MIRA INFORM REPORT

Report Date :

20.06.2011

IDENTIFICATION DETAILS

Name :	ALFUHAID GLOBAL GENERAL TRADING & CONTRACTING CO WLL

Registered Office :	Souq Al Kabir 1733, Kuwait City 13033

Country :	Kuwait

Date of Incorporation :	30.07.2005

Com. Reg. No.:	107273

Legal Form :	Limited Liability Company

Line of Business :	IT Solution Provider.

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 :	US DLRS 150,000

Status :	Moderate

Payment Behaviour :	Unknown

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 – March 31^st, 2010

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Kuwait

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

Company name

Alfuhaid Global General Trading & Contracting Co WLL (Correct)

ALFUHAID GENERAL TRADING & CONSTRUCTIONS EST. (Requested)

Company ADDRESS

Area : Souq Al Kabir

P.O.Box No. : 1733

Town : Kuwait City 13033

Country : Kuwait

Telephone : (965) 2241 2343 / 2240 8709 / 2243 3989 / (Mobile) (965) 9967 3577 (Yusuf Khalid)

Fax : (965) 2240 8710

E-Mail : skycomkuwait@hotmail.com

Also Known As : Alfuhaid International Gen. Trad. & Cont. Co.

SENIOR COMPANY PERSONNEL

Name Position

1. Saleh Fuhaid Saleh Al Ajmi Managing Director

2. Fuhaid Saleh Fuhaid Al Ajmi Director

3. Yusuf Khalid Administrative Manager

4. Aref Mohammed Secretary

Total Employees : 5 (administrative)

PAYMENTS

Current trade experience of payments has not been traced.

Subject declined to give any financial, general background or antecedent information or to reveal the extent of the company's operations.

Information in this report was obtained from third party sources.

Opinion on maximum credit : We have insufficient basis on which to

speak for unsecured credit and recommend

international suppliers deal on cash pre-paid basis only.

Trade risk assessment: High

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

See above comments.

PRINCIPAL BANKERS

Details of subject's bankers could not be learnt.

FINANCIAL INFORMATION

Private companies in Kuwait are not required to publish or disclose balance sheets. Balance sheets are not available from other sources, and the subject interviewed declined to give any financial information, which the company regards as strictly confidential.

LEGAL STATUS AND HISTORY

Date Started : 30 July 2005

C.R. No. : 107273

KCCI Membership No. : 96698 (expiry date: 28/03/2011)

Authorised Capital : KD 250,000

Paid-Up Capital : KD 250,000

Limited Liability Company with the following shareholders :

1. Saleh Fuhaid Saleh Al Ajmi

(Kuwaiti national)

2. Fuhaid Saleh Fuhaid Al Ajmi

(Kuwaiti national)

The exact shareholding percentage was not disclosed.

ACTIVITIES

The Company is involved in the following activities :

IT solution providers.

NACE Code : 6209 / 6399

FACILITIES

The Company has the following facilities :

Administrative offices located at the heading address.

SPECIAL NOTE

You enquired on: ALFUHAID GENERAL TRADING & CONSTRUCTIONS EST. Please note that the correct name is as per heading.

Interviewed: Aref Mohammed (Secretary). Subject's senior officials are currently away on a prolonged holiday, in his absence staff is not authorised to divulge financial information.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.59
UK Pound	1	Rs.71.62
Euro	1	Rs.62.78

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.