MIRA INFORM REPORT

Report Date :

21.01.2011

IDENTIFICATION DETAILS

Name :	PRO-CHEF INTERNATIONAL (FZE)

Registered Office :	Sharjah Airport Free Zone, Saif Zone, P.O. Box 9416, Sharjah

Country :	United Arab Emirates

Year of Establishment :	2010

Legal Form :	Free Zone Establishment

Line of Business :	Trading in kitchen and bakery equipment and related spare parts

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
----	NB	New Business	----

Status :	New Company

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 – June 30, 2010

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

United Arab Emirates

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

Company NAME

Pro-Chef International (FZE)

company ADDRESS

Area : Sharjah Airport Free Zone, Saif Zone

P.O. Box : 9416

Town : Sharjah

Country : United Arab Emirates

Telephone : (971 50) 481 6452 unobtainable (out of order)

E-mail : prochef.intl@gmail.com

SENIOR COMPANY PERSONNEL

Name Position

Riji Barham Managing Director

PAYMENTS

No trade experience of payments is available.

Subject is a newly established company incorporated in 2010.

Our local sources could not contact the subject and obtain a direct interview. According to our subject’s telephone number is as above. This number is currently unobtainable (out of order). No other number is listed for the subject at the local telephone directory.

Information in this report was obtained from the Official Companies Registry and third party sources.

Opinion on maximum credit : As the company has recently started trading and has no financial or payment track record, we recommend dealing on fully secured terms.

Trade risk assessment : High

PRINCIPAL BANKERS

Details of subject’s bankers could not be learnt.

FINANCIAL INFORMATION

As the Company has only recently started trading, relevant financial information is not available.

LEGAL STATUS AND HISTORY

Date Started : 2010

Capital : not given

Free Zone Establishment (single shareholder limited liability company) with the following sole shareholder:

Riji Barham

(Indian national)

* According to Sharjah Airport International Free Zone (SAIF-Zone), established in 1995, a legally capable person natural or juridical can register a Free Zone Establishment (FZE) which must have only one owner (shareholder).To operate from within the SAIF-Zone, a Free Zone Company (FZC) has to be incorporated with two or more legally capable persons natural or juridical. In normal cases the maximum number of shareholders is up to 5 and if approved by the SAIF-Zone management the maximum number of shareholders can go up to 7 shareholders. The minimum amount of capital required for both FZEs and FZCs is Dh 50,000/- or its equivalent in US Dollars. Liability shall be limited to the FZE's share capital.

ACTIVITIES

The Company is involved in the following activities:

Trading in kitchen and bakery equipment and related spare parts.

FACILITIES

The Company has the following facilities:

Rented premises located at the heading address.

SPECIAL NOTE

Interviewed: Third Party Sources.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.58
UK Pound	1	Rs.72.73
Euro	1	Rs.61.45

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.