MIRA INFORM REPORT

Report Date :

21.05.2011

IDENTIFICATION DETAILS

Name :	SPARKLING JEWELRY INC

Registered Office :	550 S Hill St Ste 1070, Los Angeles, Ca 90013

Country :	United States

Date of Incorporation :	08.03.2007

Legal Form :	Corporation for Profit

Line of Business :	Jewelry and precious stones store

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Small Company

Payment Behaviour :	Usually Correct

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)

United States

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

Bottom of Form

GEOPOLITICS - UNITED STATES

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal

Economic Risk: Nil

Currency: USD

Branch Situation: Stable

IDENTIFICATION

Ordered as:	Sparkling Jewels Usa
Address in the order:	Jewels on Fifth 576, 5th Avenue Suite 805 New York NY 10036
Comments on data supplied:	The search using the company's address listed the following contact information: 576 Fifth Avenue, Suite 805 New York, NY 10036 Phone: (212) 869-5115 Fax: (212) 869-1399 The company at this location indicates having no knowledge about Sparkling Jewels USA without being willing to cooperate extensively. We nevertheless found a company with the same name in California. We did the report on this company.
Legal Name:	SPARKLING JEWELRY INC
Trade Name:	SPARKLING JEWELS USA
Legal Address	550 S HILL ST STE 1070, LOS ANGELES, CA 90013, USA

Telephone:	+ 1 (213) 623-1818	ID :	C2982961
Fax:	+ 1 (213) 623-1817	Legal Form:	Corporation for Profit
Email:	info@sparklingjewelries.com	Registered in:	California
Website:	http://sparklingjewelries.com	Date Created:	2007
Manager:	Shweta Shah, President	Date Incorporated:	March 8th, 2007
Staff:	4	Stock:	NA
		Value:	NA
Activity:	Jewelry and precious stones store.

BANKS

Name of the Bank

Leumi Bank

BUSINESS

HISTORY
	This is a private company categorized under Jewelry and Precious Stones. It´s a young and small company, established in 2007 in Los Angeles, California.
PRINCIPAL ACTIVITY
	Jewelry and precious stones store. The staff confirmed worldwide business partners.
Products/Services description:
	Jewelry Watches Precious Stones Precious Metals
Sales are:
	Wholesale
Operations area:
	National, International
The subject employs 4 employee(s)
PAYMENTS
	made on a 50 days basis - monitored over the last 12 months
LOCATION
Headquarters
	The company is headquartered in: 550 S HILL ST STE 1070, LOS ANGELES, CA 90013, USA

Shareholders - Manager - Related Companies

Shareholders Parent Company(ies):
	This is a private company, Shweta Shah is the major shareholder.
Management:
	Shweta Shah, President, Nirav Shah, Chief Executive Officer.

Financials - COMMERCIAL TRENDS AND FORECAST

As a private company the subject does not publish any financial statements.

However our financial sources could provide us with the following data (estimates):

Currency	DATE
USD	2010
Turnover	16,000,000

Comments on the financial data: The 2009 financials were not confirmed by the staff.

The staff confirmed a volume of transaction in the range of 26,000,000 USD for 2010.

Legal Fillings

There is 1 UCC files listed with the Secretary of State of California.

There are no legal filings listed with the District Court.

For information:

The Uniform Commercial Code (UCC) is one of a number of uniform acts that have been promulgated in conjunction with efforts to harmonize the law of sales and other commercial transactions in all 50 states within the United States of America.

The UCC deals primarily with transactions involving personal property (movable property), not real property (immovable property).

It allows a creditor to notify other creditors about a debtor’s assets used as collateral for a secured transaction by filing a public notice (financing statement) with a particular filing office.

The Uniform Commercial Code Bureau files and maintains on financial obligations (including IRS liens) incurred by individuals (in business as a sole proprietor), business entities and corporations.

Rating

Local credit bureau gave an encouraging credit rate.

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

Final Opinion

This is a young and small sized US company.

The structure is definitely profitable.

The length of payment is regular.

The company can bear a credit line with confidence.

A business connection can be granted.

Frequent monitoring is required to confirm that the company is remaining on a very positive path.

SUMMARY

FINANCIAL SUMMARY		DEBT COLLECTIONS AND PAYMENTS
Profitability	GOOD	Public Records	NO
Indebtedness	CONTROLLED	Payments	REGULAR
Cash	NORMAL

ADVISED CREDIT

200,000 USD

APPENDIX

Person Interviewed
	Nirav Shah
Position
	Chief Executive Officer
Comments
	He confirmed all the information included in the report.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.93
UK Pound	1	Rs.72.92
Euro	1	Rs.64.34

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.