MIRA INFORM REPORT

 

 

Report Date :           

30.11.2011

 

IDENTIFICATION DETAILS

 

Name :

JORDAN MARBLE COMPANY PLC

 

 

Registered Office :

Abu Alanda, Hizam Road, Behind Al Qadessieh Garage, Amman, 11162

 

 

Country :

Jordan

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

07.04.2009

 

 

Legal Form :

Public Independent Company

 

 

Line of Business :

processing and supplying of different types of marble, granite, limestone and other natural stones

 

 

No. of Employees :

71 Persons

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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 & address 

 

Jordan Marble Company PLC

Abu Alanda, Hizam Road

Behind Al Qadessieh Garage

Amman, 11162

Jordan

Tel:       962-6-4163070

Fax:      962-6-4162804

Web:    www.jordan-marble.com

           

 

Synthesis

 

Employees:                  71

Company Type:            Public Independent

Traded:                         Amman Financial Market:           JMCO

Incorporation Date:         07-Apr-2009

Auditor:                        Ghosheh & Co. 

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Jordanian Dinar

Annual Sales:               3.9  1

Net Income:                   0.1

Total Assets:                9.8  2

 

 

Business Description     

 

Jordan Marble Company PLC, a member of Al Zammar Group of companies, is a Jordan-based company specialized in processing and supplying of different types of marble, granite, limestone and other natural stones. The Company provides several types of marbles through its quarries, namely Ajlouni, Karaki, Travertine, Granit, Marmi Travertine, Multi Green, Khalele, Honey Moon, Bazelt, T38 and building stones. For the six months ended 30 June 2011, Jordan Marble Company's total revenue increased 33% to JD1.8M. Net income increased 8% to JD29K. Total revenue reflects an increase on demand for the company's products and services. Net income was partially offset by an increase in interest expense, general administrative expenses as well as selling and marketing expenses. Jordan Marble Company is a Jordan-based Company.

 

Industry

Industry            Construction - Raw Materials

ANZSIC 2006:    0919 - Other Construction Material Mining

NACE 2002:      141 - Quarrying of stone

NAICS 2002:     212311 - Dimension Stone Mining and Quarrying

UK SIC 2003:    141 - Quarrying of stone

US SIC 1987:    1411 - Dimension Stone

 

           

Key Executives   

 

Name

Title

Nabil Salim Najib Al Zammar

Vice Chairman of the Board, General Manager

Mohammed Naim Shehadah Ghunaim

Deputy General Manager Finance and Administration

Said Asaad Abd Al Herbawi

Deputy General Manager for Technical and Production Division

Salim Najib Mamhoud Al Zammar

Chairman of the Board

Najib Salim Najib Al Zammar

Member of the Board

 

 

Significant Developments 

 

Topic

#*

Most Recent Headline

Date

Dividends

1

Jordan Marble Company PLC Recommends 2% Cash Dividend for FY 2010

10-Apr-2011

 

* number of significant developments within the last 12 months

 

 

Financial Summary    

 

As of 30-Jun-2011

Key Ratios                               Company         Industry

Current Ratio (MRQ)                   2.59                  2.04

Quick Ratio (MRQ)                     1.34                  1.12

Debt to Equity (MRQ)                 0.61                  1.04

Net Profit Margin (TTM) %           1.35                  -1.38

Return on Assets (TTM) %          0.61                  -0.0060

Return on Equity (TTM) %           0.98                  -2.72

 

Stock Snapshot 

Traded: Amman Financial Market: JMCO

 

As of 31-Dec-2010   Financials in: JOD

Price % Change Rel S&P 500%

 

1 - Profit & Loss Item Exchange Rate: USD 1 = JOD 0.7081469

2 - Balance Sheet Item Exchange Rate: USD 1 = JOD 0.7082

 

 

Corporate Overview

 

Location

Abu Alanda, Hizam Road

Behind Al Qadessieh Garage

Amman, 11162

Jordan

Tel:       962-6-4163070

Fax:      962-6-4162804

Web:    www.jordan-marble.com

           

Quote Symbol - Exchange

JMCO - Amman Financial Market

Sales JOD(mil):             2.8

Assets JOD(mil):           6.9

Employees:                   71

Fiscal Year End:            31-Dec-2010

Industry:                        Construction - Raw Materials

Incorporation Date:         07-Apr-2009

Company Type:             Public Independent

Quoted Status:              Quoted

Deputy General

Manager Finance and Administration:      Mohammed Naim Shehadah Ghunaim

 

Company Web Links

·         Company Contact/E-mail

·         Corporate History/Profile

·         Home Page

·         Products/Services

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

0919     -          Other Construction Material Mining

 

NACE 2002 Codes:

141       -          Quarrying of stone

1412     -          Quarrying of limestone, gypsum and chalk

1411     -          Quarrying of ornamental and building stone

 

NAICS 2002 Codes:

212313  -          Crushed and Broken Granite Mining and Quarrying

212312  -          Crushed and Broken Limestone Mining and Quarrying

212319  -          Other Crushed and Broken Stone Mining and Quarrying

212311  -          Dimension Stone Mining and Quarrying

 

US SIC 1987:

1423     -          Crushed and Broken Granite

1422     -          Crushed and Broken Limestone

1429     -          Crushed and Broken Stone, Not Elsewhere Classified

1411     -          Dimension Stone

 

UK SIC 2003:

141       -          Quarrying of stone

1412     -          Quarrying of limestone, gypsum and chalk

1411     -          Quarrying of ornamental and building stone

 

Business Description

Jordan Marble Company PLC, a member of Al Zammar Group of companies, is a Jordan-based company specialized in processing and supplying of different types of marble, granite, limestone and other natural stones. The Company provides several types of marbles through its quarries, namely Ajlouni, Karaki, Travertine, Granit, Marmi Travertine, Multi Green, Khalele, Honey Moon, Bazelt, T38 and building stones. For the six months ended 30 June 2011, Jordan Marble Company's total revenue increased 33% to JD1.8M. Net income increased 8% to JD29K. Total revenue reflects an increase on demand for the company's products and services. Net income was partially offset by an increase in interest expense, general administrative expenses as well as selling and marketing expenses. Jordan Marble Company is a Jordan-based Company.

 

Financial Data

Financials in:

JOD(mil)

 

Revenue:

2.8

Net Income:

0.0

Assets:

6.9

Long Term Debt:

0.3

 

Total Liabilities:

2.4

 

Working Capital:

0.0

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

-10.4%

NA

NA

Key Corporate Relationships

Auditor:

Ghosheh & Co.

 

Auditor:

Ghosheh & Co.

 

 

 

 

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Salim Najib Mamhoud Al Zammar

 

Chairman of the Board

Chairman

 

Reuters Biography (Jordan Marble Company PLC)

Mr. Salim Najib Mamhoud Al Zammar serves as Chairman of the board of Jordan Marble Company PLC. He did Secondary studies. He has experience in plants operations, production, marble and granite cuts.

Nabil Salim Najib Al Zammar

 

Vice Chairman of the Board, General Manager

Vice-Chairman

 

 

Reuters Biography (Jordan Marble Company PLC)

Mr. Nabil Salim Najib Al Zammar serves as Vice Chairman of the Board and General Manager of Jordan Marble Company PLC. He holds a Bachelors degree in Accounting. He has experience in plants operations, production, marble and granite cuts.


Compensation/Salary: 24,000

Mohammed Marwan Salim Najib Al Zammar

 

Member of the Board

Director/Board Member

 

 

Reuters Biography (Jordan Marble Company PLC)

Mr. Mohammed Marwan Salim Najib Al Zammar serves as Member of the Board and General Manager of Jordan Marble Company PLC. He holds a Diploma in Architecture. He has experience in plants operations, production, marble and granite cuts.


Compensation/Salary: 15,060

Najib Salim Najib Al Zammar

 

Member of the Board

Director/Board Member

 

 

Reuters Biography (Jordan Marble Company PLC)

Mr. Najib Salim Najib Al Zammar serves as Member of the Board and General Manager of Jordan Marble Company PLC. He holds a Diploma in Decoration. He has experience in plants operations, production, marble and granite cuts.

 

Executives

 

Name

Title

Function

 

Nabil Salim Najib Al Zammar

 

Vice Chairman of the Board, General Manager

Division Head Executive

 

Reuters Biography (Jordan Marble Company PLC)

Mr. Nabil Salim Najib Al Zammar serves as Vice Chairman of the Board and General Manager of Jordan Marble Company PLC. He holds a Bachelors degree in Accounting. He has experience in plants operations, production, marble and granite cuts.


Compensation/Salary: 24,000

Mohammed Naim Shehadah Ghunaim

 

Deputy General Manager Finance and Administration

Administration Executive

 

 

Reuters Biography (Jordan Marble Company PLC)

Mr. Mohammed Naim Shehadah Ghunaim serves as Deputy General Manager Finance and Administration of Jordan Marble Company PLC since July 4, 2007. He holds a Bachelors degree in Accounting. He has 30 years of experience in accounting and administration.


Compensation/Salary: 21,000

Said Asaad Abd Al Herbawi

 

Deputy General Manager for Technical and Production Division

Engineering/Technical Executive

 

 

Reuters Biography (Jordan Marble Company PLC)

Mr. Said Asaad Abd Al Herbawi serves as Deputy General Manager for Technical and Production Division. He holds a Diploma in Accounting. He has 18 years of experience in the marble and granite production.


