MIRA INFORM REPORT

Report Date :

22.12.2014

IDENTIFICATION DETAILS

Name :	DIVINE DIAMONDS PTY LTD

Registered Office :	Suite No. 909, Level 9, 155 Castle Reagn Street Sydney New 2000

Country :	Australia

Date of Incorporation :	17.07.2001

Com. Reg. No.:	097519376

Legal Form :	Australian Proprietary Company

Line of Business :	Wholesaler of Diamonds and Jewellery.

No. of Employee :	Less than 5

RATING & COMMENTS

MIRA’s Rating :

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 30, 2014

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

Australia

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

AUSTRALIA ECONOMIC OVERVIEW

The Australian economy has experienced continuous growth and features low unemployment, contained inflation, very low public debt, and a strong and stable financial system. By 2012, Australia had experienced more than 20 years of continued economic growth, averaging 3.5% a year. Demand for resources and energy from Asia and especially China has grown rapidly, creating a channel for resources investments and growth in commodity exports. The high Australian dollar has hurt the manufacturing sector, while the services sector is the largest part of the Australian economy, accounting for about 70% of GDP and 75% of jobs. Australia was comparatively unaffected by the global financial crisis as the banking system has remained strong and inflation is under control. Australia has benefited from a dramatic surge in its terms of trade in recent years, stemming from rising global commodity prices. Australia is a significant exporter of natural resources, energy, and food. Australia's abundant and diverse natural resources attract high levels of foreign investment and include extensive reserves of coal, iron, copper, gold, natural gas, uranium, and renewable energy sources. A series of major investments, such as the US$40 billion Gorgon Liquid Natural Gas project, will significantly expand the resources sector. Australia is an open market with minimal restrictions on imports of goods and services. The process of opening up has increased productivity, stimulated growth, and made the economy more flexible and dynamic. Australia plays an active role in the World Trade Organization, APEC, the G20, and other trade forums. Australia has bilateral free trade agreements (FTAs) with Chile, Malaysia, New Zealand, Singapore, Thailand, and the US, has a regional FTA with ASEAN and New Zealand, is negotiating agreements with China, India, Indonesia, Japan, and the Republic of Korea, as well as with its Pacific neighbors and the Gulf Cooperation Council countries, and is also working on the Trans-Pacific Partnership Agreement with Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and Vietnam.

Source : CIA

IDENTIFICATION

Given
Subject name:	DIVINE DIAMONDS PTY LTD
Address:	Suite No. 909, Level 9, 155 Castle Reagn Street
Town:	Sydney
Zip/postal code:	New 2000
Country:	Australia

Verified
Subject name:	DIVINE DIAMONDS PTY LTD
Address:	14B Rosehill Street
Town:	Parramatta
State/province:	New South Wales
Zip/postal code:	NSW 2150
Country:	Australia
Mobile phone:	+61 411235219
Remarks:	The Subject's registered address is: C/- TAX WEALTH ACCOUNTANTS Suite 5B 9-13 Redmyre Road Strathfield, NSW 2135 Australia

EXECUTIVE SUMMARY

Date registered:	17-07-2001
Legal form:	Australian Proprietary Company
Share capital	AUD 100
Sales turnover:	AUD 4,000,000 (12 months, for the fiscal year 2012)
Main activities:	Wholesaler of diamonds and jewellery.
Employees:	Less than 5

REGISTRY DATA

Key Facts
Date registered:	17-07-2001
Legal form:	Australian Proprietary Company
Registration no:	ACN: 097519376
Registry auth.	Australian Securities and Investments Commission
Tax number:	ABN: 88097519376
Registry status:	Live/Active

LEGAL FILINGS

Bankruptcy filings:	None
Court judgements:	None
Tax liens:	None
Other:	None

MANAGEMENT & STAFF

Key Managers
Name:	Nikunjbhai Chandulal Mehta
Job title:	Director

Name:	Joykumar Upadhyay
Job title:	Director and Company Secretary

Staff
No of employees	Less than 5

BOARD OF DIRECTORS / OTHER APPOINTMENTS

Appointments
Name:	Nikunjbhai Chandulal Mehta
Board function:	Director
Date appointed:	17-07-2001
Address:	50 Manekbaug Society, Ambavadi Ahmedabad, Gujarat 380015 India
Biography:	Born: 27-11-1942 in Palanpur, India.

Name:	Joykumar Upadhyay
Board function:	Director and Company Secretary
Date appointed:	01-07-2006
Address:	14B Rosehill Street Parramatta, NSW 2150 Australia
Biography:	Born: 27-07-1966 in India.

SHARE CAPITAL

Composition
Authorised:	AUD 100
Number/type:	100 ordinary shares
Share value:	AUD 1
Issued:	100 ordinary shares
Paid-up:	AUD 100

Shareholders/Owners

How Listed	Full List

Composition
Name:	SUNRAJ INVESTMENTS PTY LTD
% of shares:	100%
Address:	14B Rosehill Street Parramatta, NSW 2150 Australia

CORPORATE AFFILIATIONS

Structure
Name:	SUNRAJ INVESTMENTS PTY LTD
Affiliation type:	Parent Company
Address:	14B Rosehill Street Parramatta, NSW 2150 Australia

FINANCIAL ACCOUNTS

Description
Required to file:	No
Source:	Industry Sources
Presentation:	Key figures provided below
Date of accounts:	For the fiscal year 2012
Currency:	Australian Dollar (AUD)
Exchange rate:	USD 1 = AUD 1.21 as of 12-12-2014

Summarised
	Fiscal year 2012
Period:	12 months

Sales turnover:	4,000,000

OPERATIONS & HISTORY

Activities
Full description:	The Subject is engaged in the wholesale of diamonds and jewelleRY.

PROPERTY & ASSETS

Premises

The Subject principally operates from premises located at the heading address, consisting of administrative offices.

PAYMENTS

Local:	Cash Credits 14-30 days
Imports:	L/Cs Credits 30 days net

Sales Terms
Local:	Cash Credits 14-30 days

Debt Collections / Judgements	No negative information was found.

Payment Experience
Payment behaviour:	As trade references were not supplied, the Subject's payment track record history CANNOT BE ACCURATELY DETERMINED, but payments are believed to be PROMPT.

INVESTIGATIVE NOTES

Sources:

Interviews and material provided by the Subject

Other official and local business sources

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.07
UK Pound	1	Rs.98.73
Euro	1	Rs.77.46

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	ANK

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.