MIRA INFORM REPORT

Report No. :	351052
Report Date :	19.11.2015

IDENTIFICATION DETAILS

Name :	CLARITY DIAMONDS LIMITED

Registered Office :	Suite 10A-10C Minerva House 26-27 Hatton Garden London Ec1n 8BR

Country :	United Kingdom

Date of Incorporation :	13.02.2014

Com. Reg. No.:	08893689

Legal Form :	Private limited with Share Capital

Line of Business :	Non-Specialised Wholesale Trade [Note: We tried to confirm / obtain the detailed activity but the same is not available from any sources]

No. of Employee :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING

STATUS

PROPOSED CREDIT LINE

New Business

Status :	New business

Payment Behaviour :	Unknown

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 has been a net importer of energy since 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 6.0% in 2014.

In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.7% and in 2014, 2.6%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.

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).

Source : CIA

Company Name and address

CLARITY DIAMONDS LIMITED

Company No

08893689

Registered Address

SUITE 10A-10C MINERVA HOUSE 26-27 HATTON GARDEN LONDON EC1N 8BR

Company Summary

Registered Address	SUITE 10A-10C MINERVA HOUSE 26-27 HATTON GARDEN LONDON EC1N 8BR	Trading Address	Suite 10A-10C Minerva House 26-27 Hatton Garden London EC1N 8BR
Website Address	http://www.claritydiamondsltd.com
Telephone Number	02074047254	Fax Number
TPS	Yes	FPS	Yes
Incorporation Date	13/02/2014
Previous Name	--	Type	Private limited with Share Capital
FTSE Index	--	Date of Change	--
Filing Date of Accounts	--	Currency	GBP
Share Capital	£74,040	SIC07	46900
Charity Number	--
SIC07 Description	NON-SPECIALISED WHOLESALE TRADE
Principal Activity

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
--	--	--	--	--
--	--	--	--	--
--	--	--	--	--

Commentary

No comments to display

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	1

Current Directors

Title	Mr	Function	Director
Name	Jan Maarten Asscher	Nationality	Dutch
Date of Birth	09/1962	Present Appointments	7
Latest Address	Minerva House 26/27 Hatton Garden, London	Appointment Date	17/02/2014
Post Code	EC1N 8BR
Title	Mr	Function	Director
Name	Mark Timothy Walker	Nationality	British
Date of Birth	06/1961	Present Appointments	3
Latest Address	Minerva House Suite 10a - 10c, 26 & 27 Hatton Garden, London	Appointment Date	17/02/2014
Post Code	EC1N 8BR

Current Company Secretary

Title		Function	Company Secretary
Name	EMW SECRETARIES LIMITED	Nationality	British
Date of Birth	-	Present Appointments	347
Latest Address	Seebeck House 1 Seebeck Place, Knowlhill, Milton Keynes, Buckinghamshire	Appointment Date	25/03/2014
Post Code	MK5 8FR

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
ROCKPOOL INVESTMENT NOMINEE LIMITED	GBP	4,487,961	ORDINARY B	0.01	93.9
ROCKPOOL INVESTMENT NOMINEE LIMITED	GBP	216,951	ORDINARY A	0.1	4.54
MARK TIMOTHY WALKER	GBP	37,328	ORDINARY	0.1	0.78
JAN MAARTEN ASSCHER	GBP	37,328	ORDINARY	0.1	0.78

