MIRA INFORM REPORT

Report No. :	354583
Report Date :	11.12.2015

IDENTIFICATION DETAILS

Name :	KGK DIAMONDS (I) PRIVATE LIMITED
Registered Office :	DE-4011-4016, Tower D, 4th Floor, Bharat Diamond Bourse, Bandra Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra
Tel. No.:	91-22-40799999/40077777
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	01.10.2009
Com. Reg. No.:	11-196167
Capital Investment / Paid-up Capital :	Rs. 292.620 Million
CIN No.: [Company Identification No.]	U74999MH2009PTC196167
IEC No.:	0388087684
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AADCK7579A
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer, Exporter and Trader of Diamond and Diamond Jewellery. (Confirmed by management)
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (49)

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

Maximum Credit Limit :	USD 8448000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Exist
Comments :	Subject is an established company incorporated in the year 2009. It is engaged in cutting and polishing of diamonds, and manufactures diamond-studded jewellery and has satisfactory track. As per Registrar of Companies the date of balance sheet (i.e. financial filed) is shown as 31.03.2015 but the documents related to same for the financial year ending 2015 are not available from any other source. Rating takes into considerations strong financial risk profile of the company marked by adequate networth base and comfortable gearing in FY14. Further the company has reported significant increase in sales turnover and profit along with fair profit margin in the year under consideration. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. The company can be considered for business dealings with 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, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
India	A1	A1

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

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long term rating : BBB
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	29.09.2015

Rating Agency Name	CRISIL
Rating	Short term rating : A3+
Rating Explanation	Moderate degree of safety and higher credit risk.
Date	29.09.2015

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 31-03-2015.

INFORMATION DENIED

Management non-cooperative (91-22-40077777)

LOCATIONS

Registered Office :	DE-4011-4016, Tower D, 4th Floor, Bharat Diamond Bourse, Bandra Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra, India
Tel. No.:	91-22-40799999/40077777
Fax No.:	91-22-40799800/40077700
E-Mail :	roc.mumbai@kgkmail.com kgkbom1@bom4.vsnl.net.in
Website :	www.kgkgroup.com
Accounts and Admin Office :	KGK Tower, 5^th floor, Near Ekta Bhoomi Garden, Datta Pada Road, Rajendra Nagar, Borivali (East), Mumbai-400066, Maharashtra, India
E-Mail :	accounts.india@kgkmail.com

DIRECTORS

As on 31.03.2015

Name :

Mr. Navrattan Kothari

Designation :

Director

Address :

401, Khatau Condominium, 15-A, J. Mehta Marg, Mumbai-400006, Maharashtra, India

Date of Birth/Age :

27.06.1942

Date of Appointment :

01.10.2009

DIN No.:

00137063

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	U51900MH1984PTC032788	KGK DIAJEWELS PRIVATE LIMITED	Director	13/08/1985	13/08/1985	08/07/2014	Active	NO
2	U67120MH1985PTC037351	KAYGEE HOLDINGS PVT LTD	Director	03/09/1985	03/09/1985	25/07/2015	Active	NO
3	U70100MH1988PTC046524	PRECIOUS PROPERTIES PRIVATE LIMITED	Director	13/02/1989	13/02/1989	15/11/2013	Active	NO
4	U36912MH1989PTC054783	KOTHARI DIAMOND INDUSTRIES PRIVATE LIMITED	Director	28/12/1989	28/12/1989	10/10/2014	Active	NO
5	U36910MH1990PTC054834	NAVRATNA GEMS PRIVATE LIMITED	Director	02/01/1990	02/01/1990	17/03/2015	Active	NO
6	U67120MH1983PTC031248	POPULAR INVESTMENTS PRIVATE LIMITED	Director	15/05/1991	15/05/1991	15/12/2014	Active	NO
7	U36911MH1990PTC059592	KIROS CREATIONS PRIVATE LIMITED	Director	12/08/1993	12/08/1993	15/01/2015	Active	NO
8	U29269MH1960PLC011589	PAPER MILL PLANT & MACHINERY MANUFACTURERS LIMITED	Director	15/10/1993	15/10/1993	-	Active	NO
9	U51900MH1991PTC060185	TRISHUL COMMERCIALS PRIVATE LIMITED	Director	21/03/1994	21/03/1994	17/03/2015	Active	NO
10	U99999MH1964PTC012833	KALPATARU GARDENS PRIVATE LIMITED	Director	05/07/1994	05/07/1994	01/11/2012	Active	NO
11	U67120MH1994PTC082200	KGK TRADELINKS PRIVATE LIMITED	Director	20/10/1994	20/10/1994	01/02/2012	Active	NO
12	L45400TN1994PLC028895	GOTHI PLASCON (INDIA) LIMITED	Director	09/12/1994	09/12/1994	03/05/2007	Active	NO
13	U65910MH1995PTC085359	MARUDHAR LEASE FINANCING PRIVATE LIMITED	Director	08/02/1995	08/02/1995	17/03/2015	Active	NO
14	U36910MH1990PTC055961	KGK CREATIONS (MFG) PRIVATE LIMITED	Director	17/05/1995	17/05/1995	20/03/2015	Active	NO
15	U55101RJ1997PTC013071	PANCHRATNA MOTELS AND RESORTS PRIVATE LIMITED	Director	02/01/1997	02/01/1997	-	Active	NO
16	U36911RJ1997PLC013181	JAIPUR GEM BOURSE LTD.,	Director	24/01/1997	24/01/1997	-	Active	NO
17	U01119RJ1995PTC009381	PRERNA AGRICULTURAL FARMS PRIVATE LIMITED	Director	09/05/1998	09/05/1998	-	Active	NO
18	U01117RJ1996PTC013020	PINKCITY GARDENS PRIVATE LIMITED	Director	09/05/1998	09/05/1998	-	Active	NO
19	U45201RJ1996PTC012976	TANMAYA GARDENS PRIVATE LIMITED	Director	09/05/1998	09/05/1998	-	Active	NO
20	U55101RJ1998PTC014617	RATNALAYA HOTELS AND DEVELOPERS PRIVATE LIMITED	Director	21/05/2001	21/05/2001	-	Active	NO
21	U45201RJ2001PTC017127	SUBAKO DEVELOPERS PRIVATE LIMITED	Director	07/08/2001	07/08/2001	-	Active	NO
22	U45201RJ2001PTC017320	KGK INFRASTRUCTURE PRIVATE LIMITED	Director	12/12/2001	12/12/2001	18/03/2015	Active	NO
23	U74900RJ1997PTC014154	KGK INNOVATIVE PRIVATE LIMITED	Director	30/04/2003	30/04/2003	10/07/2014	Active	NO
24	U18101MH1993PTC072859	KGK CREATIONS PROCESSING PRIVATE LIMITED	Director	12/07/2003	12/07/2003	15/01/2015	Active	NO
25	U67120MH1995PTC084439	KGK DIA PROCESSING PRIVATE LIMITED	Director	18/02/2004	18/02/2004	02/07/2014	Active	NO
