MIRA INFORM REPORT

Report Date :

09.05.2012

IDENTIFICATION DETAILS

Name :	HUMS TRADING LLC

Registered Office :	Al Jawarah Building, Office No. 304, Bank Street, Bur Dubai, P O Box 112878, Dubai

Country :	United Arab Emirates

Date of Incorporation :	26.02.2011

Com. Reg. No.:	1071866, Dubai

Legal Form :	Limited Liability Company

Line of Business :	Distributors of metal alloys

No. of Employees :	03

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
----	NB	New Business	----

Status :	New company

Payment Behaviour :	Unknown

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 : HUMS TRADING LLC

Country of Origin : Dubai, United Arab Emirates

Legal Form : Limited Liability Company - LLC

Registration Date : 26^th February 2011

Commercial Registration Number : 1071866, Dubai

Trade Licence Number : 650340

Chamber Membership Number : 190522

Issued Capital : UAE Dh 300,000

Paid up Capital : UAE Dh 300,000

Total Workforce : 3

Activities : Distributors of metal alloys.

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

COMPANY NAME

HUMS TRADING LLC

company ADDRESS

Registered & Physical Address

Building : Al Jawarah Building, Office No. 304

Street : Bank Street

Area : Bur Dubai

PO Box : 112878

Town : Dubai

Country : United Arab Emirates

Telephone : (971-4) 3425214

Facsimile : (971-4) 3425274

Email : info@humstrading.ae

Premises

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

KEY PRINCIPALS

Name Nationality Position

· Huzaifa Sashwani Altaf Hussain Pakistani Managing Director

· Altaf Hussain Sashwani Pakistani Director

· Mohamed Juma Mohamed Al Mokhayni Al Jonibi Emirati Director

LEGAL FORM & OWNERS

Date of Establishment : 26^th February 2011

Legal Form : Limited Liability Company - LLC

Commercial Reg. No. : 1071866, Dubai

Trade Licence No. : 650340

Chamber Member No. : 190522

Issued Capital : UAE Dh 300,000

Paid up Capital : UAE Dh 300,000

Name of Shareholder (s) Percentage

· Mohamed Juma Mohamed Al Mokhayni Al Jonibi 51%

· Huzaifa Sashwani Altaf Hussain 25%

· Altaf Hussain Sashwani 24%

OPERATIONS

Activities: Engaged in the import and distribution of metal alloys, including electrolytic tin plate, tin mill black plate, cold and hot rolled coils, hot dip galvanized and pre-painted coils and electro galvalume coils.

Import Countries: Europe and the Far East.

Subject has a workforce of 3 employees.

FINANCIAL DATA

Subject is a newly formed business and as a result financial information is not currently available.

BANKERS

· National Bank of Dubai

Baniyas Street

PO Box: 777

Dubai

Tel: (971-4) 2222241

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

In view of subject’s infancy, extensive payment and financial are not available, therefore dealings are recommended to be on secured terms, and a close monitoring of subject’s business development is advisable.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.34
UK Pound	1	Rs.86.09
Euro	1	Rs.69.37

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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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.