MIRA INFORM REPORT

Report Date :

25.03.2013

IDENTIFICATION DETAILS

Name :	RISING STONE BVBA
Registered Office :	Hoveniersstraat 2, 2018 Antwerpen
Country :	Belgium
Financials (as on) :	31.12.2011
Date of Incorporation :	01.12.2000
Legal Form :	Private Limited Company (BL/LX)
LINE OF BUSINESS :	WHOLESALE OF DIAMONDS AND OTHER PRECIOUS STONES
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 but correct
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

Business number	473409983
Company name	RISING STONE BVBA
Address	HOVENIERSSTRAAT 2
	2018 ANTWERPEN
Number of staff	0
Date of establishment	01/12/2000
Telephone number	032946779
Fax number	-

Ultimate holding company

Safe number	Company name	Company Number	View linked companies from outside this company's group structure
-	-	-	No linked companies have been found.

Accounts & ratios

Date of latest accounts	Turnover	Profit Before Tax	Net worth	Working capital
31/12/2011		24,190	96,169	89,260
31/12/2010		27,709	77,329	75,725
31/12/2009		15,865	58,331	56,284

Accounts & ratios

Date of latest accounts	Balance Total	Number of Employees	Capital	Cashflow
31/12/2011	2,329,266	0	19,000	20,497
31/12/2010	2,614,069	0	19,000	19,441
31/12/2009	1,955,264	0	19,000	12,671

Trends

Profitability
Liquidity
Net worth

Payment expectations

Past payments		Payment expectation days	-
Industry average payment expectation days	176.11	Industry average day sales outstanding	109.66
Day sales outstanding	-

Court data summary

Bankruptcy details
Court action type	no
Protested bills
Bill amount	-
NSSO details
Date of summons	-

Business number	473409983	Company name	RISING STONE BVBA
Fax number	-	Date founded	01/12/2000
Company status	active	Company type	Private Limited Company (BL/LX)
Currency	Euro (€)	Date of latest accounts	31/12/2011
Activity code	46761	liable for VAT	yes
Activity description	Wholesale of diamonds and other precious stones	VAT Number	BE.0473.409.983
Belgian Bullettin of Acts Publications	moniteur belge

Contractor details Check Article 30 Bis

Registered contractor number	-
Contractor description	-
Date struck off register

Personnel limit NSSO

Code	-
Description	-

Profit & loss

Annual accounts	31-12-2011	%	31-12-2010	%	31-12-2009	Industry average 2011	%
Weeks	52		52		52
Currency	EUR		EUR		EUR
Turnover	-	-	-	-	-	49,761,740	-
Total operating expenses	-	-	-	-	-	49,123,405	-
Operating result	25,595	-13.83	29,705	54.44	19,234	238,450	-89.27
Total financial income	13	218	4	20300	0	149,554	-99
Total financial expenses	1,418	-29.09	2,000	-40.65	3,370	288,302	-99
Results on ordinary operations before taxation	24,190	-12.70	27,709	74.66	15,865	84,337	-71.32
Taxation	5,350	-38.58	8,711	139	3,640	37,937	-85.90
Results on ordinary operations after taxation	18,840	-0.83	18,998	55.41	12,225	59,033	-68.09
Extraordinary items	0	-	0	-	0	3,114	-100
Other appropriations	0	-	0.00	-	0.00	-	-
Net result	18,840	-0.83	18,998	55.41	12,225	62,031	-69.63
other information
Dividends	-	-	-	-	-	147,735	-
Director remuneration	-	-	-	-	-	115,336	-
Employee costs	-	-	-	-	-	128,224	-
Wages and salary	-	-	-	-	-	108,712	-
Employee pension costs	-	-	-	-	-	8,542	-
Social security contributions	-	-	-	-	-	27,245	-
Other employee costs	0	-	0	-	0	3,581	-100
Amortization and depreciation	1,657	273	443	-0.61	446	18,431	-91.01
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balance sheet

