MIRA INFORM REPORT

Report Date :

07.09.2012

IDENTIFICATION DETAILS

Name :	KGK DIAMONDS (INDIA) PRIVATE LIMITED
Registered Office :	647-A, Pancharatna, Opera House, Mumbai – 400004, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	01.10.2009
Com. Reg. No.:	11-196167
Capital Investment / Paid-up Capital :	Rs.195.000 Millions
CIN No.: [Company Identification No.]	U36911MH2009PTC196167
TAN No.: [Tax Deduction & Collection Account No.]	MUMK19593A
PAN No.: [Permanent Account No.]	AADCK7579A
Legal Form :	Private Limited Liability Company.
Line of Business :	Manufacturer of Cut and Polished Diamonds.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (42)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 3600000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a relatively new company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered normal for business dealings at usual trade terms and condition.

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 – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

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

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Short term = A3
Rating Explanation	This rating are considered to have moderate degree of safety regarding timely payment of financial obligation such instruments carry higher credit risk
Date	July 2012

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

LOCATIONS

Registered Office :	647- A, Panchratna, Opera House, Mumbai – 400004, Maharashtra, India
Tel. No.:	91-22-40077789/ 23698811-15
Fax No.:	91-22-23699102
E-Mail :	dhara.jain@kgkmail.com enquiry.india@kgkmail.com abhishek.jakhetiya@kgmail.com sampat.kothari@kgkmail.com
Website :	www.kgkgroup.com
Corporate Office :	1501, Panchratna, Opera House, Mumbai – 400004, Maharashtra, India
Tel. No.:	91-22-40077777/ 23673939/ 23679251
Fax No.:	91-22-23696058
Overseas Bank :	Located at: · USA · China · Hong Kong · Thailand · Japan · Russia · Israel · Germany · Belgium · South Africa · UAE

DIRECTORS

(AS ON 30.12.2010)

Name :

Mr. Navrattan Ghisilal Kothari

Designation :

Director

Address :

401, Khatau Condominium, 15-A, J.Mehta Marg, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

27.06.1942

Date of Appointment :

01.10.2009

DIN No.:

