MIRA INFORM REPORT

Report Date :

03.08.2013

IDENTIFICATION DETAILS

Name :	ROSY BLUE (INDIA) PRIVATE LIMITED (w.e.f. 18.10.2002)
Formerly Known As :	EVEREST GEMS PRIVATE LIMITED
Registered Office :	1608/ 1609, Prasad Chambers, Opera House, Mumbai – 400004, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	01.04.1998
Com. Reg. No.:	11-114312
Capital Investment / Paid-up Capital :	Rs. 381.268 Millions
CIN No.: [Company Identification No.]	U36911MH1998PTC114312
TAN No.: [Tax Deduction & Collection Account No.]	MUMR10677C/ MUMR13201G
Legal Form :	Private Limited Liability Company
Line of Business :	Processing and Selling of Diamond
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 18900000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is a well established company having a satisfactory track record. The financial for the year 2012 is not available. However, as per the previous year’s, the performance seems to be good. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct and as per commitment. The company can be considered for business dealings with some caution. Note: Current year (2010-11) profit and loss account is not available.

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, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
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

We are living in a world where volatility and uncertainty have become the New Normal. We saw a change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once powerful countries in Europe are now fighting for bankruptcy. We have taken growth in the developing part of the world for granted but economic growth in China and India has begun to slow. Companies that were synonymous with their product categories just a few years ago are now no longer in existence. Kodak, the inventor of the digital camera had to wind up its operations, HMV, the British entertainment retailing company and Borders, once the second largest bookstore have shut down due to their inability to evolve their business models with the changing time. Readers’ Digest, Thomson Register are no more !

There is another megatrend happening. The World order is changing as economic power shifts from West to East. According to McKinsey study, it took Britain more than 100 years to double its economic output per person during its industrial revolution and the US later took more than 50 years to do the same. More than a century later, China and India have doubled their GDP per capital in 12 and 18 years respectively. By 2020, emerging Asia will become the world’s largest consuming block, overtaking North America.

The years after the outbreak of the global financial crisis, the world economy continues to remain fragile. The Indian economy demonstrated remarkable resilience in the initial years of the contagion but finally lost ground last year. GDP growth slowed down. Currency has been weakening. There is a marked deceleration in agriculture, industry and services. Dampening sentiment led to a cut-back in investment as well as private consumption expenditure.  Inflation remained at high levels fuelled by the pressure from the food and fuel sectors. The large fiscal and current account deficit s continued to cause grave concern. It is imperative that India regains its growth trajectory of 8-9 % sooner than later. This is crucially important given the need to create gainful livelihood opportunities for the millions living in poverty as also the large contingent of young people joining the job market every year.

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	BBB+ (Long Term Fund Based)
Rating Explanation	Having moderate degree of safety regarding timely servicing of financial obligation. It carry moderate credit risk.
Date	February 2013

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.

INFORMATION DECLINED BY

Name :	Mr. Saurabh Banerjee
Designation :	Finance Department
Contact No.:	91-22-66650100
Date :	02.08.2013

LOCATIONS

Registered Office :	1608/ 1609, Prasad Chambers, Opera House, Mumbai – 400004, Maharashtra, India
Tel. No.:	91-22-23633671/ 66650000/ 66650100
Fax No.:	91-22-23630248/ 66314288
E-Mail :	legal@rosyblue.com mumbai@rosyblue.com

DIRECTORS

AS ON 29.09.2012

Name :	Mr. Arunkumar Ramniklal Mehta
Designation :	Director
Address :	25-B, Cliff Co-Operative Housing Society, Ridge Road, Mumbai – 400 006, Maharashtra, India
Date of Birth/Age :	09.01.1940
Date of Appointment :	01.04.1998
DIN No.:	00049700

Other Directorship:

