MIRA INFORM REPORT

Report Date :

20.04.2012

IDENTIFICATION DETAILS

Name :	ALLOTUS FOR IMPORT & EXPORT

Registered Office :	El Gomhouria, Hosh Eissa, Beheira

Country :	Egypt

Financials (as on) :	31.12.2011

Date of Incorporation :	01.01.2009

Com. Reg. No.:	68161, Beheira

Legal Form :	Sole Proprietorship

Line of Business :	Distributors of rice, seeds and dried foods

No. of Employees :	6

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	US$ 150,000
Status :	Satisfactory
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

(31.12.2011)

Current Rating

(31.03.2012)

Egypt

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

SUMMARY

Company Name : ALLOTUS FOR IMPORT & EXPORT

Country of Origin : Egypt

Legal Form : Sole Proprietorship

Registration Date : 1^st January 2009

Commercial Registration Number : 68161, Beheira

Invested Capital : £E 100,000

Total Workforce : 6

Activities : Distributors of rice, seeds and dried foods

Financial Condition : Fair

Payments : Nothing detrimental uncovered

Operating Trend : Steady

Recommended Credit Limit : US$ 150,000

Person Interviewed : Alaa Mohamed Mahmoud, Sales Manager

COMPANY NAME

ALLOTUS FOR IMPORT & EXPORT

ADDRESS

Registered & Physical Address

Location : El Gomhouria, Hosh Eissa

Town : Beheira

Country : Egypt

Telephone : (20-45) 2700386 / (20-10) 9284893

Facsimile : (20-45) 2705911

Mobile : (20-109) 8888710 / (20-122) 1577774

Email : alltous_import_export@yahoo.com

Premises

Subject operates from a small suite of offices and a warehouse that are rented and located in the Industrial Area of Beheira.

KEY PRINCIPALS

Name Position

Mohamed Mostafa Abdulaziz Zain Al Abdin Proprietor & General Manager

Alaa Mohamed Mahmoud Sales Manager

LEGAL FORM & OWNERS

Date of Establishment : 1^st January 2009

Legal Form : Sole Proprietorship

Commercial Reg. No. : 68161, Beheira

Invested Capital : £E 100,000

Mr Mohamed Mostafa Abdulaziz Zain Al Abdin is the sole proprietor of the business.

OPERATIONS

Activities: Engaged in the import and distribution of rice, seeds and dried foods, including broad beans, white beans,

lentils, pumpkin seeds, water melon seeds, peanuts, peas, chickpeas, caraway seeds ,fennel seeds, sesame seeds, broad beans and popcorn.

Import Countries: Europe and the Far East.

Operating Trend: Steady

Subject has a workforce of 6 employees.

FINANCIAL DATA

Financial highlights provided by local sources are given below:

Currency: Egyptian Pound (£E)

Year Ending 31/12/10: Year Ending 31/12/11:

Total Sales £E 8,150,000 £E 9,000,000

Local sources consider subject’s financial condition to be Fair.

The above financial figures are based on estimations by our local sources.

BANKERS

Arab Bank Plc

28 Talaat Harb Street

PO Box: 2006

Cairo

Tel: (20-2) 22746218

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

Local sources report that payment obligations are met in a generally timely manner and the operating history is clear. As such the business is deemed a fair trade risk and the above credit figure is considered to be within subject’s financial means.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.89
UK Pound	1	Rs.83.18
Euro	1	Rs.68.06

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.