00137063

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U51900MH1984PTC032788	KGK DIAJEWELS PRIVATE LIMITED	Director	13-08-85	13-08-85	-	Active	NO
2	U67120MH1985PTC037351	KAYGEE HOLDINGS PRIVATE LIMITED	Director	03-09-85	03-09-85	-	Active	NO
3	U70100MH1988PTC046524	PRECIOUS PROPERTIES PRIVATE LIMITED	Director	13-02-89	13-02-89	-	Active	NO
4	U36912MH1989PTC054783	KOTHARI DIAMOND INDUSTRIES PRIVATE LIMITED	Director	28-12-89	28-12-89	-	Active	NO
5	U36910MH1990PTC054834	NAVRATNA GEMS PRIVATE LIMITED	Director	02-01-90	02-01-90	-	Active	NO
6	U67120MH1983PTC031248	POPULAR INVESTMENTS PRIVATE LIMITED	Director	15-05-91	15-05-91	-	Active	NO
7	U36911MH1990PTC059592	KGK JEWELLERY PRIVATE LIMITED	Director	12-08-93	12-08-93	-	Active	NO
8	U29269MH1960PLC011589	PAPER MILL AND PLANT AND MACHINERY MANUFACTURERS LIMITED	Director	15-10-93	15-10-93	-	Active	NO
9	U51900MH1991PTC060185	TRISHUL COMMERCIALS PRIVATE LIMITED	Director	21-03-94	21-03-94	-	Active	NO
10	U99999MH1964PTC012833	KALPATARU GARDENS PRIVATE LIMITED	Director	05-07-94	05-07-94	-	Active	NO
11	U67120MH1994PTC082200	K G K INVESTMENT COMPANY PRIVATE LIMITED	Director	20-10-94	20-10-94	-	Active	NO
12	L36999TN1994PLC028895	GOTHI PLASCON (INDIA) LIMITED	Director	09-12-94	09-12-94	03-05-07	Active	NO
13	U65910MH1995PTC085359	MARUDHAR LEASE FINANCING PRIVATE LIMITED	Director	08-02-95	08-02-95	-	Active	NO
14	U36910MH1990PTC055961	KGK CREATIONS (MFG) PRIVATE LIMITED	Director	17-05-95	17-05-95	-	Active	NO
15	U55101RJ1997PTC013071	PANCHRATNA MOTELS AND RESORTS PRIVATE LIMITED	Director	02-01-97	02-01-97	-	Active	NO
16	U36911RJ1997PLC013181	JAIPUR GEM BOURSE LTD.,	Director	24-01-97	24-01-97	-	Active	NO
17	U01117RJ1996PTC013020	PINKCITY GARDENS PRIVATE LIMITED	Director	09-05-98	09-05-98	-	Active	NO
18	U01119RJ1995PTC009381	PRERNA AGRICULTURAL FARMS PRIVATE LIMITED	Director	09-05-98	09-05-98	-	Active	NO
19	U45201RJ1996PTC012976	TANMAYA GARDENS PRIVATE LIMITED	Director	09-05-98	09-05-98	-	Active	NO
20	U55101RJ1998PTC014617	RATNALAYA HOTELS AND DEVELOPERS PRIVATE LIMITED	Director	21-05-01	21-05-01	-	Active	NO
21	U45201RJ2001PTC017127	SUBAKO DEVELOPERS PRIVATE LIMITED	Director	07-08-01	07-08-01	-	Active	YES
22	U45201RJ2001PTC017320	KGK INFRASTRUCTURE PRIVATE LIMITED	Director	12-12-01	12-12-01	-	Active	NO
23	U45201RJ1997PTC014154	KGK INNOVATIVE PRIVATE LIMITED	Director	30-04-03	30-04-03	-	Active	NO
24	U18101MH1993PTC072859	KGK PROPERTIES PRIVATE LIMITED	Director	12-07-03	12-07-03	-	Active	NO
25	U67120MH1995PTC084439	SHUBHAM AMUSEMENTS PRIVATE LIMITED	Director	18-02-04	18-02-04	-	Active	NO
26	U55100MH2004PTC149500	JAL MAHAL RESORTS PRIVATE LIMITED	Director	10-11-04	10-11-04	-	Active	NO
27	U70100MH1999PTC119578	KGK CREATIONS (INDIA) PRIVATE LIMITED	Director	02-02-08	23-03-06	-	Active	NO
28	U63040WB1994PLC062139	GLOBE FOREX AND TRAVELS LIMITED	Director	01-07-06	01-07-06	01-02-08	Active	NO
29	U51398MH1984NPL033787	BHARAT DIAMOND BOURSE	Director	28-09-06	28-09-06	29-09-08	Active	NO
30	U45201RJ2005PTC020591	TRIMURTI BUILDHOME PRIVATE LIMITED	Director	30-09-06	30-09-06	-	Active	NO
31	U45201RJ2005PTC020299	CLASSIC BUILDTECH PRIVATE LIMITED	Director	30-09-06	30-09-06	-	Active	NO
32	U45201RJ2006PTC023216	AXIS ROYAL REAL ESTATE DEVELOPERS PRIVATE LIMITED	Director	12-10-06	12-10-06	-	Active	NO
33	U45201RJ2006PTC023227	KGK REAL ESTATE PRIVATE LIMITED	Director	16-10-06	16-10-06	-	Active	NO
34	U36911RJ1988PTC004689	FINE GEMS EXPORT PRIVATE LIMITED	Director	08-06-07	15-12-06	-	Active	NO
35	U45201RJ2007PTC023836	SOUTHERN BUILDMART PRIVATE LIMITED	Director	12-02-07	12-02-07	01-10-09	Active	NO
36	U45201RJ2007PTC023944	INCREDIBLE CITYHOME PRIVATE LIMITED	Director	01-03-07	01-03-07	01-10-09	Active	NO