S. No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U51900MH1973NPL017093	DIAMOND EXPORTERS ASSOCIATION LIMITED	Director	24/12/1973	24/12/1973	-	Active	NO
2	U99999MH1985PTC036278	INTER GOLD INDIA PRIVATE LIMITED	Director	02/06/1987	02/06/1987	01/10/2011	Active	NO
3	U67120MH1994PTC077544	SHAH MEHTA HOLDING PRIVATE LIMITED	Director	05/04/1994	05/04/1994	01/10/2011	Active	NO
4	U65990MH1994PTC080450	ROSY BLUE SECURITIES PRIVATE LIMITED.	Director	18/08/1994	18/08/1994	01/10/2011	Active	NO
5	U70101GJ1982PTC065569	PRIYA HOLDINGS PRIVATE LIMITED	Director	11/12/1996	11/12/1996	01/10/2011	Active	NO
6	U36911MH1998PTC114312	ROSY BLUE (INDIA) PRIVATE LIMITED	Director	01/04/1998	01/04/1998	-	Active	NO
7	U74210MH1984PTC033159	CONWOOD APARTMENTS AND RESORTS PRIVATE LIMITED	Director	15/10/2001	15/10/2001	-	Active	NO
8	U67120MH1991PTC063321	B ARUNKUMAR CAPITAL AND CREDIT SERVICES PRIVATE LIMITED	Director	25/02/2002	25/02/2002	01/10/2011	Active	NO
9	U65990MH1984PTC032490	CHEAY INVESTMENTS PRIVATE LIMITED	Director	25/02/2002	25/02/2002	01/10/2011	Active	NO
10	U45102MH2000PTC129762	LIFESTYLE PROPERTY VENTURES PRIVATE LIMITED	Director	01/11/2002	01/11/2002	03/07/2013	Active	NO
11	U36900MH2000PTC127744	JOSH DIAMONDS PRIVATE LIMITED	Director	05/09/2003	05/09/2003	-	Active	NO
12	U91110GJ2000NPL039065	GUJARAT HIRA BOURSE	Director	09/03/2004	09/03/2004	-	Active	NO
13	U72900MH2000PTC123750	TYCARATI JEWELLERY PRIVATE LIMITED	Director	17/07/2004	17/07/2004	11/01/2011	Active	NO
14	U45202PN2003PLC018435	CITY CORPORATION LIMITED	Director	02/11/2004	02/11/2004	-	Active	NO
15	U65993MH2005PTC152862	BELINDIA FINANCE AND INVESTMENTS PRIVATE LIMITED	Director	10/06/2005	10/06/2005	01/10/2011	Active	NO
16	U45209PN2005PTC021147	CITY REALTY AND DEVELOPMENT PRIVATE LIMITED	Director	17/08/2005	17/08/2005	17/06/2010	Active	NO
17	U91120MH2005PLC157427	PALANPUR COMMUNITY FOUNDATION	Director	21/11/2005	21/11/2005	-	Active	NO
18	U51398MH1984NPL033787	BHARAT DIAMOND BOURSE	Director	28/09/2006	28/09/2006	-	Active	NO
19	U15132MH2007PTC170961	BANAS KANTHA INDUSTRIES PRIVATE LIMITED	Director	21/05/2007	21/05/2007	-	Active	NO
20	U45202PN2007PTC130231	CITY DEVELOPMENT (MAHARASHTRA) PRIVATE LIMITED	Director	31/05/2007	31/05/2007	14/06/2010	Active	NO
21	U34102PN2004PTC019806	SKYSCAPES HOTELS PRIVATE LIMITED	Director	21/06/2007	21/06/2007	17/06/2010	Active	NO
22	U70102PN2007PLC130371	AMANORA TOWNSHIP MANAGEMENT LIMITED	Director	23/06/2007	23/06/2007	14/06/2010	Active	NO
23	U45203PN2007PLC130505	AMANORA PARK TOWN INFRASTRUCTURE SERVICES LIMITED	Director	30/07/2007	30/07/2007	14/06/2010	Active	NO
24	U01403MH2008PTC181166	VASUNDHARA ECOFRIENDLY AGROPRODUCTS PRIVATE LIMITED	Director	15/04/2008	15/04/2008	-	Active	NO
25	U01403PN2008PLC132376	EWAY AGRO PRODUCTS LIMITED	Director	07/07/2008	07/07/2008	14/06/2010	Active	NO
26	U01403PN2008PLC132375	EWAY FOODS AND GREENHOUSES LIMITED	Director	07/07/2008	07/07/2008	14/06/2010	Active	NO
27	U85100PN2008PLC132514	AMANORA HEALTH CARE LIMITED	Director	29/07/2008	29/07/2008	14/06/2010	Active	NO
28	U80301MH2009NPL194834	WJC SCHOOL OF BUSINESS	Director	11/08/2009	11/08/2009	-	Active	NO

Name :	Mr. Russell Arunkumar Mehta
Designation :	Director
Address :	25-B, Cliff Co-Operative Housing Society, Ridge Road, Mumbai – 400 006, Maharashtra, India
Date of Birth/Age :	06.12.1961
Date of Appointment :	03.10.1998
DIN No.:	00049766

Other Directorship:

