MIRA INFORM REPORT

Report Date :

08.05.2014

IDENTIFICATION DETAILS

Name :	SHREE RAMKRISHNA EXPORTS PRIVATE LIMITED
Registered Office :	EE-6011, Bharat Diamond Bourse, G" Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400005, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	02.04.2012
Com. Reg. No.:	55-229115
Capital Investment / Paid-up Capital :	Rs.1480.000 Millions
CIN No.: [Company Identification No.]	U36912MH2012PTC229115
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer, Importer and Exporter of Diamonds.
No. of Employees :	3000 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (52)

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

Maximum Credit Limit :	USD 8800000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject was established as a proprietary concern in the year 1964 and during the year 1976 it got converted into a partnership concern. In April 2012, the concern got converted into a private limited. It has a satisfactory track record. Financial position of the company is good. Performance capability is also high. Trade relations are fair. Business is active. Payment terms are usually correct and as per commitment. The company can be considered for business dealing 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, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
India	A1	A1

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

INDIAN ECONOMIC OVERVIEW

US investment bank Goldman Sachs has upgraded its outlook on Indian markets as it expects positive impact of the election cycle.

India’s economy may grow 4.7 % in the current financial year, lower than the official estimate of 4.9 %, Fitch Rating said. The global rating agency expects the economy to pick up in the next two financial years.

Global ratings agency Standard & Poor said increasing focus by India Inc on lowering debt is likely to improve their credit profiles.

Singapore (1.1 million Indian tourists in 2012), Thailand (one million), the United Arab Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred holidays hotspots for Indians. The total figure is expected to increase to 1.93 million by 2017, according to the latest Eurmonitor international report.

There is a $29.34 bn outward foreign direct investment by domestic companies between April and January of 2013/14 which has seen some signs of recovery according to a Care Ratings report.

There are 264 number of new companies being set up every day on average during 2014. Most of them are registered in Mumbai. India had 1.38 million registered companies at the end of January, 2014.

Twitter like messaging service Weibo Corporation has filed to raise $ 500 million via a US initial public offering. Alibaba, which owns a stake in Weibo is expected to raise about $ 15 billion New York this year in the highest profile Internet IPO since Facebook’s in 2012.

Bharti Airtel has raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at a coupon rate of three per cent and maturing in 2020. This is the largest ever bond offering by an Indian company in Swiss Francs. Bharat Petroleum Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98 % coupon rate in February.

Indian Oil Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex at its almost complete Paradip refinery in Odhisha in three to four years. The company board is set to consider the setting up of a 700000 tonne per annum polypropylene plant at an estimated cost at Rs.3150 crore.

Global chief information officers at gathering in Bangalore in April to meet Indian startups at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in the making.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long Term Rating = BBB+
Rating Explanation	Moderate degree of safety. It carry moderate credit risk.
Date	03.09.2013

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION PARTED BY

Name :	Mr. Hitesh Italiya
Designation :	Accounts Executive
Contact No.:	91-22-40405555

LOCATIONS

Registered Office :	EE-6011, Bharat Diamond Bourse, "G" Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400005, Maharashtra, India
Tel. No.:	91-22-40405555
Fax No.:	91-22-40405500
E-Mail :	law@lemonconsulting.net hitesh.italiya@srkexport.in info@srkexport.in vishal.jodhani@srkexport.in isha.dada@astuteconsulting.com
Website :	http://www.srkexport.com
Location :	Owned
Diamond Factory :	'SRK Empire', 99, Vastadevdi Road, Katargam, Surat - 395004, Gujarat, India
Tel. No.:	91-261-4040555
Fax No.:	91-261-4040550
E-Mail :	surat@srkexport.in
Jewellary Factory :	Plot No. 151, Surat Special Economic Zone, Sachin, Surat – 394230, Gujarat, India

DIRECTORS

As on 15.03.2012

Name :

Mr. Govindbhai Laljibhai Dholakia

Designation :

Director

Address :

801-A, Tirupati Apartment, Amar Building, Bhulabhai Desai Road, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

07.11.1947

Date of Appointment :

02.04.2012

DIN No.:

00524146

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	U91110GJ2000NPL039065	GUJARAT HIRA BOURSE	Director	09/03/2004	09/03/2004	-	Active	NO
2	U36910MH2004PTC148343	RAMKRISHNA GOLDI PRIVATE LIMITED	Managing director	01/09/2004	01/09/2004	-	Active	NO
3	U36910MH2004PTC148338	SHREE RAMKRISHNA GEMS PRIVATE LIMITED	Managing director	01/09/2004	01/09/2004	-	Active	NO
4	U36912GJ2010PLC062808	SURAT ROUGH DIAMOND SOURCING (INDIA) LIMITED.	Director	03/11/2010	03/11/2010	26/09/2013	Active	NO
5	U36912MH2012PTC229115	SHREE RAMKRISHNA EXPORTS PRIVATE LIMITED	Director	02/04/2012	02/04/2012	-	Active	NO