Annual accounts	31-12-2011	%	31-12-2010	%	31-12-2009	Industry average 2011	%
Weeks	52		52		52
Currency	EUR		EUR		EUR
Intangible fixed assets	0	-	0	-	0	1,448	-100
Tangible fixed assets	6,909	330	1,604	-21.65	2,047	177,869	-96.12
Land & building	-	-	-	-	-	346,516	-
Plant & machinery	3,039	114	1,418	-21.49	1,806	21,761	-86.03
Other tangible assets	3,870	1981	186	-22.84	241	24,774	-84.38
Financial fixed assets	-	-	-	-	-	277,948	-
Total fixed assets	6,909	330	1,604	-21.65	2,047	364,361	-98.10
Inventories	1,139,339	270	307,266	-58.99	749,220	3,057,509	-62.74
Raw materials & consumables	-	-	-	-	-	4,164,364	-
Work in progress	0	-	0	-	0	2,470	-100
Finished goods	0	-	0	-	0	2,042,920	-100
Other stocks	1,139,339	270	307,266	-58.99	749,220	470,724	142
Trade debtors	1,055,215	-26.97	1,444,809	83.41	787,736	3,898,466	-72.93
Cash	119,312	-86.09	857,799	106	414,629	240,068	-50.30
other amounts receivable	3,407	31.46	2,592	58.78	1,632	247,007	-98.62
Miscellaneous current assets	5,084	-	0	-	0	21,314	-76.15
Total current assets	2,322,357	-11.10	2,612,465	33.75	1,953,217	6,955,068	-66.61
current liabilities
Trade creditors	1,396,539	-15.42	1,651,228	53.34	1,076,815	2,783,115	-49.82
Short term group loans	-	-	-	-	-	-	-
Other short term loans	0	-	0	-	0	1,893,711	-100
Miscellaneous current liabilities	836,558	-5.53	885,512	7.97	820,119	125	- -
Total current liabilities	2,233,097	-11.97	2,536,740	33.73	1,896,933	4,930,367	-54.71
Long term debts
Long term group loans	-	-	-	-	-	-	- -
Other long term loans	-	-	-	-	-	-	- -
Other long term liabilities	0	-	0	-	0	143,350	-100
Total long term debts	0	-	0	-	0	599,761	-100
shareholders equity
Issued share capital	19,000	0	19,000	0	19,000	1,025,391	-98.15
Share premium account	-	-	-	-	-	108,219	-
Reserves	77,169	32.30	58,329	48.30	39,331	698,475	-88.95
Revaluation reserve	-	-	-	-	-	815,555	-
Total shareholders equity	96,169	24.36	77,329	32.57	58,331	1,745,277	-94.49
Working capital	89,260	17.87	75,725	34.54	56,284	2,024,701	-95.59
Cashflow	20,497	5.43	19,441	53.44	12,671	77,239	-73.46
Net worth	96,169	24.36	77,329	32.57	58,331	1,743,828	-94.49
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ratio analysis

Annual accounts	31-12-2011	change(%)	31-12-2010	change(%)	31-12-2009	Industry average 2011	%
Trading performance
Profit Before Tax	-	-	-	-	-	-748,00	-
Return on capital employed	25.15	-29.81	35.83	31.73	27.20	-14,00	179
Return on total assets employed	1.04	-1.89	1.06	30.86	0.81	-34,00	3.06
Return on net assets employed	25.15	-29.81	35.83	31.73	27.20	-13,00	193
Sales / net working capital	-	-	-	-	-	67,00	-
Stock turnover ratio	-	-	-	-	-	67,00	-
Debtor days	-	-	-	-	-	58.397,00	-
Creditor days	-	-	-	-	-	330,00	-
short term stability
Current ratio	1.04	0.97	1.03	0	1.03	4,00	-94.22
Liquidity ratio / acid ratio	0.53	-41.76	0.91	44.44	0.63	3,00	-82.33
Current debt ratio	23.22	-29.21	32.80	0.86	32.52	18,00	29.00
Liquidity ratio reprocessed	-	-	-	-	-	-	-
long term stability
Gearing	-	-	-	-	-	265,00	-
Equity in percentage	4.13	39.53	2.96	-0.67	2.98	-1.082,00	0.38
Total debt ratio	23.22	-29.21	32.80	0.86	32.52	19,00	22.21

Industry comparison

Activity code	46761
Activity description	Wholesale of diamonds and other precious stones
industry average credit rating	64.48
Industry average credit limit	140177.31

Suspension of payments / moratorium history

Amount	-
Details	-

Payment expectations

Payment expectation days	-
Day sales outstanding	-

Industry comparison

Activity code	46761
Activity description	Wholesale of diamonds and other precious stones
Industry average payment expectation days	176.11
Industry average day sales outstanding	109.66

Industry quartile analysis

Payment expectations
Company result	-
Lower	121.46
Median	73.03
Upper	41.43
Day sales outstanding
Company result	-
Lower	106.41
Median	54.84
Upper	24.41

Company result	-
Lower	121.46
Median	73.03
Upper	41.43

Company result	-
Lower	106.41
Median	54.84
Upper	24.41

Summary

Group - Number of Companies	0
Linkages - Number of Companies	0
Number of Countries	0

Group Structure

Click the company to view / order a report.