37	U17120MH1983PTC031708	MARUDHAR PROPERTIES PRIVATE LIMITED	Director	06-04-07	06-04-07	-	Active	NO
38	U70101RJ1998PTC015206	PRANAY CREATIONS PRIVATE LIMITED	Director	29-09-07	23-04-07	-	Active	NO
39	U36912MH2007PTC171061	KGK GEMS PRIVATE LIMITED	Director	22-05-07	22-05-07	-	Active	NO
40	U45201RJ2007PTC024462	INCREDIBLE REAL ESTATE PRIVATE LIMITED	Director	23-05-07	23-05-07	01-10-09	Active	NO
41	U45400MH2007PTC171281	ANK RESOURCES PRIVATE LIMITED	Director	04-06-07	04-06-07	-	Active	NO
42	U45201RJ2007PTC024722	SUNMOON BUILDMART PRIVATE LIMITED	Director	11-07-07	11-07-07	01-10-09	Active	NO
43	U45201RJ2007PTC024823	ROCKTUFF REAL ESTATE PRIVATE LIMITED	Director	08-08-07	08-08-07	-	Active	NO
44	U45201RJ2007PTC024822	ABHINAV PROPMART PRIVATE LIMITED	Director	08-08-07	08-08-07	18-01-11	Active	NO
45	U45201RJ2007PTC024824	SYNERGY LANDMART PRIVATE LIMITED	Director	08-08-07	08-08-07	18-01-11	Active	NO
46	U67190MH1996PTC097558	COMET PORTFOLIO SERVICES PRIVATE LIMITED	Director	17-09-07	17-09-07	-	Active	NO
47	U80302RJ2007NPL025326	INDIAN INSTITUTE OF GEMS AND JEWELLERY JAIPUR	Director	16-11-07	16-11-07	-	Active	NO
48	U45201RJ2006PTC022962	SHRI KALYAN BUILDMART PRIVATE LIMITED	Director	29-09-08	05-01-08	-	Active	NO
49	U45200MH2008PTC183162	KGK REALTIES PRIVATE LIMITED	Director	04-06-08	04-06-08	-	Active	NO
50	U45201RJ2008PTC027707	KGK INFRASTRUCTURE AND DEVELOPERS PRIVATE LIMITED	Director	10-11-08	10-11-08	-	Active	NO
51	U14200MH2009PTC192282	KGK RESOURCES PRIVATE LIMITED	Director	09-05-09	09-05-09	-	Active	NO
52	U14200MH2009PTC192284	VKK RESOURCES PRIVATE LIMITED	Director	09-05-09	09-05-09	-	Active	NO
53	U14200MH2009PTC192291	SAY RESOURCES PRIVATE LIMITED	Director	09-05-09	09-05-09	-	Active	NO
54	U36911MH2009PTC196167	KGK DIAMONDS (INDIA) PRIVATE LIMITED	Director	01-10-09	01-10-09	-	Active	NO
55	U36911MH2008PTC187926	KGK ENTICE (INDIA) PRIVATE LIMITED	Director	15-09-10	14-10-09	-	Active	NO
56	U70109RJ1995PTC011234	MARUNGANDHA FARMS PRIVATE LIMITED	Additional director	18-11-10	18-11-10	-	Active	NO
57	U70109RJ1995PTC010501	LOVELY FARMS PRIVATE LIMITED	Director	10-09-11	19-11-10	-	Active	NO
58	U15203RJ1992PTC006854	KRISHNA KUNJ PRIVATE LIMITED	Director	10-09-11	19-11-10	-	Active	NO
59	U70109RJ1995PTC011235	SATLUJ FARMS PRIVATE LIMITED	Director	10-09-11	19-11-10	-	Active	NO
60	U51398MH1999PTC119580	KOTHARI CREATIONS PRIVATE LIMITED	Director	30-09-11	24-11-10	-	Active	NO
61	U14200MH2009PTC192283	SNK RESOURCES PRIVATE LIMITED	Director	14-08-11	01-12-10	-	Active	NO
62	U45201RJ2010PTC033561	KGK INFRASTRUCTURE (INDIA) PRIVATE LIMITED	Director	14-12-10	14-12-10	-	Active	NO
63	U70109RJ1995PTC010502	ROADSIDE FARMS PRIVATE LIMITED	Director	10-09-11	08-01-11	-	Active	NO
64	U15494RJ1995PTC010352	PANNA AGRO PRIVATE LIMITED	Director	10-09-11	08-01-11	-	Active	NO
65	U70101RJ1992PTC007100	KRITIKA APPARTMENTS PRIVATE LIMITED	Director	10-09-11	08-01-11	-	Active	NO
66	U70102MH2011PTC213983	KGK HOMES PRIVATE LIMITED	Director	29-09-11	01-03-11	-	Active	NO
67	U70200MH2011PTC214097	KGK DWELLINGS PRIVATE LIMITED	Director	29-09-11	01-04-11	-	Active	NO
68	U70101RJ2011PTC035180	DEEPAANGAN DEVELOPERS PRIVATE LIMITED	Director	12-05-11	12-05-11	-	Active	NO
69	U45201RJ2011PTC035250	DEEPPRABHA DEVELOPERS PRIVATE LIMITED	Director	20-05-11	20-05-11	-	Active	NO
70	U70101RJ2011PTC035253	NAMOKAR LANDCON PRIVATE LIMITED	Director	20-05-11	20-05-11	-	Active	NO
71	U45201RJ2011PTC035451	DEEPAANGAN LAND DEVELOPERS PRIVATE LIMITED	Director	09-06-11	09-06-11	-	Active	NO
72	U45201RJ2011PTC036390	NAMOKAR BUILDESTATE PRIVATE LIMITED	Director	07-09-11	07-09-11	-	Active	NO