26	U55100MH2004PTC149500	JAL MAHAL RESORTS PRIVATE LIMITED	Director	10/11/2004	10/11/2004	-	Active	NO
27	U70100MH1999PTC119578	KGK CREATIONS (INDIA) PRIVATE LIMITED	Director	02/02/2008	23/03/2006	09/07/2014	Active	NO
28	U63040WB1994PLC062139	GLOBE FOREX & TRAVELS LIMITED	Director	01/07/2006	01/07/2006	01/02/2008	Active	NO
29	U51398MH1984NPL033787	BHARAT DIAMOND BOURSE	Director	28/09/2006	28/09/2006	29/09/2008	Active	NO
30	U45201RJ2005PTC020299	CLASSIC BUILDTECH PRIVATE LIMITED	Director	28/09/2015	30/09/2006	-	Active	NO
31	U45201RJ2005PTC020591	TRIMURTI BUILDHOME PRIVATE LIMITED	Director	30/09/2006	30/09/2006	18/03/2015	Active	NO
32	U45201RJ2006PTC023216	AXIS ROYAL REAL ESTATE DEVELOPERS PRIVATE LIMITED	Director	12/10/2006	12/10/2006	-	Active	NO
33	U45201RJ2006PTC023227	KGK REAL ESTATE PRIVATE LIMITED	Director	16/10/2006	16/10/2006	18/03/2015	Active	NO
34	U36911RJ1988PTC004689	FINE GEMS EXPORT PVT.LTD.	Director	08/06/2007	15/12/2006	14/03/2015	Active	NO
35	U45201RJ2007PTC023836	SOUTHERN BUILDMART PRIVATE LIMITED	Director	12/02/2007	12/02/2007	01/10/2009	Active	NO
36	U45201RJ2007PTC023944	ANSAL JKD PEARL DEVELOPERS PRIVATE LIMITED	Director	01/03/2007	01/03/2007	01/10/2009	Active	NO
37	U45201MH1983PTC031708	MARUDHAR PROPERTIES PRIVATE LIMITED	Director	06/04/2007	06/04/2007	17/03/2015	Active	NO
38	U70101RJ1998PTC015206	PRANAY CREATIONS PRIVATE LIMITED	Director	29/09/2007	23/04/2007	18/03/2015	Active	NO
39	U36912MH2007PTC171061	KGK GEMS PRIVATE LIMITED	Director	22/05/2007	22/05/2007	18/12/2013	Active	NO
40	U45201RJ2007PTC024462	INCREDIBLE REAL ESTATE PRIVATE LIMITED	Director	23/05/2007	23/05/2007	01/10/2009	Active	NO
41	U45400MH2007PTC171281	ANK RESOURCES PRIVATE LIMITED	Director	04/06/2007	04/06/2007	14/03/2015	Active	NO
42	U45201RJ2007PTC024722	SUNMOON BUILDMART PRIVATE LIMITED	Director	11/07/2007	11/07/2007	01/10/2009	Active	NO
43	U45201RJ2007PTC024824	SYNERGY LANDMART PRIVATE LIMITED	Director	08/08/2007	08/08/2007	18/01/2011	Active	NO
44	U45201RJ2007PTC024822	ABHINAV PROPMART PRIVATE LIMITED	Director	08/08/2007	08/08/2007	18/01/2011	Active	NO
45	U45201RJ2007PTC024823	ROCKTUFF REAL ESTATE PRIVATE LIMITED	Director	08/08/2007	08/08/2007	04/12/2013	Active	NO
46	U67190MH1996PTC097558	COMET PORTFOLIO SERVICES PRIVATE LIMITED	Director	17/09/2007	17/09/2007	17/03/2015	Active	NO
47	U80302RJ2007NPL025326	INDIAN INSTITUTE OF GEMS AND JEWELLERY JAIPUR	Director	16/11/2007	16/11/2007	-	Active	NO
48	U45201RJ2006PTC022962	SHRI KALYAN BUILDMART PRIVATE LIMITED	Director	29/09/2008	05/01/2008	13/11/2014	Active	NO
49	U45200MH2008PTC183162	KGK REALTIES PRIVATE LIMITED	Director	04/06/2008	04/06/2008	14/03/2015	Active	NO
50	U45201RJ2008PTC027707	KGK INFRASTRUCTURE AND DEVELOPERS PRIVATE LIMITED	Director	10/11/2008	10/11/2008	-	Active	NO
51	U14200MH2009PTC192291	SAY RESOURCES PRIVATE LIMITED	Director	09/05/2009	09/05/2009	14/03/2015	Active	NO
