MIRA INFORM REPORT

Report Date :

9^th May 2006

RATING & COMMENTS

MIRA’s Rating :

C

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	No Trace
Payment Behaviour :	--
Litigation :	--

GENERAL OBSERVATIONS

COMPANY NAME

POWER WLL TRADE K SERVICES

ADDRESS

Registered & Physical Address

Street : Wlkalat Street, Between 29 Street and 30 Street

Area : Industrial Area

Town : Doha

Country : Qatar

GENERAL COMMENTS

Opinion on the credit figure of US$ 15,000,000:

Upon investigation local sources were unable to locate a company called “Power WLL Trade K Services” in Doha. They also consulted local business directories and journals, as well as the local telephone operator however there was no mention of the subject of your enquiry.

Enquiries made with the Doha Chamber of Commerce also proved unsuccessful as they had no listing under the name of “Power WLL Trade K Services”.

Should you be able to provide us with any further information on the subject of your enquiry we shall re-investigate and endeavour to send you a full report as soon as possible.

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	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.	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

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