MIRA INFORM REPORT

Report Date :

19.05.2012

IDENTIFICATION DETAILS

Name :	TLD MEAI FZE

Registered Office :	Airbus Building, Dubai Airport Free Zone, P O Box 54915, Dubai

Country :	United Arab Emirates

Year of Establishment :	2008

Legal Form :	Free Zone Establishment

Line of Business :	Distributors of airport ground support equipment

No. of Employees :	06

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)

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 : TLD MEAI FZE

Country of Origin : Dubai, United Arab Emirates

Legal Form : Free Zone Establishment – FZE

Start Date : 2008

Registration Date : 4^th March 2012

Trade Licence Number : 2242

Issued Capital : UAE Dh 1,000,000

Paid up Capital : UAE Dh 1,000,000

Total Workforce : 6

Activities : Distributors of airport ground support equipment.

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

Person Interviewed : Shabir Pedkar, Administration Manager

COMPANY NAME

TLD MEAI FZE

company ADDRESS

Registered & Physical Address

Building : Airbus Building

Area : Dubai Airport Free Zone

PO Box : 54915

Town : Dubai

Country : United Arab Emirates

Telephone : (971-4) 7030409 / 703041

Facsimile : (971-4) 2995852

Mobile : (971-50) 1051207

Email : Christophe.lesbaudy@tld-meai.com

Premises

Subject operates from a small suite of offices and a warehouse that are rented and located in the Dubai Airport Free Zone Area of Dubai.

KEY PRINCIPALS

Name Position

· Christophe Lesbaudy Managing Director

· Robert Sterry Technical Manager

· Kenneth Lloyds Sales Manager

· Shabir Pedkar Administration Manager

LEGAL FORM & OWNERS

Date of Establishment : 2008, however subject was registered on 4^th March 2012.

Legal Form : Free Zone Establishment - FZE

Trade Licence No. : 2242 (Expires 03/03/2013)

Issued Capital : UAE Dh 1,000,000

Paid up Capital : UAE Dh 1,000,000

Name of Shareholder (s) Percentage

· TLD Europe 100%

Paris, France

OPERATIONS

Activities: Engaged in the import and distribution of airport ground support equipment.

Import Countries: Europe and the Far East.

Subject has a workforce of 6 employees.

FINANCIAL DATA

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

BANKERS

· Dubai Islamic Bank

PO Box: 1080

Dubai

Tel: (971-4) 2953000

Fax: (971-4) 2954111

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 company 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%)

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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.