No group structure for this company.

Minority Shareholders

No minority shareholders found

Minority Interests

No minority interests found

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451739787	ZLAYET AND SONS DIAMONDS BVBA	95	335000	31/12/2011
452535385	EUROPEAN COMMODITIES TRADING IN VEREFFENING NV	-	-	-
452535385	EUROPEAN COMMODITIES TRADING IN VEREFFENING NV	-	-	-
452878548	CAPE DIAMONDS IN VEREFFENING BVBA	-	-	31/12/2006
453082842	INTERCONTINENTAL GEMS MERCHANTS BVBA	-	-	-
453648214	POLICOM DIAMONDS IN VEREFFENING BVBA	-	-	-
453786388	M.S. RAHAMIN DIAMONDS BVBA	-	-	-
453943667	SALLY TRADING BVBA	84	2000	31/12/2011
454109458	KEDEM DIAMONDS BVBA	70	0	31/12/2011
454711353	WEST COAST TRADING IN VEREFFENING BVBA	-	-	-
455128354	SUSSKIND DIAMONDS IN VEREFFENING NV	-	-	30/06/2004
455271775	FORESIGHT & CO BVBA	79	29000	31/12/2011
455564161	SIEROUGH BVBA	-	-	31/12/2006
455947312	JUST DIAMONDS BVBA	90	415000	31/12/2011
455947312	JUST DIAMONDS BVBA	90	415000	31/12/2011
456247418	TEJ-DIAM BVBA	73	35000	30/06/2012
456455769	SUNNEX BVBA	76	1250000	31/12/2011
456632052	JATY RON IN VEREFFENING BVBA	-	-	-
458088735	SHALU GAMBH IN VEREFFENING BVBA	-	-	-
458866517	FENIKS NV	68	76000	31/12/2011
458979650	D.C.C. IN VEREFFENING BVBA	-	-	-
460287962	DIABEX NV	80	2000000	31/12/2011
460469193	THE LEVY'S GROUP BVBA	64	21000	31/12/2011
460568965	THE DALI CORPORATION IN VEREFFENING BVBA	-	-	31/12/2006
461031003	L.D. GEMS BVBA	70	130000	31/12/2011
461031102	ADL GROUP BVBA	51	0	31/12/2011
461159081	AALISHA GEMS BVBA	88	1200000	31/12/2011
461159180	CO.CO. DIAMONDS IN VEREFFENING	-	-	31/12/2002
462600126	D. NAVINCHANDRA GEMS BVBA	83	850000	31/12/2011
462623880	A.K. DIAM BVBA	46	0	31/12/2011
463650694	PRISTINE DIAMONDS NV	87	430000	31/12/2011
463903983	NATURAL INDUSTRIAL DIAMONDS NV	65	1000	31/12/2011
463916059	DIACCENTS NV	78	360000	31/12/2011
464008408	CASA GI INTERNATIONAL NV	68	22500	31/07/2012
465008201	CREATIVE DIAMONDS BVBA	48	0	31/12/2011
465396201	NETALDIAM BVBA	73	355000	31/12/2011
465886941	MILLENIUM.P.A.N. NV	-	-	31/12/2010
466656310	LAGUNA GEMS IN VEREFFENING NV	-	-	31/10/2005
467147545	AH SHAI DIAMONDS BVBA	74	265000	31/12/2011
467219702	BRILLIANT STAR BVBA	72	275000	31/12/2011
471781274	SZWARCBURT DIAMOND TRADING COMPANY BVBA	85	170000	31/12/2011
472420385	WAHL SALIK HOLDING NV	61	500	30/06/2012
472549455	K.G.K FINE JEWELLERY BVBA	47	0	31/12/2011
472707922	LA VITTORIA BVBA	68	17500	31/12/2011
473016441	AYE DIAMOND BVBA	78	1500	-
473705042	M.B.D BVBA	74	85000	31/12/2011
474815691	RANDIAM BVBA	66	20500	31/12/2011
475134704	ANTWERP DIAMONDS IN CENTIVES BVBA	-	-	-
475138860	STAR GEM WORLD DIAMONDS BVBA	-	-	31/12/2009
476576242	CLASSIC DIAM BVBA	64	580000	31/03/2012
476640974	H.R.P. DIAM BVBA	79	1100000	31/12/2011
476782318	RGBS NV	44	0	31/12/2011
477791118	EUROTRENDS BVBA	60	11500	31/12/2011
477918604	DHANERA DIAM BVBA	-	-	31/12/2003
