MIRA
INFORM REPORT
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Report Date : |
12th
June, 2006. |
IDENTIFICATION
DETAILS
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Name : |
ARAB
COUNTRIES TRADING COMPANY LIMITED |
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Registered Office : |
Dabbas
Building, 1st Floor, Sharea College Street, Jabal Weibdeh, PO Box:
9183, Amman 11191, Jordan |
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Country : |
Jordan |
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Date of Incorporation : |
1983 |
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Com. Reg. No.: |
1135,
Amman |
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Legal Form : |
Private
Shareholding Company |
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Line of Business : |
Import
and Distribution of Packaging Equipment and Machinery, Laboratory Equipment
and Industrial Raw Materials. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$
175,00 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company
Name : ARAB
COUNTRIES TRADING COMPANY LTD (ACTICO)
Country
of Origin :
Jordan
Legal
Form :
Private Shareholding Company
Registration
Date :
1983
Commercial
Registration Number : 1135, Amman
Issued
Capital :
JD 500,000
Paid up
Capital :
JD 500,000
Total
Workforce :
35
Line of
Business :
Distributors of packaging equipment and machinery, laboratory
equipment and industrial raw
materials.
Financial
Condition : Fair
Payments :
Nothing detrimental uncovered
Operating
Trend : Steady
COMPANY NAME
ARAB
COUNTRIES TRADING COMPANY LTD (ACTICO)
ADDRESS
Registered & Physical
Address
Building : Dabbas Building, 1st
Floor
Street : Sharea College Street
Area : Jabal Weibdeh
PO Box : 9183
Town : Amman 11191
Country : Jordan
Telephone : (962-6) 4621574 / 4627653
Facsimile : (962-6) 4655467
Email : e&i@techni-group.com
Premises
Subject
operates from a small suite of offices that are owned and located in the
Central Business Area of Amman.
KEY PRINCIPALS
·
Tayseer
Halawani Chairman
·
Heba
Ameen Managing
Director
·
Mostafa
Mahmoud Director
·
Yazal
Haroon Commercial
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1983
Legal Form : Private Shareholding Company
Commercial Reg. No. : 1135, Amman
Issued
Capital : JD 500,000
Paid
up Capital : JD 500,000
Name of Shareholder (s)
·
Tayseer
Halawani
·
Heba
Ameen
·
Mostafa
Mahmoud
AFFILIATED COMPANIES
·
Taj
Pharmaceuticals Industry Co Ltd
Amman
·
Al
Rahama Pharmaceuticals Co
Amman
LINE OF BUSINESS
Operations
: Engaged in the
import and distribution of packaging equipment and machinery, laboratory
equipment and industrial
raw materials.
Import
Countries :
Europe and the United States of America.
International
Suppliers :
·
MGN
International Inc United States
of America
Operating
Trend : Steady
Subject
has a workforce of 35 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency
: Jordanian Dinars (JD)
Year
Ending 31/12/04 Year
Ending 31/12/05
Total
Revenue JD
2,050,000 JD
2,160,000
Local
sources consider subject’s financial condition to be Fair.
BANKERS
·
Bank
of Jordan Ltd
King Hussain Street
PO Box : 37
Amman
Tel : (962-6) 5630301
Fax : (962-6) 5638889
·
ANZ
Grindlays Bank
Shmeisani Branch
PO Box : 9997
Amman
Tel : (962-6) 4621771
Fax : (962-6) 4659971
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
Date of
transaction January
2006
Credit
amount 41,000
Amount
overdue 0
Payment
terms 30 days
Payment
Method Letters of
Credit
Paying
record No
Complaints
Currency Pounds
Sterling
GENERAL COMMENTS
Opinion
on the credit figure of US$ 150,000
Established
in 1983, subject is involved in the import and distribution of packaging
equipment and machinery, laboratory equipment and industrial raw materials.
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.
Maximum
suggested credit figure: US$ 175,00
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |