MIRA INFORM REPORT

Report Date :

25.01.2011

IDENTIFICATION DETAILS

Correct Name :	AL SHEHILI FACTORY

Registered Office :	New Al Kharj Road, Exit No. 18, Al Manakh, P O Box 27600, Riyadh 11427

Country :	Saudi Arabia

Date of Incorporation :	02.07.1996

Com. Reg. No.:	1010142638, Riyadh

Legal Form :	Sole Proprietorship

Line of Business :	Manufacturers of trailers, mixer, tipper and dry cargo trucks and refrigerated boxes

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	US$ 200,000
Status :	Satisfactory
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

SUMMARY

Company Name : AL SHEHILI FACTORY

Country of Origin : Saudi Arabia

Legal Form : Sole Proprietorship

Start Date : 1981

Registration Date : 2^nd July 1996

Commercial Registration Number : 1010142638, Riyadh

Chamber Membership Number : 78699

Invested Capital : SR 500,000

Total Workforce : 300

Activities : Manufacturers of trailers, mixer, tipper and dry cargo trucks and

refrigerated boxes.

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

Recommended Credit Limit : US$ 200,000

COMPANY NAME

AL SHEHILI FACTORY

company ADDRESS

Registered & Physical Address

Location : New Al Kharj Road, Exit No. 18, Al Manakh

PO Box : 27600

Town : Riyadh 11427

Country : Saudi Arabia

Telephone : (966-1) 2820397 / 2410505

Facsimile : (966-1) 2820505

Mobile : (966-54) 3258434

Email : alshehili@alshehili.com

Premises

Subject operates from a suite of offices and a factory, covering 65,000 square metres that are rented and located in the Industrial Area of Riyadh.

KEY PRINCIPALS

Name Position

· Fahd Nasser Al Shehili Proprietor & General Manager

LEGAL FORM & OWNERS

Date of Establishment : 1981, however subject was registered on 2^nd July 1996

Legal Form : Sole Proprietorship

Commercial Reg. No. : 1010142638, Riyadh

Chamber Member No. : 78699

Invested Capital : SR 500,000

Mr Fahd Nasser Al Shehili is the sole proprietor of the business.

AFFILIATED COMPANIES

· Al Shehili Ready Mix Concrete Factory

PO Box: 27600

Riyadh 11427

Tel: (966-1) 2411111

Fax: (966-1) 2414418

CR No. 1010245902

OPERATIONS

Activities: Engaged in the manufacture of trailers, mixer, tipper and dry cargo trucks and refrigerated boxes.

Subject was ISO 9001 accredited in 2003.

Import Countries: Europe and the Far East.

Subject has a workforce of approximately 300 employees.

FINANCIAL DATA

Companies registered in Saudi Arabia are not legally required to make their accounts public and no financial information was released by the company or submitted by outside sources.

BANKERS

· National Commercial Bank

Malaz Branch

PO Box: 42536

Riyadh 11551

Tel: (966-1) 4776450

Fax: (966-1) 4769502

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

During the course of this investigation nothing detrimental was uncovered regarding subject’s operating history or the manner in which payments are fulfilled. As such the business is considered to be a fair trade risk.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.58
UK Pound	1	Rs.72.79
Euro	1	Rs.62.01

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.