MIRA INFORM REPORT

Report Date :

12.12.2013

IDENTIFICATION DETAILS

Name :	DIAMANTA GYMES ORAGEM, MY SAGA
Registered Office :	146 Bd Malesherbes, 75017 Paris 17
Country :	France
Financials (as on) :	31.12.2005
Date of Incorporation :	August 2001
Com. Reg. No.:	RCS Paris 0 438 807 463
Legal Form :	Limited Liability Company
Line of Business :	Manufacturer of jewelery
No. of Employees :	6 to 9 employees

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 :	No Complaints
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 – September 30th, 2013

Country Name	Previous Rating (30.06.2013)	Current Rating (30.09.2013)
France	A1	A1

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

france ECONOMIC OVERVIEW

The French economy is diversified across all sectors. The government has partially or fully privatized many large companies, including Air France, France Telecom, Renault, and Thales. However, the government maintains a strong presence in some sectors, particularly power, public transport, and defense industries. With at least 79 million foreign tourists per year, France is the most visited country in the world and maintains the third largest income in the world from tourism. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that reduce income disparity and the impact of free markets on public health and welfare. France's real GDP contracted 2.6% in 2009, but recovered somewhat in 2010 and 2011, before stagnating in 2012. The unemployment rate increased from 7.4% in 2008 to 10.3% in 2012. Youth unemployment shot up to 24.2% during the third quarter of 2012 in metropolitan France. Lower-than-expected growth and high unemployment costs have strained France's public finances. The budget deficit rose sharply from 3.4% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 4.5% of GDP in 2012, while France's public debt rose from 68% of GDP to 89% over the same period. Under President SARKOZY, Paris implemented some austerity measures to bring the budget deficit under the 3% euro-zone ceiling by 2013 and to highlight France's commitment to fiscal discipline at a time of intense financial market scrutiny of euro-zone debt. Socialist Party candidate Francois HOLLANDE won the May 2012 presidential election, after advocating pro-growth economic policies, the separation of banks' traditional deposit taking and lending activities from more speculative businesses, increasing the top corporate and personal tax rates, and hiring an additional 60,000 teachers during his five-year term. The government's attempt to introduce a 75% wealth tax on income over one million euros for two years was struck down by the French Constitutional Council in December 2012 because it applied to individuals rather than households. France ratified the EU fiscal stability treaty in October 2012 and HOLLANDE's government has maintained France's commitment to meeting the budget deficit target of 3% of GDP during 2013 even amid signs that economic growth will be lower than the government's forecast of 0.8%. Despite stagnant growth and fiscal challenges, France's borrowing costs declined during the second half of 2012 to euro-era lows.

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

company summary

Trade name	CHRONOWATCH - CHRONOMATIC - DIAMANTINI - DIAMANTO - SO CHARM
		EUR VAT Number	FR93438807463
Activity (APE)	Manufacturer of jewelery	Legal form	Limited Liability Company
Phone		RCS Registration	RCS Paris 0 438 807 463
Fax		Share capital	300,000 Euros
Address	DIAMANTA GYMES ORAGEM, MY SAGA 146 BD MALESHERBES 75017 PARIS 17	Incorporated Date	08/2001
Nationality	France	Status	Economically active

Trading to Date	12/31/2005	12/31/2004	12/31/2003
Turnover	211,552 €	83,891 €	13,480 €
Gross Operating Surplus	25,24 % Turnover	30,98 % Turnover	31,97 % Turnover
Shareholders’ equity	84,600 €	40,939 €	20,030 €
Net result	43,661 €	20,909 €	3,617 €
Employees	6 to 9 employees

Company details

Activity (APE)	Manufacturer of jewelery
RCS Registration	RCS Paris 0 438 807 463	Share capital	300,000 Euros
Registration Court	Paris (75)	Legal form	Limited Liability Company
Court Registry Number	20 0 1B12886	EUR VAT Number	FR93438807463
Incorporation Date	08/2001	Formation Date	08/2001
Deregistration Date		Last account Date	31/12/2005
Nationality	France

Establishment details

Trade name	CHRONOWATCH - CHRONOMATIC - DIAMANTINI - DIAMANTO - SO CHARM
Activity (APE)	Manufacturer of jewelery	Business Pages FT®
Postal Address	DIAMANTA GYMES ORAGEM, MY SAGA 146 BD MALESHERBES 75017 PARIS 17	Trading Address	146 BOULEVARD MALESHERBES 75017 PARIS 17
Telephone
Fax

Type	Head office	Status	Economically active
Formation Date	02/2013	Reason for formation	Formation

