MIRA INFORM REPORT

Report Date :

27.09.2012

IDENTIFICATION DETAILS

Name :	JAY DIMON
Registered Office :	Hoveniersstraat 2 B.247, Antwerpen, 2018
Country :	Belgium
Financials (as on) :	31.12.2010
Date of Incorporation :	2002
Com. Reg. No.:	479202962
Legal Form :	Private Subsidiary
Line of Business :	Wholesale of other intermediate products
No. of Employees :	Not Available

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 :	Slow
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 – June 30^th, 2012

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

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

BELGIUM - ECONOMIC OVERVIEW

This modern, open, and private-enterprise-based economy has capitalized on its central geographic location, highly developed transport network, and diversified industrial and commercial base. Industry is concentrated mainly in the more heavily-populated region of Flanders in the north. With few natural resources, Belgium imports substantial quantities of raw materials and exports a large volume of manufactures, making its economy vulnerable to volatility in world markets. Roughly three-quarters of Belgium's trade is with other EU countries, and Belgium has benefited most from its proximity to Germany. In 2011 Belgian GDP grew by 2.0%, the unemployment rate decreased slightly to 7.7% from 8.3% the previous year, and the government reduced the budget deficit from a peak of 6% of GDP in 2009 to 4.2% in 2011. Despite the relative improvement in Belgium's budget deficit, public debt hovers near 100% of GDP, a factor that has contributed to investor perceptions that the country is increasingly vulnerable to spillover from the euro-zone crisis. Belgian banks were severely affected by the international financial crisis in 2008 with three major banks receiving capital injections from the government, and the nationalization of the Belgian arm of a Franco-Belgian bank. An ageing population and rising social expenditures are mid- to long-term challenges to public finances.

Source : CIA

Company name and address

Jay Dimon

Hoveniersstraat 2 B.247
Antwerpen, 2018
Belgium
Tel:	03 232 49 44
Fax:	03 232 49 44

Employees:	NA
Company Type:	Private Subsidiary
Corporate Family:	15 Companies
Ultimate Parent:	Maillot Sa
Incorporation Date:	2002

Fiscal Year End:	31-Dec-2010
Reporting Currency:	Euro
Annual Sales:	37.1 ^1
Total Assets:	13.5

Business Description

Wholesale of other intermediate products

Industry

Industry	Retail (Department and Discount)
ANZSIC 2006:	373 - Furniture, Floor Covering and Other Goods Wholesaling
NACE 2002:	5156 - Wholesale of other intermediate products
NAICS 2002:	4239 - Miscellaneous Durable Goods Merchant Wholesalers
UK SIC 2003:	5156 - Wholesale of other intermediate products
UK SIC 2007:	4676 - Wholesale of other intermediate products
US SIC 1987:	509 - Miscellaneous Durable Goods

Key Executives

Name	Title
Sanjay Mohanbhai Munjani	Manager, Partner
Ann Maria Oscarine Van Vlaenderen	Representative/Auditor

Registered No.(VAT)

479202962

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064

Corporate Overview

Location
Hoveniersstraat 2 B.247
Antwerpen, 2018
Belgium

Tel:	03 232 49 44
Fax:	03 232 49 44

Suggest Company URL

Sales EUR(mil):	28.0
Assets EUR(mil):	10.1
Employees:	NA
Fiscal Year End:	31-Dec-2010

Industry:	Retail (Department and Discount)

Incorporation Date:	2002
Company Type:	Private Subsidiary
Quoted Status:	Not Quoted
Registered No.(VAT):	479202962

Manager, Partner:	Sanjay Mohanbhai Munjani

Industry Codes

ANZSIC 2006 Codes:
373	-	Furniture, Floor Covering and Other Goods Wholesaling

NACE 2002 Codes:
5156	-	Wholesale of other intermediate products

NAICS 2002 Codes:
4239	-	Miscellaneous Durable Goods Merchant Wholesalers

US SIC 1987:
509	-	Miscellaneous Durable Goods

UK SIC 2003:
5156	-	Wholesale of other intermediate products

UK SIC 2007:
4676	-	Wholesale of other intermediate products

Top

Business Description

Wholesale of other intermediate products

Source: Euro DB

Top

Financial Data

Financials in:	EUR(mil)
Revenue:	28.0
Assets:	10.1
Current Assets:	9.7
Fixed Assets:	0.3
Total Liabilities:	10.1
Issued Capital:	1.8
Net Worth:	1.8
Date of Financial Data:	31-Dec-2010

1 Year Growth

NA

NA

Top

Corporate Family	Corporate Structure News:
	Maillot Sa Jay Dimon
Jay Dimon Total Corporate Family Members: 15