479202962	JAY DIMON EBVBA	68	670000	31/12/2011
479568691	B.G.A.DIAMONDS BVBA	67	130000	31/12/2011
479816636	ETERNAL DIAMONDS BVBA	71	36500	31/12/2011
479872460	DIANISH JEWELS BVBA	3	0	31/12/2011
480721904	YASH GEMS BVBA	84	485000	31/12/2011
500862270	MEERA GEMS BVBA	28	0	-
500940167	AKASH DIAMONDS BVBA	31	0	-
505181740	BERENFELD MICHEL	-	-	-
506205683	OLLECH MAX & ENGEL ABRAHAM FV	-	-	-
506342770	LEMBERGER HENRI & LEMBERGER A FV	-	-	-
506414036	WEINBERG YEHUDI	-	-	-
506434624	HOCHBERG CHAIM	-	-	-
506487181	FRIEDMAN MECHEL	-	-	-
506489854	SHIMER MOOLY	-	-	-
506499554	THALER JEHUDA	-	-	-
506503613	KARNY ELISHA	93	4500	-
506523706	SHEMESH JACOB	-	-	-
506530634	ABEND JOËL	-	-	-
506531129	AMANA NISSIM	-	-	-
506538156	KEDEM YEHESKEL	-	-	-
506542710	ZLAYET ROUBEN	-	-	-
506574580	RAGHOEBARSINGH DIEPNARAINSINGH	-	-	-
509703128	SHALLOP EMMANUEL	-	-	-
806757314	DREAMS OF AFRICA BVBA	68	58000	31/12/2011
806940129	MINDA BROTHERS BVBA	51	0	31/12/2011
809582883	BELGIUM DIAMONDS BVBA	-	-	31/12/2010
811078465	VEEKAY JEWELS BVBA	49	0	31/12/2011
812358964	VISHAL BVBA	45	0	31/12/2011
820556256	J.K STAR BVBA	49	0	31/12/2011
821133110	DIAMONDS TOP COLLECTION BVBA	-	-	-
821185964	VAN DER STEEN DIAMOND TECHNOLOGY BVBA	56	0	31/12/2011
823123390	KGK INTERNATIONAL BVBA	59	0	31/03/2012
825564129	NATRESCOM JEWELRY BVBA	-	-	-
827971511	THE SOURCE BVBA	41	0	31/12/2011
828266469	KARAKO DIAMONDS BVBA	-	-	31/12/2011
828631507	CARBON BVBA	62	23500	31/12/2011
830951290	DIAMANTAIRE BVBA	57	0	31/12/2011
832850116	A.D. DIAMOND BVBA	67	55000	31/12/2011
832929595	VHENY DIAMONDS BVBA	53	0	31/12/2011
833032040	ROCK'N STONES BVBA	48	0	31/12/2011
833904545	BRINK'S GLOBAL SERVICES ANTWERP BVBA	69	1000000	31/12/2011
834925718	BAZZY DIAMONDS BVBA	54	0	31/12/2011
837519180	GPN DIAMOND BVBA	28	0	-
841609810	A.K.GEMS BVBA	33	0	-
843197739	INVESTMENT DIAMOND COMPANY BVBA	24	0	-
845227316	BAOBAB TECHNOLOGIES BVBA	28	0	-
845840493	SUNVIEUW JEWELLERY COMPANY BVBA	25	0	-
845886025	TENSOR DIAMOND TECHNOLOGY BVBA	36	0	-
846686769	DGM ROUGH BVBA	22	0	-
848842842	CENTS & BEYOND BVBA	28	0	-
851240722	MEDEEIGENDOM ANTWERPS DIAMANTCENTRUM FV HOVENIERST	100	6000	-
860531144	DERS BVBA	55	0	31/12/2011
860766221	SIYA DIAMOND BVBA	37	0	31/12/2011
860809573	ALPS DIAM BVBA	74	645000	31/12/2011
862915067	LAXMI JEWEL (BELGIUM) BVBA	39	0	31/12/2011
867105863	YOUNG ANTWERP DIAMOND MANUFACTURERS VZW	71	1500	-
869693684	SHANI IMPEX BVBA	64	105000	31/12/2011
870716738	INTERJEWEL EUROPE NV	78	1450000	31/12/2011
870884212	MOOLY DIAMONDS IN VEREFFENING BVBA	-	-	31/12/2008
871664764	EURO INDUSTRIAL DIAMANT IN VEREFFENING BVBA	-	-	31/12/2007
871665259	A.S.D. BVBA	63	45500	31/12/2011
872383554	TRISTAR BVBA	68	45500	31/12/2011
872384247	RISING STAR BVBA	62	365000	31/12/2011
872384445	MAAHIR GEMS BVBA	47	0	31/12/2011
872420968	A-DX.NET BVBA	44	0	31/12/2011