Department		Region	Ile-de-France
City	PARIS 17	Size of urban area

Other establishments

Branches	1 branch entities in this company
Head office	> DIAMANTA <<<  - Fabrication d’articles de joaillerie et bijouterie (3212Z)  in PARIS 17  (75017)
Secondary establishments	>  DIAMANTA  - Fabrication d’articles de joaillerie et bijouterie (3212Z)  in PARIS 17  (75017) >  DIAMANTA  - Fabrication d’articles de joaillerie et bijouterie (3212Z)  in PARIS 17  (75017)

Regionality	Legal unit with all establishments in same area
Mono-activity status	Legal unit having all establishments with the same main activity

Workforces

Workforce at address

Workforce unknown

Company workforce

6 to 9 employees

DIRECTORS/MANAGEMENT

Current Directors

2

directors

Name	M. UZAN YOHANN
Manager position	Manager	Date of birth	08/07/1975
Place of birth	SARCELLES (95200)
Type	Individual	Name at birth

Name	Mme. GHENASSIA MARINE
Manager position	Manager	Date of birth	26/04/1976
Place of birth	PARIS (75016)
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Manager	MME MARINE GHENASSIA	- - -
Manager	Mme MARINE GHENASSIA	26/04/1976 - PARIS (75016)
Manager	M YOHANN UZAN	08/07/1975 - SARCELLES
Manager	M YOHANN UZAN	08/07/1975 - SARCELLES (95200)

NEGATIVE INFORMATION

judgements

Collective procedures

No judgment information for the company

   Social security, pension funds preferential rights | Tax office preferential rights

Preferential rights details and history

Status of collection

This company is not under monitoring

SHARE & SHARE CAPITAL INFORMATION

Shareholders

No Shareholders available for this company

Share capital

300,000 Euros

GROUP STRUCTURE & AFFILIATED COMPANIES

Group data

Group Structure

No group information available for the company

FINANCIAL INFORMATION

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2005	31/12/2004	31/12/2003
Account period (month)	12	12	12
Account Type	Simple	Simple	Simple
Date of capture	-	-	-
Activity Code	3212Z	3212Z	3212Z
Employees	0	0	0

Active account

Annual Accounts	31/12/2005		31/12/2004		31/12/2003	Sector Median 2005
Capital not called	-	-	-	-	-	0	-
Total fixed assets	748	361,7%	162	-26,0%	219	25 713,50	-97,1%
- Intangible assets	0	0%	0	0%	0	4 472	0%
- Tangible assets	748	361,7%	162	-26,0%	219	7 236,50	-89,7%
- Financial assets	0	0%	0	0%	0	972,50	0%
Net current assets	192 351	30,9%	146 955	144,8%	60 023	122 759,50	56,7%
- Stocks	88 858	4,0%	85 442	0%	0	61 991	43,3%
- Advanced payments	0	30,9%	0	0%	0	0	0%
- Receivables	87 522	57,2%	55 684	7,3%	51 901	17 306	405,7%
- Securities and cash	15 512	187,8%	5 390	-31,4%	7 857	10 397	49,2%
- Prepaid expenses	459	4,6%	439	65,7%	265	459	0%
Accounts of regularization	-	-	-	-	-	0	-
Total Assets	193 099	31,3%	147 117	144,2%	60 242	166 284	16,1%

Passive Account

Annual Accounts	31/12/2005		31/12/2004		31/12/2003	Sector Median 2005
Shareholders' equity	84 600	106,6%	40 939	104,4%	20 030	40 149,50	110,7%
Share capital	7 623	0%	7 623	0%	7 623	8 000	-4,7%
Other capital resources	-	-	-	-	-	0	-
Risk Provisions	0	0%	0	0%	0	0	0%
Liabilities	108 498	2,2%	106 177	164,0%	40 214	108 584	-0,1%
- Financial liabilities	47	-92,1%	595	2379,2%	24	20 939	-99,8%
- Advanced payments received	2 000	81,8%	1 100	0%	0	0	0%
- Trade account payables	29 173	-30,2%	41 781	2082,9%	1 914	19 961	46,1%
- Tax and social liabilities	-	-	-	-	-	28 411	-
- Other debts and fixed assets liabilities	77 278	23,2%	62 701	63,8%	38 276	6 393,50	1108,7%
Account regularization	-	-	-	-	-	0	-
Total liabilities	193 098	31,3%	147 116	144,2%	60 244	166 284	16,1%