Name :

Mr. Sandeep Navrattan Kothari

Designation :

Director

Address :

401, Khatau Condominium, 15-A, J.Mehta Marg, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

08.11.1971

Date of Appointment :

01.10.2009

DIN No.:

00137694

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U36912MH1989PTC054783	KOTHARI DIAMOND INDUSTRIES PRIVATE LIMITED	Director	02-05-91	02-05-91	24-11-10	Active	NO
2	U36910MH1990PTC054834	NAVRATNA GEMS PRIVATE LIMITED	Director	02-05-91	02-05-91	24-11-10	Active	NO
3	U67120MH1983PTC031248	POPULAR INVESTMENTS PRIVATE LIMITED	Director	15-05-91	15-05-91	-	Active	NO
4	U51900MH1984PTC032788	KGK DIAJEWELS PRIVATE LIMITED	Director	11-05-92	11-05-92	-	Active	NO
5	U51900MH1991PTC060185	TRISHUL COMMERCIALS PRIVATE LIMITED	Director	21-03-94	21-03-94	-	Active	NO
6	U67120MH1994PTC082200	K G K INVESTMENT COMPANY PRIVATE LIMITED	Director	20-10-94	20-10-94	-	Active	NO
7	U65910MH1995PTC085359	MARUDHAR LEASE FINANCING PRIVATE LIMITED	Director	08-02-95	08-02-95	-	Active	NO
8	U36910MH1990PTC055961	KGK CREATIONS (MFG) PRIVATE LIMITED	Director	17-05-95	17-05-95	24-11-10	Active	NO
9	U29269MH1960PLC011589	PAPER MILL AND PLANT AND MACHINERY MANUFACTURERS LIMITED	Director	22-11-95	22-11-95	-	Active	NO
10	U51398MH1999PTC119580	KOTHARI CREATIONS PRIVATE LIMITED	Director	23-04-99	23-04-99	-	Active	NO
11	U51109RJ1996PTC012589	JAIPUR AUTOMOBILES PRIVATE LIMITED	Director	20-12-99	20-12-99	-	Active	NO
12	U45201RJ1997PTC014154	KGK INNOVATIVE PRIVATE LIMITED	Director	20-12-99	20-12-99	-	Active	NO
13	U18101MH1993PTC072859	KGK PROPERTIES PRIVATE LIMITED	Director	30-06-03	30-06-03	-	Active	NO
14	U67120MH1995PTC084439	SHUBHAM AMUSEMENTS PRIVATE LIMITED	Director	18-02-04	18-02-04	06-01-11	Active	NO
15	U45200MH2004PTC149191	KGK CREATIONS PRIVATE LIMITED	Director	21-10-04	21-10-04	22-01-07	Active	NO
16	U55100MH2004PTC149500	JAL MAHAL RESORTS PRIVATE LIMITED	Director	10-11-04	10-11-04	-	Active	NO
17	U01117RJ1996PTC013020	PINKCITY GARDENS PRIVATE LIMITED	Director	29-09-05	29-09-05	-	Active	NO
18	U45201RJ1996PTC012976	TANMAYA GARDENS PRIVATE LIMITED	Director	29-09-05	29-09-05	-	Active	NO
19	U55101RJ1997PTC013071	PANCHRATNA MOTELS AND RESORTS PRIVATE LIMITED	Director	30-09-05	30-09-05	-	Active	NO
20	U01119RJ1995PTC009381	PRERNA AGRICULTURAL FARMS PRIVATE LIMITED	Director	30-09-05	30-09-05	-	Active	NO
21	U63040WB1994PLC062139	GLOBE FOREX AND TRAVELS LIMITED	Director	01-07-06	01-07-06	04-09-08	Active	NO
22	U36912MH2007PTC171061	KGK GEMS PRIVATE LIMITED	Director	22-05-07	22-05-07	-	Active	NO
23	U45400MH2007PTC171281	ANK RESOURCES PRIVATE LIMITED	Director	04-06-07	04-06-07	-	Active	NO
24	U45201RJ2001PTC017127	SUBAKO DEVELOPERS PRIVATE LIMITED	Director	29-09-08	20-05-08	-	Active	YES
25	U45200MH2008PTC183162	KGK REALTIES PRIVATE LIMITED	Director	04-06-08	04-06-08	-	Active	NO
26	U14200MH2009PTC192282	KGK RESOURCES PRIVATE LIMITED	Director	09-05-09	09-05-09	-	Active	NO
27	U14200MH2009PTC192283	SNK RESOURCES PRIVATE LIMITED	Director	09-05-09	09-05-09	-	Active	NO
28	U36911MH2009PTC196167	KGK DIAMONDS (INDIA) PRIVATE LIMITED	Director	01-10-09	01-10-09	-	Active	NO

