MIRA INFORM REPORT

Report Date :

20.01.2011

IDENTIFICATION DETAILS

Correct Name :	AL NAWAR CORNER TRADING EST. FOR REEM AHMED FIKRAT HASHEM

Registered Office :	Al Ehsa Street, Al Malaz Area, Next to Al Dawleyah Building, P.O. Box 19012, Riyadh 11435

Country :	Saudi Arabia

Date of Incorporation :	20.12.2004

Com. Reg. No.:	1010204113

Legal Form :	Proprietorship Concern

Line of Business :	importers and distributors of restaurant supplies

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 :	SR 300,000
Status :	Small Concern
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

Al Nawar Corner Trading Est. For Reem Ahmed Fikrat Hashem (Correct)

ALNWAR CORNAR (Requested)

company ADDRESS

Street : Al Ehsa Street

Area : Al Malaz Area, Next to Al Dawleyah Building

P.O. Box : 19012

Town : Riyadh 11435

Country : Saudi Arabia

Telephone : (966 1) 474 4057

Fax : (966 1) 477 4087

Also Known as : Alnwar Cornar

SENIOR COMPANY PERSONNEL

Name Position

1. Reem Ahmed Fikrat Hashem Owner

2. Mohammed Al Dukmaq General Manager

3. Bilal Al Dukmaq Sales Manager

Total Employees : 8

PAYMENTS

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

We consider it is acceptable to deal with subject for SMALL amounts.

Opinion on maximum credit : SR 300,000

Trade risk assessment : Normal

PRINCIPAL BANKERS

NAME : NATIONAL COMMERCIAL BANK (AL AHLI)

Branch : Al Batha

PO Box : 34

Town : Riyadh 11495

Telephone : (966 1) 402 5084

Fax : (966 1) 402 0981

Subject also has an account with:

Banque Saudi Fransi

Ma'ther Street

PO Box 56006

Riyadh 11554

Telephone : (966 1) 404 2222

Fax : (966 1) 404 2311

FINANCIAL INFORMATION

Private companies in Saudi Arabia are not required to publish or

disclose balance sheets. However, the subject interviewed offered

the following information :

Sales Turnover : SR 12,000,000 – 2009 – exact

: SR 14,000,000 – 2010 - exact

Net Profit : not given but stated to be profitable

Financial year ends 31 December.

LEGAL STATUS AND HISTORY

Date Started : 20 December 2004 (08/11/1425 H)

C.R. No. : 1010204113 (expiry date: 03/09/2014 / 08/11/1435 H)

Capital : not applicable

Proprietorship business owned by Reem Ahmed Fikrat Hashem (Mrs) (Saudi Arabian national).

ACTIVITIES

The Company is involved in the following activities:

Trading as importers and distributors of restaurant supplies.

Subject also provides packaging solutions to restaurants.

Imports from China, Malaysia, Syria and GCC countries.

Exports to Syria and GCC countries.

FACILITIES

The Company has the following facilities:

Rented premises comprising administrative offices with integrated storage facilities located at the heading address.

SPECIAL NOTE

You enquired on : ALNWAR CORNAR. Please note that subject is also known by this name. Subject's correct registered name is as per heading.

Interviewed: Bilal Al Dukmaq (Sales Manager).

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.38
UK Pound	1	Rs.72.71
Euro	1	Rs.61.15

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

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.