MIRA INFORM REPORT

Report Date :

15.06.2012

IDENTIFICATION DETAILS

Name :	EURO STAR GENERAL TRADING & CONTRACTING WLL

Registered Office :	Sabhan, Block 6, Street 61, Plot No. 66, Shuwaikh, P O Box 42286, Safat 70653

Country :	Kuwait

Financials (as on) :	31.12.2011

Date of Incorporation :	18.09.2006

Com. Reg. No.:	7914

Legal Form :	With Limited Liability

Line of Business :	Distribution of marble, granite and ceramics

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)

Kuwait

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

SUMMARY

Company Name : EURO STAR GENERAL TRADING & CONTRACTING WLL

Country of Origin : Kuwait

Legal Form : With Limited Liability - WLL

Registration Date : 18^th September 2006

Commercial Registration Number : 7914

Chamber Membership Number : 10414

Issued Capital : KD 50,000

Paid up Capital : KD 50,000

Total Workforce : 12

Activities : Distribution of marble, granite and ceramics

Financial Condition : Fair

Payments : Nothing detrimental uncovered

Operating Trend : Steady

Person Interviewed : Micheal Marian, Commercial Manager

COMPANY NAME

EURO STAR GENERAL TRADING & CONTRACTING WLL

company ADDRESS

Registered & Physical Address

Location : Sabhan, Block 6, Street 61, Plot No. 66

Area : Shuwaikh

PO Box : 42286

Town : Safat 70653

Country : Kuwait

Telephone : (965) 50225422 / 25726705

Facsimile : (965) 25726705

Mobile : (965) 99040567

Email : marianszerozero@hotmail.com

Premises

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

KEY PRINCIPALS

Name Position

· Rolan Hana Abd Managing Director

· Abdulaziz Ahmed Mohamed Rodeddine Director

· Micheal Marian Commercial Manager

LEGAL FORM & OWNERS

Date of Establishment : 18^th September 2006

Legal Form : With Limited Liability - WLL

Commercial Reg. No. : 7914

Chamber Member No. : 10414

Issued Capital : KD 50,000

Paid up Capital : KD 50,000

Name of Shareholder (s)

· Rolan Hana Abd

· Abdulaziz Ahmed Mohamed Rodeddine

OPERATIONS

Activities: Engaged in the import and distribution of marble, granite and ceramics.

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: Kuwaiti Dinars (KD)

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

Total Sales KD 1,415,000 KD 1,580,000

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

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

BANKERS

· Commercial Bank of Kuwait SAK

Mubarak Al Kabir Street

PO Box: 2861

Safat 13029

Tel: (965) 22411001

Fax: (965) 22450150

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

Local sources report that payment obligations are met in a generally timely manner and the operating history is clear. As such the company is deemed a fair trade risk and the above credit figure is considered to be within subject’s financial means.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.79
UK Pound	1	Rs.86.37
Euro	1	Rs.70.07

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%)

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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.