MIRA INFORM REPORT

Report Date :

25.05.2012

IDENTIFICATION DETAILS

Name :	AL BARARI JORDAN FOR IMPORT & EXPORT CO

Registered Office :	Al Barika Complex Gate, Garden Street, P O Box 183261, Amman 11118

Country :	Jordan

Financials (as on) :	31.12.2011

Year of Establishment :	1991

Legal Form :	Limited Liability Company

Line of Business :	Distributors of foodstuffs, building materials, wood, timber and electrical goods

No. of Employees :	05

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 BARARI JORDAN FOR IMPORT & EXPORT CO

Country of Origin : Jordan

Legal Form : Limited Liability Company

Registration Date : 1991

Issued Capital : JD 50,000

Paid up Capital : JD 50,000

Total Workforce : 5

Activities : Distributors of foodstuffs, building materials, wood, timber and electrical

goods.

Financial Condition : Fair

Payments : Nothing detrimental uncovered

Operating Trend : Steady

Person Interviewed : Raja Attari, Administration Manager

COMPANY NAME

AL BARARI JORDAN FOR IMPORT & EXPORT CO

company ADDRESS

Registered & Physical Address

Location : Al Barika Complex Gate, Garden Street

PO Box : 183261

Town : Amman 11118

Country : Jordan

Telephone : (962-6) 5535181

Facsimile : (962-6) 5535180

Mobile : (962-79) 6177008

Email : barari@mac.com.jo

Premises

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

KEY PRINCIPALS

Name Position

· Abdul Salam Jaffar Mahdi Managing Director

· Raja Attari Administration Manager

LEGAL FORM & OWNERS

Date of Establishment : 1991

Legal Form : Limited Liability Company

Issued Capital : JD 50,000

Paid up Capital : JD 50,000

Name of Shareholder (s)

· Abdul Salam Jaffar Mahdi

· Members of Mr Abdul Salam Jaffar Mahdi’s family

OPERATIONS

Activities: Engaged in the import and distribution of foodstuffs, building materials, wood, timber and electrical goods.

Import Countries: Europe and the Far East.

Operating Trend: Steady

Subject has a workforce of 5 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 1,550,000 JD 1,700,000

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

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

Local sources report that payment obligations are met in a generally timely manner and the operating history is clear. As such the company 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.56.29
UK Pound	1	Rs.88.26
Euro	1	Rs.70.82

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.