Company Name	Company Type	Location	Country	Industry	Sales (USD mil)	Employees
Maillot Sa	Parent	Neuilly Sur Seine	France	Motion Pictures
UGC SA	Subsidiary	Neuilly sur Seine	France	Motion Pictures	20.7	224
UGC Ciné Cité SAS	Subsidiary	Neuilly sur Seine	France	Motion Pictures	251.6	749
UGC Ciné Cité Ile de France SNC	Subsidiary	Neuilly sur Seine	France	Motion Pictures	101.4	260
U.G.C. Belgium	Subsidiary	Bruxelles	Belgium	Motion Pictures	24.3	116
Fonciere Image Belgique	Subsidiary	Bruxelles	Belgium	Motion Pictures	9.1	45
Antwerp Center	Subsidiary	Wilrijk	Belgium	Retail (Specialty)	0.0	2
Etude De L'huissier De Justice E. Cansse	Subsidiary	Marchienne-Au-Pont	Belgium	Personal Services	0.0	1
Jay Dimon	Subsidiary	Antwerpen	Belgium	Retail (Department and Discount)	37.1
Ugc Confiserie	Subsidiary	Bruxelles	Belgium	Retail (Grocery)	0.0
Ugc Iberia Sa	Subsidiary	Madrid	Spain	Real Estate Operations	14.4	101
Screenvision France Sas	Subsidiary	St Cloud	France	Advertising	27.9	44
Ugc Images	Subsidiary	Neuilly Sur Seine	France	Motion Pictures	21.0	34
Ugc Editions	Subsidiary	Neuilly Sur Seine	France	Motion Pictures	12.6	14
Les Films Du 24	Subsidiary	Neuilly Sur Seine	France	Motion Pictures	16.3	4

Jay Dimon Antwerpen, , Belgium, Tel: 03 232 49 44

Executives Report

Executives

Name	Title	Function
Ann Maria Oscarine Van Vlaenderen	Representative/Auditor	Accounting Executive
Age: 47
Sanjay Mohanbhai Munjani	Manager, Partner	Partner

Jay Dimon Antwerpen, Belgium, Tel: 03 232 49 44

Annual Profit & Loss

	31-Dec-2010	31-Dec-2009	31-Dec-2008
Period Length	52 Weeks	52 Weeks	52 Weeks
Filed Currency	EUR	EUR	EUR
Exchange Rate (Period Average)	0.755078	0.719047	0.683679
Consolidated	No	No	No
Turnover	37.1	17.9	13.7
Other Operating Income	-	-	0.0
Operating Income	37.1	17.9	13.7
Purchases	37.2	21.0	13.7
Increase or Decrease in Stocks	-0.4	-3.3	-0.3
Raw Materials, Consumables, and Goods for Release	36.8	17.7	13.5
Services and Sundry Goods	0.2	0.1	0.1
Remuneration, Social Security Charges, and Pensions	0.0	0.0	-
Depreciation of and Other Amounts Written Off of Formation Expense, Intangible and Tangible Fixed Assets	0.0	0.0	0.0
Other Operating Charges	0.0	0.0	0.0
Operating Charges	37.0	17.8	13.6
Other Financial Income	0.0	0.0	0.0
Financial Income	0.0	0.0	0.0
Interest and Other Debt Charges	0.0	0.0	-
Other Financial Charges	0.0	0.0	0.1
Financial Charges	0.1	0.1	0.1
Income Taxes	0.0	0.0	0.0
Income Taxes	0.0	0.0	0.0
To the Legal Reserve	0.0	-	-
To Other Reserves	0.0	0.0	0.0
Transfers to Capital and Reserves	0.0	0.0	0.0

Annual Balance Sheet

Financials in: USD (mil)

	31-Dec-2010	31-Dec-2009	31-Dec-2008
Filed Currency	EUR	EUR	EUR
Exchange Rate	0.745406	0.696986	0.719399
Consolidated	No	No	No
Land & Buildings	0.4	-	-
Plant, Machinery, and Equipment	0.0	0.0	0.0
Furniture and Vehicles	0.0	0.0	0.0
Leasing and Other Similar Rights	0.0	0.0	0.0
Tangible Assets	0.4	0.0	0.0
Participating Interests	-	-	0.0
Affiliated Enterprises	-	-	0.0
Amounts Receivable and Cash Guarantees	0.0	0.0	-
Other Capital Assets	0.0	0.0	-
Capital Assets	0.0	0.0	0.0
Fixed Assets	0.4	0.0	0.0
Goods Purchased for Resale	4.6	4.4	1.0
Stocks	4.6	4.4	1.0
Inventory and Orders in Progress	4.6	4.4	1.0
Trade Debtors	8.4	5.6	6.6
Other Amounts Receivable	0.0	0.0	0.0
Amounts Receivable Within One Year	8.5	5.6	6.6
Liquid Assets	0.1	0.4	0.0
Adjustment Accounts	0.0	-	-
Current Assets	13.1	10.5	7.7
Total Assets	13.5	10.5	7.7
Issued Capital	2.3	0.0	0.0
Capital	2.3	0.0	0.0
Legal Reserve	0.0	0.0	0.0
Reserves Available for Distribution	0.2	0.1	0.1
Reserves	0.2	0.1	0.1
Capital and Reserves	2.5	0.2	0.2
Credit Institutions	0.3	-	-
Financial Debts	0.3	-	-
Amounts Due After More Than One Year	0.3	-	-
Current Portion of Amounts Payable After More Than One Year	0.0	-	-
Credit Institutions	2.0	1.0	1.0
Financial Debts	2.0	1.0	1.0
Suppliers	8.4	7.0	4.2
Trade Debts	8.4	7.0	4.2
Taxes	0.0	0.0	0.0
Taxes, Wages, and Social Security	0.0	0.0	0.0
Other Amounts Payable	0.1	2.3	2.3
Amounts Payable Within One Year	10.6	10.3	7.5
Adjustment Accounts	0.0	0.0	0.0
Creditors	11.0	10.3	7.5
Total Liabilities + Shareholders' Equity	13.5	10.5	7.7

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.57
UK Pound	1	Rs.86.60
Euro	1	Rs.68.93

INFORMATION DETAILS

Report Prepared by :

PDT

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.