MIRA INFORM REPORT

Report Date :

21.12.2011

IDENTIFICATION DETAILS

Name :	LIMRA CORPORATION SARL

Registered Office :	3 Rue Calavon, Boulevard Abdelmoumen Casablanca

Country :	Morocco

Date of Incorporation :	19.11.2007

Com. Reg. No.:	173405

Legal Form :	Societe A Responsibilite Limitee

Line of Business :	Non‑specialised wholesale trade

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Undetermined
Payment Behaviour :	Unknown
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 – September 30, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Morocco

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

Company name

LIMRA CORPORATION SARL

Registration Briefing

Registration Number: 173405

Registration Date: 19/11/2007

Legal Form: SOCIETE A RESPONSIBILITE LIMITEE

Latest Financials: N/A

Financial Briefing

Nominal Capital: 100,000 Moroccan Dirham

Issued Capital: N/A

Turnover: N/A

Net Profit: N/A

Net Worth: N/A

Company Details

Company Name: LIMRA CORPORATION SARL

Headquarter Address: 3 Rue Calavon, Boulevard Abdelmoumen,

Casablanca,

Morocco

E‑Mail: info@limra.ma

Web Site: www.limra.ma

Company was originally started on 19/11/2007

Registration & Legal Details

Current Legal Form: SOCIETE A RESPONSIBILITE LIMITEE

Registration Address: 3 Rue Calavon, Boulevard Abdelmoumen,

Casablanca

Registration Number: 173405

Registration Date: 19/11/2007

Year/Date Company Established: 19/11/2007

Registration Town: Casablanca

Capital

Currency: Moroccan Dirham

Authorized Capital: 100,000

Shareholders

Information on Shareholders is not available/applicable

Principals

Name: Mr Nadeem Akhtar Khan

Position within the company: Manager

Date of Birth: 25/12/1971

Nationality: Indian

Name: Mr Wassem Khan

Position within the company: Manager

Date of Birth: 11/04/1981

Nationality: Indian

Company Activities

NACE Codes: 4690 Non‑specialised wholesale trade

Operations

HQ Premises Operates from: Office

Location: Central Business Area

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: UNDETERMINED

Interview & Reporter Comments

Comment: Latest Financial Statements are not currently available.

We have been unable to contact a company official.

Reporter Comment: Please note that the telephone number mentioned in the enquiry : 212522 231482 is out of service.

Also the fax number found in the website : www.limra.ma, 212522 862175 does not

belong to the company LIMRA CORPORATION.

Local telephone directory was checked and it was proved that the said company

was not registered. So we are unable to approach the said company you are

investigating.

An email was sent to the subject adress : info@limra.ma, however there is no reply

was received as of yet.

The Latest Financial Statements are not available at the Companies Registry.

The above mentioned information was obtained from the Casablanca Commercial

Court.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.03.
UK Pound	1	Rs.82.34
Euro	1	Rs.68.99

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.