Results

Annual Accounts	31/12/2005		31/12/2004		31/12/2003	Sector Median 2005
Sales of Goods	211 553	152,2%	83 891	522,3%	13 480	183 718	15,2%
Net turnover	211 552	152,2%	83 891	522,3%	13 480	180 577	17,2%
- of which net export turnover	0	0%	0	0%	0	0	0%
Operating charges	158 372	173,3%	57 958	531,1%	9 183	178 999,50	-11,5%
Operating profit/loss	53 180	105,1%	25 933	503,5%	4 297	8 484,50	526,8%
Financial income	2 437	0%	0	0%	0	0	0%
Financial charges	358	-70,3%	1 205	5925,0%	20	1 010,50	-64,6%
Financial profit/loss	2 079	272,5%	-1 205	-5925,0%	-20	-831,50	350,0%
Pretax net operating income	55 260	123,5%	24 728	478,2%	4 277	7 138	674,2%
Extraordinary income	0	0%	0	0%	0	01	0%
Extraordinary charges	0	0%	0	0%	0	41	0%
Extraordinary profit/loss	0	0%	0	0%	0	0	0%
Net result	43 661	108,8%	20 909	478,1%	3 617	6 632	558,3%

Display parameter
Currency	Euro	Kilo Euro

Simple Account	31/12/2005	31/12/2004	31/12/2003
Months	12	12	12

Accounts - Active
Current Assets

Grand Total - Active account (I + II)

			31/12/2005		31/12/2004		31/12/2004
	Grand Total (I + II)	Net	193 098	31,3%	147 117	144,2%	60 242
	Gross	110	193 352	0%	0	0%	0
	Amortisation	112	253	0%	0	0%	0

Active fixed asset (I)

			31/12/2005		31/12/2004		31/12/2004
	Total Active fixed asset (I)	Net	748	361,7%	162	-26,0%	219
	Gross	044	1 001	331,5%	232	0%	232
	Amortisation	048	253	256,3%	71	446,2%	13
	Intangible assets: Goodwill	Net	0	0%	0	0%	0
	Gross	10	0	0%	0	0%	0
	Amortisation	12	0	0%	0	0%	0
	Other intangible fixed assets	Net	0	0%	0	0%	0
	Gross	14	0	0%	0	0%	0
	Amortisation	16	0	0%	0	0%	0
	Tangible Assets	Net	748	361,7%	162	-26,0%	219
	Gross	28	1 001	331,5%	232	0%	232
	Amortisation	30	253	256,3%	71	446,2%	13
	Immobilization Financial	Net	0	0%	0	0%	0
	Gross	40	0	0%	0	0%	0
	Accumulated depreciation	42	0	0%	0	0%	0

Assets (II)

			31/12/2005		31/12/2004		31/12/2004
	Total assets (II)	Net	192 351	30,9%	146 955	144,8%	60 023
	Gross	96	192 351	0%	0	0%	0
	Amortisation	98	0	0%	0	0%	0
	Raw materials stock, supply, in production	Net	0	0%	0	0%	0
	Gross	50	0	0%	0	0%	0
	Amortisation	52	0	0%	0	0%	0
	Goods for resale	Net	88 858	4,0%	85 442	0%	0
	Gross	60	88 858	0%	0	0%	0
	Amortisation	62	0	0%	0	0%	0
	Advance payments to suppliers	Net	0	0%	0	0%	0
	Gross	64	0	0%	0	0%	0
	Amortisation	66	0	0%	0	0%	0
	Trade accounts receivable debtor	Net	87 006	117,8%	39 939	-18,3%	48 901
	Gross	68	87 006	117,8%	39 939	-18,3%	48 901
	Amortisation	70	0	0%	0	0%	0
	Other debtors	Net	516	-96,7%	15 745	424,8%	3 000
	Gross	72	516	0%	0	0%	0
	Amortisation	74	0	0%	0	0%	0
	Investment securities	Net	0	0%	0	0%	0
	Gross	80	0	0%	0	0%	0
	Amortisation	82	0	0%	0	0%	0
	Cash and cash equivalents	Net	15 512	187,8%	5 390	-31,4%	7 857
	Gross	84	15 512	0%	0	0%	0
	Amortisation	86	0	0%	0	0%	0
	Cash	88 Net	0	0%	0	0%	0
	Prepaid expenses	Net	459	4,6%	439	65,7%	265
	Gross	92	459	0%	0	0%	0
	Amortisation	94	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Accounts - Passive

Grand Total - Passive Accounts (I + II + III)

		31/12/2005		31/12/2004		31/12/2003
Grand Total (I+II+III)	180	193 098	31,3%	147 117	144,2%	60 242

Shareholder Equity (I)

			31/12/2005		31/12/2004		31/12/2003
	Total Shareholder Equity	142	84 600	106,6%	40 939	104,4%	20 030
	Equity and shareholders' equity	120	7 623	0%	7 623	0%	7 623
	Revaluation differentials	124	0	0%	0	0%	0
	Legal reserve	126	762	0%	762	0%	762
	Special regulated reserves	130	0	0%	0	0%	0
	Other reserves	132	0	0%	0	0%	0
	Profits or losses brought forward	134	32 554	179,6%	11 645	45,1%	8 027
	Profit or loss for the period	136	43 661	108,8%	20 909	478,1%	3 617
	Special tax-allowable reserves	140	0	0%	0	0%	0

