MIRA INFORM REPORT

Report Date :

13.07.2012

IDENTIFICATION DETAILS

Name :	NEHMEH CORPORATION LLC
Registered Office :	Building No. 217 Al Handassah Street, (B) Ring Road PO Box 99 Doha
Country :	Qatar
Date of Incorporation :	05.04.1998
Com. Reg. No.:	20020, Doha
Legal Form :	Limited Liability Company - LLC
Line of Business :	Distributors of portable evaporation cooling units, ventilation equipment, air pumps, drum, mist and exhaust fans.
No. of Employees :	250

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)
Qatar	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 : NEHMEH CORPORATION LLC

Country of Origin : Qatar

Legal Form : Limited Liability Company - LLC

Registration Date : 5^th April 1998

Commercial Registration Number : 20020, Doha

Issued Capital : QR 200,000

Paid up Capital : QR 200,000

Total Workforce : 250

Activities : Distributors of portable evaporation cooling units, ventilation equipment, air pumps, drum, mist and exhaust fans.

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

COMPANY NAME

NEHMEH CORPORATION LLC

ADDRESS

Registered & Physical Address

Building : Building No. 217

Street : Al Handassah Street, (B) Ring Road

PO Box : 99

Town : Doha

Country : Qatar

Telephone : (974) 44376922 / 44343000

Facsimile : (974) 44423378

Email : info@nehmeh.com

Premises

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

KEY PRINCIPALS

Name Nationality Position

· Emile Antone Nemeh Lebanese Managing Director

· Alexander Antone Nemeh Lebanese Director

· Simon Antone Nemeh Lebanese Director

· Dania Antone Nemeh Lebanese Director

· Nedal Kholi - Financial Manager

· Manal Ghosh - Marketing Manager

· Hanifa Ikram - Procurement Co-ordinator

LEGAL FORM & OWNERS

Date of Establishment : 5^th April 1998

Legal Form : Limited Liability Company - LLC

Commercial Reg. No. : 20020, Doha

Issued Capital : QR 200,000

Paid up Capital : QR 200,000

Name of Shareholder (s)

· Emile Antone Nemeh

· Alexander Antone Nemeh

· Simon Antone Nemeh

· Dania Antone Nemeh

AFFILIATED COMPANIES

· Nemeh Enterprises Industries

Doha

· Nemeh Enterprises Est

Doha

OPERATIONS

Activities: Engaged in the import and distribution of portable evaporation cooling units, ventilation equipment, air

pumps, drum, mist and exhaust fans.

Import Countries: Europe and the Far East.

Subject has a workforce of approximately 250 employees.

FINANCIAL DATA

Companies registered in Qatar are not legally required to make their accounts public and no financial information was released by the company or submitted by outside sources.

BANKERS

· Doha Bank Ltd

PO Box: 3818

Doha

Tel: (974) 44435444

Fax: (974) 44416631 / 44410625

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.55.70
UK Pound	1	Rs.86.28
Euro	1	Rs.68.15

INFORMATION DETAILS

Report Prepared by :

PRL

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.