MIRA INFORM REPORT

Report Date :

04.10.2012

IDENTIFICATION DETAILS

Name :	OASIS METAL MANUFACTURING LLC

Registered Office :	Sheikh Zayed Road, Al Quoz Industrial Area, 93 & 71100 Dubai

Country :	United Arab Emirates

Date of Incorporation :	30.04.2005

Com. Reg. No.:	73577, Dubai

Legal Form :	Limited Liability Company – LLC

Line of Business :	Manufacturers of metal building products, steel hangars and sheds and other steel structures.

No. of Employees :	140

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 – June 30^th, 2012

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

United Arab Emirates

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

UNITED ARAB EMIRATES - ECONOMIC OVERVIEW

The UAE has an open economy with a high per capita income and a sizable annual trade surplus. Successful efforts at economic diversification have reduced the portion of GDP based on oil and gas output to 25%. Since the discovery of oil in the UAE more than 30 years ago, the UAE has undergone a profound transformation from an impoverished region of small desert principalities to a modern state with a high standard of living. The government has increased spending on job creation and infrastructure expansion and is opening up utilities to greater private sector involvement. In April 2004, the UAE signed a Trade and Investment Framework Agreement with Washington and in November 2004 agreed to undertake negotiations toward a Free Trade Agreement with the US, however, those talks have not moved forward. The country's Free Trade Zones - offering 100% foreign ownership and zero taxes - are helping to attract foreign investors. The global financial crisis, tight international credit, and deflated asset prices constricted the economy in 2009. UAE authorities tried to blunt the crisis by increasing spending and boosting liquidity in the banking sector. The crisis hit Dubai hardest, as it was heavily exposed to depressed real estate prices. Dubai lacked sufficient cash to meet its debt obligations, prompting global concern about its solvency. The UAE Central Bank and Abu Dhabi-based banks bought the largest shares. In December 2009 Dubai received an additional $10 billion loan from the emirate of Abu Dhabi. The economy is expected to continue a slow rebound. Dependence on oil, a large expatriate workforce, and growing inflation pressures are significant long-term challenges. The UAE''s strategic plan for the next few years focuses on diversification and creating more opportunities for nationals through improved education and increased private sector employment

Source : CIA

SUMMARY

Company Name : OASIS METAL MANUFACTURING LLC

Country of Origin : Dubai, United Arab Emirates

Legal Form : Limited Liability Company – LLC

Registration Date : 30^th April 2005

Commercial Registration Number : 73577, Dubai

Trade Licence Number : 568415

Chamber Membership Number : 98006

Issued Capital : UAE Dh 300,000

Paid up Capital : UAE Dh 300,000

Total Workforce : 140

Activities : Manufacturers of metal building products, steel hangars and sheds and

other steel structures.

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

COMPANY NAME

OASIS METAL MANUFACTURING LLC

ADDRESS

Registered & Physical Address

Street : Sheikh Zayed Road

Area : Al Quoz Industrial Area

PO Box : 93 & 71100

Town : Dubai

Country : United Arab Emirates

Telephone : (971-4) 3472000 / 3474550 / 2821251

Facsimile : (971-4) 3471580 / 2821534

Email : info@oasismetal.net.ae / info@om.ae

Premises

Subject operates from a medium sized suite of offices and a factory that are rented and located in the Industrial Area of Dubai.

KEY PRINCIPALS

Name Nationality Position

· Mohamed Abdullah Mohamed Al Shirawi Emirati Managing Director

· Ali Abdullah Mohamed Al Shirawi Emirati Director

· Hisham Abdullah Mohamed Al Shirawi Emirati Director

· Khalid Abdullah Mohamed Abdullah Al Shirawi Emirati Director

· Thani Abdullah Mohamed Al Shirawi Emirati Director

· Kabir Mohan Valrani Indian Director

· Navin Mohan Valrani Indian Director

· Sumeet Mohan Valrani Indian Director

LEGAL FORM & OWNERS

Date of Establishment : 30^th April 2005

Legal Form : Limited Liability Company – LLC

Commercial Reg. No. : 73577, Dubai

Trade Licence No. : 568415 (Expires 29/04/2013)