872774920	GABY DIAMOND BVBA	23	0	31/12/2011
873166581	ANTWERP JEWELS & DIAMONDS MANUFACTURES BVBA	53	0	31/12/2011
873539438	LUKHI DIAM BVBA	71	565000	31/12/2011
873627431	DIAMWILL BVBA	57	0	31/12/2011
874133019	BRIGHT DIAM BVBA	60	140000	31/12/2011
874438469	ORDIAM BVBA	48	0	31/12/2011
874627521	J.R. DIAM BVBA	65	500000	31/12/2011
874701755	DUBROVSKI DIAMOND IN VEREFFENING BVBA	-	-	31/12/2007
875137265	FOLGER PAUL	83	3000	-
875319288	BSD BVBA	48	0	31/12/2011
875795182	ANTWERP ROUGH P/A 1STE BTW-CONTR GCV	-	-	-
876856937	CAPITAL DIAMONDS BVBA	67	50000	31/12/2011
877549201	H&G SWITZERLAND BVBA	56	0	31/12/2011
877760918	CHORON (BELGIUM) CVA	-	-	31/12/2010
879633810	BOOBIJOU BVBA	47	0	31/12/2011
880292618	SKD INTERNATIONAL BVBA	65	125000	30/06/2012
880539472	MRD DIAMONDS(IN VEREFFENING) BVBA	-	-	31/12/2011
880558080	NOVEL COLLECTION BVBA	60	0	31/12/2011
881088216	CLASSIC JEWELLERY BVBA	55	0	31/03/2012
881373474	MATRIX DIAMOND TECHNOLOGY BVBA	55	0	31/12/2011
882874796	AFRODIAM BVBA	23	0	31/12/2011
883548353	LILIB BVBA	55	0	31/12/2011
883668911	HANS DIAM BVBA	42	0	31/12/2011
885665230	KT CONSULTING IN VEREFFENING BVBA	-	-	31/12/2009
886078073	ENOLEASE BVBA	49	0	31/12/2011
886658291	TYDEX IN VEREFFENING BVBA	-	-	31/12/2010
887137155	SUNVIEW NV	71	100000	31/12/2011
888911760	DIAMONDS 4U BVBA	65	56000	31/12/2011
889750613	GEM QUEST BVBA	45	0	31/12/2011
891406640	RAJ GEMS BVBA	46	0	31/12/2011
892903014	H.D. DIAM BVBA	55	0	31/12/2011
895348701	RAY DIAM BVBA	62	21500	31/12/2011
896518243	LAXMI IMPEX BVBA	68	195000	31/12/2011
899048854	FIFTH GENERATION BVBA	48	0	31/12/2011

Protested bills

Drawee name	-
Address	-
Bill amount	-
Bill currency	-
Maturity of bill	-
Name of drawer	-
City of drawer	-

NSSO details

Business number	473409983
Name of defendant	-
Legal form of defendant	-
Date of summons	-
Labour court	-

Bankruptcy details

There is no bankruptcy data against this company

court data

there is no data for this company

Current director details

Name	NISHIT ASHOKKUMAR MEHTA
Position	Principal Manager
Start Date	31/08/2010
Street	7 QUINTEN MATSIJSLEI ANTWERPEN
Post code	2018
Country	Belgium

Former director details

---

DIAMOND INDUSTRY – INDIA

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

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

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

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

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

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

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

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

DIAMOND SAGA – DIRTY DOZEN STUCK WITH 2K CR DEBT

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

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.33
UK Pound	1	Rs.82.55
Euro	1	Rs.70.10

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.