MIRA INFORM REPORT

Report Date :

11.10.2011

IDENTIFICATION DETAILS

Name :	APS JAPAN CO LTD

Registered Office :	YMD Bldg 301, 5-13-7 Ueno Taitoku Tokyo 110-0005

Country :	Japan

Date of Incorporation :	November 2010

Com. Reg. No.:	(Tokyo-Taitoku) 031714

Legal Form :	Limited Company

Line of Business :	Import, Wholesale of jewelry

RATING & COMMENTS

MIRA’s Rating :

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

Status :	New Company

Payment Behaviour :	Unknown

Litigation :	---

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)

Japan

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

Company name

APS JAPAN CO LTD

REGD NAME

APS Japan KK

MAIN OFFICE

YMD Bldg 301, 5-13-7 Ueno Taitoku Tokyo 110-0005 JAPAN

Tel: 03-3839-5999 Fax: 03-3839-5990

URL: N/A

ACTIVITIES

Import, wholesale of jewelry

BRANCHES

Nil

OFFICERS

SONAL SHAHSHAILES KUMAR, PRES

Yen Amount: In million Yen, unless otherwise stated

SUMMARY

FINANCES UNDETD A/SALES Yen 100 M*

PAYMENTS Unknown CAPITAL Yen 10 M

TREND UNDETD WORTH Yen 10 M

STARTED 2010 EMPLOYES 3

*.. Sales target only

COMMENT

TRADING FIRM SPECIALIZING IN JEWELRY.

FINANCIAL SITUATION UNDETERMINED DUE TO THE RECENT INCEPTION BUT SHOULD BE GOOD FOR MODERATE BUSIENSS ENGAGEMENTS.

MAX CREDIT LIMIT: UNABLE TO BE ASSESSED DUE TO THE RECENT INCEPTION AND WITHOUT PROVEN BUSINESS

HIGHLIGHTS

The subject company was established by Sonal Shah on the basis of restructuring of Anmol Gems Inc, owned by him (See REGISTRATION). This is a trading firm specializing in import and wholesale of diamonds, diamond jewelry, other jewelry products. Goods are imported from India, other.

FINANCIAL INFORMATION

The sales are targeted at Yen 100 to 200 million for the initial one year term. No interim sales figures are disclosed. There is a sign of recovery in consumer spending.

Both the financial situation and business trends are not determined due to the recent inception but should be good for MODERATE business engagements. Max credit limit is unable to be assessed as yet.

REGISTRATION

Date Registered: Nov 2010

Regd No.: (Tokyo-Taitoku) 031714

Legal Status: Limited Company (Kabushiki Kaisha)

Authorized: 800 shares

Issued: 200 shares

Sum: Yen 10 million

Major shareholders (%): Sonal Shah Shailes Kumar (100)

*.. Anmol Gems Inc, founded 1997, capital Yen 25 million, sales Yen 100 million, pres Sonal Shah Shailes Kumar, concurrently. The firm closed and registered closure on 18/04/2011 to the Registration Office.

Nothing detrimental is known as to his commercial morality.

OPERATION

Activities: Imports and wholesales diamonds, diamond jewelry, other jewelry (--100%)

Clients: Jewelry processors, jewelry stores, wholesalers, other

No. of accounts: 100

Domestic areas of activities: Centered in greater-Tokyo

Suppliers: [Mfrs] Imports from India, other

Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.

Bank References:

Local Bank (Tokyo)

Relations: Money deposits and transfers only

FINANCES

(In Million Yen)

NOT MADE AVAILABLE AS YET

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.07
UK Pound	1	Rs.76.65
Euro	1	Rs.66.17

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.