MIRA INFORM REPORT

Report Date :

12.11.2013

IDENTIFICATION DETAILS

Name :	P C CHANDRA JUELS INTERNATIONAL PRIVATE LIMITED

Registered Office :	P-24, C. I. T. Road, Kolkata – 700014, West Bengal

Country :	India

Financials (as on) :	31.03.2012

Date of Incorporation :	10.02.2005

Com. Reg. No.:	21-101624

Capital Investment / Paid-up Capital :	Rs.25.005 Millions

CIN No.: [Company Identification No.]	U36911WB2005PTC101624

TAN No.: [Tax Deduction & Collection Account No.]	CALP06518B

PAN No.: [Permanent Account No.]	AADCP7542A

Legal Form :	Private Limited Liability Company

Line of Business :	The company is engaged in the business of Jewellery and Ornamental Articles.

No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

Ba (48)

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

Maximum Credit Limit :	USD 1000000

Status :	Satisfactory

Payment Behaviour :	Usually correct

Litigation :	Clear

Comments :	Subject is an established company having satisfactory track record. Profit and sales turnover of the company appears to be decent. Trade relations are fair. Business is active. Payment terms are usually correct. The company can be considered for business dealings at usual trade terms and conditions.

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

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

INDIAN ECONOMIC OVERVIEW

The current downturn provides an opportunity to push ahead with reforms to accelerate growth, says the latest India Development Update report released by the World Bank. The report says that the adverse effects of rupee depreciation are likely to be offset by the gains in the exports performance due to improved external competitiveness. Since May this year, the local currency has depreciated substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.

A stagflation like situation appears to have arisen as inflation jumped to an eight month high of 6.46 % for the month of September. It is up from 6.10 % in August. Growth continues to be muted with factory output plunging to 0.6 % in August. Onion prices have risen nearly 300 % from last September. Vegetables cost nearly 90 % more than they did last year. Wake up to the economic contribution of slum dwellers. They contribute more than 7.5 % to the country’s gross domestic product, according to a recent study conducted in 50 top cities.

136000 estimated number of jobs created during the second quarter of the current financial year. 50000 estimated number of additional jobs in the field of corporate social responsibility in the coming years.

The International Finance Corporation expects to come out with its rupee linked bonds issue before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been launched in India from 1^st November.

The Land Acquisition Act to provide just and fair compensation to farmers will come into force from January 1 next year, said Rural Development Minister Jairam Ramesh. The Act replaces a 119 year old registration. The Securities and Exchange Board of India has approved the trading of currency futures on the Bombay Stock Exchange. The exchange plans to launch the currency futures platform with advanced trading technology by the end of November.

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 DENIED

Management Non Cooperative. (91-33-22231279)

LOCATIONS

Registered Office :	P-24, C. I. T. Road, Kolkata – 700014, West Bengal, India
Tel. No.:	91-33-22237974
Fax No.:	91-33-22232911
E-Mail :	amitavachandra@pcchandraindia.con

DIRECTORS

As on: 27.09.2013

Name :

Mr. Arun Kumar Chandra

Designation :

Director

Address :

P-24, C. I. T. Road, Kolkata – 700014, West Bengal, India

Date of Birth/Age :

23.09.1931

Date of Appointment :

10.02.2005

DIN No.:

