MIRA INFORM REPORT

Report Date :

10.05.2012

IDENTIFICATION DETAILS

Name :	ECLAT TRADING CO WLL
Registered Office :	Al Saad Area, 9059 Doha
Country :	Qatar
Date of Incorporation :	19.05.2011
Com. Reg. No.:	51277, Doha
Legal Form :	With Limited Liability - WLL
Line of Business :	Distributors of laboratory equipment, furniture and electrical products
No. of Employees :	3

RATING & COMMENTS

MIRA’s Rating :

NB

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 – September 30, 2011

Country Name	Previous Rating (31.12.2011)	Current Rating (31.03.2012)
Qatar	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 : ECLAT TRADING CO WLL

Country of Origin : Qatar

Legal Form : With Limited Liability - WLL

Registration Date : 19^th June 2011

Commercial Registration Number : 51277, Doha

Trade Licence Number : 80609

Issued Capital : QR 200,000

Paid up Capital : QR 200,000

Total Workforce : 3

Activities : Distributors of laboratory equipment, furniture and electrical products

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

Person Interviewed : K A Abdul Jabbar, Managing Director

COMPANY NAME

ECLAT TRADING CO WLL

ADDRESS

Registered & Physical Address

Location : Al Saad Area

PO Box : 9059

Town : Doha

Country : Qatar

Telephone : (974) 44311288

Facsimile : (974) 44311288

Mobile : (974) 55527199

Email : eclat@qatar.net.qa / kajabbar@qatar.net.qa

Premises

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

KEY PRINCIPALS

Name Nationality Position

· K A Abdul Jabbar Indian Managing Director

· Ali Jassim Zainin Qatari Director

LEGAL FORM & OWNERS

Date of Establishment : 19^th June 2011

Legal Form : With Limited Liability - WLL

Commercial Reg. No. : 51277, Doha

Trade Licence No. : 80609

Issued Capital : QR 200,000

Paid up Capital : QR 200,000

Name of Shareholder (s)

· K A Abdul Jabbar

· Ali Jassim Zainin

AFFILIATED COMPANIES

· Al Zaini Trading & Real Estate Co

Doha

· Al Dar Technical Marketing Centre

Doha

OPERATIONS

Activities: Engaged in the import and distribution of laboratory equipment, furniture and electrical products.

Import Countries: Europe and India.

Agencies Held:

· Zeba Lab Furniture (Pvt) Ltd India

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

· Al Rayyan Bank

PO Box: 28888

Doha

Tel: (974) 44253333

Fax: (974) 44253312

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.53.46
UK Pound	1	Rs.86.27
Euro	1	Rs.69.40

INFORMATION DETAILS

Report Prepared by :

PDT

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.