MIRA INFORM REPORT

Report Date :

14.01.2014

IDENTIFICATION DETAILS

Name :	ZAIDAN AL AMMOURI & SONS CO

Registered Office :	North Marqa Area, P O Box 4050, Amman 11131

Country :	Jordan

Financials (as on) :	31.12.2013

Date of Incorporation :	14.03.1987

Com. Reg. No.:	34345

Legal Form :	Limited Liability Partnership

Line of Business :	Engaged in the processing and packaging coffee, spices, dried foodstuff, sweets and Mahalabiya.

No. of Employees :	120

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 – September 30, 2013

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

Jordan

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 and 2012, the government approved two economic relief packages and a budgetary supplement, meant 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 diesel imports, primarily from Saudi Arabia, to generate electricity. Jordan is currently exploring nuclear power generation in addition to the exploitation of abundant oil shale reserves and renewable technologies to forestall energy shortfalls. In 2012, to correct budgetary and balance of payments imbalances, Jordan entered into a $2.1 billion, multiple year International Monetary Fund Stand-By Arrangement. Jordan''s financial sector has been relatively isolated from the international financial crisis because of its limited exposure to overseas capital markets. Jordan will continue to depend heavily on foreign assistance to finance the deficit in 2013.

Source : CIA

SUMMARY

Company Name : ZAIDAN AL AMMOURI & SONS CO

Trading As : AL SALAM MILLS

Country of Origin : Jordan

Legal Form : Limited Liability Partnership

Registration Date : 14^th March 1987

Commercial Registration Number : 34345

Chamber Membership Number : 25476

National ID Number : 200016000

Issued Capital : JD 20,000

Paid up Capital : JD 20,000

Total Workforce : 120

Activities : Processing and packaging coffee, spices, dried foodstuff, sweets and

Mahalabiya

Financial Condition : Fair

Payments : Nothing detrimental uncovered

Operating Trend : Steady

COMPANY NAME

ZAIDAN AL AMMOURI & SONS CO

TRADING AS

AL SALAM MILLS

company ADDRESS

Registered & Physical Address

Location : North Marqa Area

PO Box : 4050

Town : Amman 11131

Country : Jordan

Telephone : (962-6) 4888306 / 4888307 / 4924703

Facsimile : (962-6) 4888308 / 4924704

Email : alsalammills@hotmail.com

Premises

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

KEY PRINCIPALS

Name Position

· Zaidan Al Amouri Managing Partner

· Sofiyan Zaidan Al Amouri Partner

LEGAL FORM & OWNERS

Date of Establishment : 14^th March 1987

Legal Form : Limited Liability Partnership

Commercial Reg. No. : 34345

Chamber Member No. : 25476

National ID No. : 200016000

Issued Capital : JD 20,000

Paid up Capital : JD 20,000

Name of Partners

· Zaidan Al Amouri

· Sofiyan Zaidan Al Amouri

OPERATIONS

Activities: Engaged in the processing and packaging coffee, spices, dried foodstuff, sweets and Mahalabiya.

Import Countries: Europe and the Far East.

Brand Names: TEEBA, AL SALAM and AL SALAM THYME

Operating Trend: Steady

Subject has a workforce of 120 employees.

FINANCIAL DATA

Financial highlights provided by local sources are given below:

Currency: Jordanian Dinars (JD)

Year Ending 31/12/12: Year Ending 31/12/13:

Total Sales JD 3,400,000 JD 3,700,000

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

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

BANKERS

· Bank of Jordan Ltd

Jebel Amman

PO Box: 2140

Amman

Tel: (962-6) 4642034

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

Local sources report that the subject’s operating history is clear with payment obligations met in a generally timely manner. The financial position is satisfactory and the company is deemed a fair trade risk.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.52
UK Pound	1	Rs.101.48
Euro	1	Rs.84.11

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.