MIRA INFORM REPORT

Report Date :

10.08.2012

IDENTIFICATION DETAILS

Name :	OBSCHESTVO S OGRANICHENNOY OTVETSTVENNOSTYU TORGOVYY DOM KAMEYA SO
Registered Office :	Svobody str., 35, bldg. 18, Moscow, 125362
Country :	Russian Federation
Financials (as on) :	01.01.2007
Date of Incorporation :	04.02.2003
Com. Reg. No.:	1037739399543
Legal Form :	Limited Liability Company
Line of Business :	Manufacture and sales of jewels
No. of Employees :	200 (approx.)

RATING & COMMENTS

MIRA’s Rating :

B

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

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Exists

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, 2012

Country Name	Previous Rating (31.12.2011)	Current Rating (31.03.2012)
Russian Federation	A2	A2

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

sComments

Information

The address and the telephone number mentioned in your inquiry belong to the company Obschestvo s ogranichennoy otvetstvennostyu "TORGOVYY DOM "KAMEYA SO" (name in English: "TRADING HOUSE "KAMEYA SO" LIMITED LIABILITY COMPANY). The company operates under trading name KAMEYA. We provide the report on this company.

Summary

Original Name		Obschestvo s ogranichennoy otvetstvennostyu "TORGOVYY DOM "KAMEYA SO"
	Legal Form		OOO (Limited Liability Company by Russian Law)
	Year of Foundation		2000
	Sales		1 106 659 th RUR for 12 months, ended 01.01.2007
	Employees		200 (approx.) on August, 08, 2012 (company's data)

Company Identification Details

Original Name		Obschestvo s ogranichennoy otvetstvennostyu "TORGOVYY DOM "KAMEYA SO"
	Short Name		OOO "TORGOVYY DOM "KAMEYA SO"
	Name in English		"TRADING HOUSE "KAMEYA SO" LIMITED LIABILITY COMPANY
	Address		Svobody str., 35, bldg. 5, Moscow, 125362, Russian Federation
	Legal Address		Svobody str., 35, bldg. 18, Moscow, 125362, Russian Federation
	Phone		+7 (495) 7440307
	Fax		+7 (495) 7440307
	E-mail		info@kameya.ru
	WEB Address		www.kameya.ru
	History		12.01.2007: Legal Address changed from Volokolamskoe shosse, 108, Moscow, 125424, Russian Federation

Official Company Data

Legal Form		OOO (Limited Liability Company by Russian Law)
	Date of Registration		04.02.2003
	Registration Number		1037739399543
	Statistic Code (OKPO)		54786497
	Taxpayer Code (INN)		7733104388
	Registration Authority		Ministry for Taxes and Duties of Russian Federation Interregional Inspection N 39 within Moscow

Public Record Information

Information

The company Obschestvo s ogranichennoy otvetstvennostyu "TORGOVYY DOM "KAMEYA SO" was not included in the published list of bankrupt companies.

Share Capital

Current Share Capital

10 000 RUR

Shareholders

Total		2 private persons
Shareholder		Mr Didyaev Valeriy Vladimirovich
	Nationality		Russian Federation
	Address		Isakovskogo str., 39, ap. 15, Moscow, 123631, Russian Federation
	Date of Birth		07.11.1966
	Taxpayer Code (INN)		246600435157
	Share		50 %
Shareholder		Ms Karetnikova Anna Anatol'evna
	Nationality		Russian Federation
	Address		Isakovskogo str., 39, ap. 15, Moscow, 123631, Russian Federation
	Date of Birth		10.06.1963
	Taxpayer Code (INN)		246602650287
	Share		50 %

Directors

Director		Mr Didyaev Valeriy Vladimirovich
			Signature Right
	Nationality		Russian Federation
	Address		Isakovskogo str., 39, ap. 15, Moscow, 123631, Russian Federation
	Date of Birth		07.11.1966
	Taxpayer Code (INN)		246600435157