Profit & Loss

Date Of Accounts	-	(%)	-	(%)	-	(%)	-	(%)	-
Weeks	-	(%)	-	(%)	-	(%)	-	(%)	-
Currency	-	(%)	-	(%)	-	(%)	-	(%)	-
Consolidated A/cs	-	(%)	-	(%)	-	(%)	-	(%)	-
Turnover	-	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-	-
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	-	-	-	-	-	-	-	-	-
Depreciation	-	-	-	-	-	-	-	-	-
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	-	(%)	-	(%)	-	(%)	-	(%)	-
Tangible Assets	-	-	-	-	-	-	-	-	-
Intangible Assets	-	-	-	-	-	-	-	-	-
Total Fixed Assets	-	-	-	-	-	-	-	-	-
Stock	-	-	-	-	-	-	-	-	-
Trade Debtors	-	-	-	-	-	-	-	-	-
Cash	-	-	-	-	-	-	-	-	-
Other Debtors	-	-	-	-	-	-	-	-	-
Miscellaneous Current Assets	-	-	-	-	-	-	-	-	-
Total Current Assets	-	-	-	-	-	-	-	-	-
Trade Creditors	-	-	-	-	-	-	-	-	-
Bank Loans & Overdrafts	-	-	-	-	-	-	-	-	-
Other Short Term Finance	-	-	-	-	-	-	-	-	-
Miscellaneous Current Liabilities	-	-	-	-	-	-	-	-	-
Total Current Liabilities	-	-	-	-	-	-	-	-	-
Bank Loans & Overdrafts and LTL	-	-	-	-	-	-	-	-	-
Other Long Term Finance	-	-	-	-	-	-	-	-	-
Total Long Term Liabilities	-	-	-	-	-	-	-	-	-

Capital & Reserves

Date Of Accounts	-	(%)	-	(%)	-	(%)	-	(%)	-
Called Up Share Capital	-	-	-	-	-	-	-	-	-
P & L Account Reserve	-	-	-	-	-	-	-	-	-
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	-	-	-	-	-	-	-	-	-

Other Financial Items

Date Of Accounts	-	(%)	-	(%)	-	(%)	-	(%)	-
Net Worth	-	-	-	-	-	-	-	-	-
Working Capital	-	-	-	-	-	-	-	-	-
Total Assets	-	-	-	-	-	-	-	-	-
Total Liabilities	-	-	-	-	-	-	-	-	-
Net Assets	-	-	-	-	-	-	-	-	-

Cash Flow

Date Of Accounts	-	(%)	-	(%)	-	(%)	-	(%)	-
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	-	(%)	-	(%)	-	(%)	-	(%)	-
Contingent Liability	-	-	-	-	-	-	-	-	-
Capital Employed	-	-	-	-	-	-	-	-	-
Number of Employees	-	-	-	-	-	-	-	-	-

Accountants	-
Auditors	-
Auditor Comments	-
Bankers	-
Bank Branch Code	-

Ratios

Date Of Accounts	-	-	-	-	-
Pre-tax profit margin %	-	-	-	-	-
Current ratio	-	-	-	-	-
Sales/Net Working Capital	-	-	-	-	-
Gearing %	-	-	-	-	-
Equity in %	-	-	-	-	-
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	-	-	-	-	-
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	-	-	-	-	-
Total Debt Ratio	-	-	-	-	-
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
18/06/2015	New Company Secretary EMW SECRETARIES LIMITED appointed
13/03/2015	Annual Returns
13/08/2014	Change in Reg.Office
13/08/2014	Change of Company Postcode
02/04/2014	Mr A.E. Green has left the board
28/03/2014	New Board Member Mr J.M. Asscher appointed
27/03/2014	New Company Secretary EMW SECRETARIES LIMITED appointed
26/03/2014	New Board Member Mr M.T. Walker appointed
25/03/2014	New Board Member J.M. Asscher appointed
17/02/2014	New Board Member Mr A.E. Green appointed

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	2 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	CLARITY DIAMONDS LIMITED
Ownership Status	Ultimately Owned
Ultimate Holding Company	CLARITY DIAMONDS LIMITED

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
CLARITY DIAMONDS LIMITED	08893689	-	N
J M ASSCHER DIAMONDS L...	08696227	30.09.2014	N

Previous Director/Company Secretaries

Name		Current Directorships	Previous Directorships
Andrew Edward Green		10	3
Average Invoice Value	n/a
Invoices available	n/a
Paid	n/a
Outstanding	n/a

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
Outstanding

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.11
UK Pound	1	Rs.100.51
Euro	1	Rs.70.39

INFORMATION DETAILS

Analysis Done by :	KAS

Report Prepared by :	ANK

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.