MIRA INFORM REPORT

Report Date :

06.10.2012

IDENTIFICATION DETAILS

Name :	GIANT WLL
Registered Office :	Bahrain Center, Judaff Area, 792 Manama
Country :	Bahrain
Date of Incorporation :	10.10.2000
Com. Reg. No.:	43900-3
Legal Form :	With Limited Liability - WLL
Line of Business :	Owners and operators of a hypermarket.
No. of Employees :	90

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 – June 30^th, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
Bahrain	A2	A2

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

BAHRAIN - ECONOMIC OVERVIEW

Bahrain is one of the most diversified economies in the Persian Gulf. Highly developed communication and transport facilities make Bahrain home to numerous multinational firms with business in the Gulf. As part of its diversification plans, Bahrain implemented a Free Trade Agreement (FTA) with the US in August 2006, the first FTA between the US and a Gulf state. Bahrain's economy, however, continues to depend heavily on oil. Petroleum production and refining account for more than 60% of Bahrain's export receipts, 70% of government revenues, and 11% of GDP (exclusive of allied industries). Other major economic activities are production of aluminum - Bahrain's second biggest export after oil - finance, and construction. Bahrain competes with Malaysia as a worldwide center for Islamic banking and continues to seek new natural gas supplies as feedstock to support its expanding petrochemical and aluminum industries. In 2011, Bahrain experienced economic setbacks as a result of domestic unrest. Bahrain's reputation as a financial hub of the Gulf has been damaged, and the country now risks losing financial institutions to other regional centers such as Dubai or Doha. Economic policies aimed at restoring confidence in Bahrain's economy, such as the suspension of an expatriate labor tax, will make Bahrain's foremost long-term economic challenges - youth unemployment and the growth of government debt - more difficult to address

Source : CIA

SUMMARY

Company Name : GIANT WLL

Country of Origin : Bahrain

Legal Form : With Limited Liability - WLL

Registration Date : 10^th October 2000

Commercial Registration Number : 43900-3

Issued Capital : BD 1,000,000

Paid up Capital : BD 1,000,000

Total Workforce : 90

Activities : Owners and operators of a hypermarket.

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

COMPANY NAME

GIANT WLL

ADDRESS

Registered & Physical Address

Building : Bahrain Center

Area : Judaff Area

PO Box : 792

Town : Manama

Country : Bahrain

Telephone : (973-17) 558181

Facsimile : (973-17) 558111

Email : mohd.redha@fucom.com

Premises

Subject operates from a medium sized suite of offices and a hypermarket that are rented and located in the Central Business Area of Manama.

KEY PRINCIPALS

Name Position

· Burhanudeen Mohamed Bai Abdul Hussain Managing Director

· Philip Morales General Manager

· Mohamed Redha Administration Manager

LEGAL FORM & OWNERS

Date of Establishment : 10^th October 2000

Legal Form : With Limited Liability - WLL

Commercial Reg. No. : 43900-3

Issued Capital : BD 1,000,000

Paid up Capital : BD 1,000,000

Name of Shareholder (s) Percentage

· Retail Arabia BSC (C) 99.90%

Manama

· Burhanudeen Mohamed Bai Abdul Hussain 0.10%

AFFILIATED COMPANIES

· Fucom International WLL

Manama

OPERATIONS

Activities: Engaged as owners and operators of a hypermarket, selling general foodstuffs, groceries and electrical equipment.

Import Countries: Europe and the Far East.

Subject has a workforce of 90 employees.

FINANCIAL DATA

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

BANKERS

· National Bank of Bahrain BSC

Government Road

PO Box: 106

Manama

Tel: (973-17) 258800

Fax: (973-17) 263876

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.51.61
UK Pound	1	Rs.83.57
Euro	1	Rs.67.17

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.