Chamber Member No. : 98006

Issued Capital : UAE Dh 300,000

Paid up Capital : UAE Dh 300,000

Name of Shareholder (s) Percentage

· Beachmount Ltd 15.33%

Norfolk Islands

· Milton Ltd 15.00%

Norfolk Islands

· Mohamed Abdullah Mohamed Al Shirawi 11.67%

· Ali Abdullah Mohamed Al Shirawi 10.00%

· Hisham Abdullah Mohamed Al Shirawi 10.00%

· Khalid Abdullah Mohamed Abdullah Al Shirawi 10.00%

· Thani Abdullah Mohamed Al Shirawi 10.00%

· Kabir Mohan Valrani 6.00%

· Navin Mohan Valrani 6.00%

· Sumeet Mohan Valrani 6.00%

AFFILIATED COMPANIES

· Arabian Oasis Industries LLC

PO Box: 10983 & 5745

Dubai

Tel: (971-4) 8811414 / 2821251

Fax: (971-4) 8811227 / 2821534

Email: aoi@emirates.net.ae

· Al Ahram General Transport Company LLC

PO Box: 31550

Dubai

Tel: (971-4) 2851615

Fax: (971-4) 2859255

Email: aswandxb@emirates.net.ae

· Al Ghazal Iron Works Company LLC

PO Box: 71100

Dubai

Tel: (971-4) 3472000 / 3474550

Fax: (971-4) 3471580

Email: ghazal2@emirates.net.ae

· Al Shirawi Contracting Company LLC

PO Box: 33539

Dubai

Tel: (971-4) 3339700

Fax: (971-4) 3338898

Email: info@quality.alshirawi.com

· Al Shirawi Electrical & Mechanical Engineering Company LLC

PO Box: 33539

Dubai

Tel: (971-4) 3338700

Fax: (971-4) 3339700

Email: info@quality.alshirawi.com

· Al Shirawi Enterprises LLC

PO Box: 7427

Dubai

Tel: (971-4) 3388776

Fax: (971-4) 3389559

Email: ase@ase.co.ae

· Al Shirawi Equipment Company LLC

PO Box: 10983

Dubai

Tel: (971-4) 3472606

Fax: (971-4) 3472157

Email: aseco1@emirates.net.ae

· Al-Shirawi Trading Company LLC

PO Box: 71100

Dubai

Tel: (971-4) 3472000 / 3474550

Fax: (971-4) 3471580

Email: ghazal2@emirates.net.ae

· Aswan International Engineering Company LLC

PO Box: 31550

Dubai

Tel: (971-4) 2851615

Fax: (971-4) 2859255

Email: aswandxb@emirates.net.ae

· Emirates Printing Press LLC

Al Quoz Industrial Area

PO Box: 5106

Dubai

Tel: (971-4) 3475550 / 3475544

Fax: (971-4) 3475959

Email: eppdubai@emirates.net.ae

· Leminar Air Conditioning Company LLC

PO Box: 33539

Dubai

Tel: (971-4) 3338700

Fax: (971-4) 3339700

Email: info@quality.alshirawi.com

· Leminar Air Conditioning Industries LLC

PO Box: 31550

Dubai

Tel: (971-4) 3338700

Fax: (971-4) 3339700

Email: info@quality.alshirawi.com

· Lunad Publicity LLC

PO Box: 30862

Dubai

Tel: (971-4) 2828959

Fax: (971-4) 2828832

Email: lunad@emirates.net.ae

· Modern Plastic Industry LLC

PO Box: 33539

Dubai

Tel: (971-4) 2859537 / 2858033

Fax: (971-4) 2854637

Email: mpiuae@emirates.net.ae

· Oasis Enterprises LLC

PO Box: 93

Dubai

Tel: (971-4) 2821251 / 2821375

Fax: (971-4) 2822617

Email: jvcuae@emirates.net.ae

· Pastalini Food Processing Industries LLC

PO Box: 6323

Dubai

Tel: (971-4) 2852465

Fax: (971-4) 2856976

Email: pfpiaofc@emirates.net.ae

· Technical Protection & Maintenance Company

PO Box: 811

Abu Dhabi

Tel: (971-2) 6779400

Fax: (971-2) 6728840

Email: aswandxb@emirates.net.ae

· Arabian Oasis Food Co LLC

Real Estate Department Warehouse

Ras Al Khor Road

Ras Al Khor Industrial Area

PO Box: 6323

Dubai

Tel: (971-4) 3334525 / 2852465

Fax: (971-4) 2856976

Email: pfpiaofc@emirates.net.ae

· Emirates Electronics Co LLC

Al Shirawi Building

Airport Road

Port Saeed

PO Box: 93

Dubai

Tel: (971-4) 2821073

Fax: (971-4) 2822617

Email: eecdubai@emirates.net.ae

· Oasis Investment Co LLC

Al Shirawi Building

Airport Road

Deira

PO Box: 93

Dubai

Tel: (971-4) 2821251

Fax: (971-4) 2821534

OPERATIONS

Activities: Engaged in the manufacture of metal building products, steel hangars and sheds and other steel

structures.

Import Countries: Europe and the Far East.

Subject has a workforce of 140 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

· Commercial Bank of Dubai

Baniyas Street

Deira

PO Box: 1709

Dubai

Tel: (971-4) 2227121 / 2253222

Fax: (971-4) 2220943 / 2254565

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.52.33
UK Pound	1	Rs.84.30
Euro	1	Rs.67.44

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.