MIRA INFORM REPORT

Report Date :

04.05.2011

IDENTIFICATION DETAILS

Name :	AWTHAR AL SUWAIQ TRADING LLC

Registered Office :	Al Khob Area, P O Box 445 & 23, Al Khob 315

Country :	Oman

Date of Incorporation :	01.09.2008

Com. Reg. No.:	1/05366/1

Legal Form :	Limited Liability Company

Line of Business :	Wholesale and retail of building materials and general merchandise

RATING & COMMENTS

MIRA’s Rating :

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

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 – December 31, 2010

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

Oman

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

SUMMARY

Company Name : AWTHAR AL SUWAIQ TRADING LLC

Country of Origin : Oman

Legal Form : Limited Liability Company – LLC

Registration Date : 1^st September 2008

Commercial Registration Number : 1/05366/1

Chamber Membership Number : 9376

Issued Capital : RO 150,000

Paid up Capital : RO 150,000

Total Workforce : 3

Activities : Wholesale and retail of building materials and general merchandise

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

COMPANY NAME

AWTHAR AL SUWAIQ TRADING LLC

Company ADDRESS

Registered & Physical Address

Location : Al Khob Area

PO Box : 445 & 23

Town : Al Khob 315

Country : Oman

Subject has yet to register any contact numbers.

Premises

Subject operates from a small suite of offices that are rented and located in the Suburban Business Area of Al Khob.

KEY PRINCIPALS

Name Nationality Position

· Ibrahim Karoo Kanoos Indian Managing Director

· Abdul Qader Karoo Kanoos Indian Director

· K Amber Abdulrahman Indian Director

· Abdulrahim Salim Rashid Al Sorry Omani Director

LEGAL FORM & OWNERS

Date of Establishment : 1^st September 2008

Legal Form : Limited Liability Company – LLC

Commercial Reg. No. : 1/05366/1

Chamber Member No. : 9376

Issued Capital : RO 150,000

Paid up Capital : RO 150,000

Name of Shareholder (s)

· Ibrahim Karoo Kanoos

· Abdul Qader Karoo Kanoos

· K Amber Abdulrahman

· Abdulrahim Salim Rashid Al Sorry

OPERATIONS

Activities: Engaged in the wholesale and retail of building materials and general merchandise.

Subject has a workforce of 3 employees.

FINANCIAL DATA

Companies registered in Oman are not legally required to make their accounts public and no financial information was released by the company or submitted by outside sources.

BANKERS

· Bank Muscat SAOG

Ruwi Main Branch

PO Box: 6326

Muscat

Tel: (968) 24561399 / 24708543

Fax: (968) 24561036

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

During the course of this investigation nothing detrimental was uncovered regarding subject’s operating history or the manner in which payments are fulfilled. As such the company is considered to be a fair trade risk.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.34
UK Pound	1	Rs.73.70
Euro	1	Rs.65.75

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.