Name :

Mr. Shreyansh Govindbhai Dholakia

Designation :

Director

Address :

801-A, Tirupati Apartment, Amar Building, Bhulabhai Desai Road, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

21.05.1987

Date of Appointment :

02.04.2012

DIN No.:

00523418

Name :

Mr. Jayantibhai Vashrambhai Narola

Designation :

Director

Address :

54, Kantareshwar Society, Katar Gam Road, Surat – 395004, Gujarat, India

Date of Birth/Age :

05.06.1964

Date of Appointment :

02.04.2012

DIN No.:

00587167

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	U36910MH2004PTC148343	RAMKRISHNA GOLDI PRIVATE LIMITED	Director	01/09/2004	01/09/2004	-	Active	NO
2	U36910MH2004PTC148338	SHREE RAMKRISHNA GEMS PRIVATE LIMITED	Director	01/09/2004	01/09/2004	-	Active	NO
3	U36912MH2012PTC229115	SHREE RAMKRISHNA EXPORTS PRIVATE LIMITED	Director	02/04/2012	02/04/2012	-	Active	NO

Name :

Mrs. Champaben Govindbhai Dholakia

Designation :

Director

Address :

801-A, Tirupati Apartment, Amar Building, Bhulabhai Desai Road, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

23.09.1954

Date of Appointment :

02.04.2012

DIN No.:

00524249

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	U36100GJ2008PTC053168	SHREE RAM DIAMEX PRIVATE LIMITED	Director	07/03/2008	07/03/2008	-	Active	NO
2	U36912MH2012PTC229115	SHREE RAMKRISHNA EXPORTS PRIVATE LIMITED	Director	02/04/2012	02/04/2012	-	Active	NO

Name :

Mr. Rahul Nagjibhai Dholakia

Designation :

Director

Address :

5, Gayatri Nagar Society, 5, Katargam Road, Surat – 395004, Gujarat, India

Date of Birth/Age :

12.12.1971

Date of Appointment :

02.04.2012

DIN No.:

00524017

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	U36910MH2004PTC148343	RAMKRISHNA GOLDI PRIVATE LIMITED	Director	01/09/2004	01/09/2004	-	Active	NO
2	U36910MH2004PTC148338	SHREE RAMKRISHNA GEMS PRIVATE LIMITED	Director	01/09/2004	01/09/2004	-	Active	NO
3	U36912MH2012PTC229115	SHREE RAMKRISHNA EXPORTS PRIVATE LIMITED	Director	02/04/2012	02/04/2012	-	Active	NO

Name :

Mr. Vashrambhai Bhurabhai Narola

Designation :

Director

Address :

54, Kantareshwar Society, Katar Gam Road, Surat – 395004, Gujarat, India

Date of Birth/Age :

21.03.1942

Date of Appointment :

02.04.2012

DIN No.:

00523329

Name :

Mr. Arjan Lalji Dholakiya

Designation :

Director

Address :

8/B, Vallabh Nagar Society ,Varachha Road, Surat – 395006, Gujarat, India

Date of Birth/Age :

01.06.1956

Date of Appointment :

02.04.2012

DIN No.:

00523491

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	U36100GJ2008PTC053168	SHREE RAM DIAMEX PRIVATE LIMITED	Director	01/04/2010	01/04/2010	-	Active	NO
2	U36912MH2012PTC229115	SHREE RAMKRISHNA EXPORTS PRIVATE LIMITED	Director	02/04/2012	02/04/2012	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Hitesh Italiya
Designation :	Accounts Executive

MAJOR SHAREHOLDERS

As on 20.03.2012

Names of Shareholders	No. of Shares
Champaben Govindbhai Dholakia	3000000
Govindbhai Laljibhai Dholakia	1000000
Arjanbhai Lalji Dholakiya	1000000
Jayantibhai Vashrambhai Narola	1500000
Rahulbhai Nagjibhai Dholakia	1500000
Vashrambhai Bhurabhai Narola	1000000
Shreyansh Govindbhai Dholakia	1000000
Total	10000000

As on 04.08.2012

Names of Allottees	No. of Shares
Govindbhai Laljibhai Dholakia	51895800
Arjanbhai Lalji Dholakiya	16679800
Champaben Govindbhai Dholakia	13966900
Vashrambhai Bhurabhai Narola	2129900
Jayantibhai Vashrambhai Narola	20761100
Rahulbhai Nagjibhai Dholakia	18120900
Shreyansh Govindbhai Dholakia	6445600
Total	130000000