Name :

Mr. Sampat Raj Kothari

Designation :

Director

Address :

503, 5^th Floor, Rajkamal Heights, B-Wing, RajkamalLane, Parel – East, Mumbai – 400012, Maharasahtra, India

Date of Birth/Age :

01.07.1953

Date of Appointment :

30.12.2010

DIN No.:

00139498

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U45201RJ1997PTC014154	KGK INNOVATIVE PRIVATE LIMITED	Director	05-06-03	05-06-03	-	Active	NO
2	U70100MH1999PTC119578	KGK CREATIONS (INDIA) PRIVATE LIMITED	Director	06-02-04	06-02-04	-	Active	NO
3	U18101MH1993PTC072859	KGK PROPERTIES PRIVATE LIMITED	Director	07-12-04	07-12-04	-	Active	NO
4	U45200MH2004PTC149191	KGK CREATIONS PRIVATE LIMITED	Director	22-12-04	22-12-04	22-01-07	Active	NO
5	U45201MH2001PTC130706	RAINBOW CONSTRUCTIONS AND DEVELOPERS (INDIA) PRIVATE LIMITED	Director	01-04-05	01-04-05	-	Active	NO
6	U52393MH1999PTC121627	KOTHARI GEMS PRIVATE LIMITED	Director	09-05-05	09-05-05	30-04-11	Active	NO
7	U51398MH1999PTC119580	KOTHARI CREATIONS PRIVATE LIMITED	Director	10-01-06	10-01-06	-	Active	NO
8	U65910MH1995PTC085359	MARUDHAR LEASE FINANCING PRIVATE LIMITED	Director	10-02-06	10-02-06	-	Active	NO
9	U36912MH2007PTC171061	KGK GEMS PRIVATE LIMITED	Director	22-05-07	22-05-07	-	Active	NO
10	U45400MH2007PTC171281	ANK RESOURCES PRIVATE LIMITED	Director	30-09-11	04-06-07	-	Active	NO
11	U36911MH2008PTC187926	KGK ENTICE (INDIA) PRIVATE LIMITED	Director	03-11-08	03-11-08	-	Active	NO
12	U72900TN2009PTC071933	SPARKLE SOFTWARE SOLUTIONS PRIVATE LIMITED	Director	12-06-09	12-06-09	-	Active	NO
13	U51900MH1984PTC032788	KGK DIAJEWELS PRIVATE LIMITED	Director	21-09-10	12-08-10	-	Active	NO
14	U67120MH1994PTC082200	K G K INVESTMENT COMPANY PRIVATE LIMITED	Director	21-09-10	12-08-10	-	Active	NO
15	U36911MH2009PTC196167	KGK DIAMONDS (INDIA) PRIVATE LIMITED	Director	30-12-10	12-08-10	-	Active	NO
16	U36912MH1989PTC054783	KOTHARI DIAMOND INDUSTRIES PRIVATE LIMITED	Director	29-09-11	06-01-11	-	Active	NO
17	U67120MH1995PTC084439	SHUBHAM AMUSEMENTS PRIVATE LIMITED	Director	29-09-11	06-01-11	-	Active	NO
18	U67120MH1983PTC031248	POPULAR INVESTMENTS PRIVATE LIMITED	Director	23-09-11	06-01-11	-	Active	NO
19	U70100MH1988PTC046524	PRECIOUS PROPERTIES PRIVATE LIMITED	Director	29-09-11	06-01-11	-	Active	NO
20	U67120MH1985PTC037351	KAYGEE HOLDINGS PRIVATE LIMITED	Director	30-09-11	06-01-11	-	Active	NO
21	U45200MH2008PTC183162	KGK REALTIES PRIVATE LIMITED	Director	22-09-11	07-01-11	-	Active	NO
22	U14200MH2009PTC192283	SNK RESOURCES PRIVATE LIMITED	Director	14-08-11	07-01-11	-	Active	NO
23	U14200MH2009PTC192282	KGK RESOURCES PRIVATE LIMITED	Director	30-09-11	07-01-11	-	Active	NO
24	U14200MH2009PTC192291	SAY RESOURCES PRIVATE LIMITED	Director	30-09-11	07-01-11	-	Active	NO
25	U51900MH1991PTC060185	TRISHUL COMMERCIALS PRIVATE LIMITED	Director	30-09-11	07-01-11	-	Active	NO
26	U14200MH2009PTC192284	VKK RESOURCES PRIVATE LIMITED	Director	30-09-11	07-01-11	-	Active	NO
27	U70102MH2011PTC213983	KGK HOMES PRIVATE LIMITED	Director	29-09-11	01-03-11	-	Active	NO
28	U70200MH2011PTC214097	KGK DWELLINGS PRIVATE LIMITED	Director	29-09-11	01-04-11	-	Active	NO
29	U36911MH1989PTC051646	ALOK IMPEX PRIVATE LIMITED	Additional director	04-10-11	04-10-11	-	Active	NO

