MIRA INFORM REPORT

Report Date :

09.05.2012

IDENTIFICATION DETAILS

Name :	ZAHRAT AL ZANBAGA TRADING CORP

Registered Office :	Nukhbah Centre, 113 King Fahad Street, P O Box 375279, Riyadh 11521

Country :	Saudi Arabia

Date of Incorporation :	20.02.1996

Com. Reg. No.:	1010140841, Riyadh

Legal Form :	Sole Proprietorship

Line of Business :	Distributors of general foodstuffs, textiles and general merchandise

No. of Employees :	05

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)

Saudi Arabia

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

SUMMARY

Company Name : ZAHRAT AL ZANBAGA TRADING CORP

Country of Origin : Saudi Arabia

Legal Form : Sole Proprietorship

Registration Date : 20^th February 1996

Commercial Registration Number : 1010140841, Riyadh

Chamber Membership Number : 76861

Invested Capital : SR 30,000

Total Workforce : 5

Activities : Distributors of general foodstuffs, textiles and general merchandise

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

COMPANY NAME

ZAHRAT AL ZANBAGA TRADING CORP

company ADDRESS

Registered & Physical Address

Building : Nukhbah Centre

Street : 113 King Fahad Street

PO Box : 375279

Town : Riyadh 11521

Country : Saudi Arabia

Telephone : (966-1) 2481611

Facsimile : (966-1) 2481611

Mobile : (966-55) 4428161

Premises

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

KEY PRINCIPALS

Name Position

· Jaser Awad Al Anzi Proprietor & General Manager

LEGAL FORM & OWNERS

Date of Establishment : 01/10/1416 Hijri (corresponding to 20^th February 1996)

Legal Form : Sole Proprietorship

Commercial Reg. No. : 1010140841, Riyadh

Chamber Member No. : 76861

Invested Capital : SR 30,000

Mr Jaser Awad Al Anzi is the sole proprietor of the business.

OPERATIONS

Activities: Engaged in the import and distribution of general foodstuffs, textiles and general merchandise.

Subject has a workforce of 5 employees.

FINANCIAL DATA

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

BANKERS

· National Commercial Bank

Malaz Branch

PO Box: 42536

Riyadh 11551

Tel: (966-1) 4776450

Fax: (966-1) 4769502

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

Please note that we were unable to contact the subject directly during our investigation.

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 business is considered to be a fair trade risk.

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%)

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.