MIRA INFORM REPORT

Report Date :

06.01.2011

IDENTIFICATION DETAILS

Name :	ABOOD ASWAD & PARTNER CO

Registered Office :	Moulien Building, 6^th Floor, Jabal Al Hussain Area, P O Box 211742, 2690 & 852288, Amman 11185

Country :	Jordan

Financials (as on) :	31.12.2009

Date of Incorporation :	22.04.2008

Com. Reg. No.:	90356, Amman

Legal Form :	Limited Liability Partnership

Line of Business :	Distributors of electrical products and general foodstuffs

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$ 200,000
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 : ABOOD ASWAD & PARTNER CO

Country of Origin : Jordan

Legal Form : Limited Liability Partnership

Start Date : 1987

Registration Date : 22^nd April 2008

Commercial Registration Number : 90356, Amman

National ID Number : 200095106

Issued Capital : JD 10,000

Paid up Capital : JD 10,000

Total Workforce : 15

Activities : Distributors of electrical products and general foodstuffs

Financial Condition : Fair

Payments : Nothing detrimental uncovered

Operating Trend : Steady

Recommended Credit Limit : US$ 200,000

COMPANY NAME

ABOOD ASWAD & PARTNER CO

company ADDRESS

Registered & Physical Address

Building : Moulien Building, 6^th Floor

Area : Jabal Al Hussain Area

PO Box : 211742, 2690 & 852288

Town : Amman 11185

Country : Jordan

Telephone : (962-6) 4619897 / 5515523

Facsimile : (962-6) 4627646

Mobile : (962-77) 7328795

Email : al_asayel@batelco.com.jo

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

· Abood Juwir Aswad Managing Partner

· Moosa Khalid Moosa Partner

LEGAL FORM & OWNERS

Date of Establishment : Subject’s operations date back to 1987, however it was registered on 22^nd April 2008

Legal Form : Limited Liability Partnership

Commercial Reg. No. : 90356, Amman

National ID No. : 200095106

Issued Capital : JD 10,000

Paid up Capital : JD 10,000

Name of Partners

· Abood Juwir Aswad

· Moosa Khalid Moosa

OPERATIONS

Activities : Engaged in the import and distribution of electrical products and general foodstuffs.

Import Countries : Europe and GCC countries.

Operating Trend : Steady

Subject has a workforce of 15 employees.

FINANCIAL DATA

Financial highlights provided by local sources are given below:

Currency: Jordanian Dinars (JD)

Year Ending 31/12/08: Year Ending 31/12/09:

Total Sales JD 1,450,000 JD 1,580,000

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

The above financial figures are based on estimations by our local sources.

BANKERS

· Housing Bank for Trade and 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.45.20
UK Pound	1	Rs.70.27
Euro	1	Rs.59.99

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.