MIRA INFORM REPORT

Report Date :

12.05.2012

IDENTIFICATION DETAILS

Name :	QATAR INTERNATIONAL CABLES COMPANY WLL (QICC)
Registered Office :	Mesaieed Industrial City, Plot 92320008, P O Box 15991, Doha
Country :	Egypt
Date of Incorporation :	02.06.2008
Com. Reg. No.:	37764, Doha
Legal Form :	With Limited Liability
Line of Business :	Manufacturers of low, medium and high voltage cables
No. of Employees :	240

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^st, 2012

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 : QATAR INTERNATIONAL CABLES COMPANY WLL (QICC)

Country of Origin : Qatar

Legal Form : With Limited Liability - WLL

Registration Date : 2^nd June 2008

Commercial Registration Number : 37764, Doha

Issued Capital : QR 54,600,000

Paid up Capital : QR 54,600,000

Total Workforce : 240

Activities : Manufacturers of low, medium and high voltage cables

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

Person Interviewed : Jawad Hemid, Human Resources Manager

COMPANY NAME

QATAR INTERNATIONAL CABLES COMPANY WLL (QICC)

company ADDRESS

Registered & Physical Address

Location : Mesaieed Industrial City, Plot 92320008

PO Box : 15991

Town : Doha

Country : Qatar

Telephone : (974) 44085100 / 44673009 / 44665557

Facsimile : (974) 44673230 / 44650680

Mobile : (974) 55854051 / 55890445

Email : jhemid@qicc-qatar.com / info@qicc-qatar.com

Premises

Subject operates from a large suite of offices and a factory that are rented and located in the Industrial Area of Doha.

Branch Office (s)

Location Description

· Al Mishaal Street Office premises

New Salata

Doha

KEY PRINCIPALS

Name Position

· Charles Edward Magy General Manager

· Ralph Scheidecker Supply Manager

· Mostaf Dbouk Sales Manager

· Jawad Hemid Human Resources Manager

LEGAL FORM & OWNERS

Date of Establishment : 2^nd June 2008

Legal Form : With Limited Liability - WLL

Commercial Reg. No. : 37764, Doha

Issued Capital : QR 54,600,000

Paid up Capital : QR 54,600,000

Name of Shareholder (s) Percentage

· Al Mirqab Co 70%

Doha

·

· Nexan Cable 30%

France

OPERATIONS

Activities: Engaged in the manufacture of low, medium and high voltage cables.

Import Countries: Europe and the Far East.

Subject has a workforce of approximately 240 employees.

FINANCIAL DATA

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

BANKERS

· International Bank of Qatar

Al Sadd

Doha

Tel: (974) 44478000

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

Local sources report that payment obligations are met in a generally timely manner and the operating history is clear. As such the company is deemed a fair trade risk and the above credit figure is considered to be within subject’s financial means.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.64
UK Pound	1	Rs.86.42
Euro	1	Rs.69.29

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.