MIRA INFORM REPORT

Report Date :

29.06.2012

IDENTIFICATION DETAILS

Name :	RETAJ QATAR TRADING COMPANY WLL

Registered Office :	Bin Thani Building, 2^nd Floor Gold Souq PO Box 37198 Doha

Country :	Qatar

Date of Incorporation :	23.12.2004

Com. Reg. No.:	29474, Doha

Legal Form :	With Limited Liability - WLL

Line of Business :	Providers of recruitment and manpower supply services.

No. of Employees :	200

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)

Qatar

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

SUMMARY

Company Name : RETAJ QATAR TRADING COMPANY WLL

Country of Origin : Qatar

Legal Form : With Limited Liability - WLL

Registration Date : 23^rd December 2004

Commercial Registration Number : 29474, Doha

Issued Capital : QR 200,000

Paid up Capital : QR 200,000

Total Workforce : 200

Activities : Providers of recruitment and manpower supply services.

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

Person Interviewed : Shareef Sayed, Administration Manager

COMPANY NAME

RETAJ QATAR TRADING COMPANY WLL

ADDRESS

Registered & Physical Address

Building : Bin Thani Building, 2^nd Floor

Area : Gold Souq

PO Box : 37198

Town : Doha

Country : Qatar

Telephone : (974) 44429425 / 44427417

Facsimile : (974) 44429425

Mobile : (974) 55944525

Email : info@retajqatar.com / retajqatar@gmail.com

Premises

Subject operates from a large suite of offices that are rented and located in the Central Business Area of Doha.

KEY PRINCIPALS

Name Nationality Position

· Mubarak Bin Ali Al Adfa Qatari Managing Director

· Mohamed Siddiq Budiyavel Indian Director

· Shareef Sayed - Administration Manager

· Essam Mostafa - Public Relations Manager

LEGAL FORM & OWNERS

Date of Establishment : 23^rd December 2004

Legal Form : With Limited Liability - WLL

Commercial Reg. No. : 29474, Doha

Issued Capital : QR 200,000

Paid up Capital : QR 200,000

Name of Shareholder (s)

· Mubarak Bin Ali Al Adfa

· Mohamed Siddiq Budiyavel

OPERATIONS

Activities: Engaged as providers of recruitment and manpower supply services.

Subject has a workforce of approximately 200 employees.

FINANCIAL DATA

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

BANKERS

· Commercial Bank of Qatar Ltd (QSC)

Salwa Road

PO Box: 3232

Doha

Tel: (974) 44490222

Fax: (974) 44438182

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.56.92
UK Pound	1	Rs.88.91
Euro	1	Rs.71.25

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%)

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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.