52	U14200MH2009PTC192284	VKK RESOURCES PRIVATE LIMITED	Director	09/05/2009	09/05/2009	14/03/2015	Active	NO
53	U14200MH2009PTC192282	KGK RESOURCES PRIVATE LIMITED	Director	09/05/2009	09/05/2009	14/03/2015	Active	NO
54	U74999MH2009PTC196167	KGK DIAMONDS (I) PRIVATE LIMITED	Director	01/10/2009	01/10/2009	-	Active	NO
55	U36911MH2008PTC187926	KGK ENTICE (INDIA) PRIVATE LIMITED	Director	15/09/2010	14/10/2009	20/03/2015	Active	NO
56	U70109RJ1995PTC011234	MARUGANDHA FARMS PRIVATE LIMITED	Director	10/09/2011	18/11/2010	18/03/2015	Active	NO
57	U15203RJ1992PTC006854	KRISHNA KUNJ PRIVATE LIMITED	Director	10/09/2011	19/11/2010	18/03/2015	Active	NO
58	U70109RJ1995PTC010501	LOVELY FARMS PVT LTD	Director	10/09/2011	19/11/2010	-	Active	NO
59	U70109RJ1995PTC011235	SATLUJ FARMS PRIVATE LIMITED	Director	10/09/2011	19/11/2010	-	Active	NO
60	U51398MH1999PTC119580	KOTHARI CREATIONS PRIVATE LIMITED	Director	30/09/2011	24/11/2010	-	Active	NO
61	U14200MH2009PTC192283	SNK Resources Private Limited	Director	14/08/2011	01/12/2010	08/07/2014	Active	NO
62	U45201RJ2010PTC033561	KGK INFRASTRUCTURE (INDIA) PRIVATE LIMITED	Director	26/10/2013	14/12/2010	01/11/2014	Active	NO
63	U70101RJ1992PTC007100	KRITIKA APARTMENTS PRIVATE LIMITED	Director	10/09/2011	08/01/2011	18/03/2015	Active	NO
64	U15494RJ1995PTC010352	PANNA AGRO PRIVATE LIMITED	Director	10/09/2011	08/01/2011	07/03/2015	Active	NO
65	U70109RJ1995PTC010502	ROADSIDE FARMS PRIVATE LIMITED	Director	10/09/2011	08/01/2011	03/03/2015	Active	NO
66	U70102MH2011PTC213983	KGK HOMES PRIVATE LIMITED	Director	29/09/2011	01/03/2011	19/12/2013	Active	NO
67	U70200MH2011PTC214097	KGK DWELLINGS PRIVATE LIMITED	Director	29/09/2011	01/04/2011	14/03/2015	Active	NO
68	U70101RJ2011PTC035180	DEEPAANGAN DEVELOPERS PRIVATE LIMITED	Director	12/05/2011	12/05/2011	01/10/2012	Active	NO
69	U70101RJ2011PTC035253	NAMOKAR LANDCON PRIVATE LIMITED	Director	20/05/2011	20/05/2011	09/07/2012	Converted to LLP and dissolved	NO
70	U45201RJ2011PTC035250	DEEPPRABHA DEVELOPERS PRIVATE LIMITED	Director	20/05/2011	20/05/2011	01/10/2012	Active	NO
71	U45201RJ2011PTC035451	DEEPAANGAN LAND DEVELOPERS PRIVATE LIMITED	Director	09/06/2011	09/06/2011	01/10/2011	Active	NO
72	U45201RJ2011PTC036390	NAMOKAR BUILDESTATE PRIVATE LIMITED	Director	07/09/2011	07/09/2011	01/10/2011	Active	NO
73	U45200MH1997PTC149191	KGK CREATIONS PRIVATE LIMITED	Director	27/09/2013	01/04/2013	04/07/2014	Active	NO
74	U45201RJ2013PTC042112	KGK PROPERTIES (INDIA) PRIVATE LIMITED	Director	15/04/2013	15/04/2013	18/03/2015	Active	NO
75	U51109RJ1996PTC012589	JAIPUR AUTOMOBILES PRIVATE LIMITED	Director	29/09/2014	19/03/2014	18/03/2015	Active	NO
76	U36996MH2014PTC259449	JAIPUR EMERALD PRIVATE LIMITED	Director	29/09/2015	23/03/2015	-	Active	NO
77	AAE-2721	BAGRU INDUSTRIAL PARK MAINTENANCE LLP	Designated Partner	29/06/2015	29/06/2015	-	Active	NO

