	RED RIVER DIAMONDS BELGIUM BVBA	-	-	-
449194429	BLUE SKY NV	61	20000	31/12/2009
449357349	IMMOROSE NV	58	0	31/12/2009
449829085	FIRST FRANCHISE CORPORATION IN VEREFFENING NV	-	-	-
450237475	BEAUTIFUL GEMS BVBA	80	59000	31/12/2009
450237475	BEAUTIFUL GEMS BVBA	80	59000	31/12/2009
450356647	KONDIAT (ANTWERP) IN VEREFFENING NV	-	-	-
450821455	ARTHUR TRAU DIAMONDS IN VEREFFENING BVBA	-	-	31/12/2001
451327241	WAFA DIAMONDS IN VEREFFENING BVBA	-	-	-
451739787	ZLAYET AND SONS DIAMONDS BVBA	95	330000	31/12/2009
451739787	ZLAYET AND SONS DIAMONDS BVBA	95	330000	31/12/2009
452535385	EUROPEAN COMMODITIES TRADING IN VEREFFENING NV	-	-	-
452535385	EUROPEAN COMMODITIES TRADING IN VEREFFENING NV	-	-	-
452878548	CAPE DIAMONDS IN VEREFFENING BVBA	-	-	31/12/2006
453082842	INTERCONTINENTAL GEMS MERCHANTS BVBA	-	-	-
453648214	POLICOM DIAMONDS IN VEREFFENING BVBA	-	-	-
453786388	M.S. RAHAMIN DIAMONDS BVBA	-	-	-
453943667	SALLY TRADING BVBA	83	1000	31/12/2009
454109458	KEDEM DIAMONDS BVBA	74	0	31/12/2009
454626132	AFTERGUT N. & ZONEN BVBA	72	1350000	31/12/2009
454711353	WEST COAST TRADING IN VEREFFENING BVBA	-	-	-
455128354	SUSSKIND DIAMONDS IN VEREFFENING NV	-	-	30/06/2004
455271775	FORESIGHT & CO BVBA	71	27000	31/12/2009
455304538	EURODOMUS REAL ESTATE COMPANY NV	47	0	31/12/2009
455564161	SIEROUGH BVBA	-	-	31/12/2006
455947312	JUST DIAMONDS BVBA	88	260000	31/12/2009
455947312	JUST DIAMONDS BVBA	88	260000	31/12/2009
456247418	TEJ-DIAM BVBA	67	16000	30/06/2010
456455769	SUNNEX BVBA	61	475000	31/12/2009
456632052	JATY RON IN VEREFFENING BVBA	-	-	-
458088735	SHALU GAMBH IN VEREFFENING BVBA	-	-	-
458866517	FENIKS NV	66	83000	31/12/2009
458979650	D.C.C. IN VEREFFENING BVBA	-	-	-
459494740	THE BUDDA DIAMOND COMPANY BVBA	70	10500	31/12/2009
460469193	THE LEVY'S GROUP BVBA	59	0	31/12/2009
460568965	THE DALI CORPORATION IN VEREFFENING BVBA	-	-	31/12/2006
461031003	L.D. GEMS BVBA	47	0	31/12/2009
461031102	ADL GROUP BVBA	52	0	31/12/2009
461159081	AALISHA GEMS BVBA	86	780000	31/12/2009
461159180	CO.CO. DIAMONDS IN VEREFFENING	-	-	31/12/2002
462600126	D. NAVINCHANDRA GEMS BVBA	73	370000	31/12/2009
462623880	A.K. DIAM BVBA	57	0	31/12/2009
463650694	PRISTINE DIAMONDS NV	78	210000	31/12/2009
463903983	NATURAL INDUSTRIAL DIAMONDS NV	67	1000	31/12/2009
463916059	DIACCENTS NV	80	185000	31/12/2009
464008408	CASA GI INTERNATIONAL NV	61	18000	31/07/2010
465396201	NETALDIAM BVBA	59	0	31/12/2009
465886941	MILLENIUM.P.A.N. NV	47	0	31/12/2009
