MIRA INFORM REPORT

Report Date :

10.07.2012

IDENTIFICATION DETAILS

Name :	RAJESH ENTERPRISES

Registered Office :	Mohamad Ahmad As-Sakat Building, Al Suq Al Kabeer Street, Al Bateen, Deira 6563, Dubai

Country :	United Arab Emirates

Financials (as on) :	31.12.2011

Date of Incorporation :	20.04.1975

Com. Reg. No.:	4087, Dubai

Legal Form :	Sole Proprietorship

Line of Business :	Wholesale and retail of readymade garments and shoes

No. of Employees :	12

RATING & COMMENTS

MIRA’s Rating :

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)

United Arab Emirates

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

SUMMARY

Company Name : RAJESH ENTERPRISES

Country of Origin : Dubai, United Arab Emirates

Legal Form : Sole Proprietorship

Registration Date : 20^th April 1975

Commercial Registration Number : 4087, Dubai

Trade Licence Number : 206571

Chamber Membership Number : 5083

Invested Capital : UAE Dh 570,000

Total Workforce : 12

Activities : Wholesale and retail of readymade garments and shoes

Financial Condition : Fair

Payments : Nothing detrimental uncovered

Operating Trend : Steady

COMPANY NAME

RAJESH ENTERPRISES

ADDRESS

Registered & Physical Address

Building : Mohamad Ahmad As-Sakat Building

Street : Al Suq Al Kabeer Street

Area : Al Bateen, Deira

PO Box : 6563

Town : Dubai

Country : United Arab Emirates

Telephone : (971-4) 2265460

Facsimile : (971-4) 2253027

Email : rajeshent@yahoo.com

Premises

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

KEY PRINCIPALS

Name Nationality Position

· Ishwari Bai Dholumal Kewlani Indian Proprietor

· Bhagwandas Menghani Inidan General Manager

LEGAL FORM & OWNERS

Date of Establishment : 20^th April 1975

Legal Form : Sole Proprietorship

Commercial Reg. No. : 4087, Dubai

Trade Licence No. : 206571 (Expires 04/06/2013)

Chamber Member No. : 5083

Invested Capital : UAE Dh 570,000

Mr Ishwari Bai Dholumal Kewlani is the sole proprietor of the business.

OPERATIONS

Activities: Engaged in the wholesale and retail of readymade garments and shoes.

Import Countries: Europe and the Far East.

Operating Trend: Steady

Subject has a workforce of 12 employees.

FINANCIAL DATA

Financial highlights provided by local sources are given below:

Currency: United Arab Emirates Dirham (UAE Dh)

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

Total Sales UAE Dh 15,880,000 UAE Dh 16,050,000

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

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

BANKERS

· Standard Chartered Bank

Khalid Bin Waleed Street

PO Box: 999

Dubai

Tel: (971-4) 2520455

Acc No. 01-984365501-01

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

Local sources report that the subject’s operating history is clear with payment obligations met in a generally timely manner. The financial position is satisfactory and the company is deemed a fair trade risk.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.56.02
UK Pound	1	Rs.86.77
Euro	1	Rs.68.82

INFORMATION DETAILS

Report Prepared by :

PDT

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.