Provisions for risks and charges (II)

		31/12/2005	31/12/2004	31/12/2003
Provisions for risks and charges (II)	154	0	0	0

Liabilities (III)

			31/12/2005		31/12/2004		31/12/2003
	Total Liabilities (III)	176	108 498	2,2%	106 178	164,0%	40 213
	Loans & debts assimilated	156	47	-92,1%	595	2379,2%	24
	Advance payments received for current orders	164	2 000	81,8%	1 100	0%	0
	Trade accounts payables	166	29 173	-30,2%	41 781	2082,9%	1 914
	Other debts	172	77 278	23,2%	62 701	63,8%	38 276
	Other creditors whose accounts of associates of the exercise N	169	0	0%	0	0%	0
	Deferred income	174	0	0%	0	0%	0

References

		31/12/2005		31/12/2004		31/12/2003
Including Fiancial assets of -1 year	193	0	0%	0	0%	0
Including debts after one year	197	0	0%	0	0%	0
Including current accounts receivable associated	199	0	0%	0	0%	0
Including debts + 1 year	195	0	0%	0	0%	0
Cost of return of capital assets acquired or created during the year	182	0	0%	0	0%	0
Selling price excluding VAT capital surrendered during the year	184	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Simplified Income statement
Taxable income

A - Account result
1 - Operating result (I-II)

		31/12/2005		31/12/2004		31/12/2003
Operating result	270	53 180	105,1%	25 933	503,5%	4 297

2 - Profit or loss (I + II + IV) - Charges (II + V + VI + VII)

		31/12/2005		31/12/2004		31/12/2003
Profit or loss	310	43 661	108,8%	20 909	478,1%	3 617

Operating income (I)

			31/12/2005		31/12/2004		31/12/2003
	Total operating income without VAT (Total I)	232	211 553	152,2%	83 891	522,3%	13 480
	Sale of goods for resale	210	211 552	152,2%	83 891	522,3%	13 480
	Export	209	0	0%	0	0%	0
	Sale of goods produced	214	0	0%	0	0%	0
	Export	215	0	0%	0	0%	0
	Sale of services	218	0	0%	0	0%	0
	Export	217	0	0%	0	0%	0
	Stocked production	222	0	0%	0	0%	0
	Self-constructed assets	224	0	0%	0	0%	0
	Operating grants	226	0	0%	0	0%	0
	Other income	230	01	0%	0	0%	0

Operating charges (II)

			31/12/2005		31/12/2004		31/12/2003
	Total operating charges (Total II)	264	158 372	173,3%	57 958	531,1%	9 183
	Purchase of goods for resale (including customs duties)	234	126 989	2,6%	123 805	2330,4%	5 094
	Change in stocks of goods for resale	236	-3 416	96,0%	-85 442	0%	0
	Purchase of raw materials (including customs duties)	238	0	0%	0	0%	0
	Change in stocks of raw materials	240	0	0%	0	0%	0
	Other external purchases and charges	242	25 136	79,0%	14 045	264,6%	3 852
	Includes lease - furniture	242_2	0	0%	0	0%	0
	Includes lease - real estate	242_1	0	0%	0	0%	0
	Tax, duty and similar payments	244	3 389	17,1%	2 893	1191,5%	224
	Including business tax	243	0	0%	0	0%	0
	Payroll	250	849	-54,3%	1 857	0%	0
	Social security costs	252	5 209	602,0%	742	0%	0
	Depreciation	254	183	215,5%	58	346,2%	13
	Provisions	256	0	0%	0	0%	0
	Other charges	262	33	0%	0	0%	0
	Including provisions for tax settlements abroad	259	0	0%	0	0%	0

Products and various charges (III to VII)

		31/12/2005		31/12/2004		31/12/2003
Financial Products (Total III)	280	2 437	0%	0	0%	0
Extraordinary income (Total IV)	290	0	0%	0	0%	0
Financial charges (Total V)	294	358	-70,3%	1 205	5925,0%	20
Extraordinary charges (Total VI)	300	0	0%	0	0%	0
Income taxes (Total VII)	306	11 598	203,7%	3 819	478,6%	660

B - Taxable income

		31/12/2005		31/12/2004		31/12/2003
Compensation and benefits non-deductible personal	316	0	0%	0	0%	0
Amount VAT collected	374	0	0%	0	0%	0
Deductible VAT on goods and services	378	0	0%	0	0%	0
Average number of employees	376	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Other incomes tax return forms
Capital gains, losses | Summary of Provisions - Depreciation Derogatory

Assets

			31/12/2005		31/12/2004		31/12/2003
	Gross asset value at beginning of year	490	232	0%	0	0%	0
	Increases	492	768	0%	0	0%	0
	Decreasess	494	0	0%	0	0%	0