S. No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U99999MH1985PTC036278	INTER GOLD INDIA PRIVATE LIMITED	Director	06/09/1990	06/09/1990	-	Active	NO
2	U65990MH1984PTC032490	CHEAY INVESTMENTS PRIVATE LIMITED	Director	10/09/1991	10/09/1991	-	Active	NO
3	U67120MH1991PTC063321	B ARUNKUMAR CAPITAL AND CREDIT SERVICES PRIVATE LIMITED	Director	19/09/1991	19/09/1991	-	Active	NO
4	U01110MH1993PTC070820	SAHAPUR PLANTATIONS AND ORCHARD PRIVATE LIMITED	Director	19/02/1993	19/02/1993	-	Active	NO
5	U65990MH1994PTC080450	ROSY BLUE SECURITIES PRIVATE LIMITED.	Director	18/08/1994	18/08/1994	25/05/2012	Active	NO
6	U36911MH1998PTC114312	ROSY BLUE (INDIA) PRIVATE LIMITED	Managing director	08/12/2010	03/10/1998	-	Active	NO
7	U36911MH1991PTC061736	INTER GOLD GEMS PRIVATE LIMITED	Director	17/08/2002	17/08/2002	-	Active	NO
8	U70100MH2002PTC137184	A. A. JEWELLERY PRIVATE LIMITED	Director	26/12/2002	26/12/2002	-	Active	NO
9	U36900MH2000PTC127744	JOSH DIAMONDS PRIVATE LIMITED	Director	03/03/2003	03/03/2003	-	Active	NO
10	U51398MH2003PTC138686	SITARA DIAMOND PRIVATE LIMITED	Director	01/06/2003	01/06/2003	02/03/2011	Active	NO
11	U67120MH1994PTC077544	SHAH MEHTA HOLDING PRIVATE LIMITED	Director	16/08/2003	16/08/2003	-	Active	NO
12	U61100MH2004PTC146351	ALMAZ LUXURY LINERS PRIVATE LIMITED	Director	17/05/2004	17/05/2004	-	Active	NO
13	U74210MH1984PTC033159	CONWOOD APARTMENTS AND RESORTS PRIVATE LIMITED	Director	01/07/2004	01/07/2004	-	Active	NO
14	U72900MH2000PTC123750	TYCARATI JEWELLERY PRIVATE LIMITED	Director	17/07/2004	17/07/2004	11/01/2011	Active	NO
15	U65993MH2005PTC152862	BELINDIA FINANCE AND INVESTMENTS PRIVATE LIMITED	Director	27/04/2005	27/04/2005	-	Active	NO
16	U36912MH2005PTC156215	ORRA DIAMONDS PRIVATE LIMITED	Director	21/09/2005	21/09/2005	-	Active	NO
17	U74140MH2006PTC164099	RB ONE SOURCE PRIVATE LIMITED	Director	26/08/2006	26/08/2006	-	Active	NO
18	U45201MH2006PTC165130	PANCHARATNA PROPERTIES PRIVATE LIMITED	Director	16/10/2006	16/10/2006	26/10/2009	Active	NO
19	U45201MH2006PLC165571	ABHIRUCHI PROPERTIES LIMITED	Director	01/03/2007	01/03/2007	11/03/2008	Active	NO
20	U85195MH2007PTC174613	ORALCDX INDIA PRIVATE LIMITED	Director	28/09/2007	28/09/2007	17/03/2008	Active	NO
21	U45202MH2008PTC180818	ROSY BLUE PROPERTIES PRIVATE LIMITED	Director	03/04/2008	03/04/2008	-	Active	NO
22	U74990MH2009PTC189978	DIVA COSMOCARE (INDIA) PRIVATE LIMITED	Director	29/01/2009	29/01/2009	-	Active	NO
23	U72900MH2008PTC181616	NEXSALES SOLUTIONS PRIVATE LIMITED	Director	30/09/2010	22/03/2010	-	Active	NO
24	U75220MH2010NPL208460	ROSY BLUE FOUNDATION	Director	30/09/2010	30/09/2010	-	Active	NO
25	U36911MH2006PTC162649	ROSY BLUE TRADESERVE PRIVATE LIMITED	Director	28/09/2012	30/06/2012	-	Active	NO
26	AAA-7748	BANAS JEWELS LLP	Designated Partner	25/01/2012	25/01/2012	-	Active	NO

Name :	Mr. Bhanuchandra Keshavlal Bhansali
Designation :	Director
Address :	35, Geetanjali, 73/ 75, Walkeshwar Road, Mumbai – 400 006, Maharashtra, India
Date of Birth/Age :	25.01.1933
Date of Appointment :	01.04.1998
DIN No.:	00049800

