MIRA INFORM REPORT

Report Date :

28.06.2012

IDENTIFICATION DETAILS

Name :	O PLUS E HOLDINGS PVT LTD
Registered Office :	8Fl H Thuniya Bldg Boduthakurufaanu Magu, Male
Country :	Maldives
Date of Incorporation :	10.06.2009
Legal Form :	Private Company with Limited Liability
Line of Business :	Professional Services like, Business services, health, financial/insur. legal/real estate, hotels, and misc repairs
No. of Employees :	350

RATING & COMMENTS

MIRA’s Rating :

B

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)
Maldives	C1	C1

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

REGISTERED NAME & COMPANY SUMMARY

Company Details
Organization Name	:	O PLUS E HOLDINGS PVT LTD
Address	:	8Fl H Thuniya Bldg Boduthakurufaanu Magu, Male
Country	:	Maldives
Phone (S)	:	[+960]-3005552
Facsimile	:	[+960]-3005553
Primary Business Activity	:	Service
Key Industry	:	Professional Services

Key Facts
Registered Legal Address	:	8Fl H Thuna Bldg Boduthakurufaanu Magu, Male
Operational Address	:	8Fl H Thuniya Bldg Boduthakurufaanu Magu, Male
Trading Name	:	O+E HOLDINGS PVT LTD
Issuing Authority	:	Ministry of Economic Development - National
License Number	:	C-0470/2009
License Status	:	License exists - Normal.
Legal Form - Category	:	Private Company with Limited Liability
Legal Form	:	Private Limited
Legal Form - Abbreviation	:	PVT LTD
Operational Status of Business	:	Normal
Date of Registration	:	10 Jun, 2009
Employees	:	350
Capital	:	n/a^(1)

DIRECTORS/MANAGEMENT

COMPANY MANAGEMENT

Management Listings

	Name	Nationality	Job Description	Dept. / Division
1	Mr. Sanjay Maniku	Maldivian	Manager	-

Management Details - 1

Personal Unique Identifier	:	MI02997035
Name	:	Mr. Sanjay Maniku

COMPANY DIRECTORS

1
Personal Unique Identifier	:	MI02997133
Name	:	Dr. Ibrahim Umaru Maniku
Nationality	:	Maldivian
2
Personal Unique Identifier	:	MI02997035
Name	:	Mr. Sanjay Maniku
Nationality	:	Maldivian

Based on corporate statutory laws /regulations in Maldives, there is no requirement for public disclosure of Director. In this case, the Director information was supplied by the Subject Business Entity.
However in the absence of data normally obtained from local Statutory Authorities, it is not possible to verify the accuracy of data supplied and hence is provided as reference ONLY.

NEGATIVE INFORMATION

REPUTATION

Due to the recent incorporation of the O PLUS E HOLDINGS PVT LTD, and the relatively small nature of its business, no meaningful points of reference in terms of reputation within the respective industry was possible.

ADVERSE DATA MONITORING

DISHONORED CHECKS

No Record Found

DEBT	No Record Found

LITIGATION

No Record Found

PERFORMANCE DEFAULTS

No Record Found

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

No Record Found

SHARE & SHARE CAPITAL INFORMATION

SHAREHOLDERS

Total number of shareholders	:	2
Total number of shares	:	n/a

No.	Shareholders	Country	Shares
			Number	Amount	%
1	Dr. Ibrahim Umaru Maniku	Maldives	n/a	n/a	n/a
2	Mr. Sanjay Maniku	Maldives	n/a	n/a	n/a
Total			n/a	n/a	n/a

Based on corporate statutory laws /regulations in Maldives, there is no requirement for public disclosure of Shareholders. In this case, the Shareholder information was supplied by the Subject Business Entity.
However in the absence of data normally obtained from local Statutory Authorities, it is not possible to verify the accuracy of data supplied and hence is provided as reference ONLY.

PAYMENT INFORMATION

Na

GROUP STRUCTURE & AFFILIATED COMPANIES

Na

FINANCIAL INFORMATION

FINANCIAL STATEMENT - DETAILED

Based on the corporate laws of Maldives, legal entities which are Private Company with Limited Liability are not required to make public disclosure of their annual financials. Therefore no financials are available for this entity.

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

Employees		:	350
	Report Details

Country	:	Maldives
Business Entity Name	:	O PLUS E HOLDINGS PVT LTD
Primary Business Activity	:	Service
Primary Industry	:	Professional Services
Office Contact Details
Operating Address	:	8Fl H Thuniya Bldg Boduthakurufaanu Magu, Male
Tel	:	[+960]-3005552
Fax	:	[+960]-3005553

 Primary Products

Products / Materials / Services Description	Activity
Construction	Service
Property development	Service
Real estate development	Service
Resort construction	Service
Resort development	Service

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Heavy Construction, NEC	1629	Service
Real Estate	6500	Service

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Agric, construction, trans, electric/ gas/ sanitary, eng & mgmt & envir.quality	9800	Service
Business services, health, financial/insur. legal/real estate, hotels, and misc repairs	9900	Service
Heavy construction	9818	Service
Subdividers and developers	9941	Service

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of O PLUS E HOLDINGS PVT LTD is Specialized professional services, including:

· Construction

· Property development

· Real estate development

DOMESTIC SALES & PURCHASES

Annual Sales Analysis	Percentage
Domestic Sales	100%

OFFICE & FACILITIES

Name	:	O PLUS E HOLDINGS PVT LTD - MALE
Address	:	8Fl H Thuniya Bldg Boduthakurufaanu Magu, Male
Country	:	Maldives
Status	:	Operational

PREVIOUS CONTACT DETAILS

Company Address

:

2Fl Meerubahuruge Aage Ameeru Ahmed Magu, Male

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.57.21
UK Pound	1	Rs.89.42
Euro	1	Rs.71.46

INFORMATION DETAILS

Report Prepared by :

PDT

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.