Intangible fixed assets

		31/12/2005		31/12/2004		31/12/2003
Goodwill (Increases)	402	0	0%	0	0%	0
Goodwill (Decreases)	404	0	0%	0	0%	0
Others (Increases)	412	0	0%	0	0%	0
Others (Decreases)	414	0	0%	0	0%	0

Tangilble fixed assets (Increases)

		31/12/2005		31/12/2004		31/12/2003
Lands	422	0	0%	0	0%	0
Buildings	432	0	0%	0	0%	0
Plant machinery and equipment industry	442	0	0%	0	0%	0
General installations various fixtures	452	0	0%	0	0%	0
Transportation Equipment	462	0	0%	0	0%	0
Other fixed assets	472	768	0%	0	0%	0

Financial assets

		31/12/2005		31/12/2004		31/12/2003
Increases	482	0	0%	0	0%	0
Decreases	484	0	0%	0	0%	0

Capital gains, losses

		31/12/2005		31/12/2004		31/12/2003
Total Residual Value	582	0	0%	0	0%	0
Total Transfer pricing	584	0	0%	0	0%	0
Total Plus or losses in the short term	596	0	0%	0	0%	0
Total Plus or losses in the long term	598	0	0%	0	0%	0

Summary of Provisions - Depreciation Derogatory

			31/12/2005		31/12/2004		31/12/2003
	Total Provisions (increases)	682	0	0%	0	0%	0
	Provisions regulated - Depreciation Derogatory	602	0	0%	0	0%	0
	Provisions regulated - Including exceptional increases of 30%	603	0	0%	0	0%	0
	Other Provisions regulated	612	0	0%	0	0%	0
	Provisions for risks and charges	622	0	0%	0	0%	0
	Provisions for losses - On Capital	632	0	0%	0	0%	0
	Provisions for losses - and current stocks	642	0	0%	0	0%	0
	Provisions for losses - clients and accounts payable	652	0	0%	0	0%	0
	Other Provisions for losses	662	0	0%	0	0%	0
	Total Provisions (decreases)	684	0	0%	0	0%	0
	Provisions regulated - Depreciation Derogatory	604	0	0%	0	0%	0
	Provisions regulated - Including exceptional increases of 30%	605	0	0%	0	0%	0
	Other Provisions regulated	614
	Provisions for risks and charges	624	0	0%	0	0%	0
	Provisions for losses - On Capital	634	0	0%	0	0%	0
	Provisions for losses - and current stocks	644	0	0%	0	0%	0
	Provisions for losses - clients and accounts payable	654	0	0%	0	0%	0
	Other Provisions for losses	664	0	0%	0	0%	0

Display parameter
Comparison mode	Average	Median

Ratios
Structure and liquidity | Management or rotation | Profitability of the business | Return on capital

Structure and Liquidity

		31/12/2005		31/12/2004		31/12/2003	Sector Median 2005
Fixed Asset Financing		84,82	-52,7%	179,33	107,3%	86,50	1,87	4435,8%
Global Debt		185 days	-59,4%	456 days	-57,5%	1074 days	181,50 days	1,9%
Working Capital Fund overall net		143 days	-19,7%	178 days	-66,4%	530 days	84,50 days	69,2%
Financial independence		180000%	2516,1%	6880,50%	-91,8%	83458,33%	287,90%	62421,7%
More ratios
Solvability		43,81%	57,4%	27,83%	-16,3%	33,25%	32,87%	33,3%
Capacity debt futures		%	-	%	-	%	960,07%	-
Coverage of current assets by net working capital overall		43,72%	-57,8%	103,59%	155,4%	40,56%	44,23%	-1,2%
General Liquidity		0,81	113,2%	0,38	-68,9%	1,22	0,27	200%
Restricted Liquidity		0,95	150,0%	0,38	-68,9%	1,22	0,51	86,3%

Management or rotation

		31/12/2005		31/12/2004		31/12/2003	Sector Median 2005
Need background in operating working capital		116 days	141,1%	-282 days	-221,0%	233 days	45 days	157,8%
Treasury		0 days	0%	0 days	0%	0 days	1 days	0%
Inventory turnover of goods		259 days	0%	0 days	0%	0 days	338 days	-23,4%
Average length of credit granted to customers		148 days	-13,5%	171 days	-86,9%	1306 days	26 days	469,2%
Average length of credit obtained suppliers		71 days	-75,3%	287 days	272,7%	77 days	64 days	10,9%
More ratios
Inventory turnover of raw materials in industrial enterprises		days	-	days	-	days	74 days	-
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	708 days	-
Rotation tangible assets		21134,07%	-41,6%	36159,91%	522,3%	5810,34%	601,84%	3411,6%

