MIRA INFORM REPORT

Report Date :

17.04.2012

IDENTIFICATION DETAILS

Name :	URBACON GENERAL CONTRACTING WLL

Registered Office :	Al Meera Tower, 7^th, 9^th and 11^th Floor, Al Mina Road, Old Salata Area, P O Box 201184, Doha

Country :	Qatar

Date of Incorporation :	19.05.2011

Com. Reg. No.:	50788, Doha

Legal Form :	With Limited Liability

Line of Business :	General building and electro-mechanical contractors

No. of Employees :	3,500

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
----	NB	New Business	----

Status :	New company
Payment Behaviour :	Unknown
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 – March 31^st, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Qatar

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

SUMMARY

Company Name : URBACON GENERAL CONTRACTING WLL

Country of Origin : Qatar

Legal Form : With Limited Liability - WLL

Registration Date : 19^th May 2011

Commercial Registration Number : 50788, Doha

Issued Capital : QR 30,000,000

Paid up Capital : QR 30,000,000

Total Workforce : 3,500

Activities : General building and electro-mechanical contractors

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

COMPANY NAME

URBACON GENERAL CONTRACTING WLL

company ADDRESS

Registered & Physical Address

Building : Al Meera Tower, 7^th, 9^th and 11^th Floor

Street : Al Mina Road

Area : Old Salata Area

PO Box : 201184

Town : Doha

Country : Qatar

Telephone : (974) 44292220 / 44292221 / 44292999 / 66261992

Facsimile : (974) 44292244

Email : r.castro@urbacon-intl.com

Premises

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

KEY PRINCIPALS

Name Nationality Position

· Mohamed Motaz Mohamed Raslan Al Khayat Syrian Managing Director

· Ramez Mohamed Raslan Al Khayat Syrian Director

· Abdullah Al Dulaimi Qatari Director

LEGAL FORM & OWNERS

Date of Establishment : 19^th May 2011

Legal Form : With Limited Liability - WLL

Commercial Reg. No. : 50788, Doha

Issued Capital : QR 30,000,000

Paid up Capital : QR 30,000,000

Name of Shareholder (s)

· Mohamed Motaz Mohamed Raslan Al Khayat

· Ramez Mohamed Raslan Al Khayat

· Abdullah Al Dulaimi

AFFILIATED COMPANIES

· Khayat Contracting

Doha

OPERATIONS

Activities: Engaged as general building and electro-mechanical contractors.

Subject has a workforce of approximately 3,500 employees.

FINANCIAL DATA

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

BANKERS

· Doha Bank Ltd

PO Box: 3818

Doha

Tel: (974) 44435444

Fax: (974) 44416631 / 44410625

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.51.66
UK Pound	1	Rs.81.80
Euro	1	Rs.67.18

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.