MIRA INFORM REPORT

Report Date :

07.02.2013

IDENTIFICATION DETAILS

Name :	FALCON TRADING CO LTD
Registered Office :	Bin Fuja Street Bin Mahmoud Area PO Box 16995 Doha
Country :	Qatar
Year of Incorporation :	1993
Com. Reg. No.:	33280, Doha
Legal Form :	With Limited Liability – WLL
Line of Business :	Subject operates several divisions like Auto Spare Parts Division, Educational Division, Construction Division
No. of Employees :	250

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 (31.03.2011)	Current Rating (30.06.2012)
Qatar	A2	A2

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

QATAR - ECONOMIC OVERVIEW

Qatar has prospered in the last several years with continued high real GDP growth in 2011. Qatari authorities throughout the financial crisis sought to protect the local banking sector with direct investments into domestic banks. GDP rebounded in 2010 largely due to the increase in oil prices and 2011's growth was supported by Qatar's investment in expanding its gas sector. Economic policy is focused on developing Qatar's nonassociated natural gas reserves and increasing private and foreign investment in non-energy sectors, but oil and gas still account for more than 50% of GDP, roughly 85% of export earnings, and 70% of government revenues. Oil and gas likely have made Qatar the second highest per-capita income country - behind Liechtenstein - and the country with the lowest unemployment. Proved oil reserves in excess of 25 billion barrels should enable continued output at current levels for 57 years. Qatar's proved reserves of natural gas exceed 25 trillion cubic meters, more than 13% of the world total and third largest in the world. Qatar's successful 2022 world cup bid will likely accelerate large-scale infrastructure projects such as Qatar's metro system and the Qatar-Bahrain causeway.

Source : CIA

SUMMARY

Company Name : FALCON TRADING CO LTD

Country of Origin : Qatar

Legal Form : With Limited Liability – WLL

Start Date : 1993

Registration Date : 28^th June 1996

Commercial Registration Number : 33280, Doha

Issued Capital : QR 500,000

Paid up Capital : QR 500,000

Total Workforce : 250

Activities : Subject operates several divisions (see below for details)

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

Person Interviewed : Ashraf Mohamed, Administration Manager

COMPANY NAME

FALCON TRADING CO LTD

ADDRESS

Registered & Physical Address

Street : Bin Fuja Street

Area : Bin Mahmoud Area

PO Box : 16995

Town : Doha

Country : Qatar

Telephone : (974) 44424799 / 44362274

Facsimile : (974) 44433315

Mobile : (974) 55824877 / 55500698

Email : sami@falconserves.com

Premises

Subject operates from a large suite of offices that are rented and located in the Central Business Area of Doha.

KEY PRINCIPALS

Name Nationality Position

· Fahd Bin Saqr Jaber Al Nuaimi Qatari Managing Director

· Sami Obaid Khalil Matar Palestinian Director

· Ashraf Mohamed - Administration Manager

LEGAL FORM & OWNERS

Date of Establishment : 1993, however subject was registered on 28^th June 1996

Legal Form : With Limited Liability - WLL

Commercial Reg. No. : 33280, Doha

Issued Capital : QR 500,000

Paid up Capital : QR 500,000

Name of Shareholder (s)

· Fahd Bin Saqr Jaber Al Nuaimi

· Sami Obaid Khalil Matar

AFFILIATED COMPANIES

· Atlas Gulf Co

Doha

· Bright Future Tyres Factory

Doha

OPERATIONS

Activities: Subject’s operations are performed through the following divisions:

· Auto Spare Parts Division

Engaged in the import and distribution of automotive spare parts and related accessories.

· Educational Division

Engaged in the import and distribution of educational materials.

· Construction Division

Engaged as general building and construction contractors.

Import Countries: Europe and the Far East

Subject has a workforce of approximately 250 employees.

FINANCIAL DATA

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

BANKERS

· Bank Saderat Iran

PO Box: 2256

Doha

Tel: (974) 44430346 / 44430344

Fax: (974) 44430121

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

According to local sources, subject meets its payment obligations in a timely manner and the business is considered to be a fair trade risk.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.08
UK Pound	1	Rs.83.12
Euro	1	Rs.72.02

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%)

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