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MIRA INFORM REPORT

Report Date :

16.02.2012

IDENTIFICATION DETAILS

Name :	EME GROUP
Registered Office :	95, Victoria Avenue, Quatre Bornes
Country :	Mauritius
Date of Incorporation :	06.06.1998
Legal Form :	Limited Corporation
Line of Business :	Construction and engineering consultancy firm
No. of Employees :	600 Employees.

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

Maximum Credit Limit :	USD 150,000
Status :	Good
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)
Mauritius	A2	A2

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

Company name

SUBJECT'S NAME
Registered Name:	EME GROUP
Requested Name:	EME GROUP
Trade Names:	EME Engineering Ltd. (Mauritius)
ADDRESS AND TELECOMMUNICATION
Physical Address:	95, Victoria Avenue, Quatre Bornes
Postal Address:	95, Victoria Avenue, Quatre Bornes
Country:	Mauritius
Phone:	230-4679001
Fax:	230-4679002
Email:	info@eme-group.com
Website:	www.group-eme.com
CREDIT OPINION
Financial Index as of December 2011 shows subject firm with a medium risk of credit. However, bank and credit information obtained reveal a history of prompt payments. We recommend Credit of USD 150,000 on 90 days.
LEGAL
Legal Form:		Limited Corporation
Date Incorporated:		6-June 1998
Reg. Number:		Mauritius
Nominal Capital		MUR. 10,000,000
Subscribed Capital		MUR. 10,000,000
Subscribed Capital is Subscribed in the following form:
		Position		Shares
Mr. D.Jocelyn Philogene		CEO
Mr. Subhash.C Jalabhay		Dep. CEO
Mr. M. Bundhoo		Director
RELATED COMPANIES
None		Parent company.
None		Subsidiary company.
Listed Below		Affiliated company.
None		Shareholder of subject firm.
Madagascar, Seychelles, India, Sri Lanka		Branches of the firm
OPERATIONS
Registered to operate as a construction and engineering consultancy firm
Imports:		Asia, Europe, UK, Middle East
Exports:		Neighboring countries
Trademarks:		None
Terms of sale:		Cash (40%) and 25-90 days (60%), invoices.
Main Customers:		Hotels, Resorts, firms and organizations
Employees:		600 employees.
Vehicles:		Several motor vehicles.
Territory of sales:		Mauritius
Location:		Owned premises, 5.000 square feet,
AUDITORS AND INSURANCE
Auditors:		Information not available.
Insurance Brokers:		Information not available.
FINANCE
Currency Reported:		Mauritius Rupee (MUR.)
Approx. Ex. Rate:		1 US Dollar = 29.01 Mauritius Rupee
Fiscal Year End:		December 31, 2011
Inflation:		According to information given by independent sources, the inflation at December 31st, 2011 was of 13%.
Financial Information not Submitted
Profit and Loss (expressed in MUR.)
		2010	2011
Sales		4,000,000,000	5,600,000,000
BANK
Bank Name:		MCB
Branch:		Mauritius
Comments:		None
TRADE REFERENCES
Experiences:		Good
NOTARIAL BONDS		None
COMMENTS / ADDITIONAL INFORMATION
This information was obtained from outside sources other than the subject company itself and confirmed the above subject.

AFFILIATED COMPANIES

EME NETWORKS LTD.

WATTS LTD.

EME OVERSEAS

EME ENGINEERING (INDIA) LTD.

EME DESIGN SERVICES LTD.

EME SEYCHELLES

EME ENGINEERING (LANKA) LTD.

KIRKOR MANAGEMENT SERVICES LTD.

KIRKOR PROCUREMENT SERVICES LTD.

SOTRATECH LTD.

SOTRATECH OVERSEAS LTD.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.25
UK Pound	1	Rs.77.45
Euro	1	Rs.64.89

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.