Compensation/Salary: 23,700

 

 

Significant Developments

 

Jordan Marble Company PLC Recommends 2% Cash Dividend for FY 2010 Apr 10, 2011

 

Jordan Marble Company PLC announced that its Board of Directors has recommended to increase the Company's share capital by JOD 80,000, representing 2% as cash dividend, for the fiscal year ending December 31, 2010.

 

 

Annual Income Statement

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
31-Dec-2010

Reclassified Normal 
31-Dec-2010

Restated Normal 
31-Dec-2009

Updated Normal 
31-Dec-2007

Filed Currency

JOD

JOD

JOD

JOD

Exchange Rate (Period Average)

0.708147

0.70834

0.708217

0.708426

Auditor

Ghosheh & Co.

J.NALAWI

J.NALAWI

J.NALAWI

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

    Net Sales

3.9

4.4

6.5

3.1

Revenue

3.9

4.4

6.5

3.1

Total Revenue

3.9

4.4

6.5

3.1

 

 

 

 

 

    Cost of Revenue

3.3

3.7

5.5

2.7

Cost of Revenue, Total

3.3

3.7

5.5

2.7

Gross Profit

0.6

0.7

1.0

0.3

 

 

 

 

 

    Selling/General/Administrative Expense

0.4

0.5

0.9

0.3

Total Selling/General/Administrative Expenses

0.4

0.5

0.9

0.3

    Other, Net

0.0

0.0

-

-

Other Operating Expenses, Total

0.0

0.0

-

-

Total Operating Expense

3.7

4.2

6.4

3.1

 

 

 

 

 

Operating Income

0.2

0.2

0.2

0.0

 

 

 

 

 

        Interest Expense - Non-Operating

-0.1

-0.1

-

-

    Interest Expense, Net Non-Operating

-0.1

-0.1

-

-

Interest Income (Expense) - Net Non-Operating Total

-0.1

-0.1

-

-

    Other Non-Operating Income (Expense)

0.0

0.0

0.0

0.0

Other, Net

0.0

0.0

0.0

0.0

Income Before Tax

0.1

0.1

0.2

0.0

 

 

 

 

 

Total Income Tax

0.0

0.0

0.0

0.0

Income After Tax

0.1

0.1

0.1

0.0

 

 

 

 

 

Net Income Before Extraord Items

0.1

0.1

0.1

0.0

Net Income

0.1

0.1

0.1

0.0

 

 

 

 

 

Income Available to Common Excl Extraord Items

0.1

0.1

0.1

0.0

 

 

 

 

 

Income Available to Common Incl Extraord Items

0.1

0.1

0.1

0.0

 

 

 

 

 

Basic/Primary Weighted Average Shares

4.0

4.0

4.0

4.0

Basic EPS Excl Extraord Items

0.01

0.02

0.03

0.01

Basic/Primary EPS Incl Extraord Items

0.01

0.02

0.03

0.01

Diluted Net Income

0.1

0.1

0.1

0.0

Diluted Weighted Average Shares

4.0

4.0

4.0

4.0

Diluted EPS Excl Extraord Items

0.01

0.02

0.03

0.01

Diluted EPS Incl Extraord Items

0.01

0.02

0.03

0.01

Dividends per Share - Common Stock Primary Issue

0.00

0.00

-

0.00

Gross Dividends - Common Stock

0.0

0.0

0.1

0.0

Interest Expense, Supplemental

0.1

0.1

-

-

Depreciation, Supplemental

0.3

0.5

-

-

Normalized Income Before Tax

0.1

0.1

0.2

0.0

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

0.0

0.0

0.0

0.0

Normalized Income After Tax

0.1

0.1

0.1

0.0

 

 

 

 

 

Normalized Inc. Avail to Com.

0.1

0.1

0.1

0.0

 

 

 

 

 

Basic Normalized EPS

0.01

0.02

0.03

0.01

Diluted Normalized EPS

0.01

0.02

0.03

0.01

Advertising Expense, Supplemental

0.0

0.0

-

-

Normalized EBIT

0.2

0.2

0.2

0.0

Normalized EBITDA

0.5

0.7

0.2

0.0

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

UpdateType/Date

Updated Normal 
31-Dec-2010

Reclassified Normal 
31-Dec-2010

Updated Normal 
31-Dec-2008

Updated Normal 
31-Dec-2007

Filed Currency

JOD

JOD

JOD

JOD

Exchange Rate

0.7082

0.70775

0.70875

0.70875

Auditor

Ghosheh & Co.

J.NALAWI

J.NALAWI

J.NALAWI

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

    Cash & Equivalents

0.0

0.4

0.1

0.1

Cash and Short Term Investments

0.0

0.4

0.1

0.1

        Provision for Doubtful Accounts

-

-

0.0

0.1

    Trade Accounts Receivable - Net

1.7

0.7

0.2

0.2

    Notes Receivable - Short Term

-

-

0.0

0.0

    Other Receivables

1.0

0.7

1.4

1.6

Total Receivables, Net

2.6

1.4

1.5

1.8

    Inventories - Finished Goods

1.7

1.4

-

-

    Inventories - Work In Progress

0.1

0.1

-

-

    Inventories - Raw Materials

1.7

1.8

-

-

    Inventories - Other

1.3

0.5

3.9

3.4

Total Inventory

4.7

3.8

3.9

3.4

    Other Current Assets

0.0

0.0

0.0

0.0

Other Current Assets, Total

0.0

0.0

0.0

0.0

Total Current Assets

7.4

5.5

5.6

5.3

 

 

 

 

 

        Buildings

0.3

0.3

0.3

-

        Land/Improvements

0.0

0.0

-

-

        Machinery/Equipment

2.7

2.7

2.8

-

        Other Property/Plant/Equipment

0.5

0.6

0.5

-

    Property/Plant/Equipment - Gross

3.6

3.5

3.6

3.5

    Accumulated Depreciation

-1.2

-0.9

-0.6

-0.2

Property/Plant/Equipment - Net

2.4

2.7

3.1

3.3

Total Assets

9.8

8.2

8.7

8.6

 

 

 

 

 

Accounts Payable

0.2

0.1

0.0

0.0

Notes Payable/Short Term Debt

2.4

0.8

2.0

2.1

    Income Taxes Payable

-

-

0.0

0.0

    Other Payables

0.4

0.6

0.4

0.3

    Other Current Liabilities

-

-

0.0

0.0

Other Current liabilities, Total

0.4

0.6

0.4

0.3

Total Current Liabilities

3.0

1.4

2.4

2.4

 

 

 

 

 

    Long Term Debt

0.4

0.5

-

-

Total Long Term Debt

0.4

0.5

0.0

0.0

Total Debt

2.8

1.2

2.0

2.1

 

 

 

 

 

Total Liabilities

3.5

1.9

2.4

2.4

 

 

 

 

 

    Common Stock

5.6

5.7

5.6

5.6

Common Stock

5.6

5.7

5.6

5.6

Retained Earnings (Accumulated Deficit)

0.7

0.6

0.7

0.6

Total Equity

6.3

6.3

6.3

6.2

 

 

 

 

 

Total Liabilities & Shareholders’ Equity

9.8

8.2

8.7

8.6

 

 

 

 

 

    Shares Outstanding - Common Stock Primary Issue

4.0

4.0

4.0

4.0

Total Common Shares Outstanding

4.0

4.0

4.0

4.0

Employees

71

71

71

-

Deferred Revenue - Current

0.1

0.0

-

-

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
31-Dec-2010

Reclassified Normal 
31-Dec-2010

Updated Normal 
31-Dec-2008

Updated Normal 
31-Dec-2007

Filed Currency

JOD

JOD

JOD

JOD

Exchange Rate (Period Average)

0.708147

0.70834

0.708217

0.708426

Auditor

Ghosheh & Co.

J.NALAWI

J.NALAWI

J.NALAWI

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

Net Income/Starting Line

0.1

0.1

0.2

-

    Depreciation

0.3

0.5

0.4

-

Depreciation/Depletion

0.3

0.5

0.4

-

    Other Non-Cash Items

-0.1

0.5

-

-

Non-Cash Items

-0.1

0.5

-

-

    Accounts Receivable

-1.3

0.3

-

-

    Inventories

-0.9

0.1

-

-

    Other Assets

0.0

0.0

-

-

    Accounts Payable

0.1

-0.1

-

-

    Other Liabilities

0.4

0.0

-

-

    Other Operating Cash Flow

-0.1

-0.1

0.3

-

Changes in Working Capital

-1.9

0.2

0.3

-

Cash from Operating Activities

-1.5

1.3

0.9

-

 

 

 

 

 

    Purchase of Fixed Assets

-0.1

-0.2

-0.2

-

Capital Expenditures

-0.1

-0.2

-0.2

-

Cash from Investing Activities

-0.1

-0.2

-0.2

-

 

 

 

 

 

    Cash Dividends Paid - Common

0.0

-0.1

-

-

Total Cash Dividends Paid

0.0

-0.1

-

-

    Short Term Debt, Net

1.2

-0.7

-0.6

-

Issuance (Retirement) of Debt, Net

1.2

-0.7

-0.6

-

Cash from Financing Activities

1.2

-0.9

-0.6

-

 

 

 

 

 

Net Change in Cash

-0.3

0.3

0.0

-

 

 

 

 

 

Net Cash - Beginning Balance

0.4

0.1

0.1

-

Net Cash - Ending Balance

0.0

0.4

0.1

-

Cash Interest Paid

0.1

0.1

-

-

 

 

Annual Income Statement

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
31-Dec-2010

Reclassified Normal 
31-Dec-2010

Restated Normal 
31-Dec-2009

Updated Normal 
31-Dec-2007

Filed Currency

JOD

JOD

JOD

JOD

Exchange Rate (Period Average)

0.708147

0.70834

0.708217

0.708426

Auditor

Ghosheh & Co.

Ghosheh & Co.

J.NALAWI

J.NALAWI

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

    Sales

3.9

4.4

6.5

3.1

Total Revenue

3.9

4.4

6.5

3.1

 

 

 

 

 

    Cost of Sales

3.3

3.7

5.5

2.7

    General & Adminstrative

0.4

0.4

0.9

0.3

    Selling Expense

0.1

0.1

-

-

    Depreciation

0.0

0.0

-

-

    Other Fees

0.0

0.0

-

-

Total Operating Expense

3.7

4.2

6.4

3.1

 

 

 

 

 

    Interest Expense

-0.1

-0.1

-

-

    Other Expense

0.0

0.0

0.0

0.0

Net Income Before Taxes

0.1

0.1

0.2

0.0

 

 

 

 

 

Provision for Income Taxes

0.0

0.0

0.0

0.0

Net Income After Taxes

0.1

0.1

0.1

0.0

 

 

 

 

 

Net Income Before Extra. Items

0.1

0.1

0.1

0.0

Net Income

0.1

0.1

0.1

0.0

 

 

 

 

 

Income Available to Com Excl ExtraOrd

0.1

0.1

0.1

0.0

 

 

 

 

 

Income Available to Com Incl ExtraOrd

0.1

0.1

0.1

0.0

 

 

 

 

 

Basic Weighted Average Shares

4.0

4.0

4.0

4.0

Basic EPS Excluding ExtraOrdinary Items

0.01

0.02

0.03

0.01

Basic EPS Including ExtraOrdinary Items

0.01

0.02

0.03

0.01

Diluted Net Income

0.1

0.1

0.1

0.0

Diluted Weighted Average Shares

4.0

4.0

4.0

4.0

Diluted EPS Excluding ExtraOrd Items

0.01

0.02

0.03

0.01

Diluted EPS Including ExtraOrd Items

0.01

0.02

0.03

0.01

DPS-Common Shares

0.00

0.00

-

0.00

Gross Dividends - Common Stock

0.0

0.0

0.1

0.0

Normalized Income Before Taxes

0.1

0.1

0.2

0.0

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

0.0

0.0

0.0

0.0

Normalized Income After Taxes

0.1

0.1

0.1

0.0

 

 

 

 

 

Normalized Inc. Avail to Com.

0.1

0.1

0.1

0.0

 

 

 

 

 

Basic Normalized EPS

0.01

0.02

0.03

0.01

Diluted Normalized EPS

0.01

0.02

0.03

0.01

Depreciation

0.3

0.5

-

-

Interest Expense, Supplemental

0.1

0.1

-

-

Advertising

0.0

0.0

-

-

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

UpdateType/Date

Updated Normal 
31-Dec-2010

Reclassified Normal 
31-Dec-2010

Updated Normal 
31-Dec-2008

Updated Normal 
31-Dec-2007

Filed Currency

JOD

JOD

JOD

JOD

Exchange Rate

0.7082

0.70775

0.70875

0.70875

Auditor

Ghosheh & Co.

Ghosheh & Co.

J.NALAWI

J.NALAWI

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

    Cash & Equivalent

0.0

0.4

0.1

0.1

    Accounts Receivable Net

1.7

0.7

0.1

0.1

    Due from Related Parties

0.0

0.0

-

-

    Cheques under Collection

0.8

0.4

0.0

0.1

    Raw Material

1.7

1.8

-

-

    Finished Goods

1.7

1.4

-

-

    Work in Progress

0.1

0.1

-

-

    Other Inventory in Free Zone

0.1

0.1

0.0

0.0

    Goods in Transit

0.8

0.1

-

-

    Spare Parts

0.3

0.3

-

-

    Other Receivables

0.2

0.2

0.2

1.1

    Export Receivables

-

-

0.1

0.1

    Letters of Credit Expense

-

-

0.1

0.6

    Temporary Inventory

-

-

0.3

0.3

    Inventory (Stored )

-

-

0.3

0.3

    Railway

-

-

0.0

0.0

    Assets Held at Custom Authority ( Litiga

-

-

0.0

0.0

    Letteers of Credit Arab Bank

-

-

0.0

0.1

    Withdraw under Collection Arab Bank

-

-

0.2

0.0

    Letters of Credit Pending

-

-

0.0

0.3

    Cheques under Collection Union Bank

-

-

0.0

0.1

    Returned Cheques

-

-

0.0

0.1

    Doubtful Accounts

-

-

0.0

0.1

    Refunded Gurantees

-

-

0.0

0.0

    Invntory EOP

-

-

0.0

0.0

    Invntory EOP Requements

-

-

3.1

1.7

    Due from Suppliers

-

-

0.1

0.0

    Litigation Receivable

-

-

0.1

0.0

    Loans to Employees

-

-

0.0

0.0

    Inventory with Third Party

-

-

0.0

0.0

    Cheques

-

-

0.5

0.0

    Deferred Cheques

-

-

0.0

0.0

    Notes Receivable

-

-

0.0

0.0

Total Current Assets

7.4

5.5

5.6

5.3

 

 

 

 

 

    Propert Plant & Equipment Gross

-

-

-

3.5

    Properties

0.3

0.3

0.3

-

    Lands

0.0

0.0

-

-

    Machinery & Equipment

2.3

2.3

2.4

-

    Electricity Grid

0.1

0.1

0.1

-

    Office Equipment

-

-

0.0

-

    Furniture & Decoration

0.0

0.0

0.0

-

    Vehicles

0.1

0.1

0.1

-

    Tools

0.0

0.0

0.0

-

    Networks

0.0

0.0

0.0

-

    Water Pipes

0.0

0.0

0.0

-

    Quarries Equipment

0.0

0.0

0.0

-

    Other Tangible Fixed Assets

0.5

0.6

0.5

-

    Accumulated Depreciation

-1.2

-0.9

-0.6

-0.2

Total Assets

9.8

8.2

8.7

8.6

 

 

 

 

 

    Accounts Payables

0.2

0.1

0.0

0.0

    Due to Banks

2.0

0.6

1.5

2.1

    Deferred Cheques

0.4

0.0

0.1

0.0

    Due to Shareholders

0.0

0.6

0.0

0.0

    Loan

0.2

0.2

0.5

0.0

    Notes Payable to The Islamic Bank

0.2

0.0

-

-

    Other Payables

-

0.0

0.1

0.3

    Export Payables

-

-

0.1

0.0

    Payable to Employees Fund

-

-

0.0

0.0

    Tax Provision

-

-

0.0

0.0

    Provision for Education Support

-

-

0.0

0.0

    Due to Suppliers

-

-

0.0

0.0

    Insurance Policies Payable

-

-

0.0

0.0

Total Current Liabilities

3.0

1.4

2.4

2.4

 

 

 

 

 

    LT Loans

0.3

0.5

-

-

    LT Notes Payable

0.2

0.0

-

-

Total Long Term Debt

0.4

0.5

-

-

 

 

 

 

 

Total Liabilities

3.5

1.9

2.4

2.4

 

 

 

 

 

    Share Capital

5.6

5.7

5.6

5.6

    Complusury Reserve

0.1

0.1

0.1

0.1

    Optional Reserve

0.5

0.5

0.5

0.4

    Retained Earning

0.1

0.1

0.2

0.1

Total Equity

6.3

6.3

6.3

6.2

 

 

 

 

 

Total Liabilities & Shareholders' Equity

9.8

8.2

8.7

8.6

 

 

 

 

 

    S/O-Common Shares

4.0

4.0

4.0

4.0

Total Common Shares Outstanding

4.0

4.0

4.0

4.0

Customer Advances

0.1

0.0

-

-

Full Time Employees

71

71

71

-

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
31-Dec-2010

Reclassified Normal 
31-Dec-2010

Updated Normal 
31-Dec-2008

Filed Currency

JOD

JOD

JOD

Exchange Rate (Period Average)

0.708147

0.70834

0.708217

Auditor

Ghosheh & Co.

Ghosheh & Co.

J.NALAWI

Auditor Opinion

Unqualified

Unqualified

Unqualified

 

 

 

 

Net Income

0.1

0.1

0.2

    Depreciation

0.3

0.5

0.4

    Interest Expense

0.1

0.1

-

    Cheques under Collection

-1.4

0.1

-

    Due from Related Parties

0.0

0.0

-

    Inventory

-0.1

0.0

-

    Goods in Transit

-0.8

0.1

-

    Accounts Receivable

0.1

0.2

-

    Notes Payable

0.4

0.0

-

    Deferred Cheques

0.4

-0.1

-

    Due to Suppliers

-0.6

0.5

-

    Other Payables

0.1

-0.1

-

    Interest Expense Paid

-0.1

-0.1

-

    Cash From Operating Activity

-

-

-0.3

    Adjustment

-

-

0.6

Cash from Operating Activities

-1.5

1.3

0.9

 

 

 

 

    Purchase of Fixed Assets

-0.1

-0.2

-0.2

Cash from Investing Activities

-0.1

-0.2

-0.2

 

 

 

 

    Loans

1.4

-0.5

-

    Due to Banks

-0.2

-0.2

-0.6

    Dividend Paid

0.0

-0.1

-

Cash from Financing Activities

1.2

-0.9

-0.6

 

 

 

 

Net Change in Cash

-0.3

0.3

0.0

 

 

 

 

Net Change in Cash Beginning of the Peri

0.4

0.1

0.1

Net Cash in Cash End of the Period

0.0

0.4

0.1

    Cash Interest Paid

0.1

0.1

-

 