Name :

Mr. Sandeep Navrattan Kothari

Designation :

Director

Address :

Hoveniersstraat, 2 Suite No 529, Antwerpen 2018, Antwerp, NA, Belgium

Date of Birth/Age :

08.11.1971

Date of Appointment :

01.10.2009

DIN No.:

00137694

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	U36912MH1989PTC054783	KOTHARI DIAMOND INDUSTRIES PRIVATE LIMITED	Director	02/05/1991	02/05/1991	24/11/2010	Active	NO
2	U36910MH1990PTC054834	NAVRATNA GEMS PRIVATE LIMITED	Director	02/05/1991	02/05/1991	24/11/2010	Active	NO
3	U67120MH1983PTC031248	POPULAR INVESTMENTS PRIVATE LIMITED	Director	15/05/1991	15/05/1991	13/09/2012	Active	NO
4	U51900MH1984PTC032788	KGK DIAJEWELS PRIVATE LIMITED	Director	11/05/1992	11/05/1992	08/07/2014	Active	NO
5	U51900MH1991PTC060185	TRISHUL COMMERCIALS PRIVATE LIMITED	Director	21/03/1994	21/03/1994	13/09/2012	Active	NO
6	U67120MH1994PTC082200	KGK TRADELINKS PRIVATE LIMITED	Director	20/10/1994	20/10/1994	01/02/2012	Active	NO
7	U65910MH1995PTC085359	MARUDHAR LEASE FINANCING PRIVATE LIMITED	Director	08/02/1995	08/02/1995	10/09/2012	Active	NO
8	U36910MH1990PTC055961	KGK CREATIONS (MFG) PRIVATE LIMITED	Director	17/05/1995	17/05/1995	24/11/2010	Active	NO
9	U29269MH1960PLC011589	PAPER MILL PLANT & MACHINERY MANUFACTURERS LIMITED	Director	22/11/1995	22/11/1995	-	Active	NO
10	U51398MH1999PTC119580	KOTHARI CREATIONS PRIVATE LIMITED	Director	23/04/1999	23/04/1999	13/09/2012	Active	NO
11	U51109RJ1996PTC012589	JAIPUR AUTOMOBILES PRIVATE LIMITED	Director	20/12/1999	20/12/1999	22/09/2012	Active	NO
12	U74900RJ1997PTC014154	KGK INNOVATIVE PRIVATE LIMITED	Director	20/12/1999	20/12/1999	13/09/2012	Active	NO
13	U18101MH1993PTC072859	KGK CREATIONS PROCESSING PRIVATE LIMITED	Director	30/06/2003	30/06/2003	13/09/2012	Active	NO
14	U67120MH1995PTC084439	KGK DIA PROCESSING PRIVATE LIMITED	Director	18/02/2004	18/02/2004	06/01/2011	Active	NO
15	U45200MH1997PTC149191	KGK CREATIONS PRIVATE LIMITED	Director	21/10/2004	21/10/2004	22/01/2007	Active	NO
16	U55100MH2004PTC149500	JAL MAHAL RESORTS PRIVATE LIMITED	Director	10/11/2004	10/11/2004	09/01/2012	Active	NO
17	U01117RJ1996PTC013020	PINKCITY GARDENS PRIVATE LIMITED	Director	29/09/2005	29/09/2005	-	Active	NO
18	U45201RJ1996PTC012976	TANMAYA GARDENS PRIVATE LIMITED	Director	29/09/2005	29/09/2005	-	Active	NO
19	U01119RJ1995PTC009381	PRERNA AGRICULTURAL FARMS PRIVATE LIMITED	Director	30/09/2005	30/09/2005	-	Active	NO
20	U55101RJ1997PTC013071	PANCHRATNA MOTELS AND RESORTS PRIVATE LIMITED	Director	30/09/2005	30/09/2005	-	Active	NO
21	U63040WB1994PLC062139	GLOBE FOREX & TRAVELS LTD	Director	01/07/2006	01/07/2006	04/09/2008	Active	NO
22	U36912MH2007PTC171061	KGK GEMS PRIVATE LIMITED	Director	22/05/2007	22/05/2007	13/09/2012	Active	NO
23	U45400MH2007PTC171281	ANK RESOURCES PRIVATE LIMITED	Director	04/06/2007	04/06/2007	10/09/2012	Active	NO
24	U45201RJ2001PTC017127	SUBAKO DEVELOPERS PRIVATE LIMITED	Director	29/09/2008	20/05/2008	-	Active	NO
25	U45200MH2008PTC183162	KGK REALTIES PRIVATE LIMITED	Director	04/06/2008	04/06/2008	12/09/2012	Active	NO
26	U14200MH2009PTC192282	KGK RESOURCES PRIVATE LIMITED	Director	09/05/2009	09/05/2009	10/09/2012	Active	NO
27	U14200MH2009PTC192283	SNK Resources Private Limited	Director	09/05/2009	09/05/2009	08/07/2014	Active	NO
28	U74999MH2009PTC196167	KGK DIAMONDS (I) PRIVATE LIMITED	Director	01/10/2009	01/10/2009	-	Active	NO
29	U45201RJ2013PTC041820	THE OASIS PRIME PROJECTS (INDIA) PRIVATE LIMITED	Director	15/03/2013	15/03/2013	-	Active	NO
30	U45201RJ1988PTC004364	PANCHRATNA BUILDERS PRIVATE LIMITED	Director	09/09/2014	27/03/2014	-	Active	NO

Name :

Mr. Nitin Dhadda

Designation :

Director

Address :

212, Chandralok-B, Manav Mandir Road, Malabar Hill, Mumbai-400006, Maharashtra, India

Date of Birth/Age :

17.05.1976

Date of Appointment :

30.09.2014

DIN No.:

02542528

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	U70101MH1985PTC035267	VIPKON PROPERTY DEVELOPMENT SERVICES PVT LTD	Director	30/11/2000	30/11/2000	27/05/2011	Active	NO
2	U74999MH2009PTC196167	KGK DIAMONDS (I) PRIVATE LIMITED	Director	30/09/2014	10/03/2014	-	Active	NO

Name :

Mr. Vijesh Kumar Modi

Designation :

Director

Address :

502, B/Wing, 5th Floor, Adarsh Classic, Adarsh, Vihar Complex, Off Marve Road, Malad (West), Mumbai-400064, Maharashtra, India

Date of Appointment :

30.09.2015

DIN No.:

