MIRA INFORM REPORT

Report Date :

29.11.2011

IDENTIFICATION DETAILS

Correct Name :	REETHI RAH RESORT PVT LTD
Registered Office :	C/o Suctans of the Seas Corporate Office Fasmeeru Bldg, Henveiru, Male 20094
Country :	Maldives
Year of Establishment :	2006
Com. Reg. No.:	C-0764/2006
Legal Form :	Private Company with Limited Liability
Line of Business :	Professional services Provider Specialized Industries Resorts and Restaurants
No. of Employees :	45

RATING & COMMENTS

MIRA’s Rating :

B

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

Maximum Credit Limit :	USD 30,000.00
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, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
Maldives	C1	C1

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

REGISTERED NAME & COMPANY SUMMARY

Company Details

Organization Name	:	REETHI RAH RESORT PVT LTD
Address	:	One & Only Reethi Rah North Male Atoll, Male
Country	:	Maldives
Phone (S)	:	[+960]-6648800
Facsimile	:	[+960]-6640385
Email	:	reservations@oneandonlyreethirah.com
Website	:	http://www.oneandonlyresorts.com
Primary Business Activity	:	Service
Key Industry	:	Professional Services

Registered Legal Address	:	c/o Suctans of the Seas Corporate Office Fasmeeru Bldg, Henveiru, Male 20094
Operational Address	:	One & Only Reethi Rah North Male Atoll, Male
Trading Name	:	ONE & ONLY REETHI RAH
Name History	:
Issuing Authority	:	Ministry of Economic Development - National
License Number	:	C-0764/2006
License Status	:	License exists - Normal.
Legal Form - Category	:	Private Company with Limited Liability
Legal Form	:	Private Limited
Legal Form - Abbreviation	:	PVT LTD
Operational Status of Business	:	Normal
Date of Registration	:	2006
Employees	:	45
Capital	:	n/a^(1)
Note	:	^(1) Not applicable. According to the corporate statutory laws for this type of Legal Form - Category(Private Company with Limited Liability) in Maldives, there is no requirement for Authorized Capital.

Country	:	Maldives
Business Entity Name	:	REETHI RAH RESORT PVT LTD
Primary Business Activity	:	Service
Primary Industry	:	Professional Services
Office Contact Details
Operating Address	:	One & Only Reethi Rah North Male Atoll, Male
Tel	:	[+960]-6648800
Fax	:	[+960]-6640385
	:	[+960]-6648822
Email	:	reservations@oneandonlyreethirah.com
Website Details
Website	:	http://www.oneandonlyresorts.com
Status	:	Normal - operational
Country of Registration	:	USA
Ownership Type	:	Registered ownership by a related third party
Owner Country	:	USA
Owner Name	:	KERZNER INT'L RESORTS LTD

CREDIT RECOMMENDATION

Current Credit Limit: USD 30,000.00  

DIRECTORS/MANAGEMENT

COMPANY MANAGEMENT

Management Listings

	Name	Nationality	Job Description	Dept. / Division
1	Ms. Jacqueline Calle	Maldivian	Representative	-
2	Mr. Mark Hehir	Maldivian	General Manager	-

Management Details - 1

Personal Unique Identifier	:	MI03021750
Name	:	Ms. Jacqueline Calle

Management Details - 2

Personal Unique Identifier	:	MI03021584
Name	:	Mr. Mark Hehir

COMPANY DIRECTORS

Not available - According to the corporate statutory laws for this type of Legal Form - Category (Private Company with Limited Liability) in Maldives, there is no public disclosure of Directors.

NEGATIVE INFORMATION

ADVERSE DATA MONITORING

DISHONORED CHECKS

No Record Found

DEBT	No Record Found

LITIGATION

No Record Found

PERFORMANCE DEFAULTS

No Record Found

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

No Record Found

SHARE & SHARE CAPITAL INFORMATION

SHAREHOLDERS

Not available - According to the corporate statutory laws for this type of Legal Form - Category (Private Company with Limited Liability) in Maldives, there is no public disclosure of Shareholders.

PAYMENT INFORMATION

Na

GROUP STRUCTURE & AFFILIATED COMPANIES

Na

FINANCIAL INFORMATION

FINANCIAL STATEMENT - DETAILED

Based on the corporate laws of Maldives, legal entities which are Private Company with Limited Liability are not required to make public disclosure of their annual financials. Therefore no financials are available for this entity.

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Business Services	7300	Service
Eating Places	5812	Service
Eating and Drinking Places	5800	Service
Hotels & Motels	7011	Service
Hotels & Other Lodging Places	7000	Service

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Business services, health, financial/insur. legal/real estate, hotels, and misc repairs	9900	Service
Food preparations	2106	Service
Hotels and motels	9942	Service

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description	Ranking	Activity
Spa	Primary	Service

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of REETHI RAH RESORT PVT LTD is:

Specialized professional services

· Resorts

· Restaurants

Primary Products

Products / Materials / Services Description	Activity
Accomodations	Service
Cuisines	Service
Resort operators	Service
Resorts	Service
Restaurants	Service

REPUTATION

Reference checking for the purpose of establishing the REETHI RAH RESORT PVT LTD's reputation within the respective industry failed to reveal any adverse information.

OFFICE & FACILITIES

Name	:	REETHI RAH RESORT PVT LTD - MALE
Address	:	One & Only Reethi Rah North Male Atoll, Male
Country	:	Maldives
Status	:	Operational

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.93
UK Pound	1	Rs.80.62
Euro	1	Rs.69.36

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.