MIRA INFORM REPORT

Report Date :

13.01.2011

IDENTIFICATION DETAILS

Name :	ABDULLAH AL YASI BUILDING MATERIAL TRADING LLC

Registered Office :	Almanal Building, Flat No. 109 Deira PO Box 34599 & 120265 Dubai

Country :	United Arab Emirates

Date of Incorporation :	24.05.2009

Com. Reg. No.:	1044361, Dubai

Legal Form :	Limited Liability Company - LLC

Line of Business :	Distributors of building materials and construction equipment

RATING & COMMENTS

MIRA’s Rating :

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

Maximum Credit Limit :	US$ 50,000

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)

UAE

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

SUMMARY

Company Name : ABDULLAH AL YASI BUILDING MATERIAL TRADING LLC

Country of Origin : Dubai, United Arab Emirates

Legal Form : Limited Liability Company - LLC

Registration Date : 24^th May 2009

Commercial Registration Number : 1044361, Dubai

Trade Licence Number : 625075

Chamber Membership Number : 174048

Issued Capital : UAE Dh 300,000

Paid up Capital : UAE Dh 300,000

Total Workforce : 4

Activities : Distributors of building materials and construction equipment

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

Recommended Credit Limit : US$ 50,000

COMPANY NAME

ABDULLAH AL YASI BUILDING MATERIAL TRADING LLC

ADDRESS

Registered & Physical Address

Building : Almanal Building, Flat No. 109

Area : Deira

PO Box : 34599 & 120265

Town : Dubai

Country : United Arab Emirates

Telephone : (971-4) 2267462

Facsimile : (971-4) 2267421

Premises

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

KEY PRINCIPALS

Name Nationality Position

· Vishant Verma Gulshan Kumar Indian Managing Director

· Abdullah Abdulaziz Mohamed Hassan Al Yasi Emirati Director

LEGAL FORM & OWNERS

Date of Establishment : 24^th May 2009

Legal Form : Limited Liability Company - LLC

Commercial Reg. No. : 1044361, Dubai

Trade Licence No. : 625075 (Expires 20^th May 2011)

Chamber Member No. : 174048

Issued Capital : UAE Dh 300,000

Paid up Capital : UAE Dh 300,000

Name of Shareholder (s) Percentage

· Abdullah Abdulaziz Mohamed Hassan Al Yasi 51%

· Vishant Verma Gulshan Kumar 49%

OPERATIONS

Activities: Engaged in the import and distribution of building materials and construction equipment.

Import Countries: Europe and the Far East.

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

· Union National Bank

PO Box: 38660

Dubai

Tel: (971-4) 2211188

Acc No. 4201008677

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.45.16
UK Pound	1	Rs.70.64
Euro	1	Rs.58.68

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.