MIRA INFORM REPORT

Report Date :

30.06.2012

IDENTIFICATION DETAILS

Name :	AL TOPRANI TRADING & CONTRACTING LLC
Registered Office :	Honda Street, PO Box : 98, Muscat 112
Country :	Oman
Date of Incorporation :	26.05.2003
Com. Reg. No.:	1/72296/9
Legal Form :	Limited Liability Company – LLC
Line of Business :	Distributors of agricultural and industrial fabrics
No. of Employees :	25

RATING & COMMENTS

MIRA’s Rating :

Ba

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, 2012

Country Name	Previous Rating (31.12.2011)	Current Rating (31.03.2012)
Oman	A2	A2

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

SUMMARY

Company Name : AL TOPRANI TRADING & CONTRACTING LLC

Country of Origin : Oman

Legal Form : Limited Liability Company – LLC

Registration Date : 26^th May 2003

Commercial Registration Number : 1/72296/9

Issued Capital : RO 150,000

Paid up Capital : RO 150,000

Total Workforce : 25

Activities : Distributors of agricultural and industrial fabrics

Financial Condition : Fair

Payments : Nothing detrimental uncovered

Operating Trend : Steady

COMPANY NAME

AL TOPRANI TRADING & CONTRACTING LLC

ADDRESS

Registered & Physical Address

Location : Honda Street

PO Box : 98

Town : Muscat 112

Country : Oman

Telephone : (968) 24837247 / 24832270

Facsimile : (968) 24832269 / 24498773

Email : info@altoprani.com

Premises

Subject operates from a medium sized suite of offices and a warehouse that are rented and located in the Industrial Area of Muscat.

KEY PRINCIPALS

Name Position

Jiwan Toprani Managing Director

Madu Toprani Director

LEGAL FORM & OWNERS

Date of Establishment : 26^th May 2003

Legal Form : Limited Liability Company – LLC

Commercial Reg. No. : 1/72296/9

Issued Capital : RO 150,000

Paid up Capital : RO 150,000

Name of Shareholder (s)

Jiwan Toprani

Madu Toprani

OPERATIONS

Activities: Engaged in the import and distribution of agricultural and industrial fabrics, including tarpaulins, cloches, plastic netting, capillary mats, tree guards, weed control fabric, gutter guards, wire mesh, debris netting, safety barriers, scaffold sheeting, golf nets and plastic mesh.

Import Countries: Europe and the Far East.

Operating Trend: Steady

Subject has a workforce of 25 employees.

FINANCIAL DATA

Financial highlights provided by local sources are given below:

Currency: Riyal Omani (RO)

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

Total Sales RO 1,280,000 RO 1,400,000

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 Oman Limited (SAOG)

Hamriya

PO Box: 586

Muscat 112

Tel: (968) 24833792

Fax: (968) 24833147

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

During the course of this investigation nothing detrimental was uncovered regarding subject’s operating history or the manner in which payments are fulfilled. As such the company is considered to be a fair trade risk.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.56.31
UK Pound	1	Rs.88.06
Euro	1	Rs.70.91

INFORMATION DETAILS

Report Prepared by :

SHG

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.