 

 

Financial Health

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

Key Indicators USD (mil)

 

Quarter
Ending
30-Jun-2011

Quarter
Ending
Yr Ago

Annual
Year End
31-Dec-2010

1 Year
Growth

3 Year
Growth

5 Year
Growth

Total Revenue1

2.6

31.99%

3.9

-10.41%

8.32%

-

Operating Income1

-0.1

-

0.2

-3.59%

88.16%

-

Income Available to Common Excl Extraord Items1

0.0

7.79%

0.1

-35.86%

24.49%

-

Basic EPS Excl Extraord Items1

0.01

8.96%

0.01

-35.80%

24.42%

-

Capital Expenditures2

0.3

4,200.21%

0.1

-71.83%

-

-

Cash from Operating Activities2

-0.5

-

-1.5

-

-

-

Free Cash Flow

-0.7

-

-1.6

-

-

-

Total Assets3

10.6

-

9.8

19.65%

4.53%

-

Total Liabilities3

4.4

-

3.5

81.58%

13.20%

-

Total Long Term Debt3

1.2

-

0.4

-5.68%

-

-

Employees3

-

-

71

0.00%

-

-

Total Common Shares Outstanding3

4.0

-

4.0

0.00%

0.00%

-

1-ExchangeRate: JOD to USD Average for Period

0.708490

 

0.708147

 

 

 

2-ExchangeRate: JOD to USD Average for Period

0.708490

 

0.708147

 

 

 

3-ExchangeRate: JOD to USD Period End Date

0.708750

 

0.708200

 

 

 

Key Ratios

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

Profitability

Gross Margin

16.02%

15.38%

16.10%

11.01%

Operating Margin

5.21%

4.84%

2.34%

0.99%

Pretax Margin

1.67%

2.36%

2.32%

0.98%

Net Profit Margin

1.49%

2.08%

2.12%

0.98%

Financial Strength

Current Ratio

2.46

3.83

2.38

2.22

Long Term Debt/Equity

0.07

0.07

0.00

0.00

Total Debt/Equity

0.45

0.20

0.31

0.34

Management Effectiveness

Return on Assets

0.65%

1.08%

1.60%

-

Return on Equity

0.93%

1.45%

2.21%

-

Efficiency

Receivables Turnover

1.96

3.03

3.86

-

Inventory Turnover

0.77

0.95

1.50

-

Asset Turnover

0.44

0.52

0.75

-

 

 

Annual Ratios

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

Financial Strength

Current Ratio

2.46

3.83

2.38

2.22

Quick/Acid Test Ratio

0.88

1.18

0.70

0.79

Working Capital1

4.4

4.1

3.3

2.9

Long Term Debt/Equity

0.07

0.07

0.00

0.00

Total Debt/Equity

0.45

0.20

0.31

0.34

Long Term Debt/Total Capital

0.05

0.06

0.00

0.00

Total Debt/Total Capital

0.31

0.16

0.24

0.25

Payout Ratio

0.00%

0.00%

-

0.00%

Effective Tax Rate

10.80%

11.56%

8.41%

0.00%

Total Capital1

9.2

7.5

8.3

8.3

 

 

 

 

 

Efficiency

Asset Turnover

0.44

0.52

0.75

-

Inventory Turnover

0.77

0.95

1.50

-

Days In Inventory

473.15

382.24

243.68

-

Receivables Turnover

1.96

3.03

3.86

-

Days Receivables Outstanding

185.85

120.57

94.60

-

Revenue/Employee2

55,286

61,750

91,703

-

Operating Income/Employee2

2,880

2,990

2,150

-

EBITDA/Employee2

7,597

9,623

2,150

-

 

 

 

 

 

Profitability

Gross Margin

16.02%

15.38%

16.10%

11.01%

Operating Margin

5.21%

4.84%

2.34%

0.99%

EBITDA Margin

13.74%

15.58%

2.34%

0.99%

EBIT Margin

5.21%

4.84%

2.34%

0.99%

Pretax Margin

1.67%

2.36%

2.32%

0.98%

Net Profit Margin

1.49%

2.08%

2.12%

0.98%

COGS/Revenue

83.98%

84.62%

83.90%

88.99%

SG&A Expense/Revenue

10.79%

10.47%

13.75%

10.02%

 

 

 

 

 

Management Effectiveness

Return on Assets

0.65%

1.08%

1.60%

-

Return on Equity

0.93%

1.45%

2.21%

-

 

 

 

 

 

Valuation

Free Cash Flow/Share2

-0.39

0.28

0.17

-

Operating Cash Flow/Share 2

-0.38

0.33

0.21

-

1-ExchangeRate: JOD to USD Period End Date

0.7082

0.70775

0.70875

0.70875

2-ExchangeRate: JOD to USD Average for Period

0.7082

0.70775

0.70875

-

 

 

 

Annual Income Statement

Standardized

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
31-Dec-2010

Reclassified Normal 
31-Dec-2010

Restated Normal 
31-Dec-2009

Updated Normal 
31-Dec-2007

Filed Currency

JOD

JOD

JOD

JOD

Exchange Rate (Period Average)

0.708147

0.70834

0.708217

0.708426

Auditor

Ghosheh & Co.

J.NALAWI

J.NALAWI

J.NALAWI

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

    Net Sales

3.9

4.4

6.5

3.1

Revenue

3.9

4.4

6.5

3.1

Total Revenue

3.9

4.4

6.5

3.1

 

 

 

 

 

    Cost of Revenue

3.3

3.7

5.5

2.7

Cost of Revenue, Total

3.3

3.7

5.5

2.7

Gross Profit

0.6

0.7

1.0

0.3

 

 

 

 

 

    Selling/General/Administrative Expense

0.4

0.5

0.9

0.3

Total Selling/General/Administrative Expenses

0.4

0.5

0.9

0.3

    Other, Net

0.0

0.0

-

-

Other Operating Expenses, Total

0.0

0.0

-

-

Total Operating Expense

3.7

4.2

6.4

3.1

 

 

 

 

 

Operating Income

0.2

0.2

0.2

0.0

 

 

 

 

 

        Interest Expense - Non-Operating

-0.1

-0.1

-

-

    Interest Expense, Net Non-Operating

-0.1

-0.1

-

-

Interest Income (Expense) - Net Non-Operating Total

-0.1

-0.1

-

-

    Other Non-Operating Income (Expense)

0.0

0.0

0.0

0.0

Other, Net

0.0

0.0

0.0

0.0

Income Before Tax

0.1

0.1

0.2

0.0

 

 

 

 

 

Total Income Tax

0.0

0.0

0.0

0.0

Income After Tax

0.1

0.1

0.1

0.0

 

 

 

 

 

Net Income Before Extraord Items

0.1

0.1

0.1

0.0

Net Income

0.1

0.1

0.1

0.0

 

 

 

 

 

Income Available to Common Excl Extraord Items

0.1

0.1

0.1

0.0

 

 

 

 

 

Income Available to Common Incl Extraord Items

0.1

0.1

0.1

0.0

 

 

 

 

 

Basic/Primary Weighted Average Shares

4.0

4.0

4.0

4.0

Basic EPS Excl Extraord Items

0.01

0.02

0.03

0.01

Basic/Primary EPS Incl Extraord Items

0.01

0.02

0.03

0.01

Diluted Net Income

0.1

0.1

0.1

0.0

Diluted Weighted Average Shares

4.0

4.0

4.0

4.0

Diluted EPS Excl Extraord Items

0.01

0.02

0.03

0.01

Diluted EPS Incl Extraord Items

0.01

0.02

0.03

0.01

Dividends per Share - Common Stock Primary Issue

0.00

0.00

-

0.00

Gross Dividends - Common Stock

0.0

0.0

0.1

0.0

Interest Expense, Supplemental

0.1

0.1

-

-

Depreciation, Supplemental

0.3

0.5

-

-

Normalized Income Before Tax

0.1

0.1

0.2

0.0

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

0.0

0.0

0.0

0.0

Normalized Income After Tax

0.1

0.1

0.1

0.0

 

 

 

 

 

Normalized Inc. Avail to Com.

0.1

0.1

0.1

0.0

 

 

 

 

 

Basic Normalized EPS

0.01

0.02

0.03

0.01

Diluted Normalized EPS

0.01

0.02

0.03

0.01

Advertising Expense, Supplemental

0.0

0.0

-

-

Normalized EBIT

0.2

0.2

0.2

0.0

Normalized EBITDA

0.5

0.7

0.2

0.0

 

 Interim Income Statement

Standardized

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

30-Jun-2011

31-Dec-2010

30-Jun-2010

31-Dec-2009

30-Jun-2009

Period Length

6 Months

6 Months

6 Months

12 Months

6 Months

UpdateType/Date

Updated Normal
30-Jun-2011

Updated Normal
31-Dec-2010

Updated Normal
30-Jun-2010

Restated Special
31-Dec-2009

Reclassified Normal
30-Jun-2010

Filed Currency

JOD

JOD

JOD

JOD

JOD

Exchange Rate (Period Average)

0.70849

0.708152

0.70814

0.70834

0.708507

 

 

 

 

 

 

    Net Sales

2.6

2.0

2.0

4.4

2.4

Revenue

2.6

2.0

2.0

4.4

2.4

Total Revenue

2.6

2.0

2.0

4.4

2.4

 

 

 

 

 

 

    Cost of Revenue

2.4

1.7

1.6

3.7

2.1

Cost of Revenue, Total

2.4

1.7

1.6

3.7

2.1

Gross Profit

0.2

0.3

0.3

0.7

0.3

 

