MIRA INFORM REPORT

Report Date :

21.12.2012

IDENTIFICATION DETAILS

Name :	TEEBA FARMS COMPANY

Formerly Known As :	TEEBA FARMS CO FOR AGRICULTURAL PRODUCTION & ANIMAL MARKETING

Registered Office :	Cairo Bank Building, 1^st Floor, Office No. 30, Hosny Sobar Street, Al Bayader, PO Box : 141611, Amman

Country :	Jordan

Date of Incorporation :	1997

Com. Reg. No.:	1578

Legal Form :	Limited Liability Partnership

Line of Business :	Distributors of general foodstuffs

No. of Employees :	8

RATING & COMMENTS

MIRA’s Rating :

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 – June 30^th, 2012

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

JordanB1

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

Jordan - ECONOMIC OVERVIEW

Jordan's economy is among the smallest in the Middle East, with insufficient supplies of water, oil, and other natural resources, underlying the government''s heavy reliance on foreign assistance. Other economic challenges for the government include chronic high rates of poverty, unemployment, inflation, and a large budget deficit. Since assuming the throne in 1999, King ABDALLAH has implemented significant economic reforms, such as opening the trade regime, privatizing state-owned companies, and eliminating some fuel subsidies, which in the last decade spurred economic growth by attracting foreign investment and creating some jobs. The global economic slowdown and regional turmoil, however, have depressed Jordan''s GDP growth, impacting export-oriented sectors, construction, and tourism. In 2011 the government approved two economic relief packages and a budgetary supplement, largely to improve the living conditions for the middle and poor classes. Jordan''s finances have also been strained by a series of natural gas pipeline attacks in Egypt, causing Jordan to substitute more expensive heavy fuel oils to generate electricity. An influx of foreign aid, especially from Gulf countries, has helped to somewhat offset these extrabudgetary expenditures, but the budget deficit is likely to remain high, at nearly 10% of GDP excluding grants. Amman likely will continue to depend heavily on foreign assistance to finance the deficit in 2012. Jordan''s financial sector has been relatively isolated from the international financial crisis because of its limited exposure to overseas capital markets. Jordan is currently exploring nuclear power generation to forestall energy shortfalls.

Source : CIA

SUMMARY

Company Name : TEEBA FARMS COMPANY

Also Known As : TEEBA FARMS CO FOR AGRICULTURAL PRODUCTION & ANIMAL

MARKETING

Country of Origin : Jordan

Legal Form : Limited Liability Partnership

Start Date : 1997

Registration Date : 18^th September 2012

Commercial Registration Number : 1578

Chamber Membership Number : 173713

Issued Capital : JD 50,000

Paid up Capital : JD 50,000

Total Workforce : 8

Activities : Distributors of general foodstuffs

Financial Condition : Fair

Payments : Nothing detrimental uncovered

Operating Trend : Steady

COMPANY NAME

TEEBA FARMS COMPANY

ALSO KNOWN AS

TEEBA FARMS CO FOR AGRICULTURAL PRODUCTION & ANIMAL MARKETING

ADDRESS

Registered & Physical Address

Building : Cairo Bank Building, 1^st Floor, Office No. 30

Street : Hosny Sobar Street

Area : Al Bayader

PO Box : 141611

Town : Amman

Country : Jordan

Mobile : (962-77) 6688515

Email : eman@teebafarms.com

Premises

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

KEY PRINCIPALS

Name Nationality Position

Talib Saleh Hamad Hamadi Iraqi Managing Partner

Eman Al Sultan - Commercial Manager

LEGAL FORM & OWNERS

Date of Establishment : 1997, however subject was registered on 18^th September 2012

Legal Form : Limited Liability Partnership

Commercial Reg. No. : 1578

Chamber Member No. : 173713

Issued Capital : JD 50,000

Paid up Capital : JD 50,000

Name of Partners

Talib Saleh Hamad Hamadi

Members of Mr Talib Saleh Hamad Hamadi’s family

OPERATIONS

Activities: Engaged in the import and distribution of general foodstuffs, including meat, poultry and

agricultural products.

Import Countries: Europe and the Far East.

Subject has a workforce of 8 employees.

FINANCIAL DATA

Companies registered in Jordan are not legally required to make their accounts public and no financial information was released by the company or submitted by outside 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.54.84
UK Pound	1	Rs.89.11
Euro	1	Rs.72.46

INFORMATION DETAILS

Report Prepared by :

SDA

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.