MIRA INFORM REPORT

Report Date :

27.06.2012

IDENTIFICATION DETAILS

Name :	MADANAT DRUG STORE

Registered Office :	Building No. 391, Medical City Street, 910175, Amman 11191

Country :	Jordan

Financials (as on) :	31.12.2011

Date of Incorporation :	14.09.2009

Com. Reg. No.:	225916, Amman

Legal Form :	Sole Proprietorship

Line of Business :	Distributors of drugs, medicines and medical equipment

No. of Employees :	12

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 : MADANAT DRUG STORE

Country of Origin : Jordan

Legal Form : Sole Proprietorship

Registration Date : 14^th September 2009

Commercial Registration Number : 225916, Amman

National ID Number : 100034399

Invested Capital : JD 5,000

Total Workforce : 12

Activities : Distributors of drugs, medicines and medical equipment

Financial Condition : Fair

Payments : Nothing detrimental uncovered

Operating Trend : Steady

COMPANY NAME

MADANAT DRUG STORE

ADDRESS

Registered & Physical Address

Building : Building No. 391

Street : Medical City Street

PO Box : 910175

Town : Amman 11191

Country : Jordan

Telephone : (962-6) 5859502

Facsimile : (962-6) 5859602

Mobile : (962-79) 5567588

Email : info@mds-jo.com

Premises

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

KEY PRINCIPALS

Name Position

· Wessam Ajlan Mussad Madanat Proprietor & General Manager

· Rasha Saliba Assistant General Manager

LEGAL FORM & OWNERS

Date of Establishment : 14^th September 2009

Legal Form : Sole Proprietorship

Commercial Reg. No. : 225916, Amman

National ID No. : 100034399

Invested Capital : JD 5,000

Mr Wessam Ajlan Mussad Madanat is the sole proprietor of the business.

OPERATIONS

Activities: Engaged in the import and distribution of drugs, medicines and medical equipment.

Import Countries: Europe and the Far East.

Operating Trend: Steady

Subject has a workforce of 12 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 770,000 JD 850,000

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

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

BANKERS

· Ahli Bank

Wakalat Street

PO Box: 852126

Amman 11185

Tel: (962-6) 5852486

Fax: (962-6) 5854283

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

Local sources report that payment obligations are met in a generally timely manner and the operating history is clear. As such the business is deemed a fair trade risk and the above credit figure is considered to be within subject’s financial means.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.57.07
UK Pound	1	Rs.88.95
Euro	1	Rs.71.40

INFORMATION DETAILS

Report Prepared by :

PDT

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.