MIRA INFORM REPORT

Report Date :

12.12.2011

IDENTIFICATION DETAILS

Name :	TASHAROUKIAT ASSADAKA FOR BUILDING MATERIALS IMPORT
Registered Office :	Highway End, Bevi Direction, Tripoli
Country :	Libya
Year of Establishment :	1989
Legal Form :	Legal Structure Not Ascertained
Line of Business :	Wholesale of wood, construction materials and sanitary equipment
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B

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

Status :	Moderate
Payment Behaviour :	No Complaints
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 – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
Libya	B1	B1

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

Company name

Tasharoukiat Assadaka for Building Materials Import

Registration Briefing

Registration Number: N/A

Registration Date: N/A

Legal Form: LEGAL STRUCTURE NOT ASCERTAINED

Latest Financials: N/A

Financial Briefing

Nominal Capital: N/A

Issued Capital: N/A

Turnover: N/A

Net Profit: N/A

Net Worth: N/A

Original Investigation Details

Company Name: Tacharoukiet Assadaka Listirad Mawad Al Binaa

Country: LI

Street Name:

City Code: Zliten

Phone Number: 00218 21 46 22 446/00218 14 62 45 46/00218 91 22 2

Company Details

Company Name: Tasharoukiat Assadaka for Building Materials Import

Headquarter Address: Highway End, Bevi Direction,

Tripoli,

Libya

Postal Address: P.O.Box 4347

Telephone: +218 214622446

+218 217231344

+218 912150095

+218 912222568

+218 924622446

Fax: +218 217231344

E‑Mail: info@ais.ly

Web Site: www.ais.ly

Company was originally started on 1989

Registration & Legal Details

Current Legal Form: LEGAL STRUCTURE NOT ASCERTAINED

Registration Address: Tripoli,

Tripoli

Year/Date Company Established: 1989

Capital

Capital is NOT disclosed.

Shareholders

Information on Shareholders is not available/applicable

Principals

Name: Mr Ahmad Ibn Arous

Position within the company: Public relations Manager

Country of Birth: Libya

Nationality: Libyan

Can fluently speak: Arabic & English

Education: Graduate University

Name: Mr Ali Bin Saleen

Position within the company: General manager

Additional Information: Founder

Country of Birth: Libya

Nationality: Libyan

Can fluently speak: English & Arabic

Company Activities

NACE Codes: 4673 Wholesale of wood, construction materials and sanitary equipment

The company is an importer of building materials, bathrooms & kitchens, bathroom furniture and accessories, mixers, water

& plumping accessories, bathtub and Jacuzzi, shower cabins, and metal pipes and pex accessories.

Local Reporters consider the investigated company to be MEDIUM in their field of concern.

Operations

HQ Premises Operates from: Office

Location: Central Business Area

Branches Tripoli,

Libya

Description of branch: Showroom

Misurata,

Libya

Zliten,

Libya

Imports

Import % and type of product: Imports Raw Materials, 100% Finished Goods

Imports From: Spain, Italy, France, Egypt, China, Turkey

Importing Terms: Cash against documents

Subject's Suppliers: Company Name: Sopal Company

Address: Tunisia

Company Name: EJIM Company

Address: Tunisia

Company Name: AMS Company

Address: Tunisia

Company Name: Ideal Sanitare Company

Address: Tunisia

Agencies:

General Plastic Company Tunisia

Ravak Company Czech Republic

Turkuaz Company Turkey

Erkim Construction Chemicals Turkey

Erbosan Company Turkey

Goffi Industry Company Italy

Arcos Company Tunisia

Plaming Company Bosnia and Herzegovina

Exports

Export % and type of product: Subject does not export

Trading & Selling

Territory: 100% Nationally

Type of Customer: General Public, wholesaler, Retailer

Related Companies

Subsidiaries

Affiliates

Information on Related Companies is not available/applicable

Bankers

Information on Bankers is not available/applicable

Payments

Subject's payments reported to be: NO COMPLAINTS

Interview & Reporter Comments

Name/Title: Mr. Ahmad Bin Arous Public relations Manager

Comment: Subject has confirmed the general details shown in the report.

Reporter Comment: We have contacted Subject Company and we talked to Mr. Ahmad Bin Arous,

subject's public relation manager, who asked us to send him a written request for

the information in order to fill it and send it back as soon as the General Manager

is back from his business trip.

However, the information provided in our report was gathered from internet, current

contacts with the company, as well as previous interview with subject. and as soon

as we receive additional information we shall send it to you at once.

It was reported that the company name is "Tasharoukiat Assadaka for Building

Materials Import".

P.S. Subject's land line phone numbers are currently out of service due to recent

crises in the country, they expecting it to re‑work within a month.

Conclusions

Accounts Comments: Full Financial Statements were unavailable to local analysts so a complete and

accurate picture of the financial strength of the company could not be ascertained.

Our assessment and ratings are therefore based on non‑financial data.

Local Reputation: The company being investigated is believed by local reporters to be a Medium Trade

Risk.

General Conclusion: Subject not legally obliged to produce or publish accounts

Owner/Shareholders Comments:Some of the owners / shareholders have an active participation in the running of the business.

Age of Business: The company is long established in the local market.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.52.23
UK Pound	1	Rs.81.55
Euro	1	Rs.69.60

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.