MIRA INFORM REPORT

Report Date :

01.08.2011

IDENTIFICATION DETAILS

Name :	TAYBAH METAL INDUSTRIES CO LTD

Registered Office :	Al Muwaqar Industrial Area, P O Box 395 & 13, Madaba 17110

Country :	Jordan

Date of Incorporation :	24.11.2008

Com. Reg. No.:	17625

Legal Form :	Limited Liability Partnership

Line of Business :	Manufacturers of steel pallets

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$ 150,000
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, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Jordan

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

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SUMMARY

Company Name : TAYBAH METAL INDUSTRIES CO LTD

Country of Origin : Jordan

Legal Form : Limited Liability Partnership

Registration Date : 24^th November 2008

Commercial Registration Number : 17625

Chamber Membership Number : 22910

National ID Number : 200099638

Issued Capital : JD 1,000,000

Paid up Capital : JD 1,000,000

Total Workforce : 200

Activities : Manufacturers of steel pallets.

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

Recommended Credit Limit : US$ 150,000

COMPANY NAME

TAYBAH METAL INDUSTRIES CO LTD

company ADDRESS

Registered & Physical Address

Location : Al Muwaqar Industrial Area

PO Box : 395 & 13

Town : Madaba 17110

Country : Jordan

Telephone : (962-6) 4626646

Facsimile : (962-6) 4620820

Mobile : (962-77) 5479547 / 7354035

Email : taybah_mi@yahoo.com

Premises

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

KEY PRINCIPALS

Name Nationality Position

· Abdullah Obaid Shawabka Jordanian Managing Partner

· Abdul Karim Mohamed Al Rajhi Saudi Partner

· Asim Hussain British Partner

· Anas Al Sanhouri - Financial Controller

LEGAL FORM & OWNERS

Date of Establishment : 24^th November 2008 (Production began in March 2011)

Legal Form : Limited Liability Partnership

Commercial Reg. No. : 17625

Chamber Member No. : 22910

National ID No. : 200099638

Issued Capital : JD 1,000,000

Paid up Capital : JD 1,000,000

Name of Partners

· Abdullah Obaid Shawabka

· Abdul Karim Mohamed Al Rajhi

· Asim Hussain

OPERATIONS

Activities: Engaged in the manufacture of steel pallets.

Import Countries: Europe and the Far East.

Subject has a workforce of approximately 200 employees.

FINANCIAL DATA

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

BANKERS

· HSBC Bank Middle East

Khalid Bin Walid Street

Jebel Hussein

PO Box: 925286

Amman

Tel: (962-6) 5660471 / 5607471

Fax: (962-6) 5692964

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

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.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.16
UK Pound	1	Rs.72.10
Euro	1	Rs.63.10

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.