MIRA INFORM REPORT

Report Date :

06.06.2012

IDENTIFICATION DETAILS

Name :	ISMAEEL AL JOMAN & BROTHERS TRADING CO LLC

Registered Office :	Al Sitteen Street PO Box 25662 Riyadh 11467

Country :	Saudi Arabia

Date of Incorporation :	08.03.2010

Com. Reg. No.:	1010283651, Riyadh

Legal Form :	Limited Liability Company

Line of Business :	Distribution of automotive spare parts and related accessories

No. of Employees :	60

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)

Saudi Arabia

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

SUMMARY

Company Name : ISMAEEL AL JOMAN & BROTHERS TRADING CO LLC

Country of Origin : Saudi Arabia

Legal Form : Limited Liability Company

Registration Date : 8^th March 2010

Commercial Registration Number : 1010283651, Riyadh

Chamber Membership Number : 229000

Issued Capital : SR 1,000,000

Paid up Capital : SR 1,000,000

Total Workforce : 60

Activities : Distribution of automotive spare parts and related accessories

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

COMPANY NAME

ISMAEEL AL JOMAN & BROTHERS TRADING CO LLC

ADDRESS

Registered & Physical Address

Location : Al Sitteen Street

PO Box : 25662

Town : Riyadh 11467

Country : Saudi Arabia

Telephone : (966-1) 4741183 / 4036644

Facsimile : (966-1) 4728272 / 4728270

Email : info@ismaeeljoman.com / aljoman@naseej.com.sa

Premises

Subject operates from a medium sized suite of offices and a showroom that are rented and located in the Central Business Area of Riyadh.

Branch Office (s)

Subject has 26 branches throughout Saudi Arabia.

KEY PRINCIPALS

Name Position

· Ismaeel Joman Al Ghamdi Managing Director

· Hamid Joman Al Ghamdi Director

· Ahmed Joman Al Ghamdi Director

· Saeed Joman Al Ghamdi General Manager

LEGAL FORM & OWNERS

Date of Establishment : 23/03/1431 Hijri (corresponding to 8^th March 2010)

Legal Form : Limited Liability Company

Commercial Reg. No. : 1010283651, Riyadh

Chamber Member No. : 229000

Issued Capital : SR 1,000,000

Paid up Capital : SR 1,000,000

Name of Partner (s)

· Ismaeel Joman Al Ghamdi

· Hamid Joman Al Ghamdi

· Ahmed Joman Al Ghamdi

AFFILIATED COMPANIES

· Ismaeel Joman Trading Est

PO Box: 4588

Riyadh 11412

OPERATIONS

Activities: Engaged in the import and distribution of automotive spare parts and related accessories.

Import Countries: Europe and the Far East.

Brand Names: ZUREX

Subject has a workforce of 60 employees.

FINANCIAL DATA

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

BANKERS

· Riyad Bank

King Abdul Aziz Road

PO Box: 22622

Riyadh 11416

Tel: (966-1) 4013030

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

During the course of this investigation nothing detrimental was uncovered regarding subject’s operating history or the manner in which payments are fulfilled. As such the company is considered to be a fair trade risk.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.56
UK Pound	1	Rs.85.52
Euro	1	Rs.69.50

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%)

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.