MIRA INFORM REPORT

Report Date :

15.11.2011

IDENTIFICATION DETAILS

Name :	JOW TECH TRADING EST

Registered Office :	Mecca Street, Thoqba, P O Box 14727, Al Khobar 31434

Country :	Saudi Arabia

Date of Incorporation :	20.03.2011

Com. Reg. No.:	2060054232, Al Khobar

Legal Form :	Sole Proprietorship

Line of Business :	Distributors of agricultural machinery, pumps, generators, sprinklers, tents, rope and threads

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 :	New Business

Payment Behaviour :	No Complaints

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 – September 30^th, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Saudi Arabia

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

SUMMARY

Company Name : JOW TECH TRADING EST

Country of Origin : Saudi Arabia

Legal Form : Sole Proprietorship

Registration Date : 20^th March 2011

Commercial Registration Number : 2060054232, Al Khobar

Chamber Membership Number : 143387

Invested Capital : SR 50,000

Total Workforce : 4

Activities : Distributors of agricultural machinery, pumps, generators, sprinklers,

tents, rope and threads.

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

Recommended Credit Limit : US$ 10,000

Person Interviewed : Mohamed Abdulaziz Al Asker, Proprietor

COMPANY NAME

JOW TECH TRADING EST

company ADDRESS

Registered & Physical Address

Street : Mecca Street

Area : Thoqba

PO Box : 14727

Town : Al Khobar 31434

Country : Saudi Arabia

Telephone : (966-3) 8996476

Facsimile : (966-3) 8996476

Mobile : (966-55) 5818097 / (966-50) 6822055

Premises

Subject operates from a small suite of offices and a warehouse that are rented and located in the Central Business Area of Al Khobar.

KEY PRINCIPALS

Name Position

· Mohamed Abdulaziz Al Asker Proprietor & General Manager

· Mohamed Saif Commercial Manager

LEGAL FORM & OWNERS

Date of Establishment : 15/04/1432 Hijri (corresponding to 20^th March 2011)

Legal Form : Sole Proprietorship

Commercial Reg. No. : 2060054232

Chamber Member No. : 143387

Invested Capital : SR 50,000

Mr Mohamed Abdulaziz Al Asker is the sole proprietor of the business.

OPERATIONS

Activities: Engaged in the import and distribution of agricultural machinery, pumps, generators, sprinklers, tents, rope and threads.

Import Countries: Europe and the Far East.

Subject has a workforce of 4 employees.

FINANCIAL DATA

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

BANKERS

· National Commercial Bank

PO Box: 1

Al Khobar 31952

Tel: (966-3) 8949669

Fax: (966-3) 8646474

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.50.85
UK Pound	1	Rs.80.36
Euro	1	Rs.68.83

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.