 

 

 

 

 

    Selling/General/Administrative Expense

0.3

0.2

0.2

0.6

0.2

Total Selling/General/Administrative Expenses

0.3

0.2

0.2

0.6

0.2

    Other, Net

-

0.0

-

-

-

Other Operating Expenses, Total

-

0.0

-

-

-

Total Operating Expense

2.7

1.9

1.9

4.3

2.3

 

 

 

 

 

 

Operating Income

-0.1

0.1

0.1

0.1

0.1

 

 

 

 

 

 

        Interest Expense - Non-Operating

-0.1

-0.1

-0.1

-

-0.1

    Interest Expense, Net Non-Operating

-0.1

-0.1

-0.1

-

-0.1

Interest Income (Expense) - Net Non-Operating Total

-0.1

-0.1

-0.1

-

-0.1

    Other Non-Operating Income (Expense)

0.2

0.0

0.0

0.0

0.0

Other, Net

0.2

0.0

0.0

0.0

0.0

Income Before Tax

0.0

0.0

0.0

0.1

0.0

 

 

 

 

 

 

Total Income Tax

0.0

0.0

0.0

0.0

0.0

Income After Tax

0.0

0.0

0.0

0.1

0.0

 

 

 

 

 

 

Net Income Before Extraord Items

0.0

0.0

0.0

0.1

0.0

Net Income

0.0

0.0

0.0

0.1

0.0

 

 

 

 

 

 

Income Available to Common Excl Extraord Items

0.0

0.0

0.0

0.1

0.0

 

 

 

 

 

 

Income Available to Common Incl Extraord Items

0.0

0.0

0.0

0.1

0.0

 

 

 

 

 

 

Basic/Primary Weighted Average Shares

4.0

4.0

4.0

4.0

4.0

Basic EPS Excl Extraord Items

0.01

0.01

0.01

0.02

0.01

Basic/Primary EPS Incl Extraord Items

0.01

0.01

0.01

0.02

0.01

Diluted Net Income

0.0

0.0

0.0

0.1

0.0

Diluted Weighted Average Shares

4.0

4.0

4.0

4.0

4.0

Diluted EPS Excl Extraord Items

0.01

0.01

0.01

0.02

0.01

Diluted EPS Incl Extraord Items

0.01

0.01

0.01

0.02

0.01

Dividends per Share - Common Stock Primary Issue

0.00

-

0.00

0.00

0.00

Gross Dividends - Common Stock

0.0

-

0.0

0.0

0.0

Interest Expense, Supplemental

0.1

0.1

0.1

-

0.1

Depreciation, Supplemental

0.2

0.2

0.2

0.5

0.2

Normalized Income Before Tax

0.0

0.0

0.0

0.1

0.0

 

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

0.0

0.0

0.0

0.0

0.0

Normalized Income After Tax

0.0

0.0

0.0

0.1

0.0

 

 

 

 

 

 

Normalized Inc. Avail to Com.

0.0

0.0

0.0

0.1

0.0

 

 

 

 

 

 

Basic Normalized EPS

0.01

0.01

0.01

0.02

0.01

Diluted Normalized EPS

0.01

0.01

0.01

0.02

0.01

Advertising Expense, Supplemental

-

-

-

0.0

-

Normalized EBIT

-0.1

0.1

0.1

0.1

0.1

Normalized EBITDA

0.1

0.3

0.3

0.6

0.3

 

 

 

Annual Balance Sheet

Standardized

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

UpdateType/Date

Updated Normal 
31-Dec-2010

Reclassified Normal 
31-Dec-2010

Updated Normal 
31-Dec-2008

Updated Normal 
31-Dec-2007

Filed Currency

JOD

JOD

JOD

JOD

Exchange Rate

0.7082

0.70775

0.70875

0.70875

Auditor

Ghosheh & Co.

J.NALAWI

J.NALAWI

J.NALAWI

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

    Cash & Equivalents

0.0

0.4

0.1

0.1

Cash and Short Term Investments

0.0

0.4

0.1

0.1

        Provision for Doubtful Accounts

-

-

0.0

0.1

    Trade Accounts Receivable - Net

1.7

0.7

0.2

0.2

    Notes Receivable - Short Term

-

-

0.0

0.0

    Other Receivables

1.0

0.7

1.4

1.6

Total Receivables, Net

2.6

1.4

1.5

1.8

    Inventories - Finished Goods

1.7

1.4

-

-

    Inventories - Work In Progress

0.1

0.1

-

-

    Inventories - Raw Materials

1.7

1.8

-

-

    Inventories - Other

1.3

0.5

3.9

3.4

Total Inventory

4.7

3.8

3.9

3.4

    Other Current Assets

0.0

0.0

0.0

0.0

Other Current Assets, Total

0.0

0.0

0.0

0.0

Total Current Assets

7.4

5.5

5.6

5.3

 

 

 

 

 

        Buildings

0.3

0.3

0.3

-

        Land/Improvements

0.0

0.0

-

-

        Machinery/Equipment

2.7

2.7

2.8

-

        Other Property/Plant/Equipment

0.5

0.6

0.5

-

    Property/Plant/Equipment - Gross

3.6

3.5

3.6

3.5

    Accumulated Depreciation

-1.2

-0.9

-0.6

-0.2

Property/Plant/Equipment - Net

2.4

2.7

3.1

3.3

Total Assets

9.8

8.2

8.7

8.6

 

 

 

 

 

Accounts Payable

0.2

0.1

0.0

0.0

Notes Payable/Short Term Debt

2.4

0.8

2.0

2.1

    Income Taxes Payable

-

-

0.0

0.0

    Other Payables

0.4

0.6

0.4

0.3

    Other Current Liabilities

-

-

0.0

0.0

Other Current liabilities, Total

0.4

0.6

0.4

0.3

Total Current Liabilities

3.0

1.4

2.4

2.4

 

 

 

 

 

    Long Term Debt

0.4

0.5

-

-

Total Long Term Debt

0.4

0.5

0.0

0.0

Total Debt

2.8

1.2

2.0

2.1

 

 

 

 

 

Total Liabilities

3.5

1.9

2.4

2.4

 

 

 

 

 

    Common Stock

5.6

5.7

5.6

5.6

Common Stock

5.6

5.7

5.6

5.6

Retained Earnings (Accumulated Deficit)

0.7

0.6

0.7

0.6

Total Equity

6.3

6.3

6.3

6.2

 

 

 

 

 

Total Liabilities & Shareholders’ Equity

9.8

8.2

8.7

8.6

 

 

 

 

 

    Shares Outstanding - Common Stock Primary Issue

4.0

4.0

4.0

4.0

Total Common Shares Outstanding

4.0

4.0

4.0

4.0

Employees

71

71

71

-

Deferred Revenue - Current

0.1

0.0

-

-

 

 

 

Interim Balance Sheet

Standardized

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

30-Jun-2011

31-Dec-2010

30-Jun-2010

31-Dec-2009

30-Jun-2009

UpdateType/Date

Updated Normal 
30-Jun-2011

Updated Normal 
31-Dec-2010

Updated Normal 
30-Jun-2010

Reclassified Normal 
31-Dec-2010

Updated Normal 
30-Jun-2009

Filed Currency

JOD

JOD

JOD

JOD

JOD

Exchange Rate

0.70875

0.7082

0.70825

0.70775

0.7088

 

 

 

 

 

 

    Cash & Equivalents

0.1

0.0

0.1

0.4

0.1

Cash and Short Term Investments

0.1

0.0

0.1

0.4

0.1

        Provision for Doubtful Accounts

-

-

-

-

0.0

    Trade Accounts Receivable - Net

3.7

1.7

1.2

0.7

0.3

    Notes Receivable - Short Term

-

-

-

-

0.0

    Other Receivables

0.4

1.0

1.6

0.7

1.2

Total Receivables, Net

4.1

2.6

2.8

1.4

1.4

    Inventories - Other

3.9

4.7

4.1

3.8

3.9

Total Inventory

3.9

4.7

4.1

3.8

3.9

    Other Current Assets

0.0

0.0

-

0.0

0.0

Other Current Assets, Total

0.0

0.0

-

0.0

0.0

Total Current Assets

8.1

7.4

7.0

5.5

5.4

 

 

 

 

 

 

        Buildings

-

-

-

-

0.3

        Machinery/Equipment

-

-

-

-

2.8

        Other Property/Plant/Equipment

-

-

-

-

0.6

    Property/Plant/Equipment - Gross

-

-

-

-

3.7

    Accumulated Depreciation

-

-

-

-

-0.7

Property/Plant/Equipment - Net

2.5

2.4

2.5

2.7

3.0

Total Assets

10.6

9.8

9.5

8.2

8.4

 

 

 

 

 

 

Accounts Payable

0.3

0.2

-

0.1

0.0

Notes Payable/Short Term Debt

2.6

2.4

1.8

0.8

1.8

    Income Taxes Payable

-

-

-

-

0.0

    Other Payables

0.2

0.4

1.1

0.6

0.2

    Other Current Liabilities

-

-

-

-

0.1

Other Current liabilities, Total

0.2

0.4

1.1

0.6

0.3

Total Current Liabilities

3.1

3.0

2.8

1.4

2.2

 

 

 

 

 

 

    Long Term Debt

1.2

0.4

0.3

0.5

-

Total Long Term Debt

1.2

0.4

0.3

0.5

0.0

Total Debt

3.8

2.8

2.1

1.2

1.8

 

 

 

 

 

 

Total Liabilities

4.4

3.5

3.2

1.9

2.2

 

 

 

 

 

 

    Common Stock

5.6

5.6

5.6

5.7

5.6

Common Stock

5.6

5.6

5.6

5.7

5.6

Retained Earnings (Accumulated Deficit)

0.6

0.7

0.7

0.6

0.6

Total Equity

6.3

6.3

6.3

6.3

6.2

 

 

 

 

 

 

Total Liabilities & Shareholders’ Equity

10.6

9.8

9.5

8.2

8.4

 

 

 

 

 

 

    Shares Outstanding - Common Stock Primary Issue

4.0

4.0

4.0

4.0

4.0

Total Common Shares Outstanding

4.0

4.0

4.0

4.0

4.0

Employees

-

71

-

71

71

 

 

 

Annual Cash Flows

Standardized

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
31-Dec-2010

Reclassified Normal 
31-Dec-2010

Updated Normal 
31-Dec-2008

Updated Normal 
31-Dec-2007

Filed Currency

JOD

JOD

JOD

JOD

Exchange Rate (Period Average)

0.708147

0.70834

0.708217

0.708426

Auditor

Ghosheh & Co.

