MIRA INFORM REPORT

Report Date :

21.10.2011

IDENTIFICATION DETAILS

Name :	VIEW BUILDER PVT LTD
Registered Office :	Ma Vahfaru Buruzu, Magu, Male
Country :	Maldives
Date of Incorporation :	12.02.2004
Legal Form :	Private Limited
Line of Business :	Construction & Construction Materials

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	:	VIEW BUILDER PVT LTD
Address	:	Ma Vahfaru Buruzu, Magu, Male
Country	:	Maldives
Phone (S)	:	[+960]-3329467
Facsimile	:	[+960]-3329468
Email		projects@viewbuilders.com.mv
Website		http://www.viewbuilders.com.mv
Primary Business Activity		Service
Key Industry		Construction & Construction Materials

Key Facts

Registered Legal Address		:	4Fl G Oakum, Male 20046
Issuing Authority		:	Ministry of Trade & Industries - National
License Number		:	C-63/2004
Legal Form		:	Private Limited
Operational Status of Business		:	Normal
Date of Registration			12 Feb, 2004
Employees			159
Capital			n/a^(1) ^(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.
	Report Details

Country	:	Maldives
Business Entity Name	:	VIEW BUILDER PVT LTD
Primary Business Activity	:	Service
Primary Industry	:	Construction & Construction Materials
Office Contact Details
Operating Address	:	Ma Vahfaru Buruzu, Magu, Male
Tel	:	[+960]-3329467
Fax	:	[+960]-3329468
Email	:	projects@viewbuilders.com.mv info@viewbuilders.com.mv
Website Details
Website	:	http://www.viewbuilders.com.mv
Status	:	Normal - operational
Country of Registration	:	Maldives
Ownership Type	:	Registered ownership by Subject Business Entity

CREDIT RECOMENDATION

Current Credit Limit: USD 30,000.00  

DIRECTORS/MANAGEMENT

COMPANY MANAGEMENT

Management Listings

	Name	Nationality	Job Description	Dept. / Division
1	Mr. Abdul Ghani Ali	Maldivian	Manager	Human Resources
2	Mr. Ibrahim Fazeel	Maldivian	Manager	Sales & Marketing
3	Mr. Karthikeyan	Maldivian	Engineer	-
4	Mr. Nadeem Mohamed	Maldivian	Architect	-
5	Mr. Ahmed Muslim	Maldivian	Manager	Construction
6	Mr. Abdulla Rasheed	Maldivian	Accountant	Finance
7	Ms. Fathmath Shiuna	Maldivian	Director	Administration

Management Details - 1

Personal Unique Identifier	:	MI03002020
Name	:	Mr. Abdul Ghani Ali

Management Details - 2

Personal Unique Identifier	:	MI03002016
Name	:	Mr. Ibrahim Fazeel

Management Details - 3

Personal Unique Identifier	:	MI03002012
Name	:	Mr. Karthikeyan

Management Details - 4

Personal Unique Identifier	:	MI03002013
Name	:	Mr. Nadeem Mohamed

Management Details - 5

Personal Unique Identifier	:	MI03002014
Name	:	Mr. Ahmed Muslim

Management Details - 6

Personal Unique Identifier	:	MI03002018
Name	:	Mr. Abdulla Rasheed

Management Details - 7

Personal Unique Identifier	:	MI03002017
Name	:	Ms. Fathmath Shiuna

COMPANY DIRECTORS

1
Personal Unique Identifier	:	MI03002011
Name	:	Mr. Mohamed Aslam
Nationality	:	Maldivian

Based on corporate statutory laws /regulations in Maldives, there is no requirement for public disclosure of Director. In this case, the Director information was supplied by the Subject Business Entity.
However in the absence of data normally obtained from local Statutory Authorities, it is not possible to verify the accuracy of data supplied and hence is provided as reference ONLY.

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

Total number of shareholders	:	2
Total number of shares	:	n/a

No.	Shareholders	Country	Shares
			Number	Amount	%
1	Mr. Ahmed Mohamed	Maldives	n/a	n/a	n/a
2	Mr. Mohamed Aslam	Maldives	n/a	n/a	n/a
Total			n/a	n/a	n/a

Based on corporate statutory laws /regulations in Maldives, there is no requirement for public disclosure of Shareholders. In this case, the Shareholder information was supplied by the Subject Business Entity.
However in the absence of data normally obtained from local Statutory Authorities, it is not possible to verify the accuracy of data supplied and hence is provided as reference ONLY.

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
Bldg Cleaning/Maint Svc, NEC	7349	Service
General Building Contractors	1500	Service
Heavy Construction, NEC	1629	Service
Management Services	8741	Service
Services, NEC	8900	Service

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Building maintenance services	9910	Service
General contractor-residential	9813	Service
Heavy construction	9818	Service
Management services	9874	Service

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description	Ranking	Activity
Design builders	Primary	Service
General constructions	Primary	Service
Logistics	Primary	Service
Programme management	Primary	Service
Project management	Primary	Service

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of VIEW BUILDER PVT LTD is:

Specialized professional services

Building maintenance

Construction

Construction consultancy

Construction management

Contractors

Logistics

Project management

DOMESTIC SALES & PURCHASES

Annual Sales Analysis	Percentage
Domestic Sales	100%

REPUTATION

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

OFFICE & FACILITIES

Name	:	VIEW BUILDER PVT LTD - MAGU, MALE
Address	:	Ma Vahfaru Buruzu, Magu, Male
Country	:	Maldives
Status	:	Operational

PREVIOUS CONTACT DETAILS

Company Address

:

H Happy Night Vaijehey, Magu, Male 20046

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.71
UK Pound	1	Rs.78.08
Euro	1	Rs.68.05

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.