MIRA INFORM REPORT

Report No. :	330744
Report Date :	10.07.2015

IDENTIFICATION DETAILS

Name :	TREASURE HOUSE LIMITED

Registered Office :	Westbury 2^nd Floor, 145-157 St John Street, London, EC1V 4PY

Country :	United Kingdom

Financials (as on) :	30.06.2014

Date of Incorporation :	01.04.1985

Com. Reg. No.:	01901023

Legal Form :	Private Limited with Share Capital

Line of Business :	· Manufacturer of Jewellery and Related Articles. · Manufacturer and Wholesaler of Fine Jewellery

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

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

Status :	Satisfactory

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 – March 31, 2015

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

United Kingdom

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

UNITED KINGDOM - ECONOMIC OVERVIEW

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output. In 2008, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Falling home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 20% by 2015. However, the deficit still remains one of the highest in the G7, standing at 5.8% in 2013. The Bank of England (BoE) implemented an asset purchase program of 375 billion (approximately $586 billion) as of December 2014. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU). In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.8%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.

Source : CIA

COMPANY Name and address

Company Name: TREASURE HOUSE LIMITED

Company No: 01901023

Company Status: Active - Accounts Filed

Registered Address: WESTBURY 2ND FLOOR 145-157 ST JOHN STREET LONDON EC1V 4PY

Company Summary

Registered Address WESTBURY 2ND FLOOR, 145-157 ST JOHN STREET, LONDON, EC1V 4PY

Trading Address 2nd Floor, Crusader House, 145-157 St. John Street, London, EC1V 4PY

Website Address http://www.thgold.com

Telephone Number -

Fax Number -

TPS -

FPS No

Incorporation Date 01/04/1985

Previous Name -

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 15/12/2014

Currency GBP

Share Capital £32

SIC07 32120

Charity Number -

SIC07 Description MANUFACTURE OF JEWELLERY AND RELATED ARTICLES

Principal Activity The manufacture and wholesale of fine jewellery.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

30/06/2014 - - £452,378 -

30/06/2013 - - £287,284 -

30/06/2012 - - £146,306 -

Mortgage Summary

Total Mortgage 5

Outstanding 3

Satisfied 2

Trade Debtors/ Bad Debt Summary

Total Number of Documented Trade 2

Total Value of Documented Trade £1,019

Commentary

This company has been treated as a Small company in respect of the rating/limit generated.
The latest Balance Sheet indicates a very positive net working capital position.
There has been an increase in shareholders funds compared with the previous balance sheet.
This company trades in an industry with a higher level of corporate failures.

CCJ

Total Number of Exact CCJs -	0	Total Value of Exact CCJs -
Total Number of Possible CCJs -	0	Total Value of Possible CCJs -
Total Number of Satisfied CCJs -	0	Total Value of Satisfied CCJs -
Total Number of Writs -	-

Total Current Directors	2
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	2

Current Directors

Name	Danny Ahron Cohen	Date of Birth	19/11/1961
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	31/12/1991
Address	Westbury 2nd Floor, 145-157 St John Street, London, EC1V 4PY

Name	Enon Ahron Cohen	Date of Birth	02/05/1959
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	31/12/1991
Address	Westbury 2nd Floor, 145-157 St John Street, London, EC1V 4PY

Current Company Secretary

Name	Danny Ahron Cohen	Date of Birth	19/11/1961
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Company Secretary
Appointment Date	31/12/1991
Address	Westbury 2nd Floor, 145-157 St John Street, London, EC1V 4PY

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
ENON AHRON COHEN	GBP	12	ORDINARY A	1	37.5
DANNY AHRON COHEN	GBP	12	ORDINARY C	1	37.5
VARDA COHEN	GBP	4	ORDINARY B	1	12.5
JOY RACHEL COHEN	GBP	4	ORDINARY D	1	12.5

Financials

PROFIT & LOSS

	Date Of Accounts	30/06/14	(%)	30/06/13	(%)	30/06/12	(%)	30/06/11	(%)	30/06/10
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Depreciation	£52,914	-12.4%	£60,403	42%	£42,537	44.2%	£29,504	-14%	£34,317
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

