MIRA INFORM REPORT

Report Date :

24.07.2012

IDENTIFICATION DETAILS

Name :	HELIOS GENERAL TRADING LLC

Registered Office :	Al Aweer Market, P O Box 33677 & 119283, Dubai

Country :	United Arab Emirates

Financials (as on) :	31.12.2011

Date of Incorporation :	07.03.2007

Com. Reg. No.:	1006588, Dubai

Legal Form :	Limited Liability Company

Line of Business :	Distributors of fruit and vegetables

No. of Employees :	06

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
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 : HELIOS GENERAL TRADING LLC

Country of Origin : Dubai, United Arab Emirates

Legal Form : Limited Liability Company – LLC

Registration Date : 7^th March 2007

Commercial Registration Number : 1006588, Dubai

Trade Licence Number : 592415

Chamber Membership Number : 116601

Issued Capital : UAE Dh 300,000

Paid up Capital : UAE Dh 300,000

Total Workforce : 6

Activities : Distributors of fruit and vegetables

Financial Condition : Fair

Payments : Nothing detrimental uncovered

Operating Trend : Steady

COMPANY NAME

HELIOS GENERAL TRADING LLC

company ADDRESS

Registered & Physical Address

Location : Al Aweer Market

PO Box : 33677 & 119283

Town : Dubai

Country : United Arab Emirates

Telephone : (971-4) 3357778

Facsimile : (971-4) 3357779

Email : info@taqat.net

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

· Ali Bin Abdullah Bin Ali Al Rasad Saudi Managing Director

· Abdul Razzaq Yousuf Jawad Al Redha Emirati Director

LEGAL FORM & OWNERS

Date of Establishment : 7^th March 2007

Legal Form : Limited Liability Company – LLC

Commercial Reg. No. : 1006588, Dubai

Trade Licence No. : 592415 (Expired 06/03/2012)

Chamber Member No. : 116601

Issued Capital : UAE Dh 300,000

Paid up Capital : UAE Dh 300,000

Name of Shareholder (s) Percentage

· Abdul Razzaq Yousuf Jawad Al Redha 51%

· Ali Bin Abdullah Bin Ali Al Rasad 49%

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 6 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 8,200,000 UAE Dh 8,570,000

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

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

BANKERS

· Emirates National Bank of Dubai

Baniyas Street

PO Box: 777

Dubai

Tel: (971-4) 2222241

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

Please note that subject’s trade licence number expired on 6^th March 2012. According to the Dubai Chamber of Commerce and renewal has been requested but no fees have been paid yet.

We were unable to contact the subject during our investigation.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.76
UK Pound	1	Rs.86.80
Euro	1	Rs.67.43

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.