MIRA INFORM REPORT

Report Date :

17.08.2012

IDENTIFICATION DETAILS

Name :	Y K TRADING WLL
Registered Office :	Building No. 172, Block No. 319, Road No. 1906, P O Box 15542, Manama
Country :	Bahrain
Financials (as on) :	31.12.2011
Date of Incorporation :	26.08.2007
Com. Reg. No.:	66305-1
Legal Form :	With Limited Liability
Line of Business :	Distributors of building materials
No. of Employees :	08

RATING & COMMENTS

MIRA’s Rating :

Ba

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

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 – March 31^st, 2012

Country Name	Previous Rating (31.12.2011)	Current Rating (31.03.2012)
Bahrain	A2	A2

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

SUMMARY

Company Name : Y K TRADING WLL

Country of Origin : Bahrain

Legal Form : With Limited Liability - WLL

Registration Date : 26^th August 2007

Commercial Registration Number : 66305-1

Issued Capital : BD 20,000

Paid up Capital : BD 20,000

Total Workforce : 8

Activities : Distributors of building materials

Financial Condition : Fair

Payments : Nothing detrimental uncovered

Operating Trend : Steady

COMPANY NAME

Y K TRADING WLL

company ADDRESS

Registered & Physical Address

Building : Building No. 172, Block No. 319

Street : Road No. 1906

PO Box : 15542

Town : Manama

Country : Bahrain

Telephone : (973-17) 290737

Facsimile : (973-17) 290837

Mobile : (973-39) 639555

Email : info@epmbahrain.com / yktradingbahrian@gmail.com

Premises

Subject operates from a small suite of offices and a warehouse that are rented and located in the Central Business Area of Manama.

KEY PRINCIPALS

Name Nationality Position

· Mohamed Yusuf Asad Ramadhan Bahraini Managing Director

· Yacoub Koli Canadian Director

· Sajjad Hashim - Assistant General Manager

LEGAL FORM & OWNERS

Date of Establishment : 26^th August 2007

Legal Form : With Limited Liability - WLL

Commercial Reg. No. : 66305-1

Issued Capital : BD 20,000

Paid up Capital : BD 20,000

Name of Shareholder (s) Percentage

· Mohamed Yusuf Asad Ramadhan 51%

· Yacoub Koli 49%

AFFILIATED COMPANIES

· European Properties Management Co WLL

Manama

· Encyclomedia Advertising Co WLL

Manama

· Smartsigns WLL

Manama

OPERATIONS

Activities: Engaged in the import and distribution of building materials.

Import Countries: Europe and the Far East.

Operating Trend: Steady

Subject has a workforce of 8 employees.

FINANCIAL DATA

Financial highlights provided by local sources are given below:

Currency: Bahraini Dinar (BD)

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

Total Sales BD 825,000 BD 960,000

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

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

BANKERS

· Kuwait Finance House (KFH)

Safat Square

Abdullah Al Mubarak Street

PO Box: 24989

Safat 13110

Tel: (965) 22445050

Fax: (965) 22455135

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 company is deemed a fair trade risk.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.98
UK Pound	1	Rs.87.55
Euro	1	Rs.68.69

INFORMATION DETAILS

Report Prepared by :

MNL

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.