| BCBI - British Columbia Business Information | ||||||||||||
| info@bcbi.org | ||||||||||||
| To : | XXXX Bank B.V. | Return ot BCBI. | ||||||||||
| Date : | 15.06.2008 | |||||||||||
| Reg. name: | T.T.B.C. I LLC | |||||||||||
| Buyer code No.-Applicant : | 950/rtp/000/nmah | |||||||||||
| Buyer code No. - Replier : | 11/qqw/232/000/TFC | |||||||||||
| Amount of credit : | 0 | |||||||||||
| Currency : | USD. | |||||||||||
| Type of inquiry : | Urgent. | |||||||||||
| Credit rating: | ABB | |||||||||||
| Credit limit : | NM. | |||||||||||
| Terms of payments : | NM. | |||||||||||
| Firm address : | Burrard St., Vancouver, B.C. | |||||||||||
| Telephone: | 16042000000 | |||||||||||
| Fax: | 16042000000 | |||||||||||
| Email: | tt@ttt.caa | |||||||||||
| Web Site: | www.ttt.caa | |||||||||||
| Registration data | ||||||||||||
| Firm number : | 86000000000 | |||||||||||
| Type of firm : | Limited Liability Company. | |||||||||||
| Established: | 03.07.2001 | |||||||||||
| Share capital: ( NIS ): | Issued: | 12,000 | ||||||||||
| Value: | 1 | Registered: | 50,000 | |||||||||
| Partners - Shareholders : | ||||||||||||
| Mr. Smith Smith | ||||||||||||
| Registration notes: | Since registration there have been no changes. | |||||||||||
| Registration fees are paid on time. | ||||||||||||
| Israeli Business Data Co. ( C. W. ) Ltd. | ||||||||||||
| Activities | ||||||||||||
| Nature of business : | Export, Import, Wholesale, Marketing. | |||||||||||
| Jewelry. | ||||||||||||
| Persons employed : | 10 | |||||||||||
| Group / Associates : | J.J.J. Inc. | |||||||||||
| Balance Sheet data at glance: | ||||||||||||
| Date: | 31.12.2007 | 31.12.2006 | ||||||||||
| Currency: | US$ | US$ | ||||||||||
| Annual turnover : | 37,416,521 | 31,417,250 | ||||||||||
| Capital issued : | 24 | 24 | ||||||||||
| Liquidity : | Sufficient. | |||||||||||
| Results : | Bad. | |||||||||||
| Payments : | Prompt. | |||||||||||
| Trend : | Unknown. | |||||||||||
| Credit limit : | NM. | |||||||||||
| Terms of payments : | NM. | |||||||||||
| 31.12.2007 | 31.12.2006 | |||||||||||
| Current ratio: | 1.23 | 1.04 | ||||||||||
| Quick ratio: | 1.05 | 0.84 | ||||||||||
| Debt to equity ratio: | in deficit. | 25.91 | ||||||||||
| EBITDA: | NA. | NA. | ||||||||||
| Notes: | A member in the local trading board. | |||||||||||
| Member in the Belgium Exchange. | ||||||||||||
| Israeli Business Data Co. ( C. W. ) Ltd. | ||||||||||||
| R i s k s | ||||||||||||
| Credit rating: | ABB | |||||||||||
| Evaluation indicators: | Wight: | Earned: | Credit: | Rating: | ||||||||
| Financial | 30 | 55% | 17 | Average | ||||||||
| Business: | 15 | 60% | 9 | Average | ||||||||
| Managements: | 10 | 60% | 6 | Average | ||||||||
| Industry rating: | 7 | 70% | 5 | Good | ||||||||
| Payments: | 30 | 60% | 18 | Average | ||||||||
| Liens: | 8 | 51% | 4 | Poor | ||||||||
| 58 | ||||||||||||
| Scale: | 85 - 100 | Excellent | AAA | |||||||||
| 65 - 84 | Good | AAB | ||||||||||
| 51 - 64 | Average | ABB | ||||||||||
| 35 - 50 | Unsatisfactory | BBB | ||||||||||
| 1 - 34 | Poor | BBC | ||||||||||
| Balance Sheet data. | ||||||||||||
| Date: | 31.12.2007 | 31.12.2006 | ||||||||||
| Currency: | US$ | US$ | ||||||||||
| Statements of income | ||||||||||||