J.NALAWI

J.NALAWI

J.NALAWI

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

Net Income/Starting Line

0.1

0.1

0.2

-

    Depreciation

0.3

0.5

0.4

-

Depreciation/Depletion

0.3

0.5

0.4

-

    Other Non-Cash Items

-0.1

0.5

-

-

Non-Cash Items

-0.1

0.5

-

-

    Accounts Receivable

-1.3

0.3

-

-

    Inventories

-0.9

0.1

-

-

    Other Assets

0.0

0.0

-

-

    Accounts Payable

0.1

-0.1

-

-

    Other Liabilities

0.4

0.0

-

-

    Other Operating Cash Flow

-0.1

-0.1

0.3

-

Changes in Working Capital

-1.9

0.2

0.3

-

Cash from Operating Activities

-1.5

1.3

0.9

-

    Purchase of Fixed Assets

-0.1

-0.2

-0.2

-

Capital Expenditures

-0.1

-0.2

-0.2

-

Cash from Investing Activities

-0.1

-0.2

-0.2

-

    Cash Dividends Paid - Common

0.0

-0.1

-

-

Total Cash Dividends Paid

0.0

-0.1

-

-

    Short Term Debt, Net

1.2

-0.7

-0.6

-

Issuance (Retirement) of Debt, Net

1.2

-0.7

-0.6

-

Cash from Financing Activities

1.2

-0.9

-0.6

-

 

 

 

 

 

Net Change in Cash

-0.3

0.3

0.0

-

 

 

 

 

 

Net Cash - Beginning Balance

0.4

0.1

0.1

-

Net Cash - Ending Balance

0.0

0.4

0.1

-

Cash Interest Paid

0.1

0.1

-

-

 

 

Interim Cash Flows

Standardized

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

30-Jun-2011

31-Dec-2010

30-Jun-2010

31-Dec-2009

30-Jun-2009

Period Length

6 Months

12 Months

6 Months

12 Months

6 Months

UpdateType/Date

Updated Normal 
30-Jun-2011

Updated Normal 
31-Dec-2010

Updated Normal 
30-Jun-2010

Reclassified Normal 
31-Dec-2010

Reclassified Normal 
30-Jun-2010

Filed Currency

JOD

JOD

JOD

JOD

JOD

Exchange Rate (Period Average)

0.70849

0.708147

0.70814

0.70834

0.708507

 

 

 

 

 

 

Net Income/Starting Line

0.0

0.1

0.0

0.1

0.0

    Depreciation

0.2

0.3

0.2

0.5

0.2

Depreciation/Depletion

0.2

0.3

0.2

0.5

0.2

    Other Non-Cash Items

-0.1

-0.1

0.5

0.5

-0.1

Non-Cash Items

-0.1

-0.1

0.5

0.5

-0.1

    Accounts Receivable

-1.2

-1.3

-0.2

0.3

0.1

    Inventories

0.8

-0.9

-0.3

0.1

0.1

    Prepaid Expenses

-0.2

-

-

-

-

    Other Assets

0.0

0.0

-1.2

0.0

-0.1

    Accounts Payable

0.1

0.1

0.3

-0.1

0.1

    Other Liabilities

0.0

0.4

-

0.0

-

    Other Operating Cash Flow

-0.1

-0.1

-0.1

-0.1

-0.1

Changes in Working Capital

-0.6

-1.9

-1.5

0.2

0.2

Cash from Operating Activities

-0.5

-1.5

-0.8

1.3

0.4

 

 

 

 

 

 

    Purchase of Fixed Assets

-0.3

-0.1

0.0

-0.2

-0.1

Capital Expenditures

-0.3

-0.1

0.0

-0.2

-0.1

Cash from Investing Activities

-0.3

-0.1

0.0

-0.2

-0.1

 

 

 

 

 

 

    Other Financing Cash Flow

-

-

-0.1

-

-0.1

Financing Cash Flow Items

-

-

-0.1

-

-0.1

    Cash Dividends Paid - Common

-0.1

0.0

0.0

-0.1

-0.1

Total Cash Dividends Paid

-0.1

0.0

0.0

-0.1

-0.1

    Short Term Debt, Net

-0.3

1.2

0.7

-0.7

-0.1

    Long Term Debt, Net

1.3

-

-

-

-

Issuance (Retirement) of Debt, Net

1.0

1.2

0.7

-0.7

-0.1

Cash from Financing Activities

0.8

1.2

0.6

-0.9

-0.3

 

 

 

 

 

 

Net Change in Cash

0.1

-0.3

-0.2

0.3

0.0

 

 

 

 

 

 

Net Cash - Beginning Balance

0.0

0.4

0.4

0.1

0.1

Net Cash - Ending Balance

0.1

0.0

0.1

0.4

0.1

Cash Interest Paid

0.1

0.1

0.1

0.1

0.1

 

 

Annual Income Statement

As Reported

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
31-Dec-2010

Reclassified Normal 
31-Dec-2010

Restated Normal 
31-Dec-2009

Updated Normal 
31-Dec-2007

Filed Currency

JOD

JOD

JOD

JOD

Exchange Rate (Period Average)

0.708147

0.70834

0.708217

0.708426

Auditor

Ghosheh & Co.

Ghosheh & Co.

J.NALAWI

J.NALAWI

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

    Sales

3.9

4.4

6.5

3.1

Total Revenue

3.9

4.4

6.5

3.1

 

 

 

 

 

    Cost of Sales

3.3

3.7

5.5

2.7

    General & Adminstrative

0.4

0.4

0.9

0.3

    Selling Expense

0.1

0.1

-

-

    Depreciation

0.0

0.0

-

-

    Other Fees

0.0

0.0

-

-

Total Operating Expense

3.7

4.2

6.4

3.1

 

 

 

 

 

    Interest Expense

-0.1

-0.1

-

-

    Other Expense

0.0

0.0

0.0

0.0

Net Income Before Taxes

0.1

0.1

0.2

0.0

 

 

 

 

 

Provision for Income Taxes

0.0

0.0

0.0

0.0

Net Income After Taxes

0.1

0.1

0.1

0.0

 

 

 

 

 

Net Income Before Extra. Items

0.1

0.1

0.1

0.0

Net Income

0.1

0.1

0.1

0.0

 

 

 

 

 

Income Available to Com Excl ExtraOrd

0.1

0.1

0.1

0.0

 

 

 

 

 

Income Available to Com Incl ExtraOrd

0.1

0.1

0.1

0.0

 

 

 

 

 

Basic Weighted Average Shares

4.0

4.0

4.0

4.0

Basic EPS Excluding ExtraOrdinary Items

0.01

0.02

0.03

0.01

Basic EPS Including ExtraOrdinary Items

0.01

0.02

0.03

0.01

Diluted Net Income

0.1

0.1

0.1

0.0

Diluted Weighted Average Shares

4.0

4.0

4.0

4.0

Diluted EPS Excluding ExtraOrd Items

0.01

0.02

0.03

0.01

Diluted EPS Including ExtraOrd Items

0.01

0.02

0.03

0.01

DPS-Common Shares

0.00

0.00

-

0.00

Gross Dividends - Common Stock

0.0

0.0

0.1

0.0

Normalized Income Before Taxes

0.1

0.1

0.2

0.0

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

0.0

0.0

0.0

0.0

Normalized Income After Taxes

0.1

0.1

0.1

0.0

 

 

 

 

 

Normalized Inc. Avail to Com.

