MIRA INFORM REPORT

Report Date :

19.05.2012

IDENTIFICATION DETAILS

Name :	MUHAMMAD AHMAD AL OBAID TRADING EST

Registered Office :	Macca Road, Cross No. 15, Thouqbah Area, P O Box 31308, Al Khobar 31952

Country :	Saudi Arabia

Financials (as on) :	31.12.2011

Date of Incorporation :	01.04.2007

Com. Reg. No.:	2050057080, Al Khobar

Legal Form :	Sole Proprietorship

Line of Business :	Wholesalers and retailers of mobile telephones

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 : MUHAMMAD AHMAD AL OBAID TRADING EST

Country of Origin : Saudi Arabia

Legal Form : Sole Proprietorship

Registration Date : 1^st April 2007

Commercial Registration Number : 2050057080, Al Khobar

Chamber Membership Number : 83978

Invested Capital : SR 40,000

Total Workforce : 5

Activities : Wholesalers and retailers of mobile telephones

Financial Condition : Fair

Payments : Nothing detrimental uncovered

Operating Trend : Steady

COMPANY NAME

MUHAMMAD AHMAD AL OBAID TRADING EST

company ADDRESS

Registered & Physical Address

Street : Macca Road, Cross No. 15

Area : Thouqbah Area

PO Box : 31308

Town : Al Khobar 31952

Country : Saudi Arabia

Telephone : (966-3) 8895776

Facsimile : (966-3) 8895776

Mobile : (966-50) 0550548

Premises

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

KEY PRINCIPALS

Name Position

· Muhammad Ahmad Al Obaid Proprietor & General Manager

· Mohamed Abdul Qader Sales Manager

LEGAL FORM & OWNERS

Date of Establishment : 1^st April 2007

Legal Form : Sole Proprietorship

Commercial Reg. No. : 2050057080, Al Khobar

Chamber Member No. : 83978

Invested Capital : SR 40,000

Mr Muhammad Ahmad Al Obaid is the sole proprietor of the business.

OPERATIONS

Activities: Engaged in the wholesale and retail of mobile telephones, batteries, chargers, cases, cover and other

related accessories.

Import Countries: Europe and the Far East.

Operating Trend: Steady

Subject has a workforce of 5 employees.

FINANCIAL DATA

Financial highlights provided by local sources are given below:

Currency: Saudi Riyals (SR)

Year Ending 31/12/10: Year Ending 31/12/11:

Total Sales SR 7,670,000 SR 8,025,000

Local sources consider subject’s financial condition to be Fair.

The above financial figures are based on estimations by our local sources.

BANKERS

· National Commercial Bank

PO Box: 1

Al Khobar 31952

Tel: (966-3) 8949669

Fax: (966-3) 8646474

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 business is considered to be a fair trade risk.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.88
UK Pound	1	Rs.86.46
Euro	1	Rs.69.49

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.