Re-Registration Data

Initial Registration		20.07.2000
	Registration Number		State Register Chamber within Ministry of Justice of Russian Federation
	Registration Authority		Moscow Register Chamber
	Date of Registration		04.02.2003
			(Entering into the Single State Register of Legal Entities)
	Registration Number		1037739399543
	Registration Authority		Ministry for Taxes and Duties of Russian Federation Interregional Inspection N 39 within Moscow
Date of Re-registration		25.12.2003
	File Number		2037733064202
	Registration Authority		Ministry for Taxes and Duties of Russian Federation Inspection N 33 within Moscow
	Changes		Company's Rules
Date of Re-registration		12.07.2004
	File Number		2047733021114
	Registration Authority		Ministry for Taxes and Duties of Russian Federation Inspection N 33 within Moscow
	Changes		Company's Rules
Date of Re-registration		12.01.2007
	File Number		2077746156630
	Registration Authority		Federal Tax Service of Russian Federation Interregional Inspection N 46 within Moscow
	Changes		Legal Address
Date of Re-registration		28.10.2009
	File Number		6097748093020
	Registration Authority		Federal Tax Service of Russian Federation
	Changes		Company's Rules
Date of Re-registration		12.03.2012
	File Number		6127746503362
	Registration Authority		Federal Tax Service of Russian Federation
	Changes		Company's Rules
Date of Re-registration		28.06.2012
	File Number		9127746528175
	Registration Authority		Federal Tax Service of Russian Federation
	Changes		Company's Rules

Operations

Activities		Manufacture and sales of jewels. The company operates under trading name KAMEYA.
Staff Employed		200 (approx.) on August, 08, 2012 (company's data)
	Employees' History		199 on December, 06, 2011 (company's data) 115 on July, 07, 2010 (company's data) 100 (approx.) on August, 21, 2009 (company's data) 100 (approx.) on November, 14, 2008 (company's data) 100 (approx.) on March, 17, 2008 (company's data) 44 on January, 01, 2004 (official data)

Real Estate

Own	none
Rent	Office, industrial area, warehouse Address: Svobody str., 35, bldg. 18, Moscow, 125362, Russian Federation (company's data)

Export & Import

Export Countries		2005-2011: No Export Activity
	Exported Goods		none
	Export Value		none
Import Countries		2005-2011: No Import Activity
	Imported Goods		none
	Import Value		none

Branches

Branch

Ekaterinburg branch Tel: +7 (343) 3783290, 3783305 Khabarovsk branch Tel.: +7 (4212) 347578, 342584 Novosibirsk branch Tel.: +7 (3832) 297494, 247496

Participation

Information

None

Related Companies

Information

Mr Didyaev Valeriy Vladimirovich and Ms Karetnikova Anna Anatol'evna are also a shareholders of companies: OOO "M.YU.Z. "KAMEYA" Registration number: 1035008853395 OOO "SISTEMY EKSPLUATATSII" Registration number: 1087746174966 OOO "RUSKONSALT" Registration number: 1037706038446 OOO "INITSIATIVA" Registration number: 1057747123257 OOO "AT-KONSALTING" Registration number: 1067746263881

Bankers

Bank		OAO AKB "METALLINVESTBANK", bank code: 044585163 (Russian Federation)
	Account(s)		40702810300000001200 (RUR)
Bank		AB "IBG NIKOYL" (OAO), bank code: 044525566 (Russian Federation)
	Account(s)		40702810601000000437 (RUR)
Bank		OAO "VNESHTORGBANK", Khabarovsk branch, bank code: 040813727 (Russian Federation)
	Account(s)		40702810602000004620 (RUR)

Financial Data

Profit and Loss (extract)

The following figures are shown in units of 1000

Period, months		12		12		12		12
	Ended		01.01.2007		01.01.2006		01.01.2005		01.01.2004
	Currency		RUR		RUR		RUR		RUR
	SALES		1106659		572104		418341		305081
	Cost of Goods sold		955586		483292		369685		267406
	GROSS PROFIT		151073		88812		48656		37675
	Distribution Costs		112989		63118		30395		21573
	Management Costs
	OPERATING PROFIT		38084		25694		18261		16102
	Non Trading Income		-12708		-12705		-12380		-11016
	PRE TAX PROFIT		25376		12989		5880		5086
	Taxation		7190		3790		2136		1418
	PROFIT AFTER TAX		18186		9199		3744		3513

Balance Sheet (extract)