466656310	LAGUNA GEMS IN VEREFFENING NV	-	-	31/10/2005
467147545	SHAÏ DIAMONDS BVBA	56	0	31/12/2009
467219702	BRILLIANT STAR BVBA	65	210000	31/12/2009
471781274	SZWARCBURT DIAMOND TRADING COMPANY BVBA	79	99000	31/12/2009
472420385	WAHL SALIK HOLDING NV	55	0	30/06/2010
472549455	K.G.K FINE JEWELLERY BVBA	41	0	31/12/2009
472707922	LA VITTORIA BVBA	64	4000	31/12/2009
473016441	AYE DIAMOND BVBA	81	3000	-
473705042	M.B.D BVBA	66	18500	31/12/2009
474815691	RANDIAM BVBA	67	18000	31/12/2009
475134704	ANTWERP DIAMONDS IN CENTIVES BVBA	-	-	-
475138860	STAR GEM WORLD DIAMONDS BVBA	37	0	31/12/2009
476576242	CLASSIC DIAM BVBA	79	250000	31/12/2009
476640974	H.R.P. DIAM BVBA	73	410000	31/12/2009
476782318	RGBS NV	52	0	31/12/2009
477791118	EUROTRENDS BVBA	61	18500	31/12/2009
477862580	DIAMOND CRÉATIONS BVBA	46	0	31/12/2009
477918604	DHANERA DIAM BVBA	-	-	31/12/2003
478090135	HK DIAM BVBA	69	1300000	31/12/2009
479202962	JAY DIMON EBVBA	74	305000	31/12/2009
479568691	B.G.A.DIAMONDS BVBA	68	150000	31/12/2009
479816636	ETERNAL DIAMONDS BVBA	64	24000	31/12/2009
480721904	YASH GEMS BVBA	78	300000	31/12/2009
505181740	BERENFELD MICHEL	-	-	-
506205683	OLLECH MAX & ENGEL ABRAHAM FV	-	-	-
506342770	LEMBERGER HENRI & LEMBERGER A FV	-	-	-
506414036	WEINBERG YEHUDI	-	-	-
506434624	HOCHBERG CHAIM	-	-	-
506487181	FRIEDMAN MECHEL	-	-	-
506489854	SHIMER MOOLY	-	-	-
506499554	THALER JEHUDA	-	-	-
506503613	KARNY ELISHA	90	3000	-
506523706	SHEMESH JACOB	-	-	-
506530634	ABEND JOËL	-	-	-
506531129	AMANA NISSIM	-	-	-
506538156	KEDEM YEHESKEL	-	-	-
506542710	ZLAYET ROUBEN	-	-	-
506574580	RAGHOEBARSINGH DIEPNARAINSINGH	-	-	-
509703128	SHALLOP EMMANUEL	-	-	-
806757314	DREAMS OF AFRICA BVBA	31	0	31/12/2009
806940129	MINDA BROTHERS BVBA	49	0	31/12/2009
809577440	INTERNATIONAL DIAMOND GROUP NV	39	0	31/12/2009
811078465	VEEKAY JEWELS BVBA	45	0	31/12/2009
812715686	BICHACHI DIAMONDS BVBA	26	0	-
819087301	QUALYTIME BVBA	25	0	-
820556256	J.K STAR BVBA	28	0	-
821133110	DIAMONDS TOP COLLECTION BVBA	40	0	-
821185964	VAN DER STEEN DIAMOND TECHNOLOGY BVBA	52	0	-
823123390	KGK INTERNATIONAL BVBA	26	0	-
825564129	NATRESCOM JEWELRY BVBA	22	0	-
827971511	THE SOURCE BVBA	24	0	-
828266469	KARAKO DIAMONDS BVBA	26	0	-
828631507	CARBON BVBA	24	0	-
830514988	JAY INTERNATIONAL BVBA	31	0	-
830951290	DIAMANTAIRE BVBA	31	0	-
832850116	A.D. DIAMOND BVBA	33	0	-
832850116	A.D. DIAMOND BVBA	33	0	-
832929595	VHENY DIAMONDS BVBA	32	0	-
833032040	ROCK'N STONES BVBA	33	0	-
833032040	ROCK'N STONES BVBA	33	0	-
