MIRA INFORM REPORT

Report Date :

23.06.2012

IDENTIFICATION DETAILS

Name :	DODHYS MEDICAL LTD FZC

Registered Office :	Plot No. H1-06, Saif Zone, P O Box 7752, Sharjah

Country :	United Arab Emirates

Financials (as on) :	31.12.2011

Date of Incorporation :	14.04.1996

Com. Reg. No.:	03-04-00330

Legal Form :	Free Zone Company

Line of Business :	Assemblers of medical equipment and machinery

No. of Employees :	11

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)

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 : DODHYS MEDICAL LTD FZC

Country of Origin : Sharjah, United Arab Emirates

Legal Form : Free Zone Company - FZC

Registration Date : 14^th April 1996

Commercial Registration Number : 03-04-00330

Issued Capital : UAE Dh 1,000,000

Paid up Capital : UAE Dh 1,000,000

Total Workforce : 11

Activities : Assemblers of medical equipment and machinery

Financial Condition : Fair

Payments : Nothing detrimental uncovered

Operating Trend : Steady

Person Interviewed : Merry Shine, Accountant

COMPANY NAME

DODHYS MEDICAL LTD FZC

company ADDRESS

Registered & Physical Address

Location : Plot No. H1-06, Saif Zone

PO Box : 7752

Town : Sharjah

Country : United Arab Emirates

Telephone : (971-6) 5571787

Facsimile : (971-6) 5571791

Email : sales@dodhys.com / dodhys@emirates.net.ae

Premises

Subject operates from a suite of offices and a workshop covering 1,200 m2 that are rented and located in the Saif Zone Area of Sharjah.

KEY PRINCIPALS

Name Nationality Position

· Bilal Dodhy Pakistani Managing Director

· Hamd Dodhy Pakistani Director

· Merry Shine - Accountant

LEGAL FORM & OWNERS

Date of Establishment : 14^th April 1996

Legal Form : Free Zone Company - FZC

Commercial Reg. No. : 03-04-00330

Issued Capital : UAE Dh 1,000,000

Paid up Capital : UAE Dh 1,000,000

Name of Shareholder (s)

· Bilal Dodhy

· Hamd Dodhy

AFFILIATED COMPANIES

· Dodhys Agencies Pvt Ltd

Lahore

Pakistan

OPERATIONS

Activities: Engaged in the assembly of medical equipment and machinery, such as anaesthesia machines, suction units, flow regulators, oxygen therapy sets, ventilators, probes, connectors and cylinder trolleys.

Subject is ISO 9002 accredited.

Import Countries: Europe and the Far East.

Operating Trend: Steady

Subject has a workforce of 11 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 12,720,000 UAE Dh 13,050,000

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

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

BANKERS

· National Bank of Sharjah

Al Boorj Avenue

PO Box: 4

Sharjah

Tel: (971-6) 5547747

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.56.99
UK Pound	1	Rs.88.97
Euro	1	Rs.71.57

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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