MIRA INFORM REPORT

Report Date :

01.10.2011

IDENTIFICATION DETAILS

Name :	REATEXTH INDUSTRIES WLL

Registered Office :	Airport Road, P O Box 889, Doha

Country :	Qatar

Date of Incorporation :	14.04.2011

Com. Reg. No.:	47196/2, Doha

Legal Form :	With Limited Liability

Line of Business :	Manufacturers of asphalt, insulation materials and coatings

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

Maximum Credit Limit :	US$ 20,000
Status :	New Business
Payment Behaviour :	Usually Correct
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 – March 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Qatar

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

SUMMARY

Company Name : REATEXTH INDUSTRIES WLL

Country of Origin : Qatar

Legal Form : With Limited Liability - WLL

Registration Date : 14^th April 2011

Commercial Registration Number : 47196/2, Doha

Issued Capital : QR 200,000

Paid up Capital : QR 200,000

Total Workforce : 4

Activities : Manufacturers of asphalt, insulation materials and coatings.

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

Recommended Credit Limit : US$ 20,000

COMPANY NAME

REATEXTH INDUSTRIES WLL

company ADDRESS

Registered & Physical Address

Location : Airport Road

PO Box : 889

Town : Doha

Country : Qatar

Telephone : (974) 44528011

Facsimile : (974) 44528282

Mobile : (974) 55342162

Email : reatexthindustries@gmail.com

Please note that the address you provided, Commercial Bank Plaza Tower, Level 14 & 15, Doha belongs to a company called “Servcorp”. Servcorp is a management company and used to operate a virtual address for the subject.

Premises

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

KEY PRINCIPALS

Name Nationality Position

· Shayan Barmand Indian Managing Director

· M Abdulrahman - Administration Executive

LEGAL FORM & OWNERS

Date of Establishment : 14^th April 2011

Legal Form : With Limited Liability - WLL

Commercial Reg. No. : 47196/2, Doha

Issued Capital : QR 200,000

Paid up Capital : QR 200,000

Name of Shareholder (s)

· Shayan Barmand

· Darwish & Partners

Doha

OPERATIONS

Activities: Engaged in the manufacture of asphalt, insulation materials and coatings.

Subject has not yet started production.

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

· Qatar National Bank SAQ

PO Box: 1002

Doha

Tel: (974) 44413511 / 44407407

Fax: (974) 44415020

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.48.93
UK Pound	1	Rs.76.52
Euro	1	Rs.66.65

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.