MIRA INFORM REPORT

Report Date :

14.05.2011

IDENTIFICATION DETAILS

Name :	JAY DIMON BVBA

Registered Office :	2, Hoveniersstraat, Antwerpen 2018

Country :	Belgium

Financials (as on) :	31.12.2009

Date of Incorporation :	19.12.2002

Com. Reg. No.:	479202962

Legal Form :	Private Limited Liability Company

Line of Business :	Wholesale of diamonds and other precious stones

RATING & COMMENTS

MIRA’s Rating :

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

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

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	12,878,112	9,367,758	-
Total Operating Expenses	12,808,838	9,279,156	-
Operating Result	69,274	88,602	64,958
Total Financial Income	1,036	13	717
Total Financial Expenses	40,437	65,021	31,975
Results on Ordinary Operations Before Tax	29,872	23,595	33,700
Taxation	11,329	9,602	9,729
Results on Ordinary Operations After Tax	18,543	13,993	23,971
Extraordinary Items	0	0	0
Net Result	18,543	13,993	23,971
Other Information
Dividends	-	-	-
Director Remuneration	-	-	-
Employee Costs	156	0	261
- Wages & Salaries	-	-	-
- Employee Pension Costs	-	-	-
- Social Security Contributions	-	-	-
- Other Employee Costs	156	-	261
Amortization & Depreciation	2,571	3,229	3,404
Balance Sheet
Intangible Fixed Assets	0	0	0
Tangible Fixed Assets	3,039	5,061	8,289
- Land And Buildings	0	0	0
- Plant And Machinery	640	1,440	2,929
- Other Tangible Assets	2,399	3,621	5,360
Financial Fixed Assets	2,601	2,601	2,601
Total Fixed Assets	5,640	7,662	10,890
Inventories	3,094,207	715,022	524,284
- Raw Materials & Consumables	0	0	0
- Work in Progress	0	0	0
- Finished Goods	0	0	0
- Other Stocks	3,094,207	715,022	524,284
Trade Debtors	3,895,285	4,769,897	6,458,455
Cash	295,941	20,674	20,414
- Miscellaneous Current Assets	1	1	6,599
Total Current Assets	7,288,905	5,509,828	7,011,503
Current Liabilities
- Trade Creditors	4,865,864	3,009,312	4,638,680
- Short Term Group Loans	0	0	0
- Other Short Term Loans	715,440	732,662	679,297
- Miscellaneous Current Liabilities	1,589,694	1,662,069	1,613,291
Total Current Liabilities	7,170,998	5,404,043	6,931,268
Long Term Debts
- Long Term Group Loans	0	0	0
- Other Long Term Loans	0	0	0
- Other Long Term Liabilities	1,519	362	1,634
Total Long Term Debts	1,519	362	1,634
Shareholders Equity
- Issued Share Capital	18,600	18,600	18,600
- Share Premium Account	0	0	0
- Reserves	103,428	94,484	70,891
- Revaluation Reserve	0	0	0
Total Shareholders Equity	122,028	113,084	89,491

Working Capital	117,907	105,785	80,235
Net Worth	122,028	113,084	89,491
Ratio Analysis
Trading Performance
Results on Ordinary Operations Before Taxation Margin	0.23	0.25	-
Return On Capital Employed	24.18	20.80	36.98
Return On Total Assets Employed	0.41	0.43	0.48
Return On Net Assets Employed	25.34	22.30	42
Sales / Net Working Capital	109.22	88.55	-
Operating Efficiency
Stock Turnover Ratio	24.03	7.63	-
Debtor Days	110.40	185.85	-
Creditor Days	138.66	118.37	-
Short Term Stability
Current Ratio	1.02	1.02	1.01
Liquidity Ratio / Acid Ratio	0.58	0.89	0.94
Current Debt Ratio	58.77	47.79	77.45
Long Term Stability
Gearing	586.29	647.89	759.07
Equity In Percentage	0.02	0.02	0.01
Total Debt Ratio	5.86	6.48	7.59

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
Full Name	SANJAY MOHANBHAI MUNJANI
Birth Date
Position Description	Manager
Address	170 BELGIELEI ANTWERPEN
Country	--
Postal Code	2018
Birth Date

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.

Company Summary
company details
Company Number	479202962
Name	JAY DIMON BVBA
Address	2, HOVENIERSSTRAAT, ANTWERPEN
Post Code	2018
Telephone Number	032307517
Fax Number	032324944
Establishment Date	19-12-2002
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	BELGIELEI
House Number	170
City	ANTWERPEN
Postal Code	2018
Trade Registered Number	354922
Trade Registered Entry Date	01-07-2003
Contractor Details
Registration Number	--
Contractor Description	--
Striking Off Date	--
Latest Event
Serial Number	158843
Event Description	Transfer of registered office
Industry Comparison
Industry Average Credit Limit (€)	103,512
Payment Expectations
Payment Expectations
Payment Expectation Days	138.66
Day Sales Outstanding	110.40
Industry Comparison
Activity Code	4676
Activity Description	Wholesale of other intermediate products
Industry Average Day Sales Outstanding	121.79
Industry Average Payment Expectation Days	131.46
Industry Quartile Analysis
Payment Expectations - Lower	40.54
Payment Expectations - Median	83.97
Payment Expectations - Upper	158.85

Day Sales Outstanding - Lower	30.09
Day Sales Outstanding - Median	72.35
Day Sales Outstanding - Upper	155.70

Company Information

Company Shareholder Holding

Company Court Data

Unit