MIRA INFORM REPORT

Report Date :

31.10.2013

IDENTIFICATION DETAILS

Name :	SARL LUKE IMPORT
Registered Office :	33 Rue Suffren 97410 Sanit Pierre
Country :	Reunion Island
Financials (as on) :	2011
Date of Incorporation :	14.03.2003
Legal Form :	Limited Liability Company
Line of Business :	Import and export of food and non food goods
No. of Employees :	03

RATING & COMMENTS

MIRA’s Rating :

B

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

Status :	Moderate
Payment Behaviour :	Slow but correct
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)
Reunion Island	B1	B1

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

Comments on the rating

A Credit line maybe considered

POLITICAL DATA	ECONOMIC DATA
Form of Government: French Overseas Territory Economic Risk: Nil	Currency: Eur 1 euros = 1.379 USD Branch Situation:Medium

IDENTIFICATION

Ordered as:	LUKE IMPORT
Address in the order:	33 Rue Suffren 97410 Sanit Pierre Reunion Island
Comments on data supplied:	The name in the order is the Trade name.
Legal Name:	SARL LUKE IMPORT
Trade Name:	LUKE IMPORT
Legal Address	33 Rue Suffren
Postal Town	Saint Pierre
Post Code	97410
Primary Geographic Area	Reunion Island
Country	FR
Location Status	Headquarters,Single Location,
Operative Address	33 Rue Suffren 97410 Saint Pierre Reunion Island
Telephone:	+262 262 221 888	RCS :	B 445 319 478
Fax:	+262 262 222 215	Legal Form:	A limited liability companye (SARL)
Email:	contact@luke-import.com	Registered in:	FR
Website:	www.luke-import.com	Date Created:	1987
Manager:	Jean Ah Tune	Date Incorporated:	March 14, 2003
Staff:	5	Stock:
		Value:	10 000 Euro
Activity:	Import and export of food and non food goods

BANKS
Name of the Bank	BFC
Comments	This information was not confirmed by the company
BUSINESS HISTORY
	The company was established in 1987. It was incorporated in 2003.
PRINCIPAL ACTIVITY
	The company imports and exports food and non food products.
Products/Services description:
	The company imports all kind of products, food and non-food and exports them. The main products are grains, Floor, breads, biscuits, fruits, frozen foods, canned food. The services include sourcing (Selection with negotiation price), standardization (legislation/Certification) Production ( Norms. lab tests, hygiene..)Logistics ( documentation, insurance, packing, shipping, tracking..)
Sales are:
	Wholesale
Clients:
	French Hypermarkets in Indian Ocean ( Mayotte, Mauritius, Reunion Island)
Operations area:
	International, Local
The company imports from Asia (India, Cambodgia,Japon, Pakistan, Indonesia, China, Malaysia, Thailand, Vietnam. ) So
The company exports to France, French Guiana, Martinique, Guadeloupe, French Polynesia, New Caledonia, Mauritius, Ma
The subject employs 5 employee(s)
Comments on staff:
	This information was not confirmed by the company
PAYMENTS

Regular

LOCATION
Headquarters
	33 Rue de Suffren 97410 Saint Pierre Reunion Island
Branches:
	There is no other branch

Shareholders - Manager - Related Companies
Capital:
	The capital is 10 000 Euro
Shareholders Parent Company(ies):
	The shareholders are Jean Ah Tune and Kwanruen Ah Rune
Management:
	Jean Ah Tune is the Managing director
Related Companies:
	LANNA societe civile immobiliere RCS 423397686 Jean Ah Tune

Financials - COMMERCIAL TRENDS AND FORECAST

However our financial sources could provide us with the following data.

Currency	DATE
EUR	2011
Turnover	2 758 000
Net Income	47 500
Current Assets	805 100
Liabilities	466 700
The cash flow is	correct

Currency	DATE
EUR	2010
Turnover	1 729 600
Net Income	69 600
Current Assets	757 600
Liabilities	272 900
The cash flow is	correct

Currency	DATE
EUR	2009
Turnover	5 169 000
Net Income	100 000
Current Assets	657 000
Liabilities	642 000
The cash flow is	correct

Legal Fillings

The sources consulted record no detrimental legal or labor court information.

Rating

Local credit bureau gave a Normal credit rate.

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

Final Opinion

The company was established in 1987 and incorporated in 2003. It is a privately owned and operated company specialized in the import and export of food and non food goods mainly imported from Asia.

It is a small size company long and well established.

Although the area of activity is medium and the economy in Reunion Island slow a credit line of 10 000 USD may be considered due to the experience of the subject.

SUMMARY
FINANCIAL SUMMARY		DEBT COLLECTIONS AND PAYMENTS
Profitability	CORRECT	Public	NO
Indebtedness	CONTROLLED	Payments	REGULAR
Cash	CORRECT

APPENDIX
Person Interviewed
	Jean Ah Tune
Position
	Managing Director
Comments
	We have contacted Jean Ah Tune who refused to provide us any information or financial data on grounds of confidentiality.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.49
UK Pound	1	Rs.98.71
Euro	1	Rs.84.49

INFORMATION DETAILS

Report Prepared by :

NIS

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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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.