The following figures are shown in units of 1000

As at		01.01.2007		01.01.2006		01.01.2005		01.01.2004
	Currency		RUR		RUR		RUR		RUR
	TOTAL FIXED ASSETS		13453		14369		13386		15977
	Intangible Assets		1012		1274		1431		1620
	Fixed Assets		6072		4830		1291		4153
	TOTAL CURRENT ASSETS		249651		127119		88501		113372
	Stock		114254		79413		50647		47664
	Trade debtors		82251		32759		28768		41080
	Cash		22409		6426		4456		5087
	TOTAL ASSETS		263104		141488		101887		129349
	TOTAL EQUITY		39708		21522		12322		8578
	Share Capital		10		10		10		10
	Retained Profits		39698		21512		12312		8568
	TOTAL LONG TERM LIABS
	Long Term Loans
	TOTAL CURRENT LIABS		223396		119966		89565		120771
	Short Term Loans		94783		57836		57114		57389
	Short Term Trade Creditors		128613		62130		32451		63382
	TOTAL EQUITY & LIABS		263104		141488		101887		129349

Key Credit Ratios

The following figures are shown as Ratios or Percentages

Accounts Date		01.01.2007		01.01.2006		01.01.2005		01.01.2004
	Current Ratio		1,12		1,06		0,99		0,94
	Working Capital, x1000 RUR		26255		7153		-1064		-7399
	Quick Ratio		0,61		0,4		0,42		0,54
	Debt to Equity Ratio		5,63		5,57		7,27		14,08
	Current Assets Turnover		4,43		4,5		4,73		2,69
	Total Assets Turnover Ratio		4,21		4,04		4,11		2,36
	Pre Tax Profit Margin, %		2,29		2,27		1,41		1,67
	Gross Profit, %		13,65		15,52		11,63		12,35
	Return on Investment, %		63,91		60,35		47,72		59,29
	Return on Assets, %		9,64		9,18		5,77		3,93

Clients & Suppliers

Clients		OAO "TPK YASHMA" (Russian Federation) OOO "YUVELIKA" (Russian Federation) OAO "TUYMAADA DAYMOND" (Russian Federation) OOO "BALTIYSKIY IZUMRUD" (Russian Federation) OOO "GRAND-M" (Russian Federation) OOO TORGOVYY DOM "BARS" (Russian Federation)
	Suppliers		OAO "KRASNOYARSKIY ZAVOD TSVETNYKH METALLOV IM. V.N. GULIDOVA" (Russian Federation) OOO "ANDROMEDA" (Russian Federation) OOO "YUVELIRNYY ZAVOD "DIAMANT" (Russian Federation) OOO "CHASOVOY ZAVOD MAKTAYM" (Russian Federation) OOO "EPF OLIN" (Russian Federation) OOO "YUP "ZOLOTOE RUNO" (Russian Federation) OOO STOLICHNYY YUVELIRNYY ZAVOD "ADAMAS" (Russian Federation) OOO "YUD "AKVAMARIN" (Russian Federation) OOO "AL'TAIR-2005" (Russian Federation)

Actions at law

The information of Arbitration court of Moscow about judicial claims is presented

Date of registration		19.10.2009
	Registration number		A40-46315/09
	Plaintiff		Private Businesswoman Ms Rakhimova Zinaida Egorovna
	Defendant		OOO "TORGOVIY DOM "KAMEYA SO"
	Claim sum		-
	Claim category		Economic disputes

Date of registration	24.06.2008
Registration number	A60-7719/07
Plaintiff	OOO "TORGOVIY DOM "KAMEYA SO"
Defendant	OOO "BAGIRA"
Claim sum	-
Claim category	Economic disputes

Date of registration	28.11.2007
Registration number	A60-32360/07
Plaintiff	OOO "TORGOVIY DOM "KAMEYA SO"
Defendant	OOO "YUVELIRNAYA KOMPANIYA "GEFEST"
Claim sum	-
Claim category	Economic disputes

Date of registration	26.07.2011
Registration number	A40-80799/11
Plaintiff	OOO "TORGOVIY DOM "KAMEYA SO"
Defendant	OOO RUSKAYA GRUPPA
Claim sum	1 479 450 RUR
Claim category	Default of obligations under the contract

Date of registration	18.02.2011
Registration number	A40-16533/11
Plaintiff	OOO "TORGOVIY DOM "KAMEYA SO"
Defendant	OOO MAKSIMA
Claim sum	105 340 RUR
Claim category	Default of obligations under the contract

Date of registration	30.03.2012
Registration number	A40-48778/2012
Plaintiff	OOO "TORGOVIY DOM "KAMEYA SO"
Defendant	OAO "PERVOE ROSSIYSKOE STRAKHOVOE OBSCHESTVO"
Claim sum	2 188 621 RUR
Claim category	Default of obligations under the contract

