MIRA INFORM REPORT

Report Date :

11.06.2012

IDENTIFICATION DETAILS

Name :	INDOGULF SALES & SERVICES TRADING EST

Registered Office :	Saad Soud Al Shallahi Complex, 2nd floor, Office No. 16 PO Box 41493 Jaleeb Al Shuyoukh 85855

Country :	Kuwait

Date of Incorporation :	11.01.2012

Com. Reg. No.:	333881

Legal Form :	Sole Proprietorship

Line of Business :	Importers and commission agents dealing in home furniture, door mats, dried foodstuff, rice, medical supplies and stationery items

No. of Employees :	5

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)

Kuwait

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

SUMMARY

Company Name : INDOGULF SALES & SERVICES TRADING EST

Country of Origin : Kuwait

Legal Form : Sole Proprietorship

Registration Date : 11^th January 2012

Commercial Registration Number : 333881

Chamber Membership Number : 130851

Invested Capital : KD 20,000

Total Workforce : 5

Activities : Importers and commission agents dealing in home furniture, door mats,

dried foodstuff, rice, medical supplies and stationery items

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

Person Interviewed : Ms M.K. Leelama, Administrative Officer

COMPANY NAME

INDOGULF SALES & SERVICES TRADING EST

ADDRESS

Registered & Physical Address

Location : Saad Soud Al Shallahi Complex, 2nd floor, Office No. 16

PO Box : 41493

Town : Jaleeb Al Shuyoukh 85855

Country : Kuwait

Telephone : (965) 24312708 / 24312867

Facsimile : (965) 24332867 / 24312867

Mobile : (965) 65000525

Email : info@indogulfsales.com / indogulf@live.in

Premises

Subject operates from a small suite of offices that are rented and located in the Central Business Area of Jaleeb Al Shuyoukh.

KEY PRINCIPALS

Name Position

· Ms Manal Aqeel Share Al Dhafeeri Proprietor

· Yousef Mohamed Al Dhafeeri General Manager

· Sunil Sabastian Sales Manager

· Ms M.K. Leelama Administrative Officer

LEGAL FORM & OWNERS

Date of Establishment : 11^th January 2012

Legal Form : Sole Proprietorship

Commercial Reg. No. : 333881

Chamber Member No. : 130851

Invested Capital : KD 20,000

Ms Manal Aqeel Share Al Dhafeeri is the sole proprietor of the business.

OPERATIONS

Activities: Engaged as importers and commission agents dealing in home furniture, door mats, dried foodstuff, rice, medical supplies and stationery items.

Import Countries: India

Subject has a workforce of 5 employees.

FINANCIAL DATA

Subject is a newly formed business and as a result financial information is not currently available.

BANKERS

· Kuwait Finance House

Shamaly Street

Jahra

Tel: (965) 24550006

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

In view of subject’s infancy, extensive payment and financial are not available, therefore dealings are recommended to be on secured terms, and a close monitoring of subject’s business development is advisable.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.36
UK Pound	1	Rs.85.64
Euro	1	Rs.69.21

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.