02559106

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	U74900RJ1997PTC014154	KGK INNOVATIVE PRIVATE LIMITED	Director	11/09/2012	11/09/2012	02/03/2015	Active	NO
2	U36912MH2007PTC171061	KGK GEMS PRIVATE LIMITED	Director	12/09/2012	12/09/2012	18/12/2013	Active	NO
3	U74999MH2009PTC196167	KGK DIAMONDS (I) PRIVATE LIMITED	Director	30/09/2015	14/03/2015	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Dhara Prakash Jain
Designation :	Secretary
Address :	Pawapuri Sty., 'A' Wing, Floor No. 6, Flat No. 601, Seth Moti Shah Lane (Love Lane), Byculla, Mumbai-400010, Maharashtra, India
Date of Birth/Age :	04.12.1986
Date of Appointment :	20.09.2010
PAN No.:	ALNPJ0120E

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2015

Names of Equity Shareholders	No. of Shares
Sandeep Navrattan Kothari	8000000
KGK Diajewels Private Limited, India	3500000
Navrattan Kothari	800000
Anila Kothari	800000
Sanjay Kothari	5913977
Manju Kothari	934933
Preeti Kothari	5800000
Precious Investment (HK) Limited, Hong Kong	2990644
Total	28739554

Names of 6% fully convertible non-cumulative Preference Shareholders	No. of Shares
Precious Investment (HK) Limited, Hong Kong	522453
Total	522453

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	10.41
Bodies corporate	12.18
Directors or relatives of Directors	77.41
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer, Exporter and Trader of Diamond and Diamond Jewellery. (Confirmed by management)

Products :

Item Code No.	Product Description
71023910	Cut and Polished Diamonds

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

No. of Employees :

Not Divulged

Bankers :

Bank Name	Yes Bank Limited
Branch	9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Indusind Bank Limited, 2401 Gen Thimmayya Road, Contonment, Pune- 411001, Maharashtra, India

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Rupee term loans from banks (Hypothecation of property situated at BKC)	171.560	214.593
Short-term borrowings
Rupee term loans from banks (hypothecation of book debts and stock, mortgage of Lease hold premises at Bharat Diamonds Bourse , fixed assets as well as investment property belonging to KGK Group entities.)	9.085	21.784
Foreign currency term loans from banks (hypothecation of book debts and stock, mortgage of Lease hold premises at Bharat Diamonds Bourse , fixed assets as well as investment property belonging to KGK Group entities.)	5920.856	6199.613
Total	6101.501	6435.990

Auditors :
Name :	Sudit K. Parekh and Company Chartered Accountants
Address :	Ballard House, 2nd Floor, Adi Marzban Path, Ballard Pier, Fort, Mumbai, Maharashtra, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAAFS4500P
Memberships :	--
Collaborators :	--
Subsidiaries companies:	Alok Impex Private Limited Kothari Diamond Industries Private Limited KGK Diamonds Inc KGK Gems Private Limited KGK Innovative Private Limited KGK Dia Processing Private Limited (formerly Known As Shubham Amusements Private Limited Sparkle Gems Inc Unique Diamonds Private Limited
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	Jaipur Automobiles Private Limited Jal Mahal Resorts Private Limited KGK Gems KGK Ventures KGK Diajewels Private Limited KGK Jewellery Private Limited Kaygee Holdings Private Limited KGK Creations Private Limited KGK Creations (India) Private Limited KGK Creations Processing Private Limited ( formely Known As KGK Properties Private Limited) KGK Entice (India) Private Limited KGK Homes Private Limited KGK Tradelinks Private Limited ( Formerly Known as KGK Investments Comapny Private Limited) Kothari Creations Private Limited Kothari Jewels Private Limited KG Kothari and Sons Navratna Gems Private Limited Popular Investments Private Limited Precious Properties Private Limited Ratnalaya Diamonds Private Limited SAY Resources Private Limited. SNK Resources Private Limited. KGK Diamonds Co. Limited. KGK Diamonds (Far East) Inc. KGK Diamonds B.V.B.A. KGK Diamonds (HK) Limited KGK Diamonds Israel Limited KGK Diamonds LLC KGK Jewellery Inc. KGK Jewellery (HK) Limited KGK Jewellery Manufacturing Limited KGK Diamonds SA Pty Limited. (formerly known as KGK Star Rough Pty Limited) KGK Jewels (Pty.) Limited KGK Diamonds (Pty) Limited Precious Investments (HK) Limited

