MIRA INFORM REPORT

Report Date :

07.06.2011

IDENTIFICATION DETAILS

Name :	DOLPHIN CONVERTING INDUSTRIES

Registered Office :	King Abdullah II City, Sahab, P O Box 9192, Amman 11191

Country :	Jordan

Date of Incorporation :	14.02.2007

Com. Reg. No.:	10875, Amman

Legal Form :	Limited Liability Partnership

Line of Business :	Manufacturers of paper and paper products

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Commercial Registration No Expired

Payment Behaviour :	----

Litigation :	----

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 : DOLPHIN CONVERTING INDUSTRIES

Country of Origin : Jordan

Legal Form : Limited Liability Partnership

Registration Date : 14^th February 2007

Commercial Registration Number : 10875, Amman

Chamber Membership Number : 19580

National ID Number : 2000022921

Issued Capital : JD 100,000

Paid up Capital : JD 100,000

Total Workforce : 20

Activities : Manufacturers of paper and paper products.

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

COMPANY NAME

DOLPHIN CONVERTING INDUSTRIES

company ADDRESS

Registered & Physical Address

Location : King Abdullah II City, Sahab

PO Box : 9192

Town : Amman 11191

Country : Jordan

Telephone : (962-6) 40244428 / 40244426

Facsimile : (962-6) 40244429

Email : info@dcipaper.com

Premises

Subject operates from a medium sized suite of offices and a factory that are rented and located in the Industrial Area of Amman.

KEY PRINCIPALS

Name Position

· Mohanad Naji Mohsin Managing Partner

LEGAL FORM & OWNERS

Date of Establishment : 14^th February 2007

Legal Form : Limited Liability Partnership

Commercial Reg. No. : 10875, Amman (Expired in 2008)

Chamber Member No. : 19580

National ID No. : 2000022921

Issued Capital : JD 100,000

Paid up Capital : JD 100,000

Name of Partners

· Mohanad Naji Mohsin

· Jordanian businessmen & private investors

OPERATIONS

Activities: Engaged in the manufacture of paper and paper products.

Subject has a workforce of 20 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

· Bank of Jordan Ltd

King Hussain Street

PO Box: 37

Amman

Tel: (962-6) 5630301

Fax: (962-6) 5638889

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

Please note that we were unable to contact the subject directly during our investigation.

Bearing this in mind and due to the fact that the subject’s commercial registration number has expired we suggest that any dealings with the subject be on fully secured terms.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.72
UK Pound	1	Rs.73.46
Euro	1	Rs.65.47

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.