Date of registration	30.03.2012
Registration number	A40-48781/2012
Plaintiff	OOO "TORGOVIY DOM "KAMEYA SO"
Defendant	OOO AMETIST
Claim sum	143 740 RUR
Claim category	Default of obligations under the contract

Date of registration	16.05.2012
Registration number	A60-22801/2012
Plaintiff	OOO "TORGOVIY DOM "KAMEYA SO"
Defendant	OOO INTERA
Claim sum	1 109 550 RUR
Claim category	Default of obligations under the contract

Date of registration	22.06.2012
Registration number	A40-85961/2012
Plaintiff	OOO "TORGOVIY DOM "KAMEYA SO"
Defendant	OOO ENTER
Claim sum	11 583 637 RUR
Claim category	Default of obligations under the contract

Date of registration	26.07.2012
Registration number	A40-102005/2012
Plaintiff	OOO ESSIER
Defendant	OOO "TORGOVIY DOM "KAMEYA SO"
Claim sum	250 000 RUR
Claim category	Default of obligations under the contract

Publications

Date		2012
	Source		The Federal Tax Service of Russian Federation
	Text of Publication		The Federal Tax Service of Russian Federation has published the information that Ms Karetnikova Anna Anatol'evna (as private person) does't have not paid taxes.
Date		2012
	Source		The Federal Tax Service of Russian Federation
	Text of Publication		The Federal Tax Service of Russian Federation has published the information on not paid taxes of Mr Didyaev Valeriy Vladimirovich: Date: 05.08.2012 Type of tax: The tax to property of physical persons. The tax sum: 3 099.62 RUR

Financial Data

We couldn't get the financial data on the company of 2007 - 2010 years, because there weren't company's financial data of 2007 - 2010 years in the Federal Statistics Service of Russian Federation.

Original Financial Data (Russian Accounting Report in English)

Balance Sheet

	The following figures are shown in units of 1000
ASSETS		Line code		as at 01.01.2005		as at 01.01.2006		as at 01.01.2007
I. NON-CURRENT ASSETS
Intangible assets		110		1431		1274		1012
	Fixed assets		120		1291		4830		6072
	Construction in progress		130		-		-		-
	Income-bearing investments in tangible assets		135		10664		8264		6369
	Long-term financial investments		140		-		-		-
	Deferred tax assets		145		-		-		-
	Other non-current assets		150		-		-		-
	Total section I		190		13386		14369		13453
II. CURRENT ASSETS
Inventories		210		50647		79413		114254
	including :
	raw materials and other inventories		211		9064		7053		8258
	livestock		212		-		-		-
	work in progress		213		-		-		-
	finished goods and goods for resale		214		41380		72167		105418
	goods dispatched		215		-		-		-
	expenses related to future periods		216		203		193		578
	other supplies and expenditures		217		-		-		-
	Value added tax on purchased goods		220		4630		8513		38
	Accounts receivable (payments expected beyond 12 months after the reporting date)		230		-		-		-
	including :
	buyers and customers		231		-		-		-
	Accounts receivable (payments expected within 12 months after the reporting date)		240		28768		32759		82251
	including :
	buyers and customers		241		22456		30380		78941
	Short-term investments		250		-		-		30700
	Monetary assets		260		4456		6426		22409
	Other current assets		270		-		8		-
	Total section II		290		88501		127119		249651
TOTAL SECTIONS I and II		300		101887		141488		263104
EQUITY AND LIABILITIES
III. EQUITY AND RESERVES
Share capital		410		10		10		10
	Treasury shares		411		-		-		-
	Additional capital		420		-		-		-
	Legal reserve		430		-		-		-
	including :
	reserves and provisions formed in   accordance with legislation		431		-		-		-
	reserves formed in accordance   with foundation documents		432		-		-		-
	Retained earnings (loss)		470		12312		21512		39698
	Total section III		490		12322		21522		39708
IV. NON-CURRENT LIABILITIES
Borrowings		510		-		-		-
	Deferred tax liabilities		515		-		-		-
	Other non-current liabilities		520		-		-		-
	Total section IV		590		-		-		-
V. CURRENT LIABILITIES
Borrowings		610		57114		57836		94783
	Accounts payable		620		32451		62130		128613
	including :
	suppliers and contractors		621		28647		55682		112161
	salaries payable		622		177		212		665
	payable to state non-budget funds		623		74		61		200
	taxes payable		624		167		1264		2905
	other creditors		625		3387		4912		12682
	Dividends payable to participants (shareholders)		630		-		-		-
	Income of future periods		640		-		-		-
	Reserves for future expenses  and payments		650		-		-		-
	Other current liabilities		660		-		-		-
	Total section V		690		89565		119966		223396
TOTAL SECTIONS III,IV,V		700		101887		141488		263104

