MIRA
INFORM REPORT
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Report Date : |
30th
May, 2006. |
IDENTIFICATION
DETAILