MIRA INFORM REPORT

Report Date :

01.11.2011

IDENTIFICATION DETAILS

Name :	AL METHALIA FOR MEAT TRADING COMPANY

Registered Office :	Jaber II Building, Khalil Al Salem Street, Tla Al Aale, PO Box 4365, Amman 11953

Country :	Jordan

Financials (as on) :	31.12.2010

Date of Incorporation :	01.04.2009

Com. Reg. No.:	20217, Amman

Legal Form :	Limited Liability Company

Line of Business :	Distributors of Fresh and Frozen Meat and Poultry

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$ 100,000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
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 – September 30^th, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Jordan

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

SUMMARY

Company Name : AL METHALIA FOR MEAT TRADING COMPANY

Country of Origin : Jordan

Legal Form : Limited Liability Company

Registration Date : 1^st April 2009

Commercial Registration Number : 20217, Amman

Issued Capital : JD 30,000

Paid up Capital : JD 30,000

Total Workforce : 9

Activities : Distributors of fresh and frozen meat and poultry.

Financial Condition : Fair

Payments : Nothing detrimental uncovered

Recommended Credit Limit : US$ 100,000

COMPANY NAME

AL METHALIA FOR MEAT TRADING COMPANY

COMPANY ADDRESS

Registered & Physical Address

Building : Jaber II Building

Street : Khalil Al Salem Street

Area : Tla Al Aale

PO Box : 4365

Town : Amman 11953

Country : Jordan

Telephone : (962-6) 5371396

Facsimile : (962-6) 5371397

Mobile : (962-79) 9150300

Email : khrais5000@hotmail.com

Premises

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

KEY PRINCIPALS

Name Position

· Mahmoud Ibrahim Mohamed Khrais Managing Director

· Ibrahim Al Sabawi General Manager

LEGAL FORM & OWNERS

Date of Establishment : 1^st April 2009

Legal Form : Limited Liability Company

Commercial Reg. No. : 20217, Amman

Issued Capital : JD 30,000

Paid up Capital : JD 30,000

Name of Shareholder (s) Percentage

· Mahmoud Ibrahim Mohamed Khrais 100%

OPERATIONS

Activities: Engaged in the import and distribution of fresh and frozen meat and poultry.

Import Countries: Europe and the Far East.

Subject has a workforce of 9 employees.

FINANCIAL DATA

Financial highlights provided by local sources are given below:

Currency: Jordanian Dinars (JD)

Year Ending 31/12/10:

Total Sales JD 625,000

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

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

BANKERS

· HSBC Bank Middle East

Khalid Bin Walid Street

Jebel Hussein

PO Box: 925286

Amman

Tel: (962-6) 5660471 / 5607471

Fax: (962-6) 5692964

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

During the course of this investigation nothing detrimental was uncovered regarding subject’s operating history or the manner in which payments are fulfilled. As such the company is considered to be a fair trade risk.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.48.87
UK Pound	1	Rs.78.11
Euro	1	Rs.68.36

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.