MIRA INFORM REPORT

Report Date :

17.08.2011

IDENTIFICATION DETAILS

Name :	FLAVOURS INTERNATIONAL
Registered Office :	Mufaghar Street, New Wakrah, P O Box 9138, Doha
Country :	Qatar
Date of Incorporation :	25.05.2011
Com. Reg. No.:	14281/7
Legal Form :	Sole Proprietorship
Line of Business :	Distributors of fast moving consumer goods

RATING & COMMENTS

MIRA’s Rating :

NB

RATING		STATUS	PROPOSED CREDIT LINE
----	NB	New Business	----

Maximum Credit Limit :	US$ 5,000
Status :	New Business
Payment Behaviour :	Usually Correct
Litigation :	----

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 – March 31^st, 2011

Country Name	Previous Rating (31.12.2010)	Current Rating (31.03.2011)
Qatar	a2	a2

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

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SUMMARY

Company Name : FLAVOURS INTERNATIONAL

Country of Origin : Qatar

Legal Form : Sole Proprietorship

Registration Date : 25^th May 2011

Commercial Registration Number : 14281/7

Invested Capital : QR 20,000

Total Workforce : 15

Activities : Distributors of fast moving consumer goods

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

Recommended Credit Limit : US$ 5,000

Person Interviewed : Mohamed Shahiz, Accountant

COMPANY NAME

FLAVOURS INTERNATIONAL

company ADDRESS

Registered & Physical Address

Street : Mufaghar Street

Area : New Wakrah

PO Box : 9138

Town : Doha

Country : Qatar

Telephone : (974) 44642023

Facsimile : (974) 44643977 / 44640169

Mobile : (974) 55368083

Email : retailmartqatar@gmail.com

Premises

Subject operates from a small suite of offices and a warehouse that are rented and located in the Central Business Area of Doha.

KEY PRINCIPALS

Name Position

· Abdulrahman Abdullah Ibrahim Al Ansari Proprietor

· Pillipat Thomban Mohamed Aslam General Manager

· T K Jafaar Operation Manager

· Mohamed Shahiz Accountant

LEGAL FORM & OWNERS

Date of Establishment : 25^th May 2011

Legal Form : Sole Proprietorship

Commercial Reg. No. : 14281/7

Invested Capital : QR 20,000

Mr Abdulrahman Abdullah Ibrahim Al Ansari is the sole proprietor of the business.

AFFILIATED COMPANIES

· Aroma International

Doha

· New Indian Supermarket

Doha

· Retail Mart

Doha

· Al Ansari & Partner

Doha

OPERATIONS

Activities: Engaged in the import and distribution of fast moving consumer goods.

Import Countries: Europe and the Far East.

Subject has a workforce of 15 employees.

FINANCIAL DATA

Subject is a newly formed business and as a result financial information is not currently available.

BANKERS

· Doha Bank Ltd

PO Box: 3818

Doha

Tel: (974) 4435444

Fax: (974) 4416631 / 4410625

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

In view of subject’s infancy, extensive payment and financial are not available, therefore dealings are recommended to be on secured terms, and a close monitoring of subject’s business development is advisable.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.25
UK Pound	1	Rs.73.88
Euro	1	Rs.65.06

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
----	NB	New Business	----

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.