| US | US | |||||||||||
| Annual turnover : | 37,416,521 | 31,417,250 | ######## | ######## | ||||||||
| Cost of sale: | 36,067,131 | 30,474,413 | ######## | ######## | ||||||||
| Gross profit: | 1,349,390 | 942,837 | ######## | 942,837 | ||||||||
| Administrative costs | 1,633,972 | 515,451 | ######## | 515,451 | ||||||||
| Trading profit / loss : | -284,582 | 427,386 | -284,582 | 427,386 | ||||||||
| Financial Expenses: | 269,432 | 114,425 | 269,432 | 114,425 | ||||||||
| Other income: | 0 | 312,961 | 312,961 | |||||||||
| Income (loss) before tax: | -554,014 | 0 | -554,014 | |||||||||
| Tax: | -3,125 | -106,722 | -3,125 | -106,722 | ||||||||
| Net profit (loss): | -557,139 | 206,239 | -557,139 | 206,239 | ||||||||
| Israeli Business Data Co. ( C. W. ) Ltd. | ||||||||||||
| Asset | ||||||||||||
| C u r r e n t assets | ||||||||||||
| Cash and cash | ||||||||||||
| equivalents: | 7,678,651 | 4,494,955 | ######## | ######## | ||||||||
| Customers / Debtors | 7,007,071 | 2,296,943 | ######## | ######## | ||||||||
| Inventory: | 2,555,000 | 1,598,566 | ######## | ######## | ||||||||
| Total current assets: | 17,240,722 | 8,390,464 | ######## | ######## | ||||||||
| Other asset: | 0 | 0 | ||||||||||
| F i x e d assets | ||||||||||||
| Fixed assets - net: | 19,933 | 12,894 | 19,933 | 12,894 | ||||||||
| Intangible assets: | 0 | 0 | ||||||||||
| Total fixed asset | 19,933 | 12,894 | 19,933 | 12,894 | ||||||||
| B a l a n c e : | 17,260,655 | 8,403,358 | ######## | ######## | ||||||||
| Liabilities and shareholders equity | ||||||||||||
| E q u i t y | ||||||||||||
| Options: | 0 | 0 | ||||||||||
| Capital (deficit): | -244,914 | 312,225 | -244,914 | 312,225 | ||||||||
| Capital fund: | 0 | 0 | ||||||||||
| Issued : | 24 | 24 | 24 | 24 | ||||||||
| Premium on shares: | 0 | 1 | ||||||||||
| Shares held by | ||||||||||||
| an associated Co.: | 0 | 0 | ||||||||||
| Dividend: | 0 | 0 | ||||||||||
| Net worth : | -244,890 | 312,249 | -244,890 | 312,249 | ||||||||
| Israeli Business Data Co. ( C. W. ) Ltd. | ||||||||||||
| C u r r e n t liabilities | ||||||||||||
| Short - term loans from | ||||||||||||
| banks and others: | 4,275,529 | 2,150,487 | ######## | ######## | ||||||||
| Trade payables: | 2,509,135 | 3,821,360 | ######## | ######## | ||||||||
| Others payables and | ||||||||||||
| accrued expenses: | 7,230,881 | 2,119,262 | ######## | ######## | ||||||||
| Total current liabilities: | 14,015,545 | 8,091,109 | ######## | ######## | ||||||||
| L o n g - t e r m liabilities | ||||||||||||
| Long - term loans from | ||||||||||||
| banks and others: | 3,490,000 | 0 | ######## | 0 | ||||||||
| Accrued severance pay and | ||||||||||||
| retirement obligations: | 0 | 0 | 0 | 0 | ||||||||
| Others: | 0 | 0 | 0 | 0 | ||||||||
| Total long-term liabilities: | 3,490,000 | 0 | ######## | 0 | ||||||||
| Minority interest: | 0 | 0 | ||||||||||
| B a l a n c e : | 17,260,655 | 8,403,358 | ######## | ######## | ||||||||
| Notes: | Balance sheet - Seen. | |||||||||||
| US$ 1= $ | 1 | |||||||||||
| Israeli Business Data Co. ( C. W. ) Ltd. | ||||||||||||
| Balance Sheet data in percentages. % | ||||||||||||
| Annual turnover : | 100.00% | 100.00% | ||||||||||
| Cost of sale: | 96.39% | 97.00% | ||||||||||
