MIRA INFORM REPORT

Report Date :

06.01.2011

IDENTIFICATION DETAILS

Name :	NAJMATH INTERNATIONAL UNITED LLC
Registered Office :	Walja Area, P O Box 1802, Muttrah 114
Country :	Oman
Date of Incorporation :	31.01.2010
Com. Reg. No.:	1/08318/1
Legal Form :	Limited Liability Company
Line of Business :	Distributors of general foodstuff products and building materials

RATING & COMMENTS

MIRA’s Rating :

B

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

Maximum Credit Limit :	US$ 75,000
Status :	New Company
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 – June 30, 2010

Country Name	Previous Rating (01.04.2010)	Current Rating (30.06.2010)
Oman	a2	a2

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

SUMMARY

Company Name : NAJMATH INTERNATIONAL UNITED LLC

Country of Origin : Oman

Legal Form : Limited Liability Company – LLC

Registration Date : 31^st January 2010

Commercial Registration Number : 1/08318/1

Chamber Membership Number : 11750

Issued Capital : RO 150,000

Paid up Capital : RO 150,000

Total Workforce : 4

Activities : Distributors of general foodstuff products and building materials.

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

Recommended Credit Limit : US$ 75,000

COMPANY NAME

NAJMATH INTERNATIONAL UNITED LLC

company ADDRESS

Registered & Physical Address

Location : Walja Area

PO Box : 1802

Town : Muttrah 114

Country : Oman

Telephone : (968) 24836383

Facsimile : (968) 24836383

Mobile : (968) 99385693 / 99388729

Email : amtce.mtr@gmail.com / padiyathismail@gmail.com

Premises

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

KEY PRINCIPALS

Name Nationality Position

· Mohamed Ismail Indian Managing Director

· Najmath Kalabar Indian Director

· Salem Rashid Al Reyami Omani Director

LEGAL FORM & OWNERS

Date of Establishment : 31^st January 2010

Legal Form : Limited Liability Company – LLC

Commercial Reg. No. : 1/08318/1

Chamber Member No. : 11750

Issued Capital : RO 150,000

Paid up Capital : RO 150,000

Name of Shareholder (s)

· Mohamed Ismail

· Najmath Kalabar

· Salem Rashid Al Reyami

OPERATIONS

Activities : Engaged in the import and distribution of general foodstuff products and building

materials.

Import Countries : Europe and GCC countries.

Subject has a workforce of 4 employees.

FINANCIAL DATA

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

BANKERS

· Bank of Baroda

Muttrah Corniche Branch

PO Box: 7231, Jibroo 114

Muscat

Tel: (968) 24714549 / 24712367

Fax: (968) 24714560

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

Local sources report that payment obligations are met in a generally timely manner and the operating history is clear. As such the company is deemed a fair trade risk and the above credit figure is considered to be within subject’s financial means.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.20
UK Pound	1	Rs.70.27
Euro	1	Rs.59.99

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.