MIRA INFORM REPORT

Report Date :

29.01.2011

IDENTIFICATION DETAILS

Name :	VIENNA METALS TRADING FZC
Registered Office :	Building No. Z1, Office No. 7, Saif Zone, P O Box 122055, Sharjah
Country :	United Arab Emirates
Date of Incorporation :	19.04.2010
Legal Form :	Free Zone Company
Line of Business :	Distributors of ferrous and non-ferrous metals, scrap metal and alloy and plastic waste

RATING & COMMENTS

MIRA’s Rating :

NB

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

Status :	New 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)
United Arab Emirates	a2	a2

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

SUMMARY

Company Name : VIENNA METALS TRADING FZC

Country of Origin : Sharjah, United Arab Emirates

Legal Form : Free Zone Company - FZC

Registration Date : 19^th April 2010

Trade Licence Number : 08053

Issued Capital : UAE Dh 1,000,000

Paid up Capital : UAE Dh 1,000,000

Total Workforce : 3

Activities : Distributors of ferrous and non-ferrous metals, scrap metal and alloy

and plastic waste.

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

COMPANY NAME

VIENNA METALS TRADING FZC

company ADDRESS

Registered & Physical Address

Building : Building No. Z1, Office No. 7

Area : Saif Zone

PO Box : 122055

Town : Sharjah

Country : United Arab Emirates

Telephone : (971-6) 5572454 / 5753695

Facsimile : (971-6) 5572455

Email : info@viennametals.com / metalsreader@gmail.com

Premises

Subject operates from a small suite of offices that are rented and located in the Saif Zone Area of Sharjah.

KEY PRINCIPALS

Name Nationality Position

· Anil Shah Indian Managing Director

· Ashwin Kumar Jain Indian Director

· Samir Hari Parasad Trividi - General Manager

LEGAL FORM & OWNERS

Date of Establishment : 19^th April 2010

Legal Form : Free Zone Company - FZC

Trade Licence No. : 08053 (Expires 18^th April 2011)

Issued Capital : UAE Dh 1,000,000

Paid up Capital : UAE Dh 1,000,000

Name of Shareholder (s)

· Anil Shah

· Ashwin Kumar Jain

AFFILIATED COMPANIES

· Vienna Metals Trading LLC

Al Qasmeya

PO Box: 47055

Sharjah

Tel: (971-6) 5732642

Fax: (971-6) 5732672

OPERATIONS

Activities: Engaged in the import and distribution of ferrous and non-ferrous metals, scrap metal and alloy and plastic waste.

Import Countries: Europe and the Far East.

Subject has a workforce of 3 employees.

FINANCIAL DATA

Subject is a newly formed business and as a result financial information is not currently available.

BANKERS

· Standard Chartered Bank

Al Boorj Avenue

PO Box: 5

Sharjah

Tel: (971-6) 5357788

Fax: (971-6) 5543604

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

In view of subject’s infancy, extensive payment and financial are not available, therefore dealings are recommended to be on secured terms, and a close monitoring of subject’s business development is advisable.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.74
UK Pound	1	Rs.72.73
Euro	1	Rs.62.73

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.