Other Directorship:

S. No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U36911MH1998PTC114312	ROSY BLUE (INDIA) PRIVATE LIMITED	Director	01/04/1998	01/04/1998	-	Active	NO
2	U67190MH2011PTC212415	BHANSALI VALUE CREATIONS PRIVATE LIMITED	Director	17/01/2011	17/01/2011	28/02/2011	Active	NO
3	AAA-3513	BCKB MANAGEMENT SOLUTIONS LLP	Designated Partner	21/01/2011	21/01/2011	-	Active	NO

Name :	Mr. Harshad Ramniklal Mehta
Designation :	Director
Address :	91, Vijaydeep, 31, Ridge Road, Mumbai – 400 006, Maharashtra, India
Date of Birth/Age :	15.08.1947
Date of Appointment :	01.04.1998
DIN No.:	00050006

Other Directorship:

S. No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U85110KA1986PLC007423	I B I S HEALTHAIDS LIMITED	Director	04/04/1990	04/04/1990	-	Active	NO
2	U55101MH1988PTC047531	ASSOCIATED HOTELS PRIVATE LIMITED	Director	31/03/1995	31/03/1995	22/12/2008	Active	NO
3	U99999MH1985PTC036278	INTER GOLD INDIA PRIVATE LIMITED	Director	04/09/1996	04/09/1996	-	Active	NO
4	U36911MH1994PTC081352	INTERNATIONAL GOLD COMPANY PRIVATE LIMITED	Director	16/12/1997	16/12/1997	-	Active	NO
5	U36911MH1998PTC114312	ROSY BLUE (INDIA) PRIVATE LIMITED	Director	01/04/1998	01/04/1998	-	Active	NO
6	U92110MH1995PTC088990	FILM WAVES COMBINE PRIVATE LIMITED	Director	24/04/1998	24/04/1998	-	Active	NO
7	U36911MH1991PTC063342	LUCKYSTAR JEWELLERY EXPORTS (INDIA) PRIVATE LIMITED	Director	04/01/2000	04/01/2000	28/06/2013	Active	NO
8	U36911MH1991PTC061736	INTER GOLD GEMS PRIVATE LIMITED	Director	27/12/2002	27/12/2002	-	Active	NO
9	U36900MH2000PTC127744	JOSH DIAMONDS PRIVATE LIMITED	Director	05/09/2003	05/09/2003	-	Active	NO
10	U92100MH1993NPL071488	GARWARE CLUB HOUSE	Director	26/09/2003	26/09/2003	-	Active	NO
11	U36911MH2003PTC140342	INTERCARAT JEWELRY PRIVATE LIMITED	Director	22/06/2005	22/06/2005	-	Active	NO
12	U45202PN2007PTC130162	SAND ROCK DEVELOPERS PRIVATE LIMITED	Director	07/06/2007	07/06/2007	27/08/2007	Active	NO
13	U45400MH2010PTC200873	ONI SHELTER AND LIFESTYLES PRIVATE LIMITED	Director	13/03/2010	13/03/2010	-	Active	NO
14	U36911MH2006PTC162649	ROSY BLUE TRADESERVE PRIVATE LIMITED	Director	22/05/2010	22/05/2010	28/09/2012	Active	NO
15	U92412MH2010PTC208381	KOCHI CRICKET PRIVATE LIMITED	Additional director	20/10/2010	20/10/2010	-	Active	NO

Name :	Mr. Rajiv Ramniklal Jhaveri
Designation :	Director
Address :	402, Citadel Building, L.D. Ruparel Marg, Mumbai – 400 006, Maharashtra, India
Date of Birth/Age :	12.04.1956
Date of Appointment :	03.10.1998
DIN No.:	00049550

Other Directorship:

S. No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U67120MH1991PTC063321	B ARUNKUMAR CAPITAL AND CREDIT SERVICES PRIVATE LIMITED	Director	19/09/1991	19/09/1991	-	Active	NO
2	U70101GJ1982PTC065569	PRIYA HOLDINGS PRIVATE LIMITED	Director	30/06/1992	30/06/1992	-	Active	NO
3	U36911MH1998PTC114312	ROSY BLUE (INDIA) PRIVATE LIMITED	Director	03/10/1998	03/10/1998	-	Active	NO
4	U65990MH1995PTC094018	DEVMITI FINVESTRADE PRIVATE LIMITED	Director	24/12/1998	24/12/1998	-	Active	NO
5	U65900MH1995PTC093253	KRISHANU FINLEASE PRIVATE LIMITED	Director	24/12/1998	24/12/1998	-	Active	NO
6	U45200MH1995PTC084743	TINSEL PROPERTIES PRIVATE LIMITED	Director	24/12/1998	24/12/1998	-	Active	NO
7	U70100MH2002PTC137184	A. A. JEWELLERY PRIVATE LIMITED	Director	26/12/2002	26/12/2002	-	Active	NO
8	U67120MH1994PTC077544	SHAH MEHTA HOLDING PRIVATE LIMITED	Director	23/04/2004	23/04/2004	-	Active	NO
9	U74210MH1984PTC033159	CONWOOD APARTMENTS AND RESORTS PRIVATE LIMITED	Director	01/07/2004	01/07/2004	-	Active	NO
10	U65993MH2005PTC152862	BELINDIA FINANCE AND INVESTMENTS PRIVATE LIMITED	Director	27/04/2005	27/04/2005	-	Active	NO
11	U36910MH2005PTC154478	R B CUTTERS PRIVATE LIMITED	Director	05/07/2005	05/07/2005	19/03/2011	Active	NO
12	U74140MH2006PTC164099	RB ONE SOURCE PRIVATE LIMITED	Director	26/08/2006	26/08/2006	10/11/2009	Active	NO
13	U85195MH2007PTC174613	ORALCDX INDIA PRIVATE LIMITED	Director	28/09/2007	28/09/2007	30/08/2012	Active	NO
14	U45202MH2008PTC182596	REL-STAR INFRASTRUCTURES PRIVATE LIMITED	Director	22/05/2008	22/05/2008	15/02/2013	Active	NO
15	U36911MH2006PTC162649	ROSY BLUE TRADESERVE PRIVATE LIMITED	Director	28/09/2012	30/06/2012	-	Active	NO

Name :	Mr. Rihen Harshad Mehta
Designation :	Director
Address :	91, Vijaydeep, 31, Ridge Road, Mumbai – 400 006, Maharashtra, India
Date of Birth/Age :	02.10.1981
Date of Appointment :	15.11.2002
DIN No.:	00016784

Other Directorship:

S. No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U36911MH1998PTC114312	ROSY BLUE (INDIA) PRIVATE LIMITED	Director	15/11/2002	15/11/2002	-	Active	NO
2	U67120MH1994PTC077544	SHAH MEHTA HOLDING PRIVATE LIMITED	Director	23/04/2004	23/04/2004	-	Active	NO
3	U70101MH1993PTC074772	BLUEHEAVEN PROPERTIES PRIVATE LIMITED	Director	28/03/2006	28/03/2006	-	Active	NO
4	U70101MH1993PTC074771	VISTA PROPERTIES PRIVATE LIMITED	Director	28/03/2006	28/03/2006	-	Active	NO
5	U36911MH2006PTC162649	ROSY BLUE TRADESERVE PRIVATE LIMITED	Director	15/06/2006	15/06/2006	28/09/2012	Active	NO
6	U36911MH1991PTC061736	INTER GOLD GEMS PRIVATE LIMITED	Director	31/03/2007	31/03/2007	-	Active	NO
7	U36911MH2007PTC171538	ALIANZA JEWELS PRIVATE LIMITED	Director	25/09/2008	20/11/2007	-	Active	NO
8	U36911MH1991PTC063342	LUCKYSTAR JEWELLERY EXPORTS (INDIA) PRIVATE LIMITED	Director	29/09/2009	03/02/2009	28/06/2013	Active	NO
9	U36911MH1994PTC081352	INTERNATIONAL GOLD COMPANY PRIVATE LIMITED	Director	29/09/2009	03/02/2009	-	Active	NO
10	U92110MH1995PTC088990	FILM WAVES COMBINE PRIVATE LIMITED	Director	23/09/2010	26/03/2010	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Phillip Clinton Trott
Designation :	Secretary
Address :	A-14, Purva Co-Operative Housing Society Limited, Ambika Nagar, Goraswadi, Dombivli (East), Mumbai – 421 201, Maharashtra, India
Date of Birth/Age :	17.11.1974
Date of Appointment :	18.09.2009
PAN No.:	AWAPT9597H
Name :	Mr. Saurabh Banerjee
Designation :	Finance Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2012

