MIRA INFORM REPORT

Report Date :

18.07.2007

IDENTIFICATION DETAILS

Name :	BASEL MARTO AND SONS COMPANY

Registered Office :	Zarqa Free Zone, Section E2/2, P O Box 620300, Zarqa 11162

Country :	Jordan

Financials (as on) :	31.12.2006

Date of Incorporation :	16^th January 2005

Com. Reg. No.:	112

Legal Form :	Limited Liability Partnership

Line of Business :	Engaged in the import and distribution of industrial chemicals and related raw materials.

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	US$ 300,000

Status :	Satisfactory

Payment Behaviour :	Regular

Litigation :	Clear

SUMMARY

Company Name : BASEL MARTO AND SONS COMPANY

Also Known As : ATLAS CHEMICALS

Country of Origin : Jordan

Legal Form : Limited Liability Partnership

Registration Date : 16^th January 2005

Commercial Registration Number : 112

Issued Capital : JD 5,000

Paid up Capital : JD 5,000

Total Workforce : 14

Line of Business : Distributors of industrial chemicals and related raw materials.

Financial Condition : Fair

Payments : Nothing detrimental uncovered

Operating Trend : Steady

COMPANY NAME

BASEL MARTO AND SONS COMPANY

ALSO KNOWN AS

ATLAS CHEMICALS

ADDRESS

Registered & Physical Address

Location : Zarqa Free Zone, Section E2/2

PO Box : 620300

Town : Zarqa 11162

Country : Jordan

Telephone : (962-6) 4779311

Facsimile : (962-6) 4755562

Email : atlas@atlaschemicals.com

Premises

Subject operates from a small suite of offices and a warehouse that are rented and located in the Free Zone Area of Zarqa.

KEY PRINCIPALS

· Basel Yousef Marto Managing Partner

LEGAL FORM & OWNERS

Date of Establishment : 16^th January 2005

Legal Form : Sharikat Tadhamum Bill Asshum (Limited Liability Partnership)

Commercial Reg. No. : 112

Issued Capital : JD 5,000

Paid up Capital : JD 5,000

Name of Partner (s)

· Basel Yousef Marto

· Members of Mr Basel Yousef Marto’s family

Note to the Legal Form

A Limited Liability Partnership in Jordan is formed by at least one general partner and one limited partner. The total number of partners must not exceed twenty. The general partners assume unlimited personal liability for the debt of the partnership jointly and severally amongst themselves. The liability of the limited partners for the debt of the partnership is limited to their contributions to the capital of the partnership.

LINE OF BUSINESS

Operations : Engaged in the import and distribution of industrial chemicals and related raw materials.

Import Countries : Europe and the Far East.

Operating Trend : Steady

Subject has a workforce of 14 employees.

FINANCIAL HIGHLIGHTS

Financial highlights provided by outside sources are given below :

Currency : Jordanian Dinars (JD)

Year Ending 31/12/06 :

Total Revenue JD 2,479,808

Total Assets JD 141,716

Local sources consider subject’s financial condition to be Fair.

BANKERS

· Jordan Investment & Finance Bank

Shmeisani Branch

PO Box : 950601

Amman

Tel : (962-6) 5665145 / 5692470

Fax : (962-6) 5681410

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

Opinion on the credit figure of US$ 150,000:

Established in 2005, subject is involved in the import and distribution of industrial chemicals and related raw materials.

Local sources report that payment obligations are met in a generally timely manner and the operating history is clear. As such the company is deemed a fair trade risk and the above credit figure is considered to be within subject’s financial means.

Maximum suggested credit figure: US$ 300,000

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	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.	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
NR		In view of the lack of information, we have no basis upon which to recommend credit dealings	No Rating

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