KEY EXECUTIVES

Name :	Mrs. Dhara Prakash Jain
Designation :	Director
Address :	Pawapuri Sty, A-Wing, Seth Moti Shah Lane, Byculla, Mumbai – 400010, Maharashtra, India
Date of Birth/Age :	04.12.1986
Date of Appointment :	20.09.2010
PAN No.:	ALNPJ0120E

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 30.12.2010)

Names of Shareholders	No. of Shares
Sandeep Navrattan Kothari	8000000
KGK Diajewels Private Limited, w.e.f.11.01.2011 (Formely Known as Kaygee Impex Private Limited), India	3500000
Navrattan Ghisilal Kothari	800000
Anila Kothari	800000
Sanjay Navrattan Kothari	300000
Manju Sanjay Kothari	300000
Preeti Kothari	5800000
TOTAL	19500000

AS ON 07.12.2011

Names of Allottee	No. of Shares Allotted
Precious Investment (HK) Limited, Hong Kong	290330
Total	290330

AS ON 29.03.2012

Names of Allottee	No. of Shares Allotted
Precious Investment (HK) Limited, Hong Kong	832170
Sanjay Navrattan Kothari	4311977
Manju Sanjay Kothari	634933
Total	5779080

(AS ON 01.04.2011)

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	17.95
Directors or relatives of directors	82.05
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Cut and Polished Diamonds.

Products :

Products Description	Item Code No.
Rough Diamonds, Cut and Polished Diamonds	7102

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Standard Charted Bank, 90, M. G. Road, Fort, Mumbai – 400001, Maharashtra, India

· IDBI Bank Limited, 224, A-Wing, Mittal Court, Nariman Point, Mumbai – 400021, Maharashtra, India

· Antwerp Diamond Bank N.V, 2^nd Floor, Engineering Centre, Mathew Road, Opera House, Mumbai – 400004, Maharashtra, India

· ABN Amro Bank NV. 74, Sakhar Bhavan, 7^th Floor, Nariman Point, Mumbai – 400021, Maharashtra, India

Facilities :

Secured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)
Foreign currency loans banks secured	3478.031	3338.724
Interest accrued due other debt secured	0.000	0.756
Total	3478.031	3339.480
Notes: (A) i All above loans are secured by way of hypothecation of book debts and stock. ii The above loans are also secured by way of mortgage of the fixed assets as well as investment property belonging to KGK Group entities. iii The aforesaid loans are also guaranteed by the directors and /or their relatives in their personal capacity along with corporate guarantees and collaterals provided by Group Companies.
Unsecured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)
Rupee term loans others unsecured	596.532	863.614
Loans directors unsecured	345.055	463.020
Total	941.587	1326.634

