MIRA INFORM REPORT

Report Date :

11.05.2013

IDENTIFICATION DETAILS

Name :	GREEN FLOW INTERNATIONAL LLC

Registered Office :	Al Tameer Street Mawalah Area PO Box 762 Seeb 988

Country :	Oman

Date of Incorporation :	06.02.2010

Com. Reg. No.:	1/08360/5

Legal Form :	Limited Liability Company – LLC

Line of Business :	Distributors of general foodstuffs.

No. of Employees :	3

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 2013

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Oman

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

oman ECONOMIC OVERVIEW

Oman is a middle-income economy that is heavily dependent on dwindling oil resources. Because of declining reserves and a rapidly growing labor force, Muscat has actively pursued a development plan that focuses on diversification, industrialization, and privatization, with the objective of reducing the oil sector's contribution to GDP to 9% by 2020 and creating more jobs to employ the rising numbers of Omanis entering the workforce. Tourism and gas-based industries are key components of the government's diversification strategy. However, increases in social welfare benefits, particularly since the Arab Spring, will challenge the government's ability to effectively balance its budget if oil revenues decline. By using enhanced oil recovery techniques, Oman succeeded in increasing oil production, giving the country more time to diversify, and the increase in global oil prices through 2011 provided the government greater financial resources to invest in non-oil sectors. In 2012, continued surpluses resulting from sustained high oil prices and increased enhanced oil recovery allowed the government to maintain growth in social subsidies and public sector job creation. However, the Sultan made widely reported statements indicating this would not be sustainable, and called for expanded efforts to support SME development and entrepreneurship. Government agencies and large oligarchic group companies heeded his call, announcing new initiatives to spin off non-essential functions to entrepreneurs, incubate new businesses, train and mentor up and coming business people, and provide financing for start-ups. In response to fast growth in household indebtedness, the Central Bank reduced the ceiling on personal interest loans from 8 to 7%, lowered mortgage rates, capped the percentage of consumer loans at 50% of borrower's salaries for personal loans and 60% for housing loans, and limited maximum repayment terms to 10 and 25 years respectively. In 2012 the Central Bank also issued final regulations governing Islamic banking and two full-fledged Islamic banks held oversubscribed IPOs while four traditional banks opened sharia-compliant Islamic windows.

Source : CIA

SUMMARY

Company Name : GREEN FLOW INTERNATIONAL LLC

Country of Origin : Oman

Legal Form : Limited Liability Company – LLC

Registration Date : 6^th February 2010

Commercial Registration Number : 1/08360/5

Chamber Membership Number : 11790

Issued Capital : RO 100,000

Paid up Capital : RO 100,000

Total Workforce : 3

Activities : Distributors of general foodstuffs.

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

COMPANY NAME

GREEN FLOW INTERNATIONAL LLC

Company ADDRESS

Registered & Physical Address

Street : Al Tameer Street

Area : Mawalah Area

PO Box : 762

Town : Seeb 988

Country : Oman

Telephone : (968) 24553838

Facsimile : (968) 24553838

Mobile : (968) 97377586 / 92209827

Email : gflow.intl@yahoo.com

Premises

Subject operates from a small suite of offices and a warehouse that are rented and located in the Central Business Area of Seeb.

KEY PRINCIPALS

Name Nationality Position

· Ali Bin Sheikh Saif Al Harthy Omani Managing Director

· Monzer Khalid Al Ghafri Omani Director

· Salem Abdullah Al Rawas Omani Director

LEGAL FORM & OWNERS

Date of Establishment : 6^th February 2010

Legal Form : Limited Liability Company – LLC

Commercial Reg. No. : 1/08360/5

Chamber Member No. : 11790

Issued Capital : RO 100,000

Paid up Capital : RO 100,000

Name of Shareholder (s)

· Ali Bin Sheikh Saif Al Harthy

· Monzer Khalid Al Ghafri

· Salem Abdullah Al Rawas

OPERATIONS

Activities: Engaged in the import and distribution of general foodstuffs, including rice, spices, fruit and vegetables.

Import Countries: Europe and the Far East.

Subject has a workforce of 3 employees.

FINANCIAL DATA

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

BANKERS

· Oman International Bank

PO Box: 4216, Ruwi

Muscat

Tel: (968) 24703614 / 24707328

· Oman Arab Bank

Muttrah Business District

PO Box: 2010, Ruwi 112

Muscat

Tel: (968) 24700161 / 24706265 / 24706267

Fax: (968) 24797736

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

Local sources report that the subject’s operating history is clear with payment obligations met in a generally timely manner. The financial position is satisfactory and the company is deemed a fair trade risk.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.54
UK Pound	1	Rs.84.19
Euro	1	Rs.71.11

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%)

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.