Profitability of the business

		31/12/2005		31/12/2004		31/12/2003	Sector Median 2005
Margin trading		41,59%	-23,4%	54,27%	-12,8%	62,21	3,94%	955,6%
Profitability of the business		25,24	-18,5%	30,98	-3,1%	31,97	6,24%	304,5%
Net profit		20,64%	-17,2%	24,92%	-7,1%	26,83%	3,49%	491,4%
More ratios
Growth rate of turnover (excluding VAT)		%	-	%	-	%	0%	-
Rates integration		29,71%	-20,8%	37,53%	11,6%	33,64%	40,07%	-25,9%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		9,64%	16,7%	8,26%	0%	0%	77,77%	-87,6%
Weight interests		0,17	-88,2%	1,44%	860,0%	0,15%	0,63%	-73,0%

Return on capital

		31/12/2005		31/12/2004		31/12/2003	Sector Median 2005
Cash flow from the overall profitability		20,72%	-17,1%	24,99%	-7,2%	26,93%	5,42%	282,3%
Rates of economic profitability		63,08%	0,8%	62,58%	191,2%	21,49%	14%	350,6%
Financial profitability		51,61%	1,1%	51,07%	182,8%	18,06%	9271,50%	-99,4%
Return on investment		52%	-2,3%	53,24%	193,5%	18,14%	10,59%	391,0%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2005		31/12/2004		31/12/2003	Sector Median 2005
Turnover	211 552	152,2%	83 891	522,3%	13 480	180 577 €	17,2%

Sales of goods	211 552	152,2%	83 891	522,3%	13 480
- Purchase of goods	126 989	2,6%	123 805	2330,4%	5 094
+/- Stock of goods variation	-3 416	96,0%	-85 442	0%	0
Trading margin	87 979 €	93,2%	45 528 €	442,9%	8 386 €	4 091 €	2050,5%
	41,59 % CA	-23,4%	54,27 % CA	-12,8%	62,21 % CA	10,47 % CA	297,2%

Sale of goods produced	0	0%	0	0%	0
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	0 €	0%	0 €	0%	0 €	74 585,50 €	0%
	% CA	-	% CA	-	% CA	93,23 % CA	-

Trading margin	87 979	93,2%	45 528	442,9%	8 386	4 091	2050,5%
+ Period Production	0	0%	0	0%	0	74 585,50	0%
- Purchase of raw materials	0	0%	0	0%	0
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	25 136	79,0%	14 045	264,6%	3 852
Added value	62 843 €	99,6%	31 483 €	594,4%	4 534 €	72 773,50 €	-13,6%
	29,71 % CA	-20,8%	37,53 % CA	11,6%	33,64 % CA	40,07 % CA	-25,9%

Added value	62 843 €	99,6%	31 483 €	594,4%	4 534 €	72 773,50 €	-13,6%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	3 389	17,1%	2 893	1191,5%	224
- Personal charges	6 058	133,1%	2 599	0%	0
Gross operating surplus	53 396 €	105,4%	25 991 €	503,0%	4 310 €	10 703 €	398,9%
	25,24 % CA	-18,5%	30,98 % CA	-3,1%	31,97 % CA	6,23 % CA	305,1%

Gross operating surplus	53 396 €	105,4%	25 991 €	503,0%	4 310 €	10 703 €	398,9%
+ Release of reserves and provisions	-	-	-	-	-
+ Other operating income	01	0%	0	0%	0
- Depreciation/Amortisation	183	215,5%	58	346,2%	13
- Other charges	33	0%	0	0%	0
Operating result	53 181 €	105,1%	25 933 €	503,5%	4 297 €	8 438,50 €	530,2%
	25,14 % CA	-18,7%	30,91 % CA	-3,0%	31,88 % CA	4,81 % CA	422,7%

Operating result	53 181 €	105,1%	25 933 €	503,5%	4 297 €	8 438,50 €	530,2%
+/- Result of joint-venture transferred from/to other partners	-	-	-	-	-
+ Financial income	2 437	0%	0	0%	0
- Financial charges	358	-70,3%	1 205	5925,0%	20
Pre-tax result	55 260 €	123,5%	24 728 €	478,2%	4 277 €	7 114,50 €	676,7%
	26,12 % CA	-11,4%	29,48 % CA	-7,1%	31,73 % CA	3,83 % CA	582,0%

Extraordinary income	0	0%	0	0%	0	01	0%
- Extraordinary charges	0	0%	0	0%	0
Extraordinary result	0 €	0%	0 €	0%	0 €	0 €	0%
	% CA	-	% CA	-	% CA	0 % CA	-

Pre-tax result	55 260 €	123,5%	24 728 €	478,2%	4 277 €	7 114,50 €	676,7%
Extraordinary result	0 €	0%	0 €	0%	0 €	0 €	0%
- Employee profit sharing	-	-	-	-	-
- Tax on profits	11 598	203,7%	3 819	478,6%	660
Net result	43 662 €	108,8%	20 909 €	478,1%	3 617 €	6 476 €	574,2%
	20,64 % CA	-17,2%	24,92 % CA	-7,1%	26,83 % CA	3,48 % CA	493,1%

ADDITIONAL INFORMATION

This company is not under monitoring

Trends

Profitability

Liquidity

Net worth

Commentary

The comments are ordered according to the class of risk. Companies are compared with regard to other companies of the same type. Thus a positive comment for one category can be negative for another or can change depending on its value. This is a purely statistical decision.

