MIRA INFORM REPORT

Report Date :

07.10.2011

IDENTIFICATION DETAILS

Name :	AL ISTIANA LIL ISKAN

Registered Office :	13 Garden City, Amman 11118

Country :	Jordan

Date of Incorporation :	05.09.2006

Com. Reg. No.:	12852

Legal Form :	Limited Liability Company

Line of Business :	Building Contractors

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

Maximum Credit Limit :	US DLRS 10,000,000
Status :	Moderate
Payment Behaviour :	Unknown
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

COmpany NAME

Al Istiana Lil Iskan

company ADDRESS

Area : 13 Garden City

Town : Amman 11118

Country : Jordan

SENIOR COMPANY PERSONNEL

Name Position

1. Ali Radi Shawkat Managing Director

2. Samsam Hussein Mohammed Al Hamidat Deputy Managing Director

PAYMENTS

Current trade experience of payments has not been traced.

Our local sources could not contact the subject and obtain a direct

interview. No telephone number is listed for the subject at the local telephone directory.

Opinion on maximum credit : We have insufficient basis on which to

speak for unsecured credit and recommend

international suppliers deal cash or

pre-paid basis only.

Trade risk assessment : No classification

Opinion on the credit figure of US DLRS 10,000,000:

See above comments.

PRINCIPAL BANKERS

NAME : JORDAN ISLAMIC BANK (FMLY JORDAN ISLAMIC BANK FOR FINANCE AND

INVESTMENT)

Branch : Main, Shmeisani

P.O. Box : 926225

Town : Amman 11190

Telephone : (962 6) 566 6325 / 567 7377 / 562 9801

Fax : (962 6) 566 6326 / 560 6144 / 568 4755

The above bank was been contacted and the officials could not reveal any information regarding the subject, as it is kept in strict confidentiality according to its banking code.

FINANCIAL INFORMATION

Balance sheets are not available. Financial information could not be

obtained from third party sources.

LEGAL STATUS AND HISTORY

Date Started : 5 September 2006

C.R. No. : 12852

National ID No.: 200002835

Authorised Capital : JD 150,000

Paid-Up Capital : JD 100,005

Limited Liability Company with the following directors and shareholders :

Directors

1. Ali Radi Shawkat

2. Samsam Hussein Mohammed Al Hamidat

Shareholders

Share Value

1. Ali Radi Shawkat JD 100,000

(Iraqi national / National ID No.: 892304)

2. Samsam Hussein Mohammed Al Hamidat JD 50,000

(Iraqi national / National ID No.: 469260)

ACTIVITIES

The Company is involved in the following activities :

Building contractors.

FACILITIES

The Company has the following facilities :

Office premises located at the heading address.

SPECIAL NOTE

Interviewed: Third party sources.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.19
UK Pound	1	Rs.75.92
Euro	1	Rs.65.44

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.