MIRA INFORM REPORT

Report No. :	352918
Report Date :	01.12.2015

IDENTIFICATION DETAILS

Name :	GRIB  DIAMONDS  NV
Registered Office :	Schupstraat  21, 2018 Antwerpen
Country :	Belgium
Financials (as on) :	31.12.2013
Date of Incorporation :	12.04.2015
Com. Reg. No.:	845338469
Legal Form :	Public  Limited  Company
LINE OF BUSINESS :	SUBJECT IS ENGAGED IN WHOLESALE  OF DIAMONDS AND OTHER PRECIOUS STONES
No. of Employee :	2

RATING & COMMENTS

MIRA’s Rating :

Ca

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Slow
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 – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
Belgium	A2	A2

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 shifts in foreign demand, particularly in Belgium’s EU trade partners. Roughly three-quarters of Belgium's trade is with other EU countries. In 2014 Belgian GDP grew by 0.9%, the unemployment rate stabilized at 8.5%, and the budget deficit was 3.2% of GDP. Prime Minister Charles MICHEL's center-right government has pledged to further reduce the deficit in response to EU pressure to reduce Belgium's high public debt, which remains above 100% of GDP, but such efforts could also dampen economic growth. In addition to restrained public spending, low wage growth and high unemployment promise to curtail a more robust recovery in private consumption. The government has pledged to pursue a reform program to improve Belgium’s competitiveness, including changes to tax policy, labor market rules, and welfare benefits. These changes risk worsening tensions with trade unions and triggering extended strikes.

Source : CIA

Company name

GRIB  DIAMONDS  NV 

Company  summary

Business  number	845338469
Branche  Unit  Number	2208926263
Company  name	GRIB  DIAMONDS  NV
Address	SCHUPSTRAAT  21
	2018 ANTWERPEN
Number  of  staff	2
Date  of  establishment	12/04/2012
Telephone  number	-
Fax  number	-

Ultimate  holding  company

Company  name	Company  Number
LUKOIL  EUROPE  HOLDINGS  B.V.  BUITENL.VEN	-

Commentary

The  business  was  established  over  3  years  ago. The  business  has  2  employees.

The  business  is  part  of  a  group.

This  business  has  a  foreign  parent  business. The  business  has  been  at  the  address  for  over  19  months. Net  Worth  is  a  negative  amount  during  the  latest  trading  period. Working  Capital  is  a  negative  amount  during  the  latest  trading  period.

Accounts

DATE  OF  LATEST  ACCOUNTS	TURNOVER	PROFIT  BEFORE  TAX	NET  WORTH	WORKING  CAPITAL
31/12/2013		-635,507	-561,719	-567,435
Accounts
DATE  OF  LATEST  ACCOUNTS	BALANCE  TOTAL	NUMBER  OF  EMPLOYEES	CAPITAL	CASHFLOW
31/12/2013	49,730	2	73,800	-633,742
Trends
Profitability		-
Liquidity		-
Net  worth		-
Payment  expectations
Past  payments			Payment  expectation  days	-
Industry  average  payment	192.73		Industry  average  day  sales	194.48
expectation  days		outstanding
Day  sales  outstanding	-

Court  data  summary

BANKRUPTCY  DETAILS

Court  action  type no

PROTESTED  BILLS

Bill  amount -

NSSO  DETAILS

Date  of  summons -

Company  information

Business  number	845338469	Company  name	GRIB  DIAMONDS  NV
Fax  number	-	Date  founded	12/04/2012
Company  status	active	Company  type	Public  limited  company
Currency	Euro  (€)	Date  of  latest  accounts	31/12/2013
Activity  code	46761	Liable  for  VAT	yes
Activity  description	Wholesale  of  diamonds  and other  precious  stones	VAT  Number	BE.0845.338.469  Check  VAT number
Belgian  Bullettin  of  Acts Publications	moniteur  belge

Contractor  details

Registered  contractor -

number

Contractor  description -

Date  struck  off  register

Personnel  (NSSO  classification)

Code	-
Description	-
Joint  Industrial  Committee  (JIC)
JIC  Code	218
Description	Additional  national  joint  committee  for  the  employees
category

Significant  Events

Event  Date	29/04/2013
Event  Description
Event  Details	De  heren  Robert  Gulla  en  Pavel  Zhdanov  een  jaarlijkse  bruto  vergoeding  zullen  ontvangen  voor  de
	uitoefening  van  hun  mandaten  als  bestuurders  van  de  Vennootschap,  en  dit  vanaf  1  januari  2013.
Event  Date	12/04/2012
Event  Description	Legal  creation
Event  Details

Company  accounts

Assets
Annual  accounts	31-12-2013
Weeks	90
Currency	EUR
Total  fixed  assets	5,716
Intangible  fixed  assets	0
Tangible  fixed  assets	5,716
Land  &  building	0
Plant  &  machinery	4,100
Furniture  &  Vehicles	1,616
Leasing  &  Other  Similar  Rights	0
Other  tangible  assets	0
Financial  fixed  assets	0
Total  current  assets	44,014
Inventories	0
Raw  materials  &  consumables	0
Work  in  progress	0
Finished  goods	0
Other  stocks	0
Trade  debtors	0
Other  amounts  receivable	16,924
Cash	23,956
Miscellaneous  current  assets	3,135
Total  Assets	49,730

Liabilities

Total  shareholders  equity	-561,719
Issued  share  capital	73,800
Share  premium  account	0
Revaluation  reserve	0
Reserves	-635,519
Provisions  for  Liabilities  &  Charges	0
Deffered  taxes	0
Creditors	611,450
Other  long  term  loans	0
Long  term  group  loans	-
Other  long  term  liabilities	0
Total  long  term  debts	0
Current  portion  of  long  term  debt	0
Financial  debts	0
Trade  creditors	212,821
Amounts  Payable  for  Taxes,  Remuneration  &  Social  Security	298,523
Miscellaneous  current  liabilities	100,106
Total  current  liabilities	611,450
Total  Liabilities	49,730

ratio  analysis
TRADING  PERFORMANCE
Profit  Before  Tax	-
Return  on  capital  employed	113.14
Return  on  total  assets  employed	-1,277.91
Return  on  net  assets  employed	113.14
Sales  /  net  working  capital	-
Stock  turnover  ratio	-
Creditor  days	-
Debtor  days	-
SHORT  TERM  STABILITY
Current  ratio	0.07
Liquidity  ratio  /  acid  ratio	0.07
Current  debt  ratio	-1.09
Liquidity  ratio  reprocessed	-
Cashflow	-633,742
Net  worth	-561,719
LONG  TERM  STABILITY
Gearing	-
Equity  in  percentage	-1,129.53
Total  debt  ratio	-1.09
Working  capital	-567,435

Profit  &  loss
Operating  Income	1,229
Turnover	-
Total  operating  expenses	-
Gross  Operating  Margin	-
Operating  Charges	636,567
Employee  costs	267,560
Wages  and  salary	187,863
Employee  pension  costs	-
Social  security  contributions	54,141
Other  employee  costs	25,556
Director  remuneration	-
Amortization  and  depreciation	1,778
Operating  result	-635,339
Total  financial  income	55
Total  financial  expenses	224
Results  on  ordinary  operations  before  taxation	-635,507
Extraordinary  Income	-
Extraordinary  Charges	-
Extraordinary  items	0
Results  for  the  Year  Before  Taxation	-635,507
Other  appropriations	-
Taxation	12
Results  on  ordinary  operations  after  taxation	-635,519
Net  result	-635,519
Profit  (Loss)  for  the  Year  to  be  appropiated	-635,519
Dividends	-

Social  Balance  Sheet  Details

Social  Balance  Sheet  Details

Social  Balance  Sheet		Total
During  the  reporting  year
ended  31-12-2013
Full-time  Employees		1
Part-time  Employees		-
Total  Fte  Employees		1
Number  of  hours  worked
Full-time  Employees		600
Part-time  Employees		-
Total		600
Personnel  Charges
Full-time  Employees		267,560
Part-time  Employees		-
Total		267,560
Benefits  In  Addition  To  Wages		-
During  the  previous  reporting  year
Average  number  employees  in  Fte		-
Actual  working  hours		-
Personnel  Charges		-
Benefits  In  Addition  To  Wages		-
Type  of  Contract	Full-Time	Part-Time	Total  Fte
Unlimited  Duration	2	-	2
Contracts
Limited  Duration  Contracts	-	-	-
Contracts  For  Specific  Work	-	-	-
Contracts  Regarding	-	-	-
Substitution
Gender  and  Education
Level
Men	Full-Time	Part-Time	Total  Fte
Primary  education	-	-	-
Secondairy  education	-	-	-
Higher  education  (non	-	-	-
university)
Higher  education	2	-	2
(university)
Women	Full-Time	Part-Time	Total  Fte
Primary  education	-	-	-
Secondairy  education	-	-	-
Higher  education  (non university)	-	-	-
Higher  education (university)	-	-	-
Working  Category	Full-Time	Part-Time	Total  Fte
Management	-	-	-
White  collar  worker	2	-	2
Blue  collar  worker	-	-	-
Other	-	-	-
Temporary  personnel		Total
Average  number  of  temporary  staff		-
Actual  working  hours		-
Cost  of  temporary  staff		-
New  staff  and  leavers	Full-Time	Part-Time	Total  Fte
New  Starters	2	-	2
Leavers	-	-	-

Total  of  formal  continuing  vocational  training  initiatives
for  workers  paid  by  the  employer	Male	Female
Number  of  employees	-	-
Number  of  training  hours	-	-
Net  costs  for  enterprise	-	-
Total  of  less  formal  and  informal  continuing  vocational
training  initiatives  for  workers  paid  by  the  employer	Male	Female
Number  of  employees	-	-
Number  of  training  hours	-	-
Net  costs  for  enterprise	-	-
Total  of  initial  training  initiatives  at  the  expense  of  the
employer	Male	Female
Number  of  employees	-	-
Number  of  training  hours	-	-
Net  costs  for  enterprise	-	-

Industry  comparison
Activity  code	46761
Activity  description	Wholesale  of  diamonds  and  other  precious  stones

Payment  Information

Payment  Information  Summary
Total  number  of  Invoices  available	18
Total  number  of  Invoices  paid  within  or  up  to  30  days  after  the  due  date	17
Total  number  of  Invoices  paid  more  than  30  days  after  the  due  date	0
Total  number  of  Invoices  currently  outstanding  where  the  due  date  has  not  yet  been  reached	1
Total  number  of  Invoices  currently  outstanding  beyond  the  due  date	0

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	192.73
Industry  average  day  sales outstanding	194.48

Industry  quartile  analysis Payment  expectations

Company  result	-
Lower	132.91
Median	60.64
Upper	28.62

Day  sales  outstanding
Company  result	-
Lower	131.59
Median	85.34
Upper	47.22

Shareholder  Details

Summary
Group  -  Number  of  Companies	2
Linkages  -  Number  of  Companies	0
Number  of  Countries	0

Group  Structure
Company  name	Number	Latest
		financials
- LUKOIL  EUROPE  HOLDINGS  B.V.  BUITENL.VEN
- - GRIB  DIAMONDS  NV	845338469	31-12-2013

MINORITY  SHAREHOLDERS

Business	Company  name	%	Date  of
number			accounts
-	LUKOIL  HOLDING  GMBH	0.83

Minority  Interests

No  minority  interests  found

Linked  Companies

Summary
Group  -  Number  of  Companies	2
Linkages  -  Number  of  Companies	0
Number  of  Countries	0

Summons

there  is  no  data  for  this  company

Protested  Bills

there  is  no  data  for  this  company

Bankruptcy  and  other  legal  events

there  is  no  data  for  this  company

Director  details

Current  director  details

Position	Director
Start  Date	23/05/2012
Street	11 SRETENSKY  BLV
Post  code	101000
Country	Russia
Name	PAVEL  ZHDANOV
Name	ROBERT  GULLA
Position	Director
Start  Date	12/04/2012
Date  of  birth	29/03/1973
Street	14 KEPLINGERG  BRUSSEL
Post  code	1130
Country	Belgium
Former  director  details
Name	ROBERT  GULLA
Position	Managing  Director
Start  Date	12/04/2012
End  Date	25/10/2013
Date  of  birth	29/03/1973
Street	14 KEPLINGERG  BRUSSEL
Post  code	1130
Country	Belgium
Name	Ann  Lavrysen
Position	Managing  Director
Start  Date	12/04/2012
End  Date	23/05/2012
Date  of  birth	27/07/1979
Street	106 KERKENBOS  MECHELEN
Post  code	2812
Country	The  Netherlands
Position	Director
Start  Date	12/04/2012
End  Date	23/05/2012
Date  of  birth	27/07/1979
Street	106 KERKENBOS  MECHELEN
Post  code	2812
Country	The  Netherlands

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.81
UK Pound	1	Rs.100.37
Euro	1	Rs.70.68
EUR	1	Rs. 70.50

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	KAR
Report Prepared by :	ASH

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.