	The sales to current assets ratio is 1,1
	The deviation in the equity percentage over the last two accounting periods is 157.44 %
	The growth in pre-tax profit over the last two accounting periods is 223.47 %
	The deviation in the current ratio over the last two accounting periods is 128.09 %
	The financial liabilities are 47 €
	The pre-tax profit is 55,259 €
	Industry code with low risk rating
	Region code with low risk rating
	The company is 12 years old
	Workforce size is in the average risk band
	The trade payables value is 29,173 €
	The net current assets are 192,351 €
	The net turnover is 211,552 €
	The ratio total assets to total liabilities is 1,78
	The deviation in the gearing percentage over the last two accounting periods is 3,82 %
	The deviation in the return on capital employed over the last two accounting periods is 108.14 %
	The growth in the pre-tax profit margin over the last two accounting periods is 88.62 %
	The stocks value is 88,858 €
	The tangible fixed assets are 748 €
	The receivables value is 87,522 €

Linkages

Linkages

No Linkages information available for the company

event history

Status history

Date	Description
07/02/2013	Economically active

Recent publications in Gazettes

Publication date	Gazette Name	Description
21/03/2013	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 843 - 438 807 463 RCS Paris. DIAMANTA. Forme : Société à responsabilité limitée. Capital : 300000 EUR. Activité : . Adresse de l’établissement principal : 146 boulevard Malesherbes, 75017 Paris. Adresse du siège social : 146 boulevard Malesherbes, 75017 Paris. Commentaires : modification survenue sur l'adresse du siège.
08/03/2013	JAL	Head Office Transfer
Nouvel Economiste (Le) Date de décision : 07/02/2013 Transfert du siège social de la société 438807463 -  DIAMANTA Adresse du nouveau siège : 146 BOULEVARD MALESHERBES, 75017 PARIS Ancienne localisation : 41 AV DES TERNES, PARIS 17, 75017 PARIS 17 Date d'effet : 07/02/2013
20/05/2011	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1119 - 438 807 463 RCS Paris. DIAMANTA. Forme : Société à responsabilité limitée. Capital : 300000 EUR. Activité : . Adresse du siège social : 41 avenue des Ternes, 75017 Paris. Commentaires : modification survenue sur le capital (augmentation).
10/05/2011	JAL	Modification of the share capital
Parisien (Le) /Edition de Paris Date de décision : 22/04/2011 La société : 438807463 - DIAMANTA, LES BIJOUX A GRAVER MARINE COMPTOIR, 4 RUE GALVANI, CHEZ CDF, PARIS 17, 75017 PARIS 17 a subi une augmentation de son capital social désormais de 300 000 € Date d'effet : 22/04/2011
09/03/2011	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 2653 - 438 807 463 RCS Paris. DIAMANTA. Forme : Société à responsabilité limitée. Capital : 100000 EUR. Activité : . Adresse de l’établissement principal : 41 avenue des Ternes, 75017 Paris. Adresse du siège social : 41 avenue des Ternes, 75017 Paris. Commentaires : modification survenue sur l'adresse du siège.
16/09/2007	Bodacc B	Modifications et mutations diverses
1552 - RCS Paris B 438 807 463. RC 01-B 12886. DIAMANTA. Forme : S.A.R.L. Capital : 100 000 euros. Adresse du siège social : 4 rue Galvani,, 75838 Commentaires : modification survenue sur l'administration. Administration : nomination du gérant : GHENASSIA (Marine).
26/08/2007	Bodacc B	Modifications et mutations diverses
1055 - RCS Paris B 438 807 463. RC 01-B 12886. DIAMANTA. Forme : S.A.R.L. Capital : 100 000 euros. Adresse du siège social : 4 rue Galvani,, 75838 Commentaires : modification survenue sur le capital (augmentation) et l'activité. Etablissement principal - Activité : fabrication, création, achat, vente par tous moyens, tant en France qu'à l'étranger, d'ouvrages en métaux précieux, de pierres précieuses et semi-précieuses d'ouvrages en métaux précieux, ainsi que tous produits d'horlogerie. Toutes opérations de toute nature se rattachant, directement ou indirectement, à l'objet social . Adresse : 4 rue Galvani, 75838
18/11/2006	Bodacc C	Avis de dépôt des comptes
7001 - RCS Paris B 438 807 463. RC 01-B 12886. DIAMANTA. Forme: S.A.R.L.. Adresse du siège social: 4, R Galvani,Paris, 75838 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
09/10/2005	Bodacc C	Avis de dépôt des comptes
4057 - RCS Paris B 438 807 463. RC 01-B 12886. DIAMANTA. Forme: S.A.R.L.. Adresse du siège social: 4, R Galvani,Paris, 75838 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
09/10/2001	Bodacc B	Modifications et mutations diverses
RCS Paris B 438807463 RC 01-B 12886 DIAMANTA. Forme : S.A.R.L. Adresse du siège social : 4 rue Galvani, 75838 Paris Cedex 17. Commentaires : modification survenue sur l'adresse du siège social et l'adresse de l' établissement principal Etablissement principal: Adresse : 4 rue Galvani, 75838 Paris Cedex 17.
23/08/2001	Bodacc A	Création d'établissement
RCS Paris B 438807463 RC 01-B 12886 DIAMANTA. Forme : S.A.R.L. Capital : 7 623 euros. Activité : création, fabrication, achat et vente de bijoux. Adresse du siège social : 4 avenue de Wagram, 75008 Paris. Administration : gérant : UZAN ( Yohann) Cette société se constitue Date de début d'activité: 3 aout 2001.

