Attachment 1

 

Report Update On

29th July, 2003

 

 

Report on

ALLAWI TRADING COMPANY

 

 

Registered Office

Al Qudas Street, Ras Al Ain Area, P. O. Box 621253, Amman 11162, Jordan

 

 

Tel. No.

(962-6) 4781550

Fax No.

(962-6) 4773919

E-Mail

 

Telex

 

 

 

Attachment 2

 

SUMMARY

 

 

Incorporated

09.02.1984

Status

Satisfactory

 

 

 

 

Registration No.

5103

Chief Executive

Mr. Ali Mohamed Abdulmalik Allawi

 

 

 

 

Capital        (JD)

5,000

Payments

Regular

 

 

 

 

Sales           (JD)

250,000

Litigation

Clear

 

 

 

 

Net Worth  (JD)

 

Banking Reputation

 

 

 

 

 

No. of Employees

6

Auditors

 

 

 

 

 

Credit Rating

Ba (See attachment 3)

 

 

 

 

                                                            SUMMARY

 

 

Company Name                         : ALLAWI TRADING COMPANY

Country of Origin                                    : Jordan

Legal Form                                            : Limited Liability Partnership

Registration Date                                   : 9th February 1984

Commercial Registration Number            : 5103, Amman

Trade Licence Number                            : 13373

Issued Capital                                        : JD 5,000

Paid up Capital                                      : JD 5,000

Total Workforce                                     : 6

Line of Business                                    : Wholesalers of agricultural machinery and

                                                              equipment, as well as building materials and

                                                              sanitary ware products.

Financial Condition                                 : Fair

Payments                                             : Nothing detrimental uncovered

Operating Trend                         : Steady

 

 

 

 

 

 

COMPANY NAME : ALLAWI TRADING COMPANY

 

 

ADDRESS

 

 

Registered & Physical Address

 

Street               : Al Qudas Street

Area                 : Ras Al Ain Area

 

PO Box             : 621253

 

Town                 : Amman 11162

Country             : Jordan

 

Telephone         : (962-6) 4781550

Facsimile          : (962-6) 4773919

 

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

 

 

·       Ali Mohamed Abdulmalik Allawi                                                          Managing Partner

 

·       Mohamed Abdul Mahdi Allawi                                                 Partner

 

 

LEGAL FORM & OWNERS

 

 

Date of Establishment  : 9th February 1984

 

Legal Form                  : Sharikat Tadhamum Bill Asshum (Limited Liability Partnership)

 

Commercial Reg. No.  : 5103, Amman

 

Trade Licence No.       : 13373

 

Issued Capital              : JD 5,000

 

Paid up Capital            : JD 5,000

 

Name of Partner (s)

 

·      Ali Mohamed Abdulmalik Allawi

 

·      Mohamed Abdul Mahdi Allawi

 

Note to the Legal Form            A Limited Liability Partnership in Jordan is formed by at least one general partner and one limited partner. The total number of partners must not exceed twenty. The general partners assume unlimited personal liability for the debt of the partnership jointly and severally amongst themselves. The liability of the limited partners for the debt of the partnership is limited to their contributions to the capital of the partnership.

 

 

LINE OF BUSINESS

 

 

Operations : Engaged in the wholesale of agricultural machinery and equipment, as well as

         building materials and sanitary ware products.

 

Import Countries : Spain, Italy and the United Kingdom.

 

Operating Trend : Steady

 

Subject has a workforce of 6 employees.

 

 

FINANCIAL HIGHLIGHTS

 

 

Financial highlights provided by outside sources are given below :

 

Currency : Jordanian Dinars (JD)

 

                                                Year Ending 31/12/01 :               Year Ending 31/12/02 :

 

Total Revenue                            JD 250,000                                JD 295,000

 

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

 

 

BANKERS

 

 

·      Arab Bank Plc

Shmeisani Branch

PO Box : 950545 & 950544

Amman 11195

Tel : (962-6) 5607231 / 5607115

Fax : (962-6) 5606793 / 5606830

Email : secretariat@arabbank.com.jo

 

 

PAYMENT HISTORY

 

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

 

Allawi Trading Company was established in 1984 and specialises in the wholesale of agricultural machinery and equipment, as well as building materials and sanitary ware products.

 

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 company is considered to be a fair trade risk.

 

Maximum suggested credit figure: US$ 125,000

 

Attachment 3

 

 

SCORE SHEET

 

SCORE

CREDIT 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. Maybe drawn to slightly difficult position as unfavourable conditions arise. Minimal assurance for timely payment on interest and principal sums

Moderate

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively limited or considered not known. Capability to pay both interest and principal sums is doubtful

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

 

Attachment 4

 

ACKNOWLEDGEMENT

 

Dear Sir/Madam,

 

As part of our control system, please fax/email us this note upon receipt of this report. If we do not receive the acknowledgement within 24 hours, we will assume that our report meets your requirement. If you have any suggestion to help us improve our reports and services, please do not hesitate to let us know.

 

Thank you.

______________________________________________________________________________

 

To        : MIRA INFORM PRIVATE LIMITED

From    :

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Feedback – Please tick the appropriate box.

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GOOD

FAIR

POOR

 

 

 

 

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Company’s Stamp & Signature