MIRA INFORM REPORT

Report Date :

28.01.2011

IDENTIFICATION DETAILS

Name :	Leen Gulf Trading Est

Registered Office :	Rado Showroom Building, Ground Floor, Next to the big mosque, Al Siteen Street, Al Malaz Area, P.O. Box – 27399, Riyadh 11417

Country :	Saudi Arabia

Date of Incorporation :	12.04.2009

Com. Reg. No.:	1010265974

Legal Form :	Proprietorship Concern

Line of Business :	Trading as distributors and retailers of IT products

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 100,000
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)

Saudi Arabia

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

COMPANY NAME

Leen Gulf Trading Est.

COMPANY ADDRESS

Building : Rado Showroom Building, Ground Floor, Next to the big mosque

Street : Al Siteen Street

Area : Al Malaz Area

P.O. Box : 27399

Town : Riyadh 11417

Country : Saudi Arabia

Telephone : (966 1) 477 0336

Fax : (966 1) 477 0336

SENIOR COMPANY PERSONNEL

Name Position

1. Salem Al Mutairy Owner

2. Basheer Aziz Ahmed General Manager

3. Shawlamni Hameed Sales Manager

Total Employees : 5

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 100,000

Trade risk assessment : Normal

PRINCIPAL BANKERS

NAME : AL RIYADH BANK

Branch : Main branch

P.O. Box : 22622

Town : Riyadh 11416

Telephone : (966 1) 401 3030

Fax : (966 1) 404 2707

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 4,000,000 - 2009 – exact

: SR 4,500,000 – 2010 - exact

Net Profit : not given but stated to be 10%-20% of sales turnover

Financial year ends 31 December.

LEGAL STATUS AND HISTORY

Date Started : 12 April 2009 (16/04/1430 H)

C.R. No. : 1010265974 (expiry date : 16/02/2014 / 16/04/1435 H)

RCCI Membership No. : 217317

Capital : not applicable

Proprietorship owned by Salem Al Mutairy (Saudi Arabian national).

ACTIVITIES

The Subject is involved in the following activities :

Trading as distributors and retailers of IT products.

Subject operates through the following registered branches :

Leen Gulf Contracting Est.

Ahmed Al Tamimy Street, Al Malaz Area, PO Box 27399, Riyadh 11417

Telephone : (966 1) 477 0336

Fax : (966 1) 477 0336

Est. 8 June 2009 (15/06/1430 H)

Sub C.R. No. : 1010269349 (expiry date: 25/04/2013 / 15/06/1434 H)

Imports mainly from China.

Subject does not export, all sales are domestic.

FACILITIES

The Subject has the following facilities :

Rented premises comprising administrative offices and a retail shop with integrated storage facilities located at the heading address.

SPECIAL NOTE

Interviewed : Shawlamni Hameed (Sales Manager).

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.57
UK Pound	1	Rs.72.50
Euro	1	Rs.62.46

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.