MIRA INFORM REPORT

Report Date :

06.04.2011

IDENTIFICATION DETAILS

Name :	BRIGHT STAR TRADING FZE

Registered Office :	Hamriyah Free Zone, P O Box 50744, Sharjah

Country :	United Arab Emirates

Date of Incorporation :	06.10.2008

Legal Form :	Free Zone Establishment

Line of Business :	General Trade Licence

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate

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 – December 31, 2010

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

United Arab Emirates

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

SUMMARY

Company Name : BRIGHT STAR TRADING FZE

Country of Origin : Sharjah, United Arab Emirates

Legal Form : Free Zone Establishment - FZE

Registration Date : 6^th October 2008

Trade Licence Number : 4437

Issued Capital : UAE Dh 1,000,000

Paid up Capital : UAE Dh 1,000,000

Total Workforce : 1

Activities : General trade licence

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

COMPANY NAME

BRIGHT STAR TRADING FZE

company ADDRESS

Registered & Physical Address

Location : Hamriyah Free Zone

PO Box : 50744

Town : Sharjah

Country : United Arab Emirates

Telephone : (971-4) 2586581

Facsimile : (971-4) 2586581

Premises

Subject operates from a small suite of offices that are rented and located in the Hamriyah Free Zone Area of Sharjah.

KEY PRINCIPALS

Name Position

· Shamin Ahmed Managing Director

LEGAL FORM & OWNERS

Date of Establishment : 6^th October 2008

Legal Form : Free Zone Establishment - FZE

Trade Licence No. : 4437 (Expires 05/10/2011)

Issued Capital : UAE Dh 1,000,000

Paid up Capital : UAE Dh 1,000,000

Name of Shareholder (s) Percentage

· Shamin Ahmed 100%

OPERATIONS

Activities: Subject operates a general trade licence, enabling it to distribute general merchandise.

Subject has a workforce of 1 employee.

FINANCIAL DATA

Companies registered in Sharjah, United Arab Emirates are not legally required to make their accounts public and no financial information was released by the company or submitted by outside sources.

BANKERS

· Emirates Bank International Ltd

Immigration Road

PO Box: 25090

Sharjah

Tel: (971-6) 5733300

Fax: (971-6) 5730077

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

Local sources were unable to make direct contact with the subject as the registered contact numbers were not working.

During the course of this investigation nothing detrimental was uncovered regarding subject’s operating history or the manner in which payments are fulfilled.

In view of the above comments we would recommend a measure of caution when dealing with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.45
UK Pound	1	Rs.71.59
Euro	1	Rs.63.01

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

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

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