MIRA INFORM REPORT

Report Date :

23.07.2011

IDENTIFICATION DETAILS

Name :	SARA TRADING COMPANY
Registered Office :	# 98/ 1 L Avissavella Road, Mahabuthgamuwa, Mulleriyawa New Town (Angoda)
Country :	Sri Lanka
Date of Incorporation :	22.05.2006
Com. Reg. No.:	PP 5079
Legal Form :	Partnership Company ( In Operation )
Line of Business :	Buyer , Dealer and Exporter of Natural Rubber Sheets & Copra

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

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, 2011

Country Name	Previous Rating (31.12.2010)	Current Rating (31.03.2011)
Sri Lanka	A2	A2

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

GENERAL

- Basic information at a glance

COMPANY DETAILS

- Registration and Shareholder Details

FINANCIAL DETAILS

- Most recent available Financial Information

THE COMPANY HAS DECLINED TO PROVIDE INFORMATION ON ITS FINANCES

CURRENT INVESTIGATION

· History.

The Subject Company SARA TRADING COMPANY is a partnership incorporated under registration number PP 5079 on 22^nd May 2006.

· Location.

The client given address 98/1L, Avissavella Road, Mahabuthgamuwa, Mulleriyawa New Town ( Angoda) approx. 15 kilo meters from Colombo city, is the Office and Stores of the subject company. The Managing Partner, Mr. Sirraj has refused to disclose any information about the company when contacted but the details given in the report are from non-formal sources but clearly originating from the company.

· Operational Details.

General

The subject company’s primary line of business is buying, selling and exporting of Natural Rubber Sheets and Copra. The rubber sheets are also sold to local rubber product manufactures.

Products

Natural Rubber Sheets and Copra

Country

Pakistan and India

Employees

Approximately 10

· Financial Data

The company refused to provide information on its finances.

· General Comments

The Managing partner of the subject company when we contacted refused to provide any information. However, all information provided in this report is from non-formal sources but clearly originating from the company.

· Trade references

The subject company did not provide any trade reference referrals

· Credit Recommendations

Since no financial information has been forthcoming from the company, it is not possible to comment on the merits or otherwise of the company.

No computerised data bases exist to make checks whether the partners or the company has any legal action or lawsuit initiated against any of them but informal (but not in-depth) checks do not indicate any such cases in the public knowledge.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.38
UK Pound	1	Rs.72.34
Euro	1	Rs.63.87

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.