Banking Relations :
Auditors :
Name :	Sudit K Parekh and Company Chartered Accountant
Address :	Ballard House, 2^nd Floor, Adi Marzban Path, Ballard Pler, Fort, Mumbai – 400001, Maharasahtra, India
Tel. No.:	91-22-66178000
Fax No.:	91-22-66178002
E-Mail :	admin@skparekh.com
PAN.:	AAAFS4500P
Subsidiaries :	· Alok Impex Private Limited (w.e.f. 29/05/2010) · Kothari Diamonds Industries Private Limited (w.e.f. 28/12/2010) · KGK Diamonds Inc. · KGK Gems Private Limited (w.e.f. 28/12/2010) · KGK Innovative Private Limited (w.e.f. 27/12/2010) · Shubham Amusements Private Limited (w.e.f.28/12/2010 · Sowerable Homes Private Limited (w.e.f 22/03/2011) · Unique Diamonds Private Limited (w.e.f 29/05/2010)
Key Managerial Personnel and/or their relatives exercise significant influence :	· Jaipur Automobiles Private Limited · Jal Mahal Resorts Private Limited · Kothari Gems · KGK Diajewels Private Limited (Formerly Known as Kaygee Impex Private Limited · Kaygee Holdings Private Limited · KGK Creations Private Limited · KGK Creations (India) Private Limited · KGK Diamonds Company Limited · KGK Diamonds and Jewellery LLC · KGK Diamonds (Far East) Inc. · KGK Diamonds BVBA · KGK Diamonds (Shanghai) Limited · KGK Diamonds (HK) Limited · KGK Diamonds LLC · K.G.K Investment Company Private Limited · KGK Jewellery Private Limited · KGK Jewellery Inc. · KGK Jewellery (HK) Limited · KGK Jewellery Manufacturing Limited · KGK Properties Private Limited · KGK Star Rough Pty Limited · KGK Jewels (Pty.) Limited · DDK LLC · KGK Diamonds (Pty) Limited · Kothari Creations Private Limited · Kothari Jewels Private Limited · Navratna Gems Private Limited · Precious Trade Inc. · Popular Investments Private Limited · Ratnalaya Diamonds Private Limited · SNK Resources Private Limited · Precious Investments (HK) Limited · KGK Entice (India) Private Limited

CAPITAL STRUCTURE

(AFTER 30.09.2011)

Authorised Capital :

No. of Shares	Type	Value	Amount
25000000	Equity Shares	Rs.10/- each	Rs.250.000 Millions
10000000	Preference Shares	Rs.10/- each	Rs.100.000 Millions
	Total		Rs.350.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
25801533	Equity Shares	Rs.10/- each	Rs.258.015 Millions

(AS ON 31.03.2011)

Authorised Capital :

No. of Shares	Type	Value	Amount
25000000	Equity Shares	Rs.10/- each	Rs.250.000 Millions
10000000	Preference Shares	Rs.10/- each	Rs.100.000 Millions
	Total		Rs.350.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
19500000	Equity Shares	Rs.10/- each	Rs.195.000 Millions

NOTE:

· 25,000,000 Equity Shares of 10/- each

· 10,000,000 Preference Shares of 10/- each

· 19,500,000 Equity Shares of 10/- each fully paid-up of the above, 10,000,000 Equity shares have been issued pursuant to conversion of partnership firm KGK Enterprises into KGK Diamonds (I) Private Limited in accordance with part IX of the companies Act. 1956.

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		195.000	100.000
2] Share Application Money		430.306	312.713
3] Reserves & Surplus		264.407	41.878
4] (Accumulated Losses)		0.000	0.000
NETWORTH		889.713	454.591
LOAN FUNDS
1] Secured Loans		3478.031	3339.480
2] Unsecured Loans		941.587	1326.634
TOTAL BORROWING		4419.618	4666.114
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		5309.331	5120.705
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		130.075	110.507
Capital work-in-progress		56.781	63.386
INVESTMENT		57.426	33.726
DEFERRED TAX ASSETS		0.269	0.830
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	2082.676	1723.682
	Sundry Debtors	4106.831	2758.161
	Cash & Bank Balances	64.951	61.368
	Other Current Assets	12.222	14.000
	Loans & Advances	1092.834	1408.908
Total Current Assets		7359.514	5966.119
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	2016.786	854.969
	Other Current Liabilities	25.346	9.873
	Provisions	252.602	189.021
Total Current Liabilities		2294.734	1053.863
Net Current Assets		5064.780	4912.256
MISCELLANEOUS EXPENSES		0.000	0.000
TOTAL		5309.331	5120.705

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2011	31.03.2010
	SALES
		Income		11348.816	3350.750
		Other Income
		TOTAL		11348.816	3350.752
Less	EXPENSES
		Office Expenses
		Administrative Expenses		11157.576	3286.046
		Advertising Expenses
		TOTAL		11157.576	3286.046
	PROFIT BEFORE TAX			191.240	64.706
Less	TAX			63.711	22.828
	PROFIT AFTER TAX			127.529	41.878
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD			41.878	0.000
	BALANCE CARRIED TO THE B/S			169.407	41.878
	F.O.B Value of Exports			8425.091	3153.712
	C.I.F Value of Imports			5273.467	1525.078
	Earnings Per Share (Rs.)			6.54	NA

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010
PAT / Total Income	(%)	1.12	1.25
Return on Total Assets (PBT/Total Assets}	(%)	2.55	1.06
Return on Investment (ROI) (PBT/Networth)		0.21	0.14
Debt Equity Ratio (Total Liability/Networth)		7.55	12.58
Current Ratio (Current Asset/Current Liability)		3.21	5.66

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last two years	Yes
12]	Profitability for last two years	Yes
13]	Reasons for variation <> 20%	----------------------
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	----------------------
22]	Litigations that the firm / promoter involved in	----------------------
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	----------------------
26]	Buyer visit details	----------------------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

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. India 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.20000.000 Millions 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.

