MIRA INFORM REPORT

Report Date :

01.02.2012

IDENTIFICATION DETAILS

Name :	GREAT TARGET TRADING CO

Registered Office :	Seeb Market, Seeb Area, P O Box 13, Seeb 111

Country :	Oman

Financials (as on) :	31.12.2010

Date of Incorporation :	12.04.1999

Com. Reg. No.:	1/61296/4

Legal Form :	Limited Liability Company

Line of Business :	Distributors of fruit and vegetables

No. of Employees :	08

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^th, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Oman

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

SUMMARY

Company Name : GREAT TARGET TRADING CO

Country of Origin : Oman

Legal Form : Limited Liability Company – LLC

Registration Date : 12^th April 1999

Commercial Registration Number : 1/61296/4

Chamber Membership Number : 41632

Issued Capital : RO 21,000

Paid up Capital : RO 21,000

Total Workforce : 8

Activities : Distributors of fruit and vegetables.

Financial Condition : Fair

Payments : Nothing detrimental uncovered

Operating Trend : Steady

Recommended Credit Limit : US$ 150,000

Person Interviewed : K Srinivas, Sales Manager

COMPANY NAME

GREAT TARGET TRADING CO

company ADDRESS

Registered & Physical Address

Location : Seeb Market

Area : Seeb Area

PO Box : 13

Town : Seeb 111

Country : Oman

Mobile : (968) 99476573

Email : gttomanllc@gmail.com

Premises

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

KEY PRINCIPALS

Name Position

· Juma Salim Khalifa Al Hinai Managing Director

· Amer Juma Salim Khalifa Al Hinai Director

· K Srinivas Sales Manager

LEGAL FORM & OWNERS

Date of Establishment : 12^th April 1999

Legal Form : Limited Liability Company – LLC

Commercial Reg. No. : 1/61296/4

Chamber Member No. : 41632

Issued Capital : RO 21,000

Paid up Capital : RO 21,000

Name of Shareholder (s)

· Juma Salim Khalifa Al Hinai

· Amer Juma Salim Khalifa Al Hinai

OPERATIONS

Activities: Engaged in the import and distribution of fruit and vegetables.

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: Riyal Omani (RO)

Year Ending 31/12/09: Year Ending 31/12/10:

Total Sales RO 1,650,000 RO 1,820,000

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

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

BANKERS

· Oman International Bank

Al Khuwair Branch

PO Box: 1727

Seeb 111

Tel: (968) 24682500

Fax: (968) 24682800

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 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.49.68
UK Pound	1	Rs.78.17
Euro	1	Rs.65.52

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.