MIRA INFORM REPORT

Report Date :

30.05.2012

IDENTIFICATION DETAILS

Name :	SAUDI INDUSTRIAL BEVERAGES CO LTD

Registered Office :	2^nd Industrial City PO Box 5538 & 16495 Jeddah 21464

Country :	Saudi Arabia

Date of Incorporation :	01.07.2011

Legal Form :	Limited Liability Company

Line of Business :	Producers of soft drinks, beverages and carbonated water.

No. of Employees :	20

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	New Company
Payment Behaviour :	No Complaints
Litigation :	Clea

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 : SAUDI INDUSTRIAL BEVERAGES CO LTD

Country of Origin : Saudi Arabia

Legal Form : Limited Liability Company

Registration Date : 1^st July 2011

Chamber Membership Number : 137418

Issued Capital : SR 500,000

Paid up Capital : SR 500,000

Total Workforce : 20

Activities : Producers of soft drinks, beverages and carbonated water.

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

Person Interviewed : Mohamed Darwish, Administration Manager

COMPANY NAME

SAUDI INDUSTRIAL BEVERAGES CO LTD

ADDRESS

Registered & Physical Address

Location : 2^nd Industrial City

PO Box : 5538 & 16495

Town : Jeddah 21464

Country : Saudi Arabia

Telephone : (966-2) 6692333 / 2753957 / 2753958

Facsimile : (966-2) 2753959

Mobile : (966-50) 5591844

Email : mohammed.darwaish@sipco.net.sa

Premises

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

KEY PRINCIPALS

Name Position

· Sheikh Ahmed Salem Bugshan Chairman

· Amer Morshidi General Manager

· Ahmed Al Muhailem Commercial Manager

· Sade Eddine Sharally Finance Manager

· Mohamed Darwish Administration Manager

LEGAL FORM & OWNERS

Date of Establishment : 1^st July 2011

Legal Form : Limited Liability Company

Chamber Member No. : 137418

Issued Capital : SR 500,000

Paid up Capital : SR 500,000

Name of Shareholder (s) Percentage

· Saudi Industrial Projects Co (SIPCO) 100%

AFFILIATED COMPANIES

· Salem Ahmed Bugshan & Partner Co

Jeddah

Tel: (966-2) 6687065 / 6636167

OPERATIONS

Activities: Engaged in the production of soft drinks, beverages and carbonated water.

Import Countries: Europe and the Far East.

Subject has a workforce of 20 employees.

FINANCIAL DATA

Subject is a newly formed business and as a result financial information is not currently available.

BANKERS

· Arab National Bank

Madinah Road

PO Box: 9463

Jeddah 21413

Tel: (966-2) 6600272

Fax: (966-2) 6650202

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.55.58
UK Pound	1	Rs.87.14
Euro	1	Rs.69.73

INFORMATION DETAILS

Report Prepared by :

PRL

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.