MIRA INFORM REPORT

Report Date :

24.03.2011

IDENTIFICATION DETAILS

Name :	INTERNATIONAL OPTICS SUPPLIES LTD

Registered Office :	Park Plaza Mall, Salah Zheimat Street, Sweifiyeh Area, P.O.Box No.17084, Amman 11195

Country :	Jordan

Date of Incorporation :	01.06.2006

Com. Reg. No.:	12230

Legal Form :	Limited Liability Company

Line of Business :	Importers, Wholesalers and Retailers of optics products including, eyeglasses, sunglasses and lenses

RATING & COMMENTS

MIRA’s Rating :

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

Maximum Credit Limit :	US DLRS 150,000
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

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

Company NAME

International Optics Supplies Ltd

Company ADDRESS

Building Park Plaza Mall

Street Salah Zheimat Street

Area Sweifiyeh Area

P.O.Box No. 17084

Town Amman 11195

Country Jordan

Telephone (962 79) 726 6664 (Mobile)

E-Mail inoptics@gmail.com

SENIOR COMPANY PERSONNEL

Name Position

Ahmad Saleem Mohammed Al Qasim Managing Director

Total Employees : 9

PAYMENTS

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

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

however in view of the lack of financial information we recommend international suppliers exercise a degree of caution.

Opinion on maximum credit : JD 20,000 (higher amounts may be

considered with full fiscal disclosure)

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 series of transactions provided the total indebtedness is strictly monitored.

PRINCIPAL BANKERS

NAME : SOCIETE GENERALE DE BANQUE

Branch : Shmeisani Main branch

P.O. Box : 560

Town : Amman 11118

Telephone : (962 6) 592 4637

Fax : (962 6) 592 4639

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 : 1 June 2006

C.R. No. : 12230

National ID No.: 200087045

Authorised Capital : JD 30,000

Paid-Up Capital : JD 30,000

Limited Liability Company with the following sole shareholder :

Ahmad Saleem Mohammed Al Qasim 100%

(Jordanian national)

ACTIVITIES

The Company is involved in the following activities :

Trading as importers, wholesalers and retailers of optics products including, eyeglasses, sunglasses and lenses.

Imports from Europe and Asia, mainly from UK, Germany, UAE and Hong Kong.

Subject only sells locally and does not engage in re-export business.

FACILITIES

The Company has the following facilities :

Rented office premises, a retail outlet and storage facilities located at the heading address.

SPECIAL NOTE

The contact person name given by you: Mr Ahmed Al Qasen is misspelt. Please note that subject’s contact person name is: Ahmad Saleem Mohammed Al Qasim.

Interviewed: Ahmad Saleem Mohammed Al Qasim (Managing Director).

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.96
UK Pound	1	Rs.73.57
Euro	1	Rs.63.68

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.