00710778

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	U51392WB1965PTC026344	CHANDRAS' CHEMICALS ENTERPRISES PRIVATE LTD	Director	31/01/1965	31/01/1965	-	Active	NO
2	U36911WB1982PTC034463	P.C.CHANDRA & SONS (INDIA) PRIVATE LIMITED	Director	20/01/1982	20/01/1982	-	Active	NO
3	U45201WB1982PTC035345	KOLKATA EQUITY HOLDINGS PRIVATE LIMITED	Director	16/10/1982	16/10/1982	-	Active	NO
4	U14107WB1973PTC028724	EMCO GENERAL PLASTIC INDUSTRIES PVT LTD	Director	08/04/1984	08/04/1984	-	Active	NO
5	U36911WB1988PTC045836	P C CHANDRA EXPORTS PVT LTD	Director	27/12/1988	27/12/1988	06/02/2012	Active	NO
6	U70101WB1994PLC066358	CHANDRAS GREEN PROJECT LTD.	Director	06/12/1994	06/12/1994	-	Active	NO
7	U70100WB1995PTC076237	STEVIA REALTORS PRIVATE LIMITED	Director	29/12/1995	29/12/1995	-	Active	NO
8	U70109WB1996PTC078253	CHANDRAS' REALTOR PVT LTD	Director	20/03/1996	20/03/1996	-	Active	NO
9	U65993WB1996PTC082164	P C CHANDRA HOLDINGS PRIVATE LIMITED	Managing director	01/04/2013	03/12/1996	-	Active	NO
10	U70101WB1998PTC088564	P.C. CHANDRA ESTATES PRIVATE LIMITED	Director	31/12/1998	31/12/1998	-	Active	NO
11	U72200WB1999PTC090526	CCE SOFTWARE PRIVATE LIMITED	Director	29/10/1999	29/10/1999	-	Active	NO
12	U30007WB2000PTC092185	CIME-CCE SOFTWARE PRIVATE LIMITED	Director	16/01/2001	16/01/2001	-	Active	NO
13	U55201WB2001PTC092795	P C CHANDRA (GEMS) PRIVATE LIMITED	Director	30/01/2001	30/01/2001	06/02/2012	Active	NO
14	U36911WB2002PTC095555	P.C. CHANDRA JEWELLERY APEX PRIVATE LIMITED	Director	24/12/2002	24/12/2002	-	Active	NO
15	U36911WB2005PTC101624	P C CHANDRA JUELS INTERNATIONAL PRIVATE LIMITED	Director	10/02/2005	10/02/2005	-	Active	NO
16	U36911WB1990PTC048324	P C CHANDRA & COMPANY PVT. LTD.	Director	16/04/2007	16/04/2007	-	Active	NO
17	U24119WB1976PTC030571	DI JEWELS PRIVATE LIMITED	Director	01/03/2008	01/03/2008	-	Active	NO

Name :

Mr. Uday Kumar Chandra

Designation :

Director

Address :

P-24, C. I. T. Road, Kolkata – 700014, West Bengal, India

Date of Birth/Age :

10.11.1964

Date of Appointment :

30.11.2006

DIN No.:

00715829

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	U36911WB1982PTC034463	P.C.CHANDRA & SONS (INDIA) PRIVATE LIMITED	Director	15/04/1983	15/04/1983	-	Active	NO
2	U36911WB1986PTC040090	P C CHANDRA (JEWELLERS) PRIVATE LIMITED	Director	02/05/1987	02/05/1987	-	Active	NO
3	U65922WB1987PTC042798	P C CHANDRAS FINANCIAL SERVICES PVT LTD	Director	04/08/1987	04/08/1987	-	Active	NO
4	U28112WB1990PTC048836	GOLDLITES INDIA PRIVATE LIMITED	Director	16/04/1990	16/04/1990	-	Active	NO
5	U70100WB1995PTC076237	STEVIA REALTORS PRIVATE LIMITED	Director	29/12/1995	29/12/1995	-	Active	NO
6	U36911WB1988PTC045836	P C CHANDRA EXPORTS PVT LTD	Director	15/09/1999	15/09/1999	-	Active	NO
7	U72200WB1999PTC090526	CCE SOFTWARE PRIVATE LIMITED	Director	29/10/1999	29/10/1999	06/02/2012	Active	NO
8	U55201WB2001PTC092795	P C CHANDRA (GEMS) PRIVATE LIMITED	Director	30/01/2001	30/01/2001	06/02/2012	Active	NO
9	U70101WB1994PLC066358	CHANDRAS GREEN PROJECT LTD.	Director	23/10/2002	23/10/2002	15/02/2012	Active	NO
10	U36911WB2002PTC095555	P.C. CHANDRA JEWELLERY APEX PRIVATE LIMITED	Director	24/12/2002	24/12/2002	-	Active	NO
11	U36911WB2005PTC104061	P.C. CHANDRA GLOBAL JEWELRY PRIVATE LIMITED	Director	07/07/2005	07/07/2005	-	Active	NO
12	U36911WB2005PTC101624	P C CHANDRA JUELS INTERNATIONAL PRIVATE LIMITED	Director	30/11/2006	30/11/2006	-	Active	NO
13	U70101WB1998PTC088564	P.C. CHANDRA ESTATES PRIVATE LIMITED	Director	30/11/2006	30/11/2006	-	Active	NO
14	U70109WB2011PTC163508	SAPPHIRE REALTY PROJECTS PRIVATE LIMITED	Director	08/06/2011	08/06/2011	-	Active	NO
15	U65993WB1996PTC082164	P C CHANDRA HOLDINGS PRIVATE LIMITED	Director	15/02/2012	15/02/2012	-	Active	NO
16	U70109WB1996PTC078253	CHANDRAS' REALTOR PVT LTD	Director	28/09/2012	15/02/2012	-	Active	NO
17	U45400WB2009PTC132011	C D Properties & Estates Private Limited	Director	28/09/2012	15/02/2012	-	Active	NO

