MIRA INFORM REPORT

Report Date :

17.09.2007

IDENTIFICATION DETAILS

Name :	SIDRAH ORIENT ART
Registered Office :	H.C.Ørsteds Vej 61 st.th., DK-1879 Frederiksberg C
Country :	Denmark
Date of Incorporation :	01.10.2001
Legal Form :	Sole Proprietorship
Line of Business :	Retail trade in carpets from the orient

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	EUR 2.000
Status :	Small Company
Payment Behaviour :	No Complaints
Litigation :	Clear

COMPANY’S NAME

SIDRAH ORIENT ART

ADDRESS

H.C.Ørsteds Vej 61 st.th.

DK-1879 FREDERIKSBERG C

TELEPHONE-NO +45 35 36 13 21

LOCAL CURRENCY

D K K

FOUNDATION

01.10.2001

CENTRAL BUSINESS-REG-NO

26-16-51-80

EU-VAT-ID-NO

DK26165180

LEGAL FORM

Sole proprietorship

OWNER

Mr. Misbah Khawar

ACTIVITY

Retail trade in carpets from the orient

EMPLOYEES

Owner only

TURNOVER

With reference to section 32 of the Danish Annual Accounts Act, the turnover is not disclosed of competitive considerations.

Third parties estimated to DKK 400.000,00 p.a.

RELATED COMPANIES

None known

FINANCIAL STANDING

Seem to be orderly.

However, a closer insight was not possible. Accounts are not published or made available

REAL ESTATE

Facilities are rented

PAYMENTS

Nothing detrimental has been noted

BANKERS

Not learned

CREDIT OPINION

Business connection admissible

MAX CREDIT 30 DAYS

EUR 2.000

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.	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
NR		In view of the lack of information, we have no basis upon which to recommend credit dealings	No Rating

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%)

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