MIRA INFORM REPORT

Report Date :

27.01.2011

IDENTIFICATION DETAILS

Name :	Huda Al Zadjali Trading

Registered Office :	Mutteh Souq, 42 Muscat 114, Muscat

Country :	Oman

Date of Incorporation :	04.06.1997

Com. Reg. No.:	1557696

Legal Form :	Proprietorship Concern

Line of Business :	Importers and Retailers of General Merchandise Including Novelties, National Omani Dress, Gift Items and Shawls.

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 :	RO 10000
Status :	Small 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)

Oman

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

Company name and address

HUDA AL ZADJALI TRADING

Building : Shop No. 84

Street : Corniche Street

Area : Muttrah Souq (aka Muttrah Market)

P.O. Box : 42 Muscat 114

Town : Muscat

Country : Oman, Sultanate of

Telephone : (968) 2471 3236 / Mobile (968) 9965 0939

Fax : (968) 2471 3236 (ask for fax)

Also Known As : Huda Al Zadjali Trading Est.

SENIOR COMPANY PERSONNEL

Name Position

1. Huda Mohammed Ali Saleh Al Zadjali Owner

2. Sanaji Qazi General Manager

3. Riyad Ahmed Sales Executive

Total Employees: 4

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 : RO 10,000

Trade risk assessment : Normal

Opinion on the credit figure of US DLRS 150,000 :

The above figure is much higher than normally seen in one amount, however could prove admissible in a series of transactions provided the total indebtedness is strictly monitored.

PRINCIPAL BANKERS

NAME : OMAN INTERNATIONAL BANK

Branch : Main Branch

Street : Off Sultan Qaboos Street

PO Box : 1727 C.P.O. Seeb 111

Town : Muscat

Telephone : (968) 2468 2500

Fax : (968) 2468 2800

Subject also has an account with :

Bank Muscat (SOAG)

Main Branch

Al Burj Street, Muttrah Commercial District 1073

PO Box 134

Ruwi 112

Telephone : (968) 2470 3044 / 2478 8638 / 2470 8653

Fax : (968) 2478 9886

FINANCIAL INFORMATION

Private companies in Oman are not required to publish or disclose

balance sheets. However, the subject interviewed offered the

following information :

Sales Turnover : RO 300,000 - 2010 - approx

Net Profit : not given

Financial year ends 31 December.

LEGAL STATUS AND HISTORY

Date Started : 4 June 1997

C.R. No. : 1557696 (expiry date: 3 June 2012)

Chamber of Commerce Membership No. : 44649 (issued on: 5 April 2001,

expiry date: 4 April 2011)

Capital : not applicable

Proprietorship owned by Huda Mohammed Ali Saleh Al Zadjali (Omani national).

ACTIVITIES

The Subject is involved in the following activities :

Importers and retailers of general merchandise including novelties, national Omani dress, gift items and shawls.

Imports from India and China

Exports occasionally to Dubai (UAE).

FACILITIES

The Subject has the following facilities :

Rented office premises and a retail outlet with storage facilities

located at the heading address.

SPECIAL NOTE

Interviewed : Riyad Ahmed (Sales Executive).

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.53
UK Pound	1	Rs.72.79
Euro	1	Rs.62.14

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 Company	----

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.