| Gross profit: | 3.61% | 3.00% | ||||||||||
| Administrative costs | 4.37% | 1.64% | ||||||||||
| Trading profit / loss : | -0.76% | 1.36% | ||||||||||
| Financial Expenses: | 0.72% | 0.36% | ||||||||||
| Other income: | 0.00% | 1.00% | ||||||||||
| Income (loss) before tax: | -1.48% | 0.00% | ||||||||||
| Tax: | -0.01% | -0.34% | ||||||||||
| Net profit (loss): | -1.49% | 0.66% | ||||||||||
| Assets. | ||||||||||||
| C u r r e n t assets | ||||||||||||
| Cash and cash | ||||||||||||
| equivalents: | 44.54% | 53.57% | ||||||||||
| Customers / Debtors | 40.64% | 27.38% | ||||||||||
| Inventory: | 14.82% | 19.05% | ||||||||||
| Total current assets: | 99.88% | 99.85% | ||||||||||
| Other asset: | 0.00% | 0.00% | ||||||||||
| Total fixed asset | 0.12% | 0.15% | ||||||||||
| B a l a n c e : | 100.00% | 100.00% | ||||||||||
| E q u i t y | ||||||||||||
| Options: | 0.00% | 0.00% | ||||||||||
| Capital (deficit): | 100.01% | 99.99% | ||||||||||
| Capital fund: | 0.00% | 0.00% | ||||||||||
| Issued : | -0.01% | 0.01% | ||||||||||
| Premium on shares: | 0.00% | 0.00% | ||||||||||
| Shares held by | ||||||||||||
| an associated Co.: | 0.00% | 0.00% | ||||||||||
| Dividend: | 0.00% | 0.00% | ||||||||||
| Net worth : | -1.42% | 3.72% | ||||||||||
| Israeli Business Data Co. ( C. W. ) Ltd. | ||||||||||||
| Liabilities. | ||||||||||||
| Short - term loans from | ||||||||||||
| banks and others: | 30.51% | 26.58% | ||||||||||
| Trade payables: | 17.90% | 47.23% | ||||||||||
| Others payables and | ||||||||||||
| accrued expenses: | 51.59% | 26.19% | ||||||||||
| Total current liabilities: | 81.20% | 96.28% | ||||||||||
| Total long-term liabilities: | 20.22% | 0.00% | ||||||||||
| Minority interest: | 0.00% | 0.00% | ||||||||||
| B a l a n c e : | 100.00% | 100.00% | ||||||||||
| Indicutors: | ||||||||||||
| Current ratio: | 1.23 | 1.04 | ||||||||||
| Quick ratio: | 1.05 | 0.84 | ||||||||||
| Debt to equity ratio: | in deficit. | 25.91 [1] | ||||||||||
| Return on equity: | NM.[2] | 0.66[3] | ||||||||||
| EBITDA: | NA.[4] | NA.[5] | ||||||||||
| Working capital: | 3,225,177 [6] | 299,355 [7] | ||||||||||
| Cash position: | 0.55 [8] | 0.56 [9] | ||||||||||
| Notes: | None. | |||||||||||
| Israeli Business Data Co. ( C. W. ) Ltd. | ||||||||||||
| Business environment | ||||||||||||
| General: | All diamonds trading in Canada are made via the | |||||||||||
| Diamonds Trading Center in Belgium. | ||||||||||||
| Total export of diamonds in years 2006 and 2007 | ||||||||||||
| was $ 2M and $ 2.5 respectively. | ||||||||||||
| The market is dominated by Q.Q.Q4 LLC., T.T.T.G Inc. and | ||||||||||||
| C& C 2010 Inc. | ||||||||||||
| Market shares: USA 53%, Hong Kong 19%, Belgium 8%, Schweitz 6%, | ||||||||||||
| India 2%, 12% others. | ||||||||||||
| Suppliers: | ||||||||||||
| Occasional - local site holders. | ||||||||||||
| Customers: | ||||||||||||
| Local jewelry stores. | ||||||||||||
| Import: | ||||||||||||
| Foreign supplies in EU. | ||||||||||||
| Export: | ||||||||||||
| World wide export. | ||||||||||||
| Bankers: | ||||||||||||
| HSBC (XX-000) | ||||||||||||
| Liens: | 2007 | Lien on payment from local customer XXXx LLC. | ||||||||||
| Confidential and without responsibility. | ||||||||||||