MIRA INFORM REPORT

Report Date :

15.04.2011

IDENTIFICATION DETAILS

Name :	BAQOUBA TRADING CO

Registered Office :	Building No. 4, 3rd Floor, Al Wikalat Street , Swafiah Area, P.O. Box 934, Amman 11953

Country :	Jordan

Date of Incorporation :	22.02.2006

Com. Reg. No.:	372

Legal Form :	Limited Liability Company

Line of Business :	Importers, Retailers and Distribution of meat products (frozen)

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 :	JD 10,000
Status :	Satisfactory
Payment Behaviour :	Usually 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 – December 31, 2010

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

Jordan

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

Company name

Baqouba Trading Co

Company ADDRESS

Building : Building No. 4, 3rd Floor

Street : Al Wikalat Street

Area : Swafiah Area

P.O. Box : 934

Town : Amman 11953

Country : Jordan (Hashemite Kingdom of)

Telephone : (962 6) 581 9098

Fax : (962 6) 581 9087

E-Mail : central@nets.com.jo

SENIOR COMPANY PERSONNEL

Name Position

1. Fadel Jaffar Mohammed Managing Director

2. Haytham Fadel Jaffar Commercial Manager

3. Abbas Fadel Jaffar Director

Total Employees : 8

PAYMENTS

No complaints have been heard regarding payments from local suppliers

or banks.

We consider it is acceptable to deal with subject for SMALL amounts, however in view of the lack of financial information we recommend international suppliers exercise a degree of caution.

Opinion on maximum credit : JD 10,000 (higher amounts may be considered with full fiscal disclosure)

Trade risk assessment : Normal

PRINCIPAL BANKERS

NAME : ARAB BANK PLC

Branch : Shmeisani

PO Box : 950544

Town : Amman

Telephone : (962 6) 566 6325 / 567 7377

Fax : (962 6) 566 6326 / 568 4755

FINANCIAL INFORMATION

Private companies in Jordan are not required to publish or disclose balance sheets. Balance sheets are not available from other sources, and the subject interviewed declined to give any financial information, which the company regards as strictly confidential.

LEGAL STATUS AND HISTORY

Date Started : 22 February 2006

C.R. No. : 372 (valid)

National ID No. : 200006331

Authorised Capital : JD 300,000

Paid-Up Capital : JD 300,000

Limited Liability company with the following shareholders:

Shareholders Share Value

1. Fadel Jaffar Mohammed JD 100,000

(Iraqi national, National ID 894253)

2. Haytham Fadel Jaffar JD 100,000

(son of the above)

3. Abbas Fadel Jaffar JD 100,000

(brother of the above, National ID 1036477)

ACTIVITIES

The Company is involved in the following activities :

Trading as importers, retailers and distribution of meat products (frozen).

NACE Code: 4722

Imports from India and United Arab Emirates (Dubai).

Subject does not export, all sales are domestic.

FACILITIES

The Company has the following facilities :

Rented premises comprising administrative offices located at the heading address.

SPECIAL NOTE

This amended report is sent as a replacement of our previous report Ref: 705998.01.C.ZHN.X / dated19/02/2011

As per your special questions, we confirm the following :

Interviewed: Fadel Jaffar Mohammed (Managing Director).

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.48
UK Pound	1	Rs.72.37
Euro	1	Rs.64.42

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

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.