Name :

Mr. Prosanto Chandra

Designation :

Director

Address :

P-24, C. I. T. Road, Kolkata – 700014, West Bengal, India

Date of Birth/Age :

27.06.1964

Date of Appointment :

30.11.2006

DIN No.:

00715495

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	U14107WB1973PTC028724	EMCO GENERAL PLASTIC INDUSTRIES PVT LTD	Director	08/05/1989	08/05/1989	-	Active	NO
2	U36911WB1990PTC048324	P C CHANDRA & COMPANY PVT. LTD.	Director	06/02/1990	06/02/1990	-	Active	NO
3	U36911WB1982PTC034463	P.C.CHANDRA & SONS (INDIA) PRIVATE LIMITED	Director	02/04/1991	02/04/1991	-	Active	NO
4	U36911WB1986PTC040090	P C CHANDRA (JEWELLERS) PRIVATE LIMITED	Director	22/11/1995	22/11/1995	06/02/2012	Active	NO
5	U70100WB1995PTC076237	STEVIA REALTORS PRIVATE LIMITED	Director	29/12/1995	29/12/1995	15/02/2012	Active	NO
6	U36911WB1988PTC045836	P C CHANDRA EXPORTS PVT LTD	Director	01/09/1999	01/09/1999	06/02/2012	Active	NO
7	U72200WB1999PTC090526	CCE SOFTWARE PRIVATE LIMITED	Director	29/10/1999	29/10/1999	06/02/2012	Active	NO
8	U55201WB2001PTC092795	P C CHANDRA (GEMS) PRIVATE LIMITED	Director	30/01/2001	30/01/2001	-	Active	NO
9	U65922WB1987PTC042798	P C CHANDRAS FINANCIAL SERVICES PVT LTD	Director	30/08/2001	30/08/2001	-	Active	NO
10	U36911WB2002PTC095555	P.C. CHANDRA JEWELLERY APEX PRIVATE LIMITED	Director	24/12/2002	24/12/2002	-	Active	NO
11	U36911WB2005PTC104061	P.C. CHANDRA GLOBAL JEWELRY PRIVATE LIMITED	Director	07/07/2005	07/07/2005	-	Active	NO
12	U36911WB2005PTC101624	P C CHANDRA JUELS INTERNATIONAL PRIVATE LIMITED	Director	30/11/2006	30/11/2006	-	Active	NO
13	U70101WB1998PTC088564	P.C. CHANDRA ESTATES PRIVATE LIMITED	Director	30/11/2006	30/11/2006	-	Active	NO
14	U24119WB1976PTC030571	DI JEWELS PRIVATE LIMITED	Director	01/03/2008	01/03/2008	-	Active	NO
15	U28112WB1990PTC048836	GOLDLITES INDIA PRIVATE LIMITED	Director	28/06/2010	28/06/2010	-	Active	NO
16	U65993WB1996PTC082164	P C CHANDRA HOLDINGS PRIVATE LIMITED	Director	15/02/2012	15/02/2012	-	Active	NO
17	U70109WB1996PTC078253	CHANDRAS' REALTOR PVT LTD	Director	28/09/2012	15/02/2012	-	Active	NO

Name :

Mr. Amitava Chandra

Designation :

Director

Address :

P-24, C. I. T. Road, Kolkata – 700014, West Bengal, India

Date of Birth/Age :

12.01.1971

Date of Appointment :

30.11.2006

DIN No.:

00715703

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	U24119WB1976PTC030571	DI JEWELS PRIVATE LIMITED	Director	01/12/1994	01/12/1994	-	Active	NO
2	U36911WB1988PTC045836	P C CHANDRA EXPORTS PVT LTD	Director	05/08/1996	05/08/1996	06/02/2012	Active	NO
3	U51392WB1965PTC026344	CHANDRAS' CHEMICALS ENTERPRISES PRIVATE LTD	Director	01/04/1997	01/04/1997	-	Active	NO
4	U72200WB1999PTC090526	CCE SOFTWARE PRIVATE LIMITED	Director	29/10/1999	29/10/1999	-	Active	NO
5	U30007WB2000PTC092185	CIME-CCE SOFTWARE PRIVATE LIMITED	Director	16/01/2001	16/01/2001	-	Active	NO
6	U36911WB2002PTC095555	P.C. CHANDRA JEWELLERY APEX PRIVATE LIMITED	Director	24/12/2002	24/12/2002	-	Active	NO
7	U36911WB1982PTC034463	P.C.CHANDRA & SONS (INDIA) PRIVATE LIMITED	Director	01/05/2003	01/05/2003	01/03/2012	Active	NO
8	U55201WB2001PTC092795	P C CHANDRA (GEMS) PRIVATE LIMITED	Director	01/01/2005	01/01/2005	-	Active	NO
9	U36911WB2005PTC104061	P.C. CHANDRA GLOBAL JEWELRY PRIVATE LIMITED	Director	07/07/2005	07/07/2005	01/03/2012	Active	NO
10	U36911WB1986PTC040090	P C CHANDRA (JEWELLERS) PRIVATE LIMITED	Director	01/11/2005	01/11/2005	-	Active	NO
11	U36911WB2005PTC101624	P C CHANDRA JUELS INTERNATIONAL PRIVATE LIMITED	Director	30/11/2006	30/11/2006	-	Active	NO
12	U70101WB1998PTC088564	P.C. CHANDRA ESTATES PRIVATE LIMITED	Director	30/11/2006	30/11/2006	06/02/2012	Active	NO
13	U28112WB1990PTC048836	GOLDLITES INDIA PRIVATE LIMITED	Director	28/06/2010	28/06/2010	06/02/2012	Active	NO
14	U65993WB1996PTC082164	P C CHANDRA HOLDINGS PRIVATE LIMITED	Director	15/02/2012	15/02/2012	-	Active	NO
15	U45201WB1982PTC035345	KOLKATA EQUITY HOLDINGS PRIVATE LIMITED	Director	28/09/2012	20/02/2012	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 27.09.2013

Names of Shareholders		No. of Shares
Chandra Jaharlal		5699
Chandra Jagadananda		5709
Chandra KR Bijoy		5709
Chandra KR Binoy		5705
Chandra KR Arun		5699
Chandra KR Uday		5719
Chandra Suvro		5719
Chandra Prasanto		5719
Chandra Bikram		5719
Chandra Amitava		5719
Chandra Prosenjit		2860
Chandra Holdi		114990
Chandra Udipto		3
Arun KR Chandra Family Trust		10
Bikram Chandra Family Trust		10
Cime CCE Software Private Limited, India		10
Jai Narayan Family Trust, India		10
Chandra’s Chemical Enterprises Private Limited, India		10
Ruby Welfare Trust, India		10
Nalini Bala Chandra Trust, India		10
P C Chandra Jewellery Apex Private Limited, India		75010
Total		250049

Equity Share Break up (Percentage of Total Equity)

As on: 27.09.2013

Category	Percentage
Bodies corporate	75.00
Directors or relatives of Directors	24.00
Others	1.00
Total	100.00

BUSINESS DETAILS

Line of Business :

The company is engaged in the business of Jewellery and Ornamental Articles.

GENERAL INFORMATION

No. of Employees :

Information declined by the management.

Bankers :

Allahabad Bank, Chowringhee Road Branch, 55, Chowringhee Road, Kolkata - 700071, West Bengal, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2012	As on 31.03.2011
SHORT TERM BORROWINGS
Working capital loans from banks	101.776	69.922
Total	101.776	69.922


Banking Relations :	--

Auditors :
Name :	S. Dutt and Company Chartered Accountants
Address :	P-26B, C. I. T. Road, 2nd Floor, Kolkata – 700014, West Bengal, India
PAN No.:	AAXFS4826M

Associates :	· P C Chandra Holdings Private Limited CIN No.: U65993WB1996PTC082164 · P.C.Chandra & Sons (India) Private Limited CIN No.: U36911WB1982PTC034463 · P C Chandra (Jewellers) Private Limited CIN No.: U36911WB1986PTC040090 · P.C. Chandra Estates Private Limited CIN No.: U70101WB1998PTC088564 · P C Chandra (Gems) Private Limited CIN No.: U55201WB2001PTC092795 · P.C. Chandra Jewellery Apex Private Limited CIN No.: U36911WB2002PTC095555 · DI Jewels Private Limited CIN No.: U24119WB1976PTC030571 · Chandras Chemicals Enterprises Private Limited CIN No.: U51392WB1965PTC026344 · Cime-CCE Software Private Limited CIN No.: U30007WB2000PTC092185

