MIRA INFORM REPORT

Report Date :

22.03.2011

IDENTIFICATION DETAILS

Name :	LUNA FOR TRADING FOOD INGREDIENTS AND CHEMICAL INDUSTRIES
Formerly Known As :	The Egyptian Luna Co
Registered Office :	Luna Company Building Zarqa Free Zone Zarqa
Country :	Jordan
Date of Incorporation :	03.06.2007
Com. Reg. No.:	2109
Legal Form :	Egyptian Limited Liability Company
Line of Business :	Trading as importers and distributors of medicine & health care raw materials.

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	JD 30,000
Status :	Small Company
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 – December 31, 2010

Country Name	Previous Rating (30.09.2010)	Current Rating (31.12.2010)
Jordan	B1	B1

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

Company name

Luna For Trading Food Ingredients and Chemical Industries (Correct)

THE EGYPTIAN LUNA CO (Requested)

ADDRESS

Building : Luna Company Building

Area : Zarqa Free Zone

Town : Zarqa

Country : Jordan

Telephone : (962 5) 382 6507 / Mobile (962 79) 531 5710 (Eng.

Mohammed Rifai)

Fax : (962 5) 397 9013

Also known as : The Egyptian Luna Co

SENIOR COMPANY PERSONNEL

Name Position

1. Eng. Mohammed Rifai General Manager

2. Ahmad Jalal Chief Accountant

Total Employees : 8

PAYMENTS

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

This undertaking comprises Jordan Branch of The Egyptian Luna Co. a company headquartered in Egypt.

We consider it is acceptable to deal with subject for SMALL amounts,

however it should be borne in mind that subject is only a branch

operation and international suppliers may prefer to see the complete

picture by obtaining information on The Egyptian Luna Co., Egypt.

Opinion on maximum credit : JD 30,000 (due attention will be given to the above remarks)

Trade risk assessment: Normal

Opinion on the credit figure of US DLRS 150,000 :

The above figure is higher than normally seen in one amount, however could prove admissible in a short series of transactions provided

the total indebtedness is strictly monitored.

PRINCIPAL BANKERS

NAME : HSBC

Branch : Abdoun Branch

Town : Amman

Telephone: (962 6) 590 1100

Fax : (962 6) 592 0452

The company also has an account with :

Jordan Ahli Bank

Queen Noor Street

Shmeisani

PO Box 3103

Amman 11181

Telephone: (962 6) 563 8800

Fax : (962 6) 562 2281

FINANCIAL INFORMATION

Private companies in Jordan are not required to publish or disclose balance sheets. Balance sheets are not available from other sources, and the subject interviewed declined to give any financial information, which the company regards as strictly confidential.

LEGAL STATUS AND HISTORY

Date Started : 3 June 2007

C.R. No. : 2109

National ID No.: 200060766

Capital : JD 160,000

Subject is a foreign branch of an Egyptian Limited Liability Company

with the following officials :

1. Eng. Mohammed Rifai

(Jordanian national)

2. Ahmad Jalal

(Jordanian national)

Subject is a branch of the following company :

The Egyptian Luna Co.

72, EL Sharikat street

PO Box 43

Ghamra 11251

Cairo

Egypt

Telephone: (20 2) 2236 1501 / 2234 4117

Fax : (20 2) 2236 1504 / 2232 2858

Chairman : Dr George Amin Youssef Marzouq (Egyptian national)

Personal Profile of Dr George Amin Youssef Marzouq, the Luna Group Chairman :

- Chairman & Managing Director of Luna Group

- Member of American Chamber of Commerce

- Member of Canada Egypt Business Council "CEBC"

- Member of German-Arab Chamber of Industry & Commerce

- Member of Chambre de Commerce Francaise En Egypte

- Member of Egyptian Businessmen's Association

Affiliated companies of The Egyptian Luna Co. :

Associates

Subject is member of the Luna Group of Companies, Egypt which also includes the following companies :

1. Luna Perfumes & Cosmetics (PAC) S.A.E.

Egypt

2. Luna Flavors & Fragrances "L.T.D."

Egypt

3. Industrial Investments S.A.E.

Egypt

4. Luna Co. For Trading Ingredients For Food And Chemical Industries

El Amriya Free Zone S.A.E.

Alexandria

Egypt

ACTIVITIES

The Company is involved in the following activities :

Trading as importers and distributors of medicine & health care raw materials.

Subject distributes its products to medicine and health care manufacturers companies.

Imports worldwide, mainly from Germany, Ireland, China, India, Malaysia and Egypt.

Exports to Egypt and Iraq.

FACILITIES

The Company has the following facilities :

Rented administrative offices and storage facilities located at the heading address.

SPECIAL NOTE

You enquired on: THE EGYPTIAN LUNA. Please note that subject is also known by this name. Subject's correct registered name is as per heading.

The address given by you: Zarqa Free Zone Areazarka is misspelt. Please note that the correct spelling is as per heading.

The contact person given by you: Mr. Khalil Baqaein is retired from the company. Please note that subject’s principal contact person is: Eng. Mohammed Rifai.

Interviewed: Eng. Mohammed Rifai (General Manager).

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.05
UK Pound	1	Rs.73.05
Euro	1	Rs.63.81

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.