833556731	JOGDIMON BVBA	33	0	-
834925718	BAZZY DIAMONDS BVBA	33	0	-
851240722	MEDEEIGENDOM ANTWERPS DIAMANTCENTRUM FV HOVENIERST	100	6000	-
860531144	DERS BVBA	60	80000	31/12/2009
860809573	ALPS DIAM BVBA	74	500000	31/12/2009
862915067	LAXMI JEWEL (BELGIUM) BVBA	35	0	31/12/2009
864339878	YONG ANTWERP DIAMOND MANUFACTURERS VZW	66	1000	-
864817455	JAY IMPEX BVBA	49	0	31/12/2009
864817455	JAY IMPEX BVBA	49	0	31/12/2009
867105863	YOUNG ANTWERP DIAMOND MANUFACTURERS VZW	56	0	-
869693684	SHANI IMPEX BVBA	56	0	31/12/2009
870716738	INTERJEWEL EUROPE NV	74	745000	31/12/2009
870884212	MOOLY DIAMONDS IN VEREFFENING BVBA	-	-	31/12/2008
871664764	EURO INDUSTRIAL DIAMANT IN VEREFFENING BVBA	-	-	31/12/2007
871665259	A.S.D. BVBA	49	0	31/12/2009
871794923	CONGO GEMS BVBA SO	52	0	31/12/2009
872383554	TRISTAR BVBA	44	0	31/12/2009
872384247	RISING STAR BVBA	63	240000	31/12/2009
872420968	A-DX.NET BVBA	40	0	31/12/2009
873166581	ANTWERP JEWELS & DIAMONDS MANUFACTURES BVBA	43	0	31/12/2009
873539438	LUKHI DIAM BVBA	66	270000	31/12/2009
874438469	ORDIAM BVBA	52	0	31/12/2009
874627521	J.R. DIAM BVBA	65	210000	31/12/2009
874701755	DUBROVSKI DIAMOND BVBA	-	-	31/12/2007
875319288	BSD BVBA	56	0	31/12/2009
875795182	ANTWERP ROUGH P/A 1STE BTW-CONTR GCV	-	-	-
876856937	CAPITAL DIAMONDS BVBA	60	16500	31/12/2009
877549201	H&G SWITZERLAND BVBA	38	0	31/12/2009
877760918	CHORON (BELGIUM) CVA	60	54000	31/12/2009
879633810	BOOBIJOU BVBA	35	0	31/12/2009
880292618	SKD INTERNATIONAL BVBA	54	0	30/06/2010
880539472	MRD DIAMONDS BVBA	62	500	31/12/2009
880558080	NOVEL COLLECTION BVBA	64	190000	31/12/2009
881088216	CLASSIC JEWELLERY BVBA	51	0	31/12/2009
881373474	MATRIX DIAMOND TECHNOLOGY BVBA	50	0	31/12/2009
882874796	AFRODIAM BVBA	43	0	31/12/2009
883548353	LILIB BVBA	59	0	31/12/2009
885665230	KT CONSULTING BVBA	42	0	31/12/2009
886078073	ENOLEASE BVBA	39	0	31/12/2009
886658291	TYDEX BVBA	51	0	31/12/2009
887137155	SUNVIEW NV	67	82000	31/12/2009
889356079	SARTOR BVBA	-	-	31/12/2007
889750613	GEM QUEST BVBA	38	0	31/12/2009
891406640	RAJ GEMS BVBA	49	0	31/12/2009
892903014	H.D. DIAM BVBA	50	0	31/12/2009
894781943	H.V.DIAM BVBA	43	0	31/12/2009
895348701	RAY DIAM BVBA	55	0	31/12/2009
896518243	LAXMI IMPEX B.V.B.A. BVBA	29	0	30/06/2009
898272755	HG DIAMONDS NV	40	0	31/12/2009
899048854	FIFTH GENERATION BVBA	42	0	31/12/2009

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.59
UK Pound	1	Rs.73.42
Euro	1	Rs.66.04

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.