CAPITAL STRUCTURE

As on: 27.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount

500000	Equity Shares	Rs.100/- each	Rs.50.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

250049	Equity Shares	Rs.100/- each	Rs.25.005 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	25.005	25.005
(b) Reserves & Surplus	243.171	156.632
(c) Money received against share warrants	0.000	0.000

(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	268.176	181.637

(3) Non-Current Liabilities
(a) long-term borrowings	35.819	36.227
(b) Deferred tax liabilities (Net)	0.154	0.148
(c) Other long term liabilities	31.779	19.521
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	67.752	55.896

(4) Current Liabilities
(a) Short term borrowings	101.776	69.922
(b) Trade payables	68.392	58.659
(c) Other current liabilities	33.031	24.975
(d) Short-term provisions	7.265	7.265
Total Current Liabilities (4)	210.464	160.821

TOTAL	546.392	398.354

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	10.448	8.822
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	15.001	15.001
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	15.301	12.900
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	40.750	36.723

(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	497.338	354.898
(c) Trade receivables	0.016	0.283
(d) Cash and cash equivalents	8.192	6.241
(e) Short-term loans and advances	0.096	0.209
(f) Other current assets	0.000	0.000
Total Current Assets	505.642	361.631

TOTAL	546.392	398.354

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		10.000
2] Share Application Money		0.000
3] Reserves & Surplus		93.692
4] (Accumulated Losses)		0.000
NETWORTH		103.692
LOAN FUNDS
1] Secured Loans		48.159
2] Unsecured Loans		35.600
TOTAL BORROWING		83.759
DEFERRED TAX LIABILITIES		0.126

TOTAL		187.577

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		6.372
Capital work-in-progress		0.000

INVESTMENT		0.000
DEFERREX TAX ASSETS		0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	261.337
	Sundry Debtors	0.322
	Cash & Bank Balances	5.846
	Other Current Assets	0.000
	Loans & Advances	29.937
Total Current Assets		297.442
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000
	Other Current Liabilities	84.848
	Provisions	31.415
Total Current Liabilities		116.263
Net Current Assets		181.179

MISCELLANEOUS EXPENSES		0.026

TOTAL		187.577

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	1.316	1.117	0.851
		Other Income
		TOTAL	1.316	1.117	0.851

Less	EXPENSES
		Office Expenses	1.178	1.011	0.768
		Administrative Expenses
		Advertising Expenses
		TOTAL	1.178	1.011	0.768

	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		0.138	0.106	0.083

Less/ Add	DEPRECIATION/ AMORTISATION		0.001	0.001	0.001

	PROFIT BEFORE TAX		0.137	0.105	0.082

Less	TAX		0.043	0.035	0.028

	PROFIT AFTER TAX		0.094	0.070	0.054
	250049
	Earnings Per Share (Rs.)		0.37	0.28	0.22

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	7.14	6.27	6.35

Return on Total Assets (PBT/Total Assets}	(%)	0.03	0.03	0.03

Return on Investment (ROI) (PBT/Networth)		0.00	0.00	0.00

Debt Equity Ratio (Total Debt /Networth)		0.51	0.58	0.81

Current Ratio (Current Asset/Current Liability)		2.40	2.25	2.56

LOCAL AGENCY FURTHER INFORMATION

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

UNSECURED LOAN

(Rs. In Millions)

Particulars	As on 31.03.2012	As on 31.03.2011
LONG TERM BORROWINGS
Loans and advances from related parties	18.211	33.931
Long-term maturities of finance lease	0.219	0.627
Other loans and advances	17.389	1.669
Total	35.819	36.227

INDEX OF CHARGES

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10087429	20/09/2013 *	70,000,000.00	ALLAHABAD BANK	CHOWRINGHEE ROAD BRANCH, 55,CHOWRINGHEE ROAD, KOLKATA, West Bengal - 700071, INDIA	B86336773

* Date of charge modification

FIXED ASSETS:

· Buildings

· Plant and equipment

· Furniture and fixtures

· Vehicles

· Office equipment

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.

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 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.63.30
UK Pound	1	Rs.101.36
Euro	1	Rs.84.60

INFORMATION DETAILS

Information Gathered by :	NYA

Report Prepared by :	RAJ

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	6
--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	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		48

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.

MIRA INFORM REPORT

7.14

0.03

0.00

0.51

2.40

Unit