MIRA INFORM REPORT

Report Date :

02.03.2012

IDENTIFICATION DETAILS

Name :	CORAL LIMITED

Registered Office :	Al Mamouram Juba Turn, P O Box 1899, Khartoum

Country :	Sudan

Year of Establishment :	1998

Legal Form :	Limited Liability Company

Line of Business :	Distributors of medical and pharmaceutical products

No. of Employees :	05

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	US$ 40,000
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 – September 30^th, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Sudan

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

SUMMARY

Company Name : CORAL LIMITED

Country of Origin : Sudan

Legal Form : Limited Liability Company

Registration Date : 1998

Chamber Membership Number : 76

Issued Capital : SD 10,000

Paid up Capital : SD 10,000

Total Workforce : 5

Activities : Distributors of medical and pharmaceutical products.

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

Recommended Credit Limit : US$ 40,000

COMPANY NAME

CORAL LIMITED

company ADDRESS

Registered & Physical Address

Location : Al Mamouram Juba Turn

PO Box : 1899

Town : Khartoum

Country : Sudan

Telephone : (249-183) 247557 / 469250

Facsimile : (249-183) 247560 / 469248

Email : coralco@sudanmail.net

Premises

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

KEY PRINCIPALS

Name Position

· Ibrahim Hassab Al Rasoul Managing Director

LEGAL FORM & OWNERS

Date of Establishment : 1998

Legal Form : Limited Liability Company

Chamber Member No. : 76

Issued Capital : SD 10,000

Paid up Capital : SD 10,000

Name of Shareholder (s)

· Ibrahim Hassab Al Rasoul

OPERATIONS

Activities: Engaged in the import and distribution of medical and pharmaceutical products.

Import Countries: Europe and the Far East.

Subject has a workforce of 5 employees.

FINANCIAL DATA

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

BANKERS

· Mashreq Bank PSC

PO Box: 371

Baldia Street

Khartoum

Tel: (249-183) 772881

Fax: (249-183) 772969

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.49.15
UK Pound	1	Rs.78.25
Euro	1	Rs.65.57

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.