0.1

0.1

0.1

0.0

 

 

 

 

 

Basic Normalized EPS

0.01

0.02

0.03

0.01

Diluted Normalized EPS

0.01

0.02

0.03

0.01

Depreciation

0.3

0.5

-

-

Interest Expense, Supplemental

0.1

0.1

-

-

Advertising

0.0

0.0

-

-

 

 

Interim Income Statement

As Reported

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

30-Jun-2011

31-Dec-2010

30-Jun-2010

31-Dec-2009

30-Jun-2009

Period Length

6 Months

6 Months

6 Months

12 Months

6 Months

UpdateType/Date

Updated Normal 
30-Jun-2011

Updated Normal 
31-Dec-2010

Updated Normal 
30-Jun-2010

Restated Special 
31-Dec-2009

Reclassified Normal 
30-Jun-2010

Filed Currency

JOD

JOD

JOD

JOD

JOD

Exchange Rate (Period Average)

0.70849

0.708152

0.70814

0.70834

0.708507

 

 

 

 

 

 

    Sales

2.6

2.0

2.0

4.4

2.4

Total Revenue

2.6

2.0

2.0

4.4

2.4

 

 

 

 

 

 

    Cost of Sales

2.4

1.7

1.6

3.7

2.1

    General & Adminstrative

0.2

0.2

0.2

0.6

0.1

    Selling Expense

0.1

0.0

0.0

-

0.0

    Other Fees

-

0.0

-

-

-

    Depreciation

-

-

-

0.0

-

Total Operating Expense

2.7

1.9

1.9

4.3

2.3

 

 

 

 

 

 

    Interest Expense

-0.1

-0.1

-0.1

-

-0.1

    Other Expense/Income

0.2

0.0

0.0

0.0

0.0

Net Income Before Taxes

0.0

0.0

0.0

0.1

0.0

 

 

 

 

 

 

Provision for Income Taxes

0.0

0.0

0.0

0.0

0.0

Net Income After Taxes

0.0

0.0

0.0

0.1

0.0

 

 

 

 

 

 

Net Income Before Extra. Items

0.0

0.0

0.0

0.1

0.0

Net Income

0.0

0.0

0.0

0.1

0.0

 

 

 

 

 

 

Income Available to Com Excl ExtraOrd

0.0

0.0

0.0

0.1

0.0

 

 

 

 

 

 

Income Available to Com Incl ExtraOrd

0.0

0.0

0.0

0.1

0.0

 

 

 

 

 

 

Basic Weighted Average Shares

4.0

4.0

4.0

4.0

4.0

Basic EPS Excluding ExtraOrdinary Items

0.01

0.01

0.01

0.02

0.01

Basic EPS Including ExtraOrdinary Items

0.01

0.01

0.01

0.02

0.01

Diluted Net Income

0.0

0.0

0.0

0.1

0.0

Diluted Weighted Average Shares

4.0

4.0

4.0

4.0

4.0

Diluted EPS Excluding ExtraOrd Items

0.01

0.01

0.01

0.02

0.01

Diluted EPS Including ExtraOrd Items

0.01

0.01

0.01

0.02

0.01

DPS-Common Shares

0.00

-

0.00

0.00

0.00

Gross Dividends - Common Stock

0.0

-

0.0

0.0

0.0

Normalized Income Before Taxes

0.0

0.0

0.0

0.1

0.0

 

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

0.0

0.0

0.0

0.0

0.0

Normalized Income After Taxes

0.0

0.0

0.0

0.1

0.0

 

 

 

 

 

 

Normalized Inc. Avail to Com.

0.0

0.0

0.0

0.1

0.0

 

 

 

 

 

 

Basic Normalized EPS

0.01

0.01

0.01

0.02

0.01

Diluted Normalized EPS

0.01

0.01

0.01

0.02

0.01

Depreciation

0.2

0.2

0.2

0.5

0.2

Advertising

-

-

-

0.0

-

Interest Expense

0.1

0.1

0.1

-

0.1

 

Annual Balance Sheet

As Reported

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

UpdateType/Date

Updated Normal 
31-Dec-2010

Reclassified Normal 
31-Dec-2010

Updated Normal 
31-Dec-2008

Updated Normal 
31-Dec-2007

Filed Currency

JOD

JOD

JOD

JOD

Exchange Rate

0.7082

0.70775

0.70875

0.70875

Auditor

Ghosheh & Co.

Ghosheh & Co.

J.NALAWI

J.NALAWI

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

    Cash & Equivalent

0.0

0.4

0.1

0.1

    Accounts Receivable Net

1.7

0.7

0.1

0.1

    Due from Related Parties

0.0

0.0

-

-

    Cheques under Collection

0.8

0.4

0.0

0.1

    Raw Material

1.7

1.8

-

-

    Finished Goods

1.7

1.4

-

-

    Work in Progress

0.1

0.1

-

-

    Other Inventory in Free Zone

0.1

0.1

0.0

0.0

    Goods in Transit

0.8

0.1

-

-

    Spare Parts

0.3

0.3

-

-

    Other Receivables

0.2

0.2

0.2

1.1

    Export Receivables

-

-

0.1

0.1

    Letters of Credit Expense

-

-

0.1

0.6

    Temporary Inventory

-

-

0.3

0.3

    Inventory (Stored )

-

-

0.3

0.3

    Railway

-

-

0.0

0.0

    Assets Held at Custom Authority ( Litiga

-

-

0.0

0.0

    Letteers of Credit Arab Bank

-

-

0.0

0.1

    Withdraw under Collection Arab Bank

-

-

0.2

0.0

    Letters of Credit Pending

-

-

0.0

0.3

    Cheques under Collection Union Bank

-

-

0.0

0.1

    Returned Cheques

-

-

0.0

0.1

    Doubtful Accounts

-

-

0.0

0.1

    Refunded Gurantees

-

-

0.0

0.0

    Invntory EOP

-

-

0.0

0.0

    Invntory EOP Requements

-

-

3.1

1.7

    Due from Suppliers

-

-

0.1

0.0

    Litigation Receivable

-

-

0.1

0.0

    Loans to Employees

-

-

0.0

0.0

    Inventory with Third Party

-

-

0.0

0.0

    Cheques

-

-

0.5

0.0

    Deferred Cheques

-

-

0.0

0.0

    Notes Receivable

-

-

0.0

0.0

Total Current Assets

7.4

5.5

5.6

5.3

 

 

 

 

 

    Propert Plant & Equipment Gross

-

-

-

3.5

    Properties

0.3

0.3

0.3

-

    Lands

0.0

0.0

-

-

    Machinery & Equipment

2.3

2.3

2.4

-

    Electricity Grid

0.1

0.1

0.1

-

    Office Equipment

-

-

0.0

-

    Furniture & Decoration

0.0

0.0

0.0

-

    Vehicles

0.1

0.1

0.1

-

    Tools

0.0

0.0

0.0

-

    Networks

0.0

0.0

0.0

-

    Water Pipes

0.0

0.0

0.0

-

    Quarries Equipment

0.0

0.0

0.0

-

    Other Tangible Fixed Assets

0.5

0.6

0.5

-

    Accumulated Depreciation

-1.2

-0.9

-0.6

-0.2

Total Assets

9.8

8.2

8.7

8.6

 

 

 

 

 

    Accounts Payables

0.2

0.1

0.0

0.0

    Due to Banks

2.0

0.6

1.5

2.1

    Deferred Cheques

0.4

0.0

0.1

0.0

    Due to Shareholders

0.0

0.6

0.0

0.0

    Loan

0.2

0.2

0.5

0.0

    Notes Payable to The Islamic Bank

0.2

0.0

-

-

    Other Payables

-

0.0

0.1

0.3

    Export Payables

-

-

0.1

0.0

    Payable to Employees Fund

-

-

0.0

0.0

    Tax Provision

-

-

0.0

0.0

    Provision for Education Support

-

-

0.0

0.0

    Due to Suppliers

-

-

0.0

0.0

    Insurance Policies Payable

-

-

0.0

0.0

Total Current Liabilities

3.0

1.4

2.4

2.4

 

 

 

 

 

    LT Loans

0.3

0.5

-

-

    LT Notes Payable

0.2

0.0

-

-

Total Long Term Debt

0.4

0.5

-

-

 

 

 

 

 

Total Liabilities

3.5

1.9

2.4

2.4

 

 

 

 

 

    Share Capital

5.6

5.7

5.6

5.6

    Complusury Reserve

0.1

0.1

0.1

0.1

    Optional Reserve

0.5

0.5

0.5

0.4

    Retained Earning

0.1

0.1

0.2

0.1

Total Equity

6.3

6.3

6.3

6.2

 

 

 

 

 

Total Liabilities & Shareholders' Equity

9.8

8.2

8.7

8.6

 

 

 

 

 

    S/O-Common Shares

4.0

4.0

4.0

4.0

Total Common Shares Outstanding

4.0

4.0

4.0

4.0

Customer Advances

0.1

0.0

-

-

Full Time Employees

71

71

71

-

 

 

Interim Balance Sheet

As Reported

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

30-Jun-2011

31-Dec-2010

30-Jun-2010

31-Dec-2009

30-Jun-2009

UpdateType/Date

Updated Normal 
30-Jun-2011

Updated Normal 
31-Dec-2010

Updated Normal 
30-Jun-2010

Reclassified Normal 
31-Dec-2010

Updated Normal 
30-Jun-2009

Filed Currency

JOD

JOD

JOD

JOD

JOD

Exchange Rate

0.70875

0.7082

0.70825

0.70775

0.7088

 

 

 

 

 

 

    Cash & Equivalent

0.1

0.0

0.1

0.4

0.1

    Accounts Receivable Net

3.7

1.7

1.2

0.7

0.2

    Cheques under Collection

-

0.8

-

0.4

0.0

    Other Receivables

0.4

0.2

0.2

0.2

0.1

    Goods in Transit

0.4

0.8

0.6

0.1

-

    Invntory EOP Requements

3.6

3.6

3.5

3.4

0.1

    Due from Related Parties

0.0

0.0

-

0.0

-

    Spare Parts

-

0.3

-

0.3

-

    Export Receivables

-

-

-

-

0.0

    Temporary Inventory

-

-

-

-

0.1

    Letters of Credit Expense

-

-

-

-

0.0

    Inventory (Stored )

-

-

-

-

0.3

    Sales Tax Deposit

-

-

-

-

0.1

    Assets Held at Custom Authority ( Litiga

-

-

-

-

0.0

    Letteers of Credit Arab Bank

-

-

-

-

0.1

    Withdraw under Collection Arab Bank

-

-

-

-

0.2

    Income Tax

-

-

-

-

0.0

    Deposits with Custom Authority

-

-

-

-

0.0

    Suppliers

-

-

-

-

0.0

    Doubtful Accounts

-

-

-

-

0.0

    Refunded Gurantees

-

-

-

-

0.0

    Invntory EOP

-

-

-

-

3.1

    Due from Suppliers

-

-

1.4

-

0.1

    Litigation Receivable

-

-

-

-

0.1

    Due from Employees

-

-

-

-

0.0

    Loans to Employees

-

-

-

-

0.0

    Inventory with Third Party

-

-

-

-

0.0

    Cheques

-

-

-

-

0.5

    Deferred Cheques

-

-

-

-

0.0

    Notes Receivable

-

-

-

-

0.0

Total Current Assets

8.1

7.4

7.0

5.5

5.4

 

 

 

 

 

 

    Fixed Assets

2.5

2.4

2.5

2.7

-

    Properties

-

-

-

-

0.3

    Machinery & Equipment

-

-

-

-

2.5

    Electricity Grid

-

-

-

-

0.1

    Office Equipment

-

-

-

-

0.0

    Furniture & Decoration

-

-

-

-

0.0

    Vehicles

-

-

-

-

0.1

    Tools

-

-

-

-

0.0

    Networks

-

-

-

-

0.0

    Water Pipes

-

-

-

-

0.0

    Quarries Equipment

-

-

-

-

0.0

    Other Tangible Fixed Assets

-

-

-

-

0.6

    Accumulated Depreciation

-

-

-

-

-0.7

Total Assets

10.6

9.8

9.5

8.2

8.4

 

 

 

 

 

 

    Accounts Payables

0.3

0.2

-

0.1

0.0

    Due to Banks

1.7

2.0

1.2

0.6

1.4

    Deferred Cheques

0.2

0.4

0.3

0.0

0.1

    Due to Shareholders

-

0.0

0.7

0.6

0.0

    Loan

0.6

0.2

0.2

0.2

0.4

    Notes Payable to The Islamic Bank

0.3

0.2

0.3

0.0

-

    Other Payables

-

-

0.1

-

0.0

    Employees Salaries

-

-

-

-

0.0

    Export Payables

-

-

-

-

0.0

    Payable to Employees Fund

-

-

-

-

0.0

    Tax Provision

-

-

-

-

0.0

    Provision for Education Support

-

-

-

-

0.1

    Deferred Letters of Credit

-

-

-

-

0.0

    Due to Suppliers

-

-

-

-

0.0

    Insurance Policies Payable

-

-

-

-

0.1

Total Current Liabilities

3.1

3.0

2.8

1.4

2.2

 

 

 

 

 

 

    LT Debt

1.1

0.3

0.3

0.5

-

    LT Notes Payable

0.1

0.2

-

0.0

-

Total Long Term Debt

1.2

0.4

0.3

0.5

-

 

 

 

 

 

 

Total Liabilities

4.4

3.5

3.2

1.9

2.2

 

 

 

 

 

 

    Share Capital

5.6

5.6

5.6

5.7

5.6

    Complusury Reserve

0.1

0.1

0.1

0.1

0.1

    Optional Reserve

0.5

0.5

0.5

0.5

0.5

    Retained Earning

0.0

0.1

0.1

0.1

0.0

    Due to Shareholders

-

-

-

-

0.0

    Profit for the Year

-

-

-

-

0.0

Total Equity

6.3

6.3

6.3

6.3

6.2

 

 

 

 

 

 

Total Liabilities & Shareholders' Equity

10.6

9.8

9.5

8.2

8.4

 

 

 

 

 

 

    S/O-Common Shares

4.0

4.0

4.0

4.0

4.0

Total Common Shares Outstanding

4.0

4.0

4.0

4.0

4.0

Full Time Employees

-

71

-

71

71

 

 

Annual Cash Flows

As Reported

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
31-Dec-2010

Reclassified Normal 
31-Dec-2010

Updated Normal 
31-Dec-2008

Filed Currency

JOD

JOD

JOD

Exchange Rate (Period Average)

0.708147

0.70834

0.708217

Auditor

Ghosheh & Co.

Ghosheh & Co.

J.NALAWI

Auditor Opinion

Unqualified

Unqualified

Unqualified

 

 

 

 

Net Income

0.1

0.1

0.2

    Depreciation

0.3

0.5

0.4

    Interest Expense

0.1

0.1

-

    Cheques under Collection

-1.4

0.1

-

    Due from Related Parties

0.0

0.0

-

    Inventory

-0.1

0.0

-

    Goods in Transit

-0.8

0.1

-

    Accounts Receivable

0.1

0.2

-

    Notes Payable

0.4

0.0

-

    Deferred Cheques

0.4

-0.1

-

    Due to Suppliers

-0.6

0.5

-

    Other Payables

0.1

-0.1

-

    Interest Expense Paid

-0.1

-0.1

-

    Cash From Operating Activity

-

-

-0.3

    Adjustment

-

-

0.6

Cash from Operating Activities

-1.5

1.3

0.9

 

 

 

 

    Purchase of Fixed Assets

-0.1

-0.2

-0.2

Cash from Investing Activities

-0.1

-0.2

-0.2

 

 

 

 

    Loans

1.4

-0.5

-

    Due to Banks

-0.2

-0.2

-0.6

    Dividend Paid

0.0

-0.1

-

Cash from Financing Activities

1.2

-0.9

-0.6

 

 

 

 

Net Change in Cash

-0.3

0.3

0.0

 

 

 

 

Net Change in Cash Beginning of the Peri

0.4

0.1

0.1

Net Cash in Cash End of the Period

0.0

0.4

0.1

    Cash Interest Paid

0.1

0.1

-

 

 

 

Interim Cash Flows

As Reported

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

30-Jun-2011

31-Dec-2010

30-Jun-2010

31-Dec-2009

30-Jun-2009

Period Length

6 Months

12 Months

6 Months

12 Months

6 Months

UpdateType/Date

Updated Normal 
30-Jun-2011

Updated Normal 
31-Dec-2010

Updated Normal 
30-Jun-2010

Reclassified Normal 
31-Dec-2010

Reclassified Normal 
30-Jun-2010

Filed Currency

JOD

JOD

JOD

JOD

JOD

Exchange Rate (Period Average)

0.70849

0.708147

0.70814

0.70834

0.708507

 

 

 

 

 

 

Net Income

0.0

0.1

0.0

0.1

0.0

    Depreciation

0.2

0.3

0.2

0.5

0.2

    Interest Expense

0.1

0.1

0.1

0.1

0.1

    Cheques under Collection

-

-1.4

-

0.1

-

    Due from Related Parties

0.0

0.0

-

0.0

-

    Inventory

0.3

-0.1

0.3

0.0

0.1

    Goods in Transit

0.5

-0.8

-0.6

0.1

0.0

    Accounts Receivable

-1.2

0.1

-0.2

0.2

0.2

    Prepaid Expenses and Other Receivables

-0.2

-

-

-

-

    Notes Payable

0.0

0.4

-

0.0

-

    Deferred Cheques

-0.2

0.4

0.2

-0.1

-0.1

    Due to Suppliers

0.0

-0.6

0.1

0.5

0.0

    Other Payables

0.1

0.1

0.3

-0.1

0.1

    Interest Paid

-0.1

-0.1

-0.1

-0.1

-0.1

    Letters of Credit

-

-

0.1

-

0.0

    Overdrafts under Collection

-

-

0.1

-

-0.1

    Due from Suppliers

-

-

-1.2

-

-0.1

Cash from Operating Activities

-0.5

-1.5

-0.8

1.3

0.4

 

 

 

 

 

 

    Purchase of Fixed Assets

-0.3

-0.1

0.0

-0.2

-0.1

Cash from Investing Activities

-0.3

-0.1

0.0

-0.2

-0.1

 

 

 

 

 

 

    Loans

-

1.4

0.7

-0.5

-0.1

    Due to Banks

-0.3

-0.2

-

-0.2

-

    LT Debt

1.3

-

-

-

-

    Due to Shareholders

-

-

-0.1

-

-0.1

    Dividend Paid

-0.1

0.0

0.0

-0.1

-0.1

Cash from Financing Activities

0.8

1.2

0.6

-0.9

-0.3

 

 

 

 

 

 

Net Change in Cash

0.1

-0.3

-0.2

0.3

0.0

 

 

 

 

 

 

Net Change in Cash Beginning of the Peri

0.0

0.4

0.4

0.1

0.1

Net Cash in Cash End of the Period

0.1

0.0

0.1

0.4

0.1

    Cash Interest Paid

0.1

0.1

0.1

0.1

0.1

 

 

Geographic Segments

 

Financials in: As Reported (mil)

Annual

 

 

 

External Revenue   USD (mil)

 

31-Dec-10

31-Dec-09

Jordan

3.0

77.4 %

3.1

69.9 %

Exports

0.9

22.6 %

1.3

30.1 %

Segment Total

3.9

100 %

4.4

100 %

Consolidated Total

3.9

100 %

4.4

100 %

Exchange Rate: JOD to USD

0.708147

 

0.708340

 

Total Revenue   USD (mil)

 

31-Dec-10

31-Dec-09

Jordan

3.0

77.4 %

3.1

69.9 %

Exports

0.9

22.6 %

1.3

30.1 %

Segment Total

3.9

100 %

4.4

100 %

Consolidated Total

3.9

100 %

4.4

100 %

Exchange Rate: JOD to USD

0.708147

 

0.708340

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.93

UK Pound

1

Rs.80.62

Euro

1

Rs.69.37

 

 

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

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NB

New Business

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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.