BALANCE SHEET

	Date Of Accounts	30/06/14	(%)	30/06/13	(%)	30/06/12	(%)	30/06/11	(%)	30/06/10
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Tangible Assets	£138,179	-21.7%	£176,417	14.7%	£153,797	0.9%	£152,413	-6.5%	£162,939
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Total Fixed Assets	£138,179	-21.7%	£176,417	14.7%	£153,797	0.9%	£152,413	-6.5%	£162,939
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Stock	£2,644,411	23.4%	£2,143,303	27.2%	£1,684,941	15.8%	£1,455,104	56%	£932,509
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Trade Debtors	£734,045	14.5%	£640,993	51.2%	£423,969	9.1%	£388,567	8.1%	£359,568
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Cash	£91,105	-29%	£128,296	49.7%	£85,701	-46.8%	£161,130	128.5%	£70,502
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Other Debtors	0	-	0	-	0	-	0	-	0
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Total Current Assets	£3,469,561	19.1%	£2,912,592	32.7%	£2,194,611	9.5%	£2,004,801	47.1%	£1,362,579
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Trade Creditors	£1,679,580	31.9%	£1,273,039	-0.4%	£1,278,349	27.4%	£1,003,422	-25.2%	£1,340,835
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Other Short Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Total Current Liabilities	£1,679,580	31.9%	£1,273,039	-0.4%	£1,278,349	27.4%	£1,003,422	-25.2%	£1,340,835
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£1,475,782	-3.5%	£1,528,686	65.5%	£923,753	-10.2%	£1,028,413	999.9%	£21,845
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Total Long Term Liabilities	£1,475,782	-3.5%	£1,528,686	65.5%	£923,753	-10.2%	£1,028,413	999.9%	£21,845

CAPITAL & RESERVES

	Date Of Accounts	30/06/14	(%)	30/06/13	(%)	30/06/12	(%)	30/06/11	(%)	30/06/10
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Called Up Share Capital	£32	-	£32	-	£32	-33.3%	£48	-	£48
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	P & L Account Reserve	£452,346	57.5%	£287,252	96.4%	£146,274	16.7%	£125,331	-23%	£162,790
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Shareholder Funds	£452,378	57.5%	£287,284	96.4%	£146,306	16.7%	£125,379	-23%	£162,838

OTHER FINANCIAL ITEMS

	Date Of Accounts	30/06/14	(%)	30/06/13	(%)	30/06/12	(%)	30/06/11	(%)	30/06/10
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Net Worth	£452,378	57.5%	£287,284	96.4%	£146,306	16.7%	£125,379	-23%	£162,838
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Working Capital	£1,789,981	9.2%	£1,639,553	78.9%	£916,262	-8.5%	£1,001,379	999.9%	£21,744
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Total Assets	£3,607,740	16.8%	£3,089,009	31.5%	£2,348,408	8.9%	£2,157,214	41.4%	£1,525,518
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Total Liabilities	£3,155,362	12.6%	£2,801,725	27.2%	£2,202,102	8.4%	£2,031,835	49.1%	£1,362,680
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Net Assets	£452,378	57.5%	£287,284	96.4%	£146,306	16.7%	£125,379	-23%	£162,838

CASH FLOW

	Date Of Accounts	30/06/14	(%)	30/06/13	(%)	30/06/12	(%)	30/06/11	(%)	30/06/10
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

MISCELLANEOUS

	Date Of Accounts	30/06/14	(%)	30/06/13	(%)	30/06/12	(%)	30/06/11	(%)	30/06/10
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Capital Employed	£1,928,160	6.2%	£1,815,970	69.7%	£1,070,059	-7.3%	£1,153,792	524.7%	£184,683
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers	GIROBANK PLC
	Bank Branch Code

RATIOS

	Date Of Accounts	30/06/14	30/06/13	30/06/12	30/06/11	30/06/10
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Current ratio	2.07	2.29	1.72	2	1.02
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Gearing %	326.20	532.10	631.40	820.20	13.40
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Equity in %	12.50	9.30	6.20	5.80	10.70
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Liquidity/Acid Test	0.49	0.60	0.39	0.54	0.32
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Current Debt Ratio	3.71	4.43	8.73	8	8.23
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Total Debt Ratio	6.97	9.75	15.05	16.20	8.36
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\Folders\TREASURE HOUSE LIMITEd_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
19/01/2015	Annual Returns
27/12/2014	New Accounts Filed
22/01/2014	Annual Returns
04/11/2013	New Accounts Filed
21/01/2013	Annual Returns
05/12/2012	New Accounts Filed
16/01/2012	Annual Returns
15/11/2011	Mr R.A. Cohen has left the board
10/10/2011	New Accounts Filed
20/01/2011	Annual Returns
30/11/2010	New Accounts Filed
23/03/2010	Annual Returns
20/11/2009	New Accounts Filed
04/02/2009	Annual Returns
23/11/2008	New Accounts Filed

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group Structure Full

No Group Structure

Mortgage Details

Mortgage Type:	CHARGE OF DEPOSIT
Date Charge Created:	13/03/13
Date Charge Registered:	19/03/13
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	THE DEPOSIT OF £4,000 AND ALL AMOUNTS IN THE FUTURE CREDITED TO ACCOUNT NUMBER 25518720 WITH THE BANK
Mortgage Type:	CHARGE AND SET-OFF AGREEMENT OVER CREDIT BALANCE AND GUARANTEE
Date Charge Created:	08/04/93
Date Charge Registered:	21/04/93
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	UNION BANK OF SWITZERLAND
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THETERMS OF THE CHARGEAND/OR GUARANTEE
Details:	THE COUNTERPARTY AS BENEFICIAL OWNER HEREBY CHARGES TO THE BANK THE BENEFIT ANDRIGHT OF REPAYMENT OFALL SUMS (INCLUDING INTEREST) FROM TIME TO TIME STANDING TO THE CREDIT OF THE COUNTERPARTY\S DEPOSIT ACCOUNT OPEN OR TO BE OPENED IN THE BANK\S BOOK (FOR FULL DETAILS OF CHARGE SEE FORM 395 AND CONTDSHEET)

