MIRA INFORM REPORT

Report Date :

19.02.2011

IDENTIFICATION DETAILS

Name :	PRIMARY INGREDIENTS IMPORT AND SUPPLIES CO LTD

Registered Office :	Abdullah Mousa Islaim Building, Office No. 207, 29 Queen Rania Street, Jubaiha, P O Box 212224, Amman 11121

Country :	Jordan

Date of Incorporation :	15.02.2009

Legal Form :	Limited Liability Company

Line of Business :	Import and distribution of veterinary medicines and pharmaceuticals

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 – June 30, 2010

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

Jordan

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

SUMMARY

Company Name : PRIMARY INGREDIENTS IMPORT AND SUPPLIES CO LTD

Country of Origin : Jordan

Legal Form : Limited Liability Company

Registration Date : 15^th February 2009

Issued Capital : JD 10,000

Paid up Capital : JD 10,000

Total Workforce : 6

Activities : Import and distribution of veterinary medicines and pharmaceuticals

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

Recommended Credit Limit : US$ 150,000

Person Interviewed : Sami Al Manfalouti, Managing Director

COMPANY NAME

PRIMARY INGREDIENTS IMPORT AND SUPPLIES CO LTD

company ADDRESS

Registered & Physical Address

Building : Abdullah Mousa Islaim Building, Office No. 207

Street : 29 Queen Rania Street

Area : Jubaiha

PO Box : 212224

Town : Amman 11121

Telephone : (962-6) 5654662 / 5654663 / 5656031

Facsimile : (962-6) 5621038 / 5654661 / 5656032

Mobile : (962-79) 5364152

Email : sami@primaryingredient.com / info@primaryingredients.com

Premises

Subject operates from a small suite of offices that are rented and located in the Central Business Area of Amman.

KEY PRINCIPALS

Name Position

· Sami Al Manfalouti Managing Director

· Mohamed Abu Faris Sales Manager

LEGAL FORM & OWNERS

Date of Establishment : 15^th February 2009

Legal Form : Limited Liability Company

Issued Capital : JD 10,000

Paid up Capital : JD 10,000

Name of Shareholder (s)

· Sami Al Manfalouti

· Orffa Pharma

Netherlands

AFFILIATED COMPANIES

· Integrated For Primary Ingredients

Abdullah Mousa Islaim Building, Office No. 207

29 Queen Rania Street

Jubaiha

PO Box: 212224

Amman 11121

Jordan

Tel: (962-6) 5654662 / 5654663

Fax: (962-6) 5621038 / 5654661

CR No. 139057

OPERATIONS

Activities: Engaged in the import and distribution of veterinary medicines and pharmaceuticals.

Import Countries: Netherlands, United Kingdom and India

Subject has a workforce of 6 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

· Housing Bank for Trade & Finance

Parliament Street

PO Box: 7693

Amman

Tel: (962-6) 5667126

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.45.18
UK Pound	1	Rs.73.04
Euro	1	Rs.61.43

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.