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
38,000,000	Equity Shares	Rs.10/- each	Rs. 380.000 Million
2,000,000	Preference shares	Rs.10/- each	Rs. 20.000 Million
	Total		Rs. 400.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
28,739,554	Equity Shares	Rs.10/- each	Rs. 287.395 Million
522,453	Preference shares	Rs.10/- each	Rs. 5.225 Million
	Total		Rs. 292.620 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	292.620	279.600	258.015
(b) Reserves & Surplus	2664.014	2233.533	1683.828
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	2956.634	2513.133	1941.843
(3) Non-Current Liabilities
(a) long-term borrowings	865.222	922.105	840.125
(b) Deferred tax liabilities (Net)	1.671	0.359	0.373
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	6.892	6.182	5.201
Total Non-current Liabilities (3)	873.785	928.646	845.699
(4) Current Liabilities
(a) Short term borrowings	5929.941	6221.397	4820.537
(b) Trade payables	2307.601	4268.428	2600.205
(c) Other current liabilities	125.746	191.431	105.999
(d) Short-term provisions	0.406	0.326	0.409
Total Current Liabilities (4)	8363.694	10681.582	7527.150
TOTAL	12194.113	14123.361	10314.692
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	354.195	379.621	247.241
(ii) Intangible Assets	1.142	1.331	0.092
(iii) Capital work-in-progress	499.111	475.316	15.718
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	69.268	69.269	72.234
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	903.497	816.099	853.689
(e) Other Non-current assets	0.274	3.396	3.152
Total Non-Current Assets	1827.487	1745.032	1192.126
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	3470.269	5354.545	4491.843
(c) Trade receivables	6789.398	6579.052	4496.393
(d) Cash and cash equivalents	65.596	399.880	75.201
(e) Short-term loans and advances	38.066	43.581	59.129
(f) Other current assets	3.297	1.271	0.000
Total Current Assets	10366.626	12378.329	9122.566
TOTAL	12194.113	14123.361	10314.692

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income
		Other Income
		TOTAL	17589.608	15314.863	13350.500
Less	EXPENSES
		TOTAL	17268.955	15042.053	13082.583
	PROFIT/ (LOSS) BEFORE TAX		320.653	272.810	267.917
Less	TAX		111.513	90.046	86.942
	PROFIT/ (LOSS) AFTER TAX		209.140	182.764	180.975
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		533.146	350.382	169.407
	BALANCE CARRIED TO THE B/S		742.286	533.146	350.382
	EARNINGS IN FOREIGN CURRENCY
		F.O.B. Value of Exports	11124.891	10089.440	10126.919
	TOTAL EARNINGS		11124.891	10089.440	10126.919
	IMPORTS
		Raw Materials	5173.783	7168.636	5826.179
		Stores & Spares	0.129	1.266	1.996
		Capital Goods	5.220	81.972	37.762
	TOTAL IMPORTS		5179.132	7251.874	5865.937
	Earnings / (Loss) Per Share (Rs.)		7.14	6.53	NA

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	43.156	35.407	0.000
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operation	71.239	(816.461)	(1596.728)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Total Income)	(%)	1.19	1.19	1.36
Return on Total Assets (PBT/Total Assets}	(%)	2.76	2.01	2.62
Return on Investment (ROI) (PBT/Networth)		0.11	0.11	0.14
Debt Equity Ratio (Total Debt /Networth)		2.31	2.86	2.92
Current Ratio (Current Asset/Current Liability)		1.24	1.16	1.21

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	258.015	279.600	292.620
Reserves & Surplus	1683.828	2233.533	2664.014
Net worth	1941.843	2513.133	2956.634
long-term borrowings	840.125	922.105	865.222
Short term borrowings	4820.537	6221.397	5929.941
Current maturities of long-term debts	0.000	35.407	43.156
Total borrowings	5660.662	7178.909	6838.319
Debt/Equity ratio	2.915	2.857	2.313

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Total Income	13350.500	15314.863	17589.608
		14.714	14.853

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Total Income	13350.500	15314.863	17589.608
Profit	180.975	182.764	209.140
	1.36%	1.19%	1.19%

LOCAL AGENCY FURTHER INFORMATION

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

LITIGATION DETAILS
Bench:- Bombay
Presentation Date:- 04.12.2015
Lodging No. :	CEXAL/271/2015	Failing Date:-	04.12.2015
Petitioner:-	THE COMMISSIONER OF SERVICE TAX IV-	Respondent:-	M/S.K G K DIAMONDS (I) PRIVATE LIMITED
Petn.Adv:-	JITENDRA BRIJBHUSHAN MISHRA (I2937)	Resp. Adv.:-	0(0)
District:-	MUMBAI
Bench:-	DIVISION	Category:-	CENTRAL EXCISE APPEAL (CEXA)
Status:-	Pre-Admission	Stage:-	--
Act. :	Central Excise and Salt Act		Under Section:	35G

