MIRA INFORM REPORT

Report Date :

01.11.2011

IDENTIFICATION DETAILS

Name :	RICHOLD SA

Registered Office :	Cours de Rive 10 1204 Genève

Country :	Switzerland

Date of Incorporation :	24.08.1962

Com. Reg. No.:	660.0.201.962-6 / 153115

Legal Form :	Company limited by shares

LINE OF BUSINESS :	LEADING SUPPLIER OF RENOWNED WORLDWIDE WATCH AND JEWELLERY BRANDS.

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 – September 30, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Switzerland

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

Company name and address

Richold SA

Operating address:

Cours de Rive 10

1204 Genève

Switzerland/CH

Telephone: 022 7313150

Fax: 022 7314397

Web site: http://www.richold.com

E-mail: info@richold.com

VAT-No.: CHE107742528

Profile

Established: 1962

Line of Business: Consumer goods wholesale

Industry Division: Wholesale trade

Industry-code (NACE): 4648 Wholesale of watches and jewellery

Import/Export: Import, Export

Banks: unknown

Operational Figures

Coverage: Company

Employees: 1-9

Activity

The Company is the leading supplier of renowned worldwide watch and jewellery brands.

Real Estate

Information on property ownership was not available.

Company Register

Company No: 660.0.201.962-6 / 153115

Legal form: Company limited by shares

Registration: 24.08.1962

Legal status: active

Responsible Register: Registre du commerce du canton de Genève

Auditor: Berney et Associés SA Société Fiduciaire, Genève

History: Date of Statutes: 22.09.1988

Date of Statutes: 07.12.2004

Entry Deleted Name

active Richold SA

Entry Deleted Legal domicile

active Genève, Switzerland

Entry Deleted Address

14.07.2005 Cours de Rive 10, 1200 Genève, Switzerland/CH

14.07.2005 rue du Mont-Blanc 4, 1200 Genève/GE, Switzerland/CH

Entry Deleted Capital

09.12.2004 Share Capital CHF 5'050'000, paidup CHF 5'050'000

09.12.2004 Share Capital CHF 50'000, paidup CHF 50'000

Entry Deleted Capital Structure

09.12.2004 5'050 Registered shares of CHF 1'000.--

09.12.2004 500 Bearer shares of CHF 100.--

Entry Deleted Activity (original Language)

active Toutes affaires financières et commerciales et principalement achat, vente, échange, courtage, exportation et importation de pierres précieuses, diamants, bijoux et métaux précieux.

Entry Deleted Remarks (original Language)

active Publishing authority: FOSC.

active Board of directors: 1 ou plusieurs membres.

09.12.2004 Reports: Communication aux actionnaires: lettre recommandée.

Official Administration

Title Name

Executive Director Maurice Dabbah, Origin: Genève, Switzerland, Address: Genève, Switzerland, single signature

Executive board

Title Name

Chief Executive Officer Maurice Dabbah

Ultimate Parent Company

Name: Richold Holding SA

City/Country: Genève, Switzerland/CH

Owner/-s

No. of Owner/-s: 1

Owner: The company is domestic owned.

Class: 100%

Name: Richold Holding SA

City/Country: Genève, Switzerland/CH

Interest: 100.00% voting right, 100.00% capital interest

Sisters

Name: RICHOLD BELGIUM

City/Country: Antwerpen, Belgium/BE

Investments

It is believed that the company has no investments.

Legal Actions

Control date Year No. Amount CHF Status

11.01.2007 2007 0

11.01.2007 2006 0

An updated legal action check is only available against proof of interest. e.g. a copy of an enquiry letter, and order or invoice relating to the subject company.

Credit Information

Financial Statements: The company does not disclose any financial statements. Third parties are not permitted any insight into the financial affairs. It is therefore difficult to make a proper assessment of the actual situation.

Financial Situation: The financial situation is considered to be in order.

Payment experiences: There are no objections regarding the payment of financial obligations.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.48.87
UK Pound	1	Rs.78.11
Euro	1	Rs.68.36

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.