MIRA INFORM REPORT

Report Date :

08.06.2012

IDENTIFICATION DETAILS

Name :	AL SHAHEED CORP FOR AUTO SPARE PARTS

Registered Office :	Haran Ibn Malhan Street, Qweismeh, P O Box 931055, Amman

Country :	Jordan

Financials (as on) :	31.12.2011

Date of Incorporation :	16.10.2001

Com. Reg. No.:	129869, Amman

Legal Form :	Sole Proprietorship

Line of Business :	Distribution of heavy truck spare parts and springs

No. of Employees :	04

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 – 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 : AL SHAHEED CORP FOR AUTO SPARE PARTS

Country of Origin : Jordan

Legal Form : Sole Proprietorship

Registration Date : 16^th October 2001

Commercial Registration Number : 129869, Amman

National ID Number : 100209227

Invested Capital : JD 5,000

Total Workforce : 4

Activities : Distribution of heavy truck spare parts and springs

Financial Condition : Fair

Payments : Nothing detrimental uncovered

Operating Trend : Steady

COMPANY NAME

AL SHAHEED CORP FOR AUTO SPARE PARTS

company ADDRESS

Registered & Physical Address

Street : Haran Ibn Malhan Street

Area : Qweismeh

PO Box : 931055

Town : Amman

Country : Jordan

Telephone : (962-6) 4777900

Facsimile : (962-6) 4704545

Mobile : (962-79) 5450011 / 7004696

Email : hamed.alshaheed@hotmail.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

· Khalid Mohamed Abdul Kader Moosa Al Nalawe Proprietor & General Manager

· Hamed Mohamed Abdul Kader Moosa Al Nalawe Assistant General Manager

LEGAL FORM & OWNERS

Date of Establishment : 16^th October 2001

Legal Form : Sole Proprietorship

Commercial Reg. No. : 129869, Amman

National ID No. : 100209227

Invested Capital : JD 5,000

Mr Khalid Mohamed Abdul Kader Moosa Al Nalawe is the sole proprietor of the business.

OPERATIONS

Activities: Engaged in the import and distribution of heavy truck spare parts and springs.

Import Countries: Europe and the Far East.

Operating Trend: Steady

Subject has a workforce of 4 employees.

FINANCIAL DATA

Financial highlights provided by local sources are given below:

Currency: Jordanian Dinars (JD)

Year Ending 31/12/10: Year Ending 31/12/11:

Total Sales JD 725,000 JD 880,000

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

The above financial figures are based on estimations by our local sources.

BANKERS

· Housing Bank

Parliament Street

PO Box: 7693

Amman

Tel: (962-6) 5667126

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 business is considered to be a fair trade risk.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.15
UK Pound	1	Rs.85.22
Euro	1	Rs.69.24

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%)

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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.