MIRA INFORM REPORT

Report Date :

26.08.2011

IDENTIFICATION DETAILS

Name :	ARKAN IMPORT EXPORT

Registered Office :	Waheeb Al Baitar Street, Al Bayader, P.O.Box No.140956, Amman 11814

Country :	Jordan

Date of Incorporation :	21.12.1985

Com. Reg. No.:	39776

Legal Form :	Proprietorship Concern

Line of Business :	exporters of scrap metals

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 120,000

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 – 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

company NAME

Arkan Import Export

company ADDRESS

Street : Waheeb Al Baitar Street

Area : Al Bayader

P.O.Box No. : 140956

Town : Amman 11814

Country : Jordan

Telephone : (962 6) 581 3474

Fax : (962 6) 581 3282

Email : arkan@go.com.jo

SENIOR COMPANY PERSONNEL

Name Position

1. Khalouq Aref Ibrahim Hejazi General Manager / Owner

2. Shareef Hejazi Deputy General Manager

(son of above)

3. Ayman Hejazi Sales Manager

(brother of the above)

4. Saleh Mohamed Daoud Financial Manager

Total Employees : 10

PAYMENTS

No complaints have been heard regarding payments from local suppliers or banks.

We consider it is acceptable to deal with subject for MEDIUM amounts.

Opinion on maximum credit : JD 120,000

Trade risk assessment: Normal

PRINCIPAL BANKERS

NAME : CAPITAL BANK

Branch : Shmeisani

P.O. Box : 941283

Town : Amman 11194

Telephone: (962 6) 569 4250

Fax : (962 6) 569 2062

The company also has an account with the following banks:

1. ARAB BANK PLC

Main branch

PO Box 950544 / 950545

Amman 11195

Telephone: (962 6) 560 7231

Fax : (962 6) 560 6793

2. Arab Banking Corporation (ABC)

Shmeisani Area

PO Box 926691

Amman 11190

Telephone: (962 6) 562 1807 / 562 1801 / 566 4183

Fax : (962 6) 568 6291

FINANCIAL INFORMATION

Private companies in Jordan are not required to publish or disclose balance sheets. However, the subject interviewed offered

the following information :

Sales Turnover : JD 7,000,000 - 2009 - exact

: JD 6,000,000 - 2010 – exact *

: JD 5,000,000 - 2011 – exact **

Net Profit : JD 350,000 - 2009 - exact

: JD 300,000 - 2010 – exact *

: JD 450,000 - 2011 – projected

Total Invested Capital : JD 5,000,000 (as of August 2011)

* Decrease in sales turnover and net profit in 2010 was due to unfavourable market conditions.

** 6 months results (January - June).

Financial year ends 31 December.

LEGAL STATUS AND HISTORY

Date Started : 21 December 1985

C.R. No. : 39776

National ID No.: 100015770

Capital : JD 5,000

Proprietorship owned by Khalouq Aref Ibrahim Hejazi (Jordanian national).

ACTIVITIES

The Company is involved in the following activities :

Trading as exporters of scrap metals.

NACE Code : 4677

Subject does not import any products at present.

Export to Asia and Middle Eastern countries, mainly to India, China and Egypt.

FACILITIES

The Company has the following facilities :

4,000 sq.m owned premises comprising administrative offices and a processing plant located at the heading address.

SPECIAL NOTE

Interviewed: Ayman Hejazi (Sales Manager).

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.46.13
UK Pound	1	Rs.75.52
Euro	1	Rs.66.53

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.