As on 11.04.2012

Names of Allottees	No. of Shares
Govindbhai Laljibhai Dholakia	2400000
Arjanbhai Lalji Dholakiya	1200000
Champaben Govindbhai Dholakia	800000
Vashrambhai Bhurabhai Narola	800000
Jayantibhai Vashrambhai Narola	1200000
Rahulbhai Nagjibhai Dholakia	800000
Shreyansh Govindbhai Dholakia	800000
Total	8000000

BUSINESS DETAILS

Line of Business :	Manufacturer, Importer and Exporter of Diamonds.
Exports :
Products :	Finished Goods
Countries :	· Far East · USA · Australia
Imports :
Products :	Raw Material
Countries :	· Belgium · Israel
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Suppliers :

• Alrosa – Russia
• DTC - Africa

Customers :

• Brouris
• Harry Winston - USA

No. of Employees :

3000 (Approximately)

Bankers :

• Bank of India, Bharat Diamond Bourse Br.,D-2/D-4, Ground Floor, West Core, "G" Block, B.K.C, Bandra (East), Mumbai - 400051, Maharashtra, India

· HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India

· Standard Chartered Bank, Abhijeet II, Ground Floor, Near Mithkali Six Road, Ahmedabad – 380006, Gujarat, India

· State Bank of India, Diamond Branch, Bharat Diamond Bourse, Tower No. D-3, ground Floor, Bandra Kurla Complex, Mumbai – 400051, Maharashtra, India

Facilities :

SECURED LOANS	31.03.2013 Rs. In Millions
Short Term Borrowings
From Bank
Post-shipment credit finance	3274.589
Pre-shipment credit finance	2724.399
Rupee Loans
Pre-shipment credit finance	8.500
Total	6007.488

Working capital loans are secured against

Primary

First ranking pari passu charge over the entire current assets of the borrower, both present and future, including the stocks of raw materials, semi-finished and finished goods, stores and spares lot relating to plant and machinery (Consumables stores & spares), bills receivable and book debts, excluding such as sets as may be permitted by the said Banks from time to time.

Collateral

a. Immovable properties of the Company situated at Mumbai and Surat

b. immovable properties of the Directors of the company situated at Mumbai and Surat

c. Cash Collateral with State Bank of India and Bank of India d} Investment in SBI Mutual Fund

Guarantee

a. Personal Guarantee of all the Directors of the Company

b. Personal Guarantee of Mrs. Jinal Dholakia

c. Corporate Guarantee of Shree Ram Diamex Private Limited

Foreign currency loans carry interest rate ranging from Libor plus 2 % to 3 5% per annum and Rupee loans carry interest rate @ 11 75% per annum.

The aforesaid loans are repayable within the range of 30 days to 180 days

Banking Relations :	--
Auditors :
Name :	Suresh Surana and Associates Chartered Accountants
Address :	Mumbai, Maharashtra, India
Subsidiaries :	· Ramkrishna Gold Private limited · Shree Ramkrishna Gems Private limited
Enterprises In which Key management personnel or their relatives have significant influence :	· The Jewelry Company · Sahajanand Diamonds · Shree Ram Diamex Private limited · Goldi Green Technologies Private limited · Jewel Goldi (India) · Shree Ramkrishna Charitable Trust · Prabhuruday Jivdaya Trust · Dholakia Charitable Trust · Matushri Santokben Laljibhai Dholakia Chantable Trust · Shree Ramkrishna Welfare Trust · Swa. Fulima Nathubhai Naroia Charitabie Trust · Traffic Education Trust · Lokseva Trust SDA Diamond Hospital and Medical Research

CAPITAL STRUCTURE

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
20000000	Equity Shares	Rs.10/- each	Rs.200.000 Millions
130000000	6% Cumulative Redeemable Preference Shares	Rs.10/- each	Rs.1300.000 Millions
	Total		Rs.1500.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
18000000	Equity Shares	Rs.10/- each	Rs.180.000 Millions
130000000	6% Cumulative Redeemable Preference Shares	Rs.10/- each	Rs.1300.000 Millions
	Total		Rs.1480.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	1480.000
(b) Reserves & Surplus	1462.473
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	2942.473
(3) Non-Current Liabilities
(a) long-term borrowings	832.424
(b) Deferred tax liabilities (Net)	4.479
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	836.903
(4) Current Liabilities
(a) Short term borrowings	6007.488
(b) Trade payables	3123.211
(c) Other current liabilities	35.571
(d) Short-term provisions	0.000
Total Current Liabilities (4)	9166.270
TOTAL	12945.646
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1201.996
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	59.461
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	613.240
(e) Other Non-current assets	13.343
Total Non-Current Assets	1888.040
(2) Current assets
(a) Current investments	107.695
(b) Inventories	6761.151
(c) Trade receivables	3606.327
(d) Cash and cash equivalents	294.542
(e) Short-term loans and advances	283.638
(f) Other current assets	4.253
Total Current Assets	11057.606
TOTAL	12945.646