Names of Shareholders	No. of Shares
Arunkumar Ramniklal Mehta (HUF) Rajnika Arunkumar Mehta	3928856
Bhanuchandra Keshavlal Bhansali (HUF) Veena Bhanuchandra Bhansali	4130788
Ramniklal Rajmal Mehta (HUF) Arunkumar Ramniklal Mehta	4075000
Harshadkumar Ramniklal Mehta Naina Harshad Mehta	5005835
Rajnika Arunkumar Mehta Arunkumar Ramniklal Mehta	3579226
Veena Bhanuchandra Bhansali Bhanuchandra Keshavlal Bhansali	3595132
Mona Russell Mehta Russell Arunkumar Mehta	2262158
Arunkumar Ramniklal Mehta Rajnika Arunkumar Mehta	347103
Russell Arunkumar Mehta Mona Russell Mehta	739122
Bhanuchandra Keshavlal Bhansali Veena Bhanuchandra Bhansali	191995
Amit Bhanuchandra Bhansali Rupa Amit Bhansali	250000
Naina Harshadkumar Mehta Harshadkumar Ramniklal Mehta	55320
Arunkumar Ramniklal Mehta Harshadkumar R. Mehta	92361
Harshadkumar Ramniklal Mehta Russell Arunkumar Mehta	235536
Bharat Ishwarlal Patel Geeta Bharat Patel	60000
Russell Arunkumar Mehta	1319
Priti H. Mehta	1250
Amit Bhanuchandra Bhansali	1250
Geeta Bharat Patel Bharat Ishwarlal Patel	1250
Viraj Russell Mehta Russell Arunkumar Mehta	47220
Harshadkumar Ramniklal Mehta Russell Arunkumar Mehta	1202805
Saryu Pravin Kothari Pravin Shantilal Kothari	32274
Harshadkumar Ramniklal Mehta (HUF)	2144805
Ramniklal Rajmal Mehta (HUF) Harshadkumar R. Mehta Russell Arunkumar Mehta	151800
Harshadkumar R. Mehta Russell Arunkumar Mehta	37620
Dilip Ramniklal Mehta	911668
Rupa Amit Bhansali Amit Bhanuchandra Bhansali	19668
Rajiv Ramniklal Jhaveri Shaila Rajiv Jhaveri	110561
Shaila Rajiv Jhaveri Rajiv Ramniklal Jhaveri	35640
Nina Shreyesh Jhaveri Shreyesh Ramniklal Jhaveri	10032
Rihen Harshadkumar Mehta Harshadkumar Ramniklal Mehta	72640
Kumar Chimanlal Mehta	495000
Harshadkumar Ramniklal Mehta (HUF) Russell Arunkumar Mehta	1249
Russell Arunkumar Mehta Harshadkumar Ramniklal Mehta (HUF)	527
Russell Arunkumar Mehta Mona Russell Mehta	719269
Mona Russell Mehta Russell Arunkumar Mehta	1303993
Rajiv Ramniklal Jhaveri Shaila Rajiv Jhaveri	1819753
Vitraag Mauritius Limited, Mauritius	2574869
Shah Mehta Holding Private Limited, India	1
TOTAL	40244895

AS ON 28.12.2011

Names of Allottee	No. of Shares
Shah Mehta Holding Private Limited, India	25750000
TOTAL	25750000

AS ON 29.09.2012

Equity Shares Break Up	Percentage of Holding
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	10.57
Directors or relatives of Directors	89.43
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

Processing and Selling of Diamond

Products :

Item Code No. (ITC Code)	71.02
Product Description	Diamonds whether or not worked but not mounted or set

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• The Royal Bank of Scotland N.V., 74, Sakhar Bhavan, 7^th Floor, Nariman Point, Mumbai – 400021, Maharashtra, India
• State Bank of India
• ING Vysya Bank
• Bank of India
• Corporation Bank
• State Bank of Hyderabad
• Oriental Bank of Commerce

Facilities :

Secured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Working capital loans secured
Working capital loans banks secured	8658.745	6355.002
Loans taken for fixed assets secured
Loans taken for other fixed assets secured	333.320	500.000
TOTAL	8992.065	6855.002

Banking Relations :	--
Auditors :
Name :	M.M. Nissim and Company Chartered Accountants
Address :	Barodawala Mansion, B-Wing, 3^rd Floor, 81, Dr. Annie Besant Road, Worli, Mumbai – 400 018, Maharashtra, India
Tel. No.:	91-22-24949991
Fax No.:	91-22-24949995
E-Mail :	mail@mmnissim.com
Website :	www.mmnissim.com
PAN No.:	AAAFM5103E
Subsidiaries :	Conwood Apartments And Resorts Private Limited CIN No.:- U74210MH1984PTC033159 Devmiti Finvestrade Private Limited CIN No.:- U65990MH1995PTC094018 Krishanu Finlease Private Limited CIN No.:- U65900MH1995PTC093253 Tinsel Properties Private Limited CIN No.:- U45200MH1995PTC084743 International Gold Company Private Limited CIN No.:- U36911MH1994PTC081352

