MIRA INFORM REPORT

Report Date :

08.11.2011

IDENTIFICATION DETAILS

Name :	SURYADEEP INTERNATIONAL FZC

Registered Office :	Saif Zone, Suite 72C, P O Box 9441 & 120424, Sharjah

Country :	United Arab Emirates

Date of Incorporation :	14.05.2006

Legal Form :	Free Zone Company

Line of Business :	Distributors of building materials, foodstuffs and ready made garments

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$ 90,000

Status :	Moderate

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 – September 30^th, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

United Arab Emirates

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

SUMMARY

Company Name : SURYADEEP INTERNATIONAL FZC

Country of Origin : Sharjah, United Arab Emirates

Legal Form : Free Zone Company - FZC

Registration Date : 14^th May 2006

Trade Licence Number : 05965

Issued Capital : UAE Dh 1,000,000

Paid up Capital : UAE Dh 1,000,000

Total Workforce : 4

Activities : Distributors of building materials, foodstuffs and ready made garments.

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

Recommended Credit Limit : US$ 90,000

Person Interviewed : Deepak Seghal, Managing Director

COMPANY NAME

SURYADEEP INTERNATIONAL FZC

company ADDRESS

Registered & Physical Address

Location : Saif Zone, Suite 72C

PO Box : 9441 & 120424

Town : Sharjah

Country : United Arab Emirates

Telephone : (971-4) 3510855

Facsimile : (971-4) 3510856

Mobile : (971-55) 9189435 / 9189436 / (971-50) 6794986

Email : deepak@sandel.co.in

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

· Deepak Seghal Indian Managing Director

· Gia Lal Seghal Indian Director

· Anil Kejriwal - General Manager

· Dheeraj Rana Surya - Finance Manager

LEGAL FORM & OWNERS

Date of Establishment : 14^th May 2006

Legal Form : Free Zone Company - FZC

Trade Licence No. : 05965, Saif Zone

Issued Capital : UAE Dh 1,000,000

Paid up Capital : UAE Dh 1,000,000

Name of Shareholder (s)

· Deepak Seghal

· Gia Lal Seghal

OPERATIONS

Activities: Engaged in the import and distribution of general merchandise, including building materials, foodstuffs and ready made garments.

Import Countries: Europe and the Far East

Brand Names: PORSCHE, FERRARI and LAMBOURGINI

Subject has a workforce of 4 employees.

FINANCIAL DATA

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

BANKERS

· National Bank of Sharjah

Al Boorj Avenue

PO Box: 4

Sharjah

Tel: (971-6) 5547747

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.49.08
UK Pound	1	Rs.78.65
Euro	1	Rs.67.79

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.