MIRA INFORM REPORT

Report Date :

11.04.2011

IDENTIFICATION DETAILS

Name :	SOMER FOODS PTY LTD

Registered Office :	Zb Accounting & Taxation Services, 'Kings Centre' Level 1, 533 Hay Street, Perth Wa 6000

Country :	Australia

Date of Incorporation :	09.04.2008

Legal Form :	Proprietary Company

Line of Business :	subject operates in the import and distribution of food products

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

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)

Australia

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

REGISTERED NAME

SOMER FOODS PTY LTD

ACN: 130 539 972

ABN: 39 130 539 972

CORPORATE SEARCH

Incorporation State: WA

Incorporation Date: 09 APR 2008

Registered Office

ZB ACCOUNTING & TAXATION SERVICES

'KINGS CENTRE' LEVEL 1,

533 HAY STREET,

PERTH

WA 6000

Registered Charges: 2

ESANDA FINANCE CORPORATION LIMITED (004346043)

1700489

Registered 01 OCT 2008

Fixed

ESANDA FINANCE CORPORATION LIMITED (004346043)

1700493

Registered 01 OCT 2008

Fixed

Current Directors Total: 1

HAMZA ALBIRKAWI 09 APR 2008

14 MONACO Place DIANELLA, Western Australia

DOB: 06 FEB 1966

Current Secretaries Total: 1

HAMZA ALBIRKAWI 09 APR 2008

Share Structure - Classes Total: 1

ORD ORDINARY SHARES: 12 – Amount paid: $12

Shareholders Total: 1

ORD 12 - HAMZA ALBIRKAWI

BUSINESS STRUCTURE

TRADING ADDRESS 106 Mulugul Rd

MALAGA, WA 6069

TELEPHONE (618) 9349 0063

FACSIMILE (618) 9248 9768

BANK ANZ BANKING GROUP

EMPLOYEES 3

BACKGROUND

The subject was incorporated in Western Australia on 9 April 2008 to commence operations under the current style as a new venture.

OPERATIONS

The subject operates in the import and distribution of food products.

Activities are conducted from premises located at the above listed trading address.

ADVERSE

A search of failed to trace any adverse findings listed against the subject at that date.

FINANCES

The subject is not required to lodge financial statements with the Australian Securities and Investments Commission.

During the current interview conducted with Director Hamza Albirkawi, he confirmed the subjects search and operational details before forwarding all queries pertaining to the subjects financial position to external accountant Zahra (08 9221 744)

During the current interview conducted with Zahra he advised that he would first obtain permission from the subjects director before releasing financial information.

After consulting with the subjects Director, Zahra , declined to release any details pertaining to the subjects financial position.

Details in this regard were subsequently unable to be obtained.

TRADE SURVEY

A trade survey on the subject traced the following accounts:

1. (Benjamin Food) Nominated supplier failed to trace an account for the subject.

SUMMARY

The subject was incorporated in Western Australia on 9 April 2008 to commence operations under the current style as a new venture.

Details pertaining to the subjects financial and trading position were unable to be obtained for the current enquiry.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.04
UK Pound	1	Rs.72.20
Euro	1	Rs.63.40

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.