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
39000000	Equity Shares	Rs.10/- each	Rs. 390.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
38126758	Equity Shares	Rs.10/- each	Rs. 381.268 Millions

AS ON 29.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
44000000	Equity Shares	Rs.10/- each	Rs. 440.000 Millions
26000000	Preference Shares	Rs.10/- each	Rs. 260.000 Millions
	TOTAL		Rs. 700.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
40244895	Equity Shares	Rs.10/- each	Rs. 402.449 Millions
25750000	Preference Shares	Rs.10/- each	Rs. 257.500 Millions
	TOTAL		Rs. 659.949 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		381.268	381.268	356.874
2] Share Application Money		0.000	0.000	487.870
3] Reserves & Surplus		4358.933	3988.940	3269.421
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		4740.201	4370.208	4114.165
LOAN FUNDS
1] Secured Loans		8992.065	6855.002	7389.330
2] Unsecured Loans		1604.475	1770.300	1282.402
TOTAL BORROWING		10596.540	8625.302	8671.732
DEFERRED TAX LIABILITIES		52.780	22.989	17.319
TOTAL		15389.521	13018.499	12803.216
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1429.833	1283.503	1318.520
Capital work-in-progress		81.799	97.923	67.079
INVESTMENT		1278.819	452.945	452.945
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	7275.118	6631.252	7137.526
	Sundry Debtors	8709.286	5731.919	5554.052
	Cash & Bank Balances	242.112	404.114	299.258
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	607.535	1686.106	1598.502
Total Current Assets		16834.051	14453.391	14589.338
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	4073.694	3131.788	3509.849
	Other Current Liabilities	151.463	107.980	76.386
	Provisions	9.824	29.495	38.431
Total Current Liabilities		4234.981	3269.263	3624.666
Net Current Assets		12599.070	11184.128	10964.672
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		15389.521	13018.499	12803.216

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009
	SALES
		Income	20294.827	18830.285
		Other Income	40.978	60.289
		TOTAL (A)	20335.805	18890.574
Less	EXPENSES
		Materials Consumed	16931.230	17546.353
		Manufacturing, Administrative and Other Expenses	1248.337	1650.506
		Increase / (Decrease) in Stocks	1221.083	(979.509)
		TOTAL (B)	19400.650	18217.350
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		935.155	673.224
Less	FINANCIAL EXPENSES (D)		435.890	532.743
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		499.265	140.481
Less/ Add	DEPRECIATION/ AMORTISATION (F)		76.465	82.043
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		422.800	58.438
Less	TAX (H)		166.758	53.557
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		256.042	4.881
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		2588.179	2583.298
	BALANCE CARRIED TO THE B/S		2844.221	2588.179
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	16050.466	14793.756
	TOTAL EARNINGS		16050.466	14793.756
	IMPORTS
		Capital Goods	14.533	32.226
		Raw Materials	7256.570	6149.147
		Stores & Spares (Including Tools and Accessories)	9.501	7.896
	TOTAL IMPORTS		7280.604	6189.269
	Earnings / (Loss) Per Share (Rs.)		6.81	0.14

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	NA	1.26	0.03
Net Profit Margin (PBT/Sales)	(%)	NA	2.08	0.31
Return on Total Assets (PBT/Total Assets}	(%)	NA	2.69	0.37
Return on Investment (ROI) (PBT/Networth)		NA	0.10	0.01
Debt Equity Ratio (Total Debt /Networth)		2.24	1.97	2.11
Current Ratio (Current Asset/Current Liability)		3.98	4.42	4.03

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	Yes
10]	Designation of contact person	Yes
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)	Yes
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	No
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

Unsecured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Rupee term loans unsecured
Rupee term loans others unsecured	1604.475	1770.300
TOTAL	1604.475	1770.300