Mortgage Type:	LEGAL CHARGE OVER SHARES AND SECURITIES
Date Charge Created:	08/04/93
Date Charge Registered:	09/04/93
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	UNION BANK OF SWITZERLAND
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THETERMS OF THE CHARGE
Details:	ALL THE RIGHT TITLE AND INTEREST OF THECHARGOR TO THE SECURITIES AND ALL THE CERTIFICATES OR OTHER EVIDENCE OF TITLE TO THE SAID SECURITIES DEPOSITED FROM TIME TO TIME BY THE CHARGOR (FOR FULL DETAILSSEE FORM 395 AND CONTD SHEETS)
Mortgage Type:	MEM. OF SECURITY (RELATING TO A DEPOSIT).
Date Charge Created:	04/07/91
Date Charge Registered:	11/07/91
Date Charge Satisfied:	11/05/95
Status:	SATISFIED
Person(s) Entitled:	THE BANK OF NOVA SCOTCIA
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF A LOAN AGREEMENTDATED 26TH OCTOBER1990 AND THIS CHARGE
Details:	THE "DEPOSIT" (SEE FORM 395 RELEVANT TOTHIS CHARGE).

Mortgage Type:	DEBENTURE
Date Charge Created:	14/11/85
Date Charge Registered:	21/11/85
Date Charge Satisfied:	11/05/95
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY

Trade Debtors / Bad Debt Detail

	Total Number of Documented Trade	Total Value of Documented Trade
Trade Debtors	2	£1,019
Company Name	Amount	Statement Date
D J Gold Depot Limited	£859	23/01/2012
Jeeves The Jewellers Limited	£160	16/09/2013

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Rami Aaron Cohen	2	1
Elia Ahron Cohen	1	1
Average Invoice Value	Ł374.74
Invoices available	5
Paid	5
Outstanding	0

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

	Within Terms	0-30 Days	31-60 Days	61-90 Days	91+ Days
Paid	3	2	0	0	0
Outstanding	0	0	0	0	0

DIAMOND INDUSTRY – INDIA

- From time immemorial, India is well known in the world as the birthplace for diamonds. It is difficult to trace the origin of diamonds but history says that in the remote past, diamonds were mined only in India. Diamond production in India can be traced back to almost 8^th Century B.C. India, in fact, remained undisputed leader till 18^th Century when Brazilian fields were discovered in 1725 followed by emergence of S. Africa, Russia and Australia.

- The achievement of the Indian diamond industry was possible only due to combination of the manufacturing skills of the Indian workforce and the untiring and unflagging efforts of the Indian diamantaires, supported by progressive Government policies.

- The area of study of family owned diamond businesses derives its importance from the huge conglomerate of family run organizations which operate in the diamond industry since many generations.

- Some of the basic traits of family run business enterprises include spirit of entrepreneurship, mutual trust lowers transaction costs, small, nimble and quick to react, information as a source of advantage and philanthropy.

- Family owned diamond businesses need to improve on many fronts including higher standard of corporate governance, long-term performance – focused strategies, modern management and technology.

- Utmost caution is to be exercised while dealing with some medium and large diamond traders which are usually engaged in fictitious import – export, inter-company transactions, financially assisted by banks. In the process, several public sector banks lost several hundred million rupees. They mostly diverted borrowed money for diamond business into real estate and capital markets.

- Excerpts from Times of India dated 30^th October 2010 is as under –

- Gem & Jewellery Export Promotion Council in its statistical data has shown the export of polished diamonds to have increase by 28 % in February 2013. Compared to $ 1.4 bn worth of polished diamond export in February, 2012, India exported $ 1.84 billion worth of polished diamonds in February 2013. A senior executive of GJEPC said, “Export of cut and polished diamonds started falling month-wise after the imposition of 2 % of import duty on the polished diamonds. But February, 2013 has given a new ray of hope to the industry as the export of polished diamonds has actually increased by 28 %. It means the industry is on the track of recovery and round tripping of diamonds has stopped completely.” Demand has started coming from the US, the UK, Japan and China. India’s polished diamond export is expected to cross $ 21 bn in 2013-14.

- The banking sector has started exercising restraint while following prudent risk management norms when lending money to gems and jewellery sector. This follows the implementation of Basel III accord – a global voluntary regulatory standard on bank capital adequacy, stress testing and market liquidity.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.51
UK Pound	1	Rs.97.85
Euro	1	Rs.70.50

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	NIT

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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