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013
	SALES
		Income	30665.394
		Other Income	112.370
		TOTAL (A)	30777.764
Less	EXPENSES
		Cost of material consumed	29564.796
		Purchases of traded goods	7.033
		Changes in inventories of finished goods and stock-in-trade	(2231.636)
		Employee benefit expenses	69.854
		Other Expenses	1690.576
		TOTAL (B)	29100.623
Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1677.142
Less	FINANCIAL EXPENSES (D)		345.528
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1331.614
Less/ Add	DEPRECIATION/ AMORTISATION (F)		136.222
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		1195.392
Less	TAX (H)		398.888
	PROFIT/(LOSS) AFTER TAX (G-H) (I)		796.504
	EARNINGS IN FOREIGN CURRENCY
		F.O.B. value of export	29637.984
	TOTAL EARNINGS		29637.984
	IMPORTS
		Raw Materials (Rough Diamond)	29190.676
		Stores & Spares	2.051
		Capital Goods	118.302
	TOTAL IMPORTS		29311.029
	Earnings Per Share (Rs.)		44.25

Particulars	31.03.2014
Sales Turnover (Approximately)	31000.000

Above information has been parted by. Mr. Hitesh Italiya, Accounts Executive.

KEY RATIOS

PARTICULARS		31.03.2013
PAT / Total Income	(%)	2.58
Net Profit Margin (PBT/Sales)	(%)	3.89
Return on Total Assets (PBT/Total Assets}	(%)	10.23
Return on Investment (ROI) (PBT/Networth)		0.41
Debt Equity Ratio (Total Debt /Networth)		2.32
Current Ratio (Current Asset/Current Liability)		1.21

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	Yes
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last two years	Yes
12]	Profitability for last one year	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	Yes
18]	Major customers	Yes
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
21]	Market information	----------
22]	Litigations that the firm / promoter involved in	----------
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	----------
26]	Buyer visit details	----------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	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	Yes

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 and 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.

UNSECURED LOANS:

Particulars	31.03.2013 Rs. In Millions
Long Term Borrowings
Loans and advances from related parties
Interest free unsecured loans from directors	832.424
Total	832.424

Note:

The loans from directors and/or their relatives are either fully subordinated to the creditors of the Company and non-repayable (except with the prior approval of the creditors to the extent of Rs.825.000 Millions) or the Company has the right to convert the outstanding loan into share capital The conversion is subject to compliance with applicable regulatory provisions by giving appropriate notice to the concerned directors, and/or their relatives, and fulfillment it specified conditions In view of the aforesaid commitment made by the directors, the Company confirms that the said loans can be treated as equivalent to capital.

CORPORATE INFORMATION

The Company is a Private Limited Company incorporated in India under the provisions of the Companies Act. 1956 on 2 April 2012 by conversion of Partnership firm (Shree Ramkrishna Export), having its registered office at EE-6011, Bharat Diamond Bourse. G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400005. The Company is engaged in the business of import, export and manufacturing of cut and polished diamonds.

INDEX OF CHARGE:

Sr .No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10439741	03/07/2013	550,000,000.00	Bank of India	Bharat Diamond Bourse Br. D-2/D-4, Ground Floor, West Core, G Block, Bandra Kurla Complex, Bandra (East), Mumbai, Maharashtra - 400051, India	B80733769
2	10367137	02/07/2012	100,000,000.00	Bank of India	Bharat Diamond Bourse Br. D-2/D-4, Ground Floor, West Core, G Block, Bandra Kurla Complex, Bandra (East), Mumbai, Maharashtra - 400051, India	B44364800
3	10363802	02/06/2012	780,000,000.00	Bank of India	Bharat Diamond Bourse Br. D-2/D-4, Ground Floor, West Core, G Block, Bandra Kurla Complex, Bandra (East), Mumbai, Maharashtra - 400051, India	B42933507
4	10353037	15/01/2013 *	8,650,000,000.00	Bank of India	Bharat Diamond Bourse Br. D-2/D-4, Ground Floor, West Core, G Block, Bandra Kurla Complex, Bandra (East), Mumbai, Maharashtra - 400051, India	B67398909

* Date of modification charge

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.60.20
UK Pound	1	Rs.101.68
Euro	1	Rs.83.55

INFORMATION DETAILS

Information Gathered by :	HNA
Analysis Done by :	DIV
Report Prepared by :	VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	7
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	7
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		52

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.