MIRA INFORM REPORT

Report Date :

14.05.2011

IDENTIFICATION DETAILS

Name :	FORTUNE JEWELLERY FZE
Registered Office :	Royal Diamond Building, 2^nd Floor, Office No. 206, Gold Souq, P O Box 182477, Dubai
Country :	United Arab Emirates
Date of Incorporation :	25.08.2010
Legal Form :	Free Zone Establishment
Line of Business :	Distributors of diamonds and jewellery.

RATING & COMMENTS

MIRA’s Rating :

NB

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

Status :	New Company
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)
United Arab Emirates	a2	a2

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

SUMMARY

Company Name : FORTUNE JEWELLERY FZE

Country of Origin : Dubai, United Arab Emirates

Legal Form : Free Zone Establishment - FZE

Registration Date : 25^th August 2010

Trade Licence Number : 5425

Issued Capital : UAE Dh 1,000,000

Paid up Capital : UAE Dh 1,000,000

Total Workforce : 2

Activities : Distributors of diamonds and jewellery.

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

COMPANY NAME

FORTUNE JEWELLERY FZE

company ADDRESS

Registered & Physical Address

Building : Royal Diamond Building, 2^nd Floor, Office No. 206

Area : Gold Souq

PO Box : 182477

Town : Dubai

Country : United Arab Emirates

Telephone : (971-4) 2290864

Facsimile : (971-4) 2290894

Mobile : (971-50) 1192092

Email : mantrajewelsdubai@gmail.com

Premises

Subject operates from a small suite of offices that are rented and located in the Central Business Area of Dubai.

KEY PRINCIPALS

Name Nationality Position

· Raj Kumar Sanchati Indian Managing Director

· Rahul Babana - Commercial Manager

LEGAL FORM & OWNERS

Date of Establishment : 25^th August 2010

Legal Form : Free Zone Establishment - FZE

Trade Licence No. : 5425 (Expires 24^th April 2011)

Issued Capital : UAE Dh 1,000,000

Paid up Capital : UAE Dh 1,000,000

Name of Shareholder (s) Percentage

· Raj Kumar Sanchati 100%

AFFILIATED COMPANIES

· Mantra Jewels LLC

Dubai

Tel: (971-4) 2290864

Fax: (971-4) 2290894

· Al Thamen Trading FZE

PO Box: 58634

Dubai

Tel: (971-4) 2290864

Fax: (971-4) 2290894

OPERATIONS

Activities: Engaged in the import and distribution of diamonds and jewellery.

Import Countries: Europe and the Far East.

Subject has a workforce of 2 employees.

FINANCIAL DATA

Subject is a newly formed business and as a result financial information is not currently available.

BANKERS

· Commercial Bank of Dubai

Baniyas Street

Deira

PO Box: 1709

Dubai

Tel: (971-4) 2227121 / 2253222

Fax: (971-4) 2220943 / 2254565

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

In view of subject’s infancy, extensive payment and financial are not available, therefore dealings are recommended to be on secured terms, and a close monitoring of subject’s business development is advisable.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.91
UK Pound	1	Rs.73.06
Euro	1	Rs.64.03

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

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.