OPERATIONS:

Operating in a volatile and uncertain environment, the Company tuned out a very good performance. The highlights of the Company’s performance are as under:

In 2013-14, Company’s revenue from operations increased by approx 15 % from Rs. 15296.700 Million in F.Y. 2012-13 to Rs. 17580.800 Million in F.Y. 2013-14. During the year, the Company focused on capturing local market, which can be evident from the fact that local sales of the Company has been increased by 36% i.e. Rs. 642.27 Million in the current F.Y. 2013-14 as compared to Rs. 4734.800 Million in the last F.Y. 2012-13. Further, during the F.Y. 2013-14, there is growth of 11% in the Exports of the Company. The Profit before tax and net profit of the Company has also increased by 18 % and 14% respectively in the current F.Y. 2013-14. During the year under review, there is an inflow of Rs. 71.200 Million from operations. After payments towards capital expenditure, interest, inflows of borrowing and increase in share capital the net cash outflow during the year was Rs. 336.800 Million.

Finance cost has increased by 6 % i.e from Rs. 346.100 Million in the F.Y. 2012-13 to Rs. 367.400 Million in the F.Y. 2013.14 due to increase in the interest rate during the year. The Company has repaid its interest free unsecured borrowing of Rs. 13.900 Million & secured long term loan of Rs. 35.300 Million during the year bearing 12.25% interest rate. Short term borrowings has been reduced by an amount of Rs. 291.500 Million i.e. from Rs. 6220.000 Million in the F.Y. 2012-13 to Rs. 5930.000 Million in the F.Y. 2013.14. During the F.Y. 2013-14, the Company has increased its fixed assets base by Rs. 26.000 Million and increase of Rs. 24.000 Million towards capital work in progress.

The provision for diminution in the entire value of investment amounting to Rs. 2.965 Million, made during the previous F.Y. with respect to one of its foreign subsidiary in USA i.e. KGK Diamonds, INC, has been confirmed as an actual loss of value and removed from the Financial Statement. Lastly there has been an increase in the net worth of the Company by an amount of Rs. 443.500 Million. It depict that this year was in favour of the Company. The Directors are working continuously for increasing the profits of the company and to achieve positive results for the future growth of the Company.

UNSECURED LOAN

PARTICULARS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Loans and advances from related parties	693.662	707.512
Total	693.662	707.512

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10544552	05/08/2015 *	900,000,000.00	INDUSIND BANK LIMITED	2401 GEN THIMMAYYA ROAD, CONTONMENT, PUNE, Maharashtra - 411001, INDIA	C62410741
2	10501304	05/06/2015 *	600,000,000.00	SOCIETE GENERALE	UPPER GROUND FLOOR, AMBADEEP BUILDING,, 14, KASTU  RBA GANDHI MARG,, NEW DELHI, Delhi - 110001, INDIA	C55332365
3	10483607	30/06/2015 *	500,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR.  ANNIE BESANT ROAD, WORLI,, MUMBAI, Maharashtra -  400018, INDIA	C58962663
4	10413331	27/02/2013	250,000,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA	B71294946
5	10372206	30/07/2012	2,250,000,000.00	Standard Chartered Bank	Abhijeet II, Ground Floor, Near Mithakali Six Roads, Ahmedabad, Gujarat - 380006, INDIA	B56188477
6	10359699	24/07/2015 *	200,000,000.00	INDUSIND BANK LIMITED	ONE INDIABULLS CENTRE, 8TH FLOOR, TOWER 1, 841,  SENAPATI BAPAT MARG, ELPHINSTONE ROAD (W), MUMBAI,  Maharashtra - 400013, INDIA	C65785404
7	10183308	10/08/2012 *	3,300,000,000.00	THE ROYAL BANK OF SCOTLAND N.V.	North Avenue 4, Maker Maxity, Level 3,, Bandra Kurla Complex, Bandra (East) Mumbai, Maharashtra - 400051, INDIA	B56683147

* Date of charge modification

FIXED ASSETS

• Buildings
• Plant and equipment
• Factory equipments
• Furniture and fixtures
• Vehicles
• Office equipment
• Computer

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 records 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.66.78
UK Pound	1	Rs.101.10
Euro	1	Rs.73.10

INFORMATION DETAILS

Information Gathered by :	DPA
Analysis Done by :	KIN
Report Prepared by :	JYTK

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	6
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	6
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--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		49

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.