PROFIT AND LOSS ACCOUNT

The following figures are shown in units of 1000

PARAMETER		Line code		01.01.2007		01.01.2006		01.01.2005
INCOME FROM AND EXPENSES ON ORDINARY ACTIVITIES
Sale of goods, products, work, services (less VAT, excise tax, other similar mandatory payments)		010		1106659		572104		418341
	Cost of goods, products, work, services sold		020		955586		483292		369685
	Gross profit		029		151073		88812		48656
	Selling expenses		030		112989		63118		30395
	Administrative expenses		040		-		-		-
	Profit (loss) from operations		050		38084		25694		18261
OTHER INCOME AND EXPENSES
Interest income		060		187		-		-
	Interest expenses		070		7614		7013		7867
	Income from investments in other companies		080		-		-		-
	Other operating income		090		3124		2932		3393
	Other operating expenses		100		8405		8624		4885
	Non-operating income		120		-		-		126
	Non-operating expenses		130		-		-		3147
	Profit (loss) before profit tax		140		25376		12989		5880
	Deferred tax assets		141		-		-		-
	Deferred tax liabilities		142		-		-		-
	Current profit tax		150		7190		3790		2136
	Net profit (loss) for the reporting period		190		18186		9199		3744

Rates of Exchange

RUR - Russian Rouble		01.01.2011:   1 EUR = 40.49 RUR,   1 USD = 30.35 RUR
	EUR - EURO		01.01.2010:   1 EUR = 43.46 RUR,   1 USD = 30.19 RUR
	USD - US Dollar		01.01.2009:   1 EUR = 41.43 RUR,   1 USD = 29.39 RUR

DIAMOND INDUSTRY – INDIA

- From time immemorial, India is well known in the world as the birthplace for diamonds.  It is difficult to trace the origin of diamonds but history says that in the remote past, diamonds were mined only in India. Diamond production in India can be traced back to almost 8^th Century B.C.  India, in fact, remained undisputed leader till 18^th Century when Brazilian fields were discovered in 1725 followed by emergence of S. Africa, Russia and Australia.

- The achievement of the Indian diamond industry was possible only due to combination of the manufacturing skills of the Indian workforce and the untiring and unflagging efforts of the Indian diamantaires, supported by progressive Government policies.

- The area of study of family owned diamond businesses derives its importance from the huge conglomerate of family run organizations which operate in the diamond industry since many generations.

- Some of the basic traits of family run business enterprises include spirit of entrepreneurship, mutual trust lowers transaction costs, small, nimble and quick to react, information as a source of advantage and philanthropy.

- Family owned diamond businesses need to improve on many fronts including higher standard of corporate governance, long-term performance – focused strategies, modern management and technology.

- The diamond jewellery industry in India today may be more than Rs 60000 mil and is rated amongst the fastest growing  in the world. Indi ranks third in the world in domestic diamond consumption.

- Utmost caution is to be exercised while dealing with some medium and large diamond traders which are usually engaged in fictitious import – export, inter-company transactions, financially assisted by banks. In the process, several public sector banks lost several hundred million rupees. They mostly diverted borrowed money for diamond business into real estate and capital markets.

- Excerpts from Times of India dated 30^th October 2010 is as under –

DIAMOND SAGA – DIRTY DOZEN STUCK WITH 2K CR DEBT

This could be the biggest credibility crisis the Indian diamond industry has ever faced. Fifteen banks run the risk of losing Rs 2000 crore lent to a dozen diamond firms in Surat. Until about two months ago, they had not repaid  these dues. Bankers believe many diamantaires borrowed money during the economic downturn two years ago and diverted funds to businesses like real estate and capital markets. Many of themselves made money from these businesses but their diamond companies have gone sick and declared insolvency.

- Most of the money borrowed from the banks in the name of their diamond business has been diverted in real estate and the share market. The banks are not in a position to seize their properties because in many cases, these were purchased in the name of their relatives and friends.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.17
UK Pound	1	Rs.86.43
Euro	1	Rs.68.27

INFORMATION DETAILS

Report Prepared by :

MNL

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.