MIRA INFORM REPORT

Report Date :

01.06.2012

IDENTIFICATION DETAILS

Name :	IFG TRADE COMPANY

Registered Office :	Al Shurooq Complex, Al Wananat Area, North Marqa, P O Box 341966, Amman 11134

Country :	Jordan

Date of Incorporation :	31.07.2011

Com. Reg. No.:	25670, Amman

Legal Form :	Limited Liability Partnership

Line of Business :	Distribution of general foodstuff, spices, dried food, burgers, frozen poultry, fruits and vegetables

No. of Employees :	13

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	New Company

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 : IFG TRADE COMPANY

Also Known As : IDEAL FOOD GENERAL TRADE

Country of Origin : Jordan

Legal Form : Limited Liability Partnership

Registration Date : 31^st July 2011

Commercial Registration Number : 25670, Amman

National ID Number : 200120122

Issued Capital : JD 5,000

Paid up Capital : JD 5,000

Total Workforce : 13

Activities : Distribution of general foodstuff, spices, dried food, burgers, frozen

poultry, fruits and vegetables.

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

COMPANY NAME

IFG TRADE COMPANY

ALSO KNOWN AS

IDEAL FOOD GENERAL TRADE

company ADDRESS

Registered & Physical Address

Building : Al Shurooq Complex

Area : Al Wananat Area, North Marqa

PO Box : 341966

Town : Amman 11134

Country : Jordan

Telephone : (962-6) 4889092

Facsimile : (962-6) 4889093

Email : inf@ifg-trade.com / m.faraj@ifg-trade.com

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

· Mohamed Ahmed Ali Faraj Managing Partner

· Zayad Atta Ahmed Al Manasarah Partner

· Fadi Ahmed Ali Faraj General Manager

· Tariq Ahmed Ali Faraj Sales Manager

LEGAL FORM & OWNERS

Date of Establishment : 31^st July 2011

Legal Form : Limited Liability Partnership

Commercial Reg. No. : 25670, Amman

National ID No. : 200120122

Issued Capital : JD 5,000

Paid up Capital : JD 5,000

Name of Partners

· Mohamed Ahmed Ali Faraj

· Zayad Atta Ahmed Al Manasarah

OPERATIONS

Activities: Engaged in the import and distribution of general foodstuff, spices, dried food, burgers, frozen poultry,

fruits and vegetables.

Import Countries: Europe and the Far East.

Subject has a workforce of 13 employees.

FINANCIAL DATA

Subject is a newly formed business and as a result financial information is not currently available.

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

In view of subject’s infancy, extensive payment and financial are not available, therefore dealings are recommended to be on secured terms, and a close monitoring of subject’s business development is advisable.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.56.42
UK Pound	1	Rs.87.37
Euro	1	Rs.69.95

INFORMATION DETAILS

Report Prepared by :

MNL

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.