CONTINGENT LIABILITY:

Particulars	31.03.2011 (Rs. in millions)	31.03.2010 (Rs. in millions)
In respect of partly paid up shares	60.000	70.000
In respect of Guarantees provided to the Group Concern	450.000	350.000
Income Tax Matters- · Relating to Assessment Year 2005-06	33.945	33.945

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U36911MH2009PTC196167
Name of the company	KGK DIAMONDS (INDIA) PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	647-A, Pancharatna, Opera House, Mumbai – 400004, Maharashtra, India Email Id: dhara.jain@kgkmail.com
This form is for	Modification of Charge
Charge identification (ID) number of the charge to be modified	10231771
Type of charge	· Book Debts · Floating Charge · Others: stock, Inventories and consumable
Particular of charge holder	Foreign Bank, Standard Chartered Bank, 90, M.G Road, Fort, Mumbai – 400001, Maharashtra, India Email Id: prerana.chavan@sc.com
Nature of instrument creating charge	First Supplementary Hypothecation Agreement of Stocks/ Book-Debts
Date of instrument Creating the charge	26.03.2011
Amount secured by the charge	Rs.1000.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest : As per sanction letter. Terms of Repayment: As per sanction letter. Margin: As per sanction letter. Extent and Operation of the Charge : The Bank is having pari passu first charge by way of hypothecation of Stocks and Book Debts of the Company.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	· The Bank is having Pari Passu first charge by way of hypothecation of stocks of raw materials, finished goods, goods in process of manufacturing etc. · The Bank is having Pari Passu first charge by way of hypothecation of present & future book debts, bills, money receivables, choses in actions, claims etc.
Particulars of the present modification	Existing charge over stock and book debts of Rs.400.000 Millions has been enhanced to Rs.1000.000 Millions

FIXED ASSETS:

· Plant and Machinery

· Mettler Machine

· Furniture and Fixture

· Air Conditioner

· Refrigerator

· Typewriter

· Office Equipment

· Motor Car

· Vehicle

· Cycle

· Computer

· Electronic Time Punching

· EPABX

· Vacuum Cleaner

· Electrical Installation

AS PER WEBSITE

PROFILE

The KGK Group is a global corporation based in India with fully integrated operations in Diamonds and Colored Gemstones. Subject is known worldwide for its superlative products, exemplary quality, international standards, and its impeccable reputation for customer service. 

From procurement to manufacturing and from marketing to retailing, Subject is present across the full value chain of the industry with offices spread across the world.

Subject is a DTC Sightholder for India and South Africa and has a global marketing reach with manufacturing units in India, China, Hong Kong, South Africa and Russia. The company has made forays in retail marketing and has opened showrooms in India, China, Hong Kong and Middle East.

A brief history of the group (Last 100 Years)

The foundation of the KGK Group was laid in the year 1905, when Mr. Keshrimalji Kothari started trading in coloured gemstones simultaneously from India and Burma. Assisted by his son, Mr. Ghisilalji Kothari, the business expanded from Jaipur to Chennai, and then to Hongkong. By the 1970s with new leadership at the helm of the group the business operations diversified into diamonds and to new global locations such as USA, Thailand, and Japan.

From trading, the group expanded its interest to manufacturing and set up manufacturing units in India, China, Hong Kong, South Africa and Russia. By 1997, the company achieved the much coveted status of a DTC Sight holder for India. It continued its expansion in global markets coming closer to its customers. Offices were opened in UAE, Germany, Spain, London and the foray into retail marketing were initiated. Quality initiatives bore fruit with the award of the ISO 9001 for its operations and it achieved recognition through various awards for exports.

Even while keeping business priorities at the top of the agenda, the group never neglected its social responsibilities to society. The Bhagwan Mahaveer Cancer Hospital and Research Center in Jaipur is a modern hospital serving over 3000 patients per year. And recently the group has pledged to the 'Make A Wish Foundation' to fulfill 100 wishes.

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.97
UK Pound	1	Rs.89.02
Euro	1	Rs.70.39

INFORMATION DETAILS

Report Prepared by :

NTH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	4
--CREDIT LINES	1~10	4
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		42

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%)

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	-

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.