VIEW INDEX OF CHARGES

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10326047	13/12/2011	350,000,000.00	ICICI BANK LIMITED	JMC HOUSE, OPP PARIMAL GARDEN, C G ROAD, AMBAWADI, AHMEDABAD, GUJARAT - 380006, INDIA	B28937837
2	10030809	01/12/2006	165,000,000.00	STATE BANK OF INDIA	DIAMOND BRANCH,144 JSS ROAD., MAJESTIC SHOPPING CENTRE, GIRGAUM, MUMBAI, MAHARASHTRA - 400004, INDIA	A08315392
3	90158514	06/12/2004	100,000,000.00	ING VYSYA BANK LIMITED	PATSI CHAMBER, OPERA HOUSE, MUMBAI, MAHARASHTRA - 400007, INDIA	-
4	90160324	25/08/2004	40,000,000.00	STATE BANK OF INDIA	DIAMOND BRANCH; 1ST FLOOR, MAJESTIC SHOPPING CENTRE, GIRGAUM, MAHARASHTRA - 400004, INDIA	-
5	90155417	29/03/2012 *	11,850,000,000.00	THE ROYAL BANK OF SCOTLAND N.V. (ACTING AS LEAD BA NK)	7TH FLOOR, SAKHAR BHAVAN, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA	B37977451
6	90160199	18/07/2003	100,000,000.00	STATE BANK OF INDIA	DIAMOND BRANCH; MAJESTIC SHOPPING CENTRE, J.S.S. ROAD; GIRGAUM, MUMBAI, MAHARASHTRA - 400004, INDIA	-
7	90158177	25/08/2003 *	4,415,500,000.00	BANK OF INDIA	BULLION EXCHANGE BRANCH, MUMBAI, MAHARASHTRA - 400002, INDIA	-
8	90158136	13/03/2003	2,796,500,000.00	BANK OF INDIA	BULLION EXCHANGE BRANCH, MUMBAI, MAHARASHTRA - 400002, INDIA	-
9	90157782	19/07/2002 *	40,000,000.00	BANK OF INDIA	BULLION EXCHANGE BRANCH, MUMBAI, MAHARASHTRA - 400002, INDIA	-
10	90157464	04/04/2000	134,400,000.00	CORPORATION BANK	OVERSEAS BRANCH, EARNEST HOUSE; NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA	-
11	90157463	03/04/2000	15,200,000.00	STATE BANK OF HYDERABAD	OVERSEAS BRANCH; 1204, TULLOCH ROAD; COLABA, MUMBAI, MAHARASHTRA - 400039, INDIA	-
12	90155186	09/04/2001 *	1,250,000,000.00	BANK OF INDIA	BULLION EXCHANGE BRANCH, SHEIKH MEMON STREET, MUMBAI, MAHARASHTRA - 400002, INDIA	-
13	90157316	09/10/1999	215,000,000.00	CORPORATION BANK	OVERSEAS BRANCH, EARNEST HOUSE; NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA	-
14	90157295	11/12/1999 *	25,000,000.00	BANK OF INDIA	BULLION EXCHANGE BRANCH, SHEIKH MEMON STREET, MUMBAI, MAHARASHTRA - 400002, INDIA	-
15	90158926	18/12/1999 *	132,000,000.00	STATE BANK OF HYDERABAD	OVERSEAS BRANCH, 1204; TULLOCH ROAD; COLABA, MUMBAI, MAHARASHTRA - 400039, INDIA	-
16	90157066	21/01/1999	30,000,000.00	CORPORATION BANK	OVERSEAS BRANCH, EARNEST HIOUSE; NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA	-
17	90157035	03/10/2000 *	950,000,000.00	BANK OF INDIA	BULLION EXCHANGE BRANCH, SHEIKH MEMON STREET, MUMBAI, MAHARASHTRA - 400002, INDIA	-
18	90158904	05/10/1998	41,000,000.00	ORIENTAL BANK OF COMMERCE	OVERSEAS BRANCH; DALAMAL TOWERS, GROUND FLOOR; NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA	-
11	90157463	03/04/2000	15,200,000.00	STATE BANK OF HYDERABAD	OVERSEAS BRANCH; 1204, TULLOCH ROAD; COLABA, MUMBAI, MAHARASHTRA - 400039, INDIA	-
12	90155186	09/04/2001 *	1,250,000,000.00	BANK OF INDIA	BULLION EXCHANGE BRANCH, SHEIKH MEMON STREET, MUMBAI, MAHARASHTRA - 400002, INDIA	-
* DATE OF CHARGE MODIFICATION

FIXED ASSETS

· Goodwill

· Freehold Land

· Leasehold Land

· Buildings

· Plant and Machineries

· Furniture and Fixtures

· Office Equipments

· Vehicles

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 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. 60.80
UK Pound	1	Rs. 91.95
Euro	1	Rs. 80.36

INFORMATION DETAILS

Information Gathered by :	PDT
Report Prepared by :	DPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		45

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.