Company events history

Date	Description
22/10/2013	Update Limit
22/10/2013	Update Rating
16/10/2013	Update Limit
16/10/2013	Update Rating
21/03/2013	Bodacc B: Various editing or changing
08/03/2013	Legal Gazette: Head Office Transfer
06/03/2013	Minutes of general meeting of shareholders
06/03/2013	Registered office transferred inside jurisdiction of the Commercial Court
06/03/2013	Updated articles of association
07/02/2013	Update of Company Head Office Identifier
07/02/2013	Transfer of Establishment
20/05/2011	Bodacc B: Various editing or changing
05/05/2011	Capital increase
05/05/2011	Minutes of general meeting of shareholders
05/05/2011	Updated articles of association
22/04/2011	Legal Gazette: Modification of the share capital
09/03/2011	Bodacc B: Various editing or changing
22/02/2011	Amendment
22/02/2011	Registered office transferred inside jurisdiction of the Commercial Court
22/02/2011	Updated articles of association
22/02/2011	Minutes of general meeting of shareholders
31/07/2007	Nomination/démission des organes de gestion
31/07/2007	PV d'Assemblée
16/07/2007	Change to corporate purpose
16/07/2007	Changement de date de clôture
16/07/2007	Updated articles of association
16/07/2007	Statuts mis à jour
16/07/2007	Modification de l'objet social
16/07/2007	Capital increase
16/07/2007	Augmentation de Capital
16/07/2007	Private document
16/07/2007	Minutes of general meeting of shareholders
16/07/2007	PV d'Assemblée
16/07/2007	New closing date
01/01/2007	Private document
01/01/2007	Minutes of general meeting of shareholders
01/01/2007	Appointment/resignation of company officers
31/12/2005	New accounts available
31/12/2004	New accounts available
31/12/2003	New accounts available
26/09/2001	PV d'Assemblée
26/09/2001	Acte sous seing privé
26/09/2001	Transfert du Siège dans le ressort du Tribunal de Commerce
26/09/2001	Statuts mis à jour
07/08/2001	Certificat de dépôt des fonds
07/08/2001	Statuts
07/08/2001	Acte sous seing privé
07/08/2001	Formation de Société

Establishment events history

Date	Description
19/11/2013	Update Rating
07/02/2013	Formation of Head office (after transfer

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.

- 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 –

- Gem & Jewellery Export Promotion Council in its statistical data has shown the export of polished diamonds to have increase by 28 % in February 2013. Compared to $ 1.4 bn worth of polished diamond export in February, 2012, India exported $ 1.84 billion worth of polished diamonds in February 2013. A senior executive of GJEPC said, “Export of cut and polished diamonds started falling month-wise after the imposition of 2 % of import duty on the polished diamonds. But February, 2013 has given a new ray of hope to the industry as the export of polished diamonds has actually increased by 28 %. It means the industry  is on the track of recovery and round tripping of diamonds has stopped completely.” Demand has started coming from the US, the UK, Japan and China. India’s polished diamond export is expected to cross $ 21 bn in 2013-14.

- The banking sector has started exercising restraint while following prudent risk management norms when lending money to gems and jewellery sector. This follows the implementation of Basel III accord – a global voluntary regulatory standard on bank capital adequacy, stress testing and market liquidity.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.33
UK Pound	1	Rs.100.79
Euro	1	Rs.84.38

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.