MIRA INFORM REPORT

Report Date :

17.09.2014

IDENTIFICATION DETAILS

Name :	DYNATRADE AUTOMOTIVE LLC

Registered Office :	Industrial Area No. 17, PO Box 22842, Sharjah

Country :	United Arab Emirates

Date of Incorporation :	22.05.1991

Com. Reg. No.:	56092

Legal Form :	Limited Liability Company

Line of Business :	Subject is engaged in the import and distribution of automotive spare parts, heavy equipment and tyres.

No of Employees :	550

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 01, 2014

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

UAE

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

UAE- 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 country 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. 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 : DYNATRADE AUTOMOTIVE LLC

Country of Origin : Sharjah, United Arab Emirates

Legal Form : Limited Liability Company - LLC

Registration Date : 22^nd May 1991

Commercial Registration Number : 56092, Sharjah

Trade Licence Number : 114338

Issued Capital : UAE Dh 300,000

Paid up Capital : UAE Dh 300,000

Total Workforce : 550

Activities : Distributors of automotive spare parts, heavy equipment and tyres

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

COMPANY NAME

DYNATRADE AUTOMOTIVE LLC

ADDRESS

Registered & Physical Address

Location : Industrial Area No. 17

PO Box : 22842

Town : Sharjah

Country : United Arab Emirates

Telephone : (971-6) 5132000

Facsimile : (971-6) 5343845

Email : dynatrade@eim.ae

Please note that the PO Box number 47136, Dubai belongs to the company called “Hyden Auto Parts LLC”.

Premises

Subject operates from a large suite of offices that are rented and located in the Industrial Area of Sharjah.

Branch Office (s)

Location Description

Industrial Area No. 13 Warehouse premises

Sharjah

KEY PRINCIPALS

Name Nationality Position

Mohamed Saud Saleem Bahwan Al Makhaini Omani Managing Director

Saud Mohamed Saud Saleem Bahwan Al Makhaini Omani Director

Harri Harren - General Manager

Ragu Nadan Venu - Financial Manager

Sabastian Babu - Commercial Manager

LEGAL FORM & OWNERS

Date of Establishment : 22^nd May 1991

Legal Form : Limited Liability Company - LLC

Commercial Reg. No. : 56092, Sharjah

Trade Licence No. : 114338 (Expires 19/08/2015)

Issued Capital : UAE Dh 300,000

Paid up Capital : UAE Dh 300,000

Name of Shareholder (s)

Mohamed Saud Saleem Bahwan Al Makhaini

Saud Mohamed Saud Saleem Bahwan Al Makhaini

AFFILIATED COMPANIES

Saud Bahwan Group LLC

Al Romalla Street

Ruwi 112

PO Box: 3000 & 3168

Muscat

Tel: (968) 24578000

Fax: (968) 24561631

Al Gaddag Engineering LLC

PO Box: 168

Muscat

Tel: (968) 24712470

Suhail & Saud Bahwan Building Materials LLC

PO Box: 169

Muscat

Tel: (968) 24797581

Fax: (968) 24797169

Suhail & Saud Bahwan Building Materials LLC

Al Qurum District

PO Box: 3168 / 703, Ruwi 112

Muscat

Tel: (968) 24700983 / 24793741 / 24561377

Fax: (968) 24793755

Amiantit Oman SAO

PO Box: 1417

Seeb

Tel: (968) 25626600

Arab Merchants Co LLC

PO Box: 6228

Muscat

Tel: (968) 24701221

Arabian Car Marketing Co LLC

PO Box: 169

Muscat

Tel: (968) 24793741

Fax: (968) 24796158

Arabian Caravans Furnishing & Trading Co LLC

PO Box: 169

Muscat

Tel: (968) 24797596

Fax: (968) 24562089

Auto Parts Centre LLC

PO Box: 2619

Muscat

Tel: (968) 24564308

Fax: (968) 24564309

Automobile Automotive Centre

PO Box: 6168

Muscat

Tel: (968) 24561377

Fax: (968) 24561631

Bahwan Contracting Company LLC

PO Box: 4098

Muscat

Tel: (968) 24591092

Fax: (968) 24591098

Bahwan Foods (Khalijana) Co LLC

PO Box: 3711

Muscat

Tel: (968) 24592492

Bahwan Travel Agencies LLC

PO Box: 282

Muscat

Tel: (968) 24740455

Fax: (968) 24700483

Bahwan Trading Company LLC

Suhail Bahwan Building

Ruwi

PO Box: 169 & 2

Muscat 113

Tel: (968) 24793750 / 24793741

Fax: (968) 24796158

Delta Ltd

PO Box: 4537

Muscat

Tel: (968) 24708483

Ebin Rushed Pharmacy Co LLC

PO Box: 169

Muscat

Tel: (968) 24701557

Fax: (968) 24701547

International Equipment & Contracting Co LLC

PO Box: 169

Muscat

Tel: (968) 24714482

Fax: (968) 24793755

National Crushers

PO Box: 961

Muscat

Tel: (968) 24591461

Rent-A-Car LLC

PO Box: 282

Muscat

Tel: (968) 24561427

Fax: (968) 24700483

Utmost Building Materials Co LLC

Al Burj Building, 1^st Floor

Deira

PO Box: 55014

Dubai

United Arab Emirates

Tel: (971-4) 3553883

Fax: (971-4) 3553776

Gulf Mercantile Trading

Al Burj Building, 1^st Floor

Deira

PO Box: 55014

Dubai

United Arab Emirates

Tel: (971-4) 3553883

Fax: (971-4) 3553776

Mercantile Information & Telecommunication Technology Est (MITTE)

Sheikha Aisha Building

Al Salam Street

PO Box: 41175

Abu Dhabi

United Arab Emirates

Tel: (971-2) 6458909

Fax: (971-2) 6458907

Al Mutawah Trading Co LLC

Al Mutawah Building

Sultan Qaboos Street

Al Ghobra

PO Box: 17, Muttrah 114

Muscat

Tel: (968) 24591871 / 591872 / 591521

Fax: (968) 24592370

Al Omaniya Automobile Marketing LLC

PO Box: 2619

Seeb

Tel: (968) 25560925

Fax: (968) 25564309

Arabian Engineering Services LLC

PO Box: 6000

Muscat

Tel: (968) 24561377

Fax: (968) 24561631

Bilad (Oman) LLC

PO Box: 42006

Rusayl

Tel: (968) 24626001

Fax: (968) 24591098

Electronics Company LLC

PO Box: 8111

Muttrah

Tel: (968) 24793741

Fax: (968) 24796158

Inma Company Oman LLC

PO Box: 3760

Muscat

Tel: (968) 24562100

Fax: (968) 24562039

Port Services Corp SAOG

PO Box: 133

Muscat

Tel: (968) 24714001

Fax: (968) 24714007

Qurum Contractors LLC

PO Box: 7003

Muscat

Tel: (968) 24562720

Sogex Oman LLC

PO Box: 4739

Muscat

Tel: (968) 24563055

Fax: (968) 24564608

OPERATIONS

Activities: Engaged in the import and distribution of automotive spare parts, heavy equipment and tyres.

Import Countries: Europe and the Far East

Local Suppliers:

Hyden Auto Parts LLC Dubai

Subject has a workforce of approximately 550 employees.

FINANCIAL DATA

Companies registered in Sharjah, 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

National Bank of Sharjah

Al Boorj Avenue

PO Box: 4

Sharjah

Tel: (971-6) 5547747

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 company is considered to be a fair trade risk.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.10
UK Pound	1	Rs.99.05
Euro	1	Rs.79.03

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	TPT

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.