MIRA INFORM REPORT

Report Date :

18.01.2011

IDENTIFICATION DETAILS

Name :	GREEN EMERALD COMPANY

Registered Office :	Green Emerald Factory Building, South Ring Road, Hay Al Faysaliya, P.O.Box No. 21287, Riyadh 11475

Country :	Saudi Arabia

Date of Incorporation :	26.08.2000

Com. Reg. No.:	1010160900

Legal Form :	Limited Liability Company with the following shareholders

Line of Business :	Manufacturers of jewellery

RATING & COMMENTS

MIRA’s Rating :

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 – June 30, 2010

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

Saudi Arabia

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

Company NAME

Green Emerald Company

Company ADDRESS

Building : Green Emerald Factory Building

Street : South Ring Road

Area : Hay Al Faysaliya

P.O.Box No. : 21287

Town : Riyadh 11475

Country : Saudi Arabia

Telephone : (966 1) 242 3238

Fax : (966 1) 242 3239

E-Mail : gre_emr@yahoo.com

Also known as : Green Emerald Industrial And Trading Factory

SENIOR COMPANY PERSONNEL

Name Position

1. Adeeb Mohammed Idriss General Manager

2. Saeed Judi Financial & Administrative Manager

Total Employees : 60

PAYMENTS

No complaints have been heard regarding payments from local suppliers or banks.

We consider it is acceptable to deal with subject for MEDIUM amounts,

however in view of the lack of financial information we recommend

international suppliers exercise a degree of caution.

Trade risk assessment : Normal

PRINCIPAL BANKERS

NAME : AL RAJHI BANK

Branch : Main branch

PO Box : 28

Town : Riyadh 11411

Telephone : (966 1) 405 4244

Fax : (966 1) 405 2950

Subject also has another account with :

National Commercial Bank (Al Ahli)

Al Batha

PO Box 34

Riyadh 11495

Telephone: (966 1) 402 5084

Fax : (966 1) 402 0981

FINANCIAL INFORMATION

Private companies in Saudi Arabia are not required to publish or disclose balance sheets. Balance sheets are not available from other sources, and the subject interviewed declined to give any financial information, which the company regards as strictly confidential.

LEGAL STATUS AND HISTORY

Date Started : 26 August 2000 (26/05/1421 H)

C.R. No. : 1010160900 (expiry date: 16/03/2015 / 25/05/1436 H)

RCCI Membership No. : 104581

Industrial License No. : 40/S

Authorised Capital : SR 1,000,000

Paid-Up Capital : SR 1,000,000

Limited Liability Company with the following shareholders :

Percentage

1. Adeeb Mohammed Idriss 90%

(Saudi national)

2. Wife of Adeeb Mohammed Idriss 10%

ACTIVITIES

The Company is involved in the following activities :

Manufacturers of jewellery.

Trading as importers and retailers of jewellery.

Imports mainly from India and China.

Subject only sells locally and does not engage in re-export business.

FACILITIES

The Company has the following facilities :

Owned office premises, a retail outlet, a manufacturing unit and storage facilities located at the heading address.

SPECIAL NOTE

Interviewed: Saeed Judi (Financial & Administrative Manager).

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.59
UK Pound	1	Rs.72.31
Euro	1	Rs.60.73

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.