MIRA INFORM REPORT

Report Date :

08.07.2011

IDENTIFICATION DETAILS

Name :	TEBA CHEM FOR IMPORT & EXPORT
Registered Office :	Building No. 2,El Nady Street, Mahalla El Bourg, Mahalla El Koubra
Country :	Egypt
Date of Incorporation :	01.04.2011
Legal Form :	Limited Liability Partnership
Line of Business :	Distributors of primary chemicals for dyeing textiles

RATING & COMMENTS

MIRA’s Rating :

Ca

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	US$ 5,000
Status :	New Business
Payment Behaviour :	----
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 – March 31^st, 2011

Country Name	Previous Rating (31.12.2010)	Current Rating (31.03.2011)
Egypt	a2	a2

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

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SUMMARY

Company Name : TEBA CHEM FOR IMPORT & EXPORT

Country of Origin : Egypt

Legal Form : Limited Liability Partnership

Registration Date : 1^st April 2011

Issued Capital : £E 50,000

Paid up Capital : £E 50,000

Total Workforce : 6

Activities : Distributors of primary chemicals for dyeing textiles.

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

Recommended Credit Limit : US$ 5,000

COMPANY NAME

TEBA CHEM FOR IMPORT & EXPORT

company ADDRESS

Registered & Physical Address

Building : Building No. 2

Street : El Nady Street

Area : Mahalla El Bourg

Town : Mahalla El Koubra

Country : Egypt

Telephone : (20-40) 2571966

Facsimile : (20-40) 2571966

Mobile : (20-12) 7899499

Email : tebachemical@tedata.net.eg / soft@deltaco.com.eg

Premises

Subject operates from a small suite of offices and a warehouse that are rented and located in the Suburban Business Area of Mahalla El Koubra.

KEY PRINCIPALS

Name Position

· Ahmed Mohamed Sofy Managing Partner

· Hatem Mohamed Sofy Partner

· Hatem El Boushy Partner

LEGAL FORM & OWNERS

Date of Establishment : 1^st April 2011

Legal Form : Limited Liability Partnership

Issued Capital : £E 50,000

Paid up Capital : £E 50,000

Name of Shareholder (s)

· Ahmed Mohamed Sofy

· Hatem Mohamed Sofy

· Hatem El Boushy

AFFILIATED COMPANIES

· Delta Co For Trading & Chemical

Building No. 47

Street No. 262

New Maadi

Cairo

Tel: (20-2) 27544553

Fax: (20-2) 25192316

OPERATIONS

Activities: Engaged in the import and distribution of primary chemicals for dyeing textiles.

Import Countries: Europe and India.

International Suppliers:

· Jay Chemical Industries India

Subject has a workforce of 6 employees.

FINANCIAL DATA

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

BANKERS

· National Societe Generale Banque

22 El Tegara School Street

Mahalla El Koubra

Tel: (20-40) 2281000

Fax: (20-40) 2281099

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.44.42
UK Pound	1	Rs.70.95
Euro	1	Rs.63.63

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.