MIRA INFORM REPORT

Report Date :

20.04.2012

IDENTIFICATION DETAILS

Name :	SAMA JORDAN METALS TRADE & INDUSTRIAL EQUIPMENT LLC

Registered Office :	Wakalat Street, Abu Alanada Area, P O Box 78, Amman 11592

Country :	Jordan

Financials (as on) :	31.12.2011

Date of Incorporation :	20.07.2010

Com. Reg. No.:	223311

Legal Form :	Limited Liability Company

Line of Business :	Distributors of industrial and safety equipment, tools, rope and wires

No. of Employees :	08

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$ 150,000

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 – March 31^st, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Jordan

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

SUMMARY

Company Name : SAMA JORDAN METALS TRADE & INDUSTRIAL EQUIPMENT LLC

Country of Origin : Jordan

Legal Form : Limited Liability Company

Registration Date : 20^th July 2010

Commercial Registration Number : 223311

National ID Number : 200112584

Issued Capital : JD 30,000

Paid up Capital : JD 30,000

Total Workforce : 8

Activities : Distributors of industrial and safety equipment, tools, rope and wires.

Financial Condition : Fair

Payments : Nothing detrimental uncovered

Recommended Credit Limit : US$ 150,000

COMPANY NAME

SAMA JORDAN METALS TRADE & INDUSTRIAL EQUIPMENT LLC

company ADDRESS

Registered & Physical Address

Street : Wakalat Street

Area : Abu Alanada Area

PO Box : 78

Town : Amman 11592

Country : Jordan

Telephone : (962-6) 4160250

Facsimile : (962-6) 4160290

Mobile : (962-79) 5053344

Email : Jordan_sky2010@hotmail.com

Please note that Unrwa is not a correct address.

Premises

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

KEY PRINCIPALS

Name Position

· Anwar Salem Al Jabali Managing Director

· Hassan Salem Al Jabali Director

LEGAL FORM & OWNERS

Date of Establishment : 20^th July 2010

Legal Form : Limited Liability Company

Commercial Reg. No. : 223311

National ID No. : 200112584

Issued Capital : JD 30,000

Paid up Capital : JD 30,000

Name of Shareholder (s)

· Anwar Salem Al Jabali

· Hassan Salem Al Jabali

OPERATIONS

Activities: Engaged in the import and distribution of industrial and safety equipment, tools, rope and wires.

Import Countries: Europe and the Far East.

Subject has a workforce of 8 employees.

FINANCIAL DATA

Financial highlights provided by local sources are given below:

Currency: Jordanian Dinars (JD)

Year Ending 31/12/11:

Total Sales JD 1,200,000

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

BANKERS

· Invest Bank AV

Wehdat Branch

PO Box 620830

Amman 11162

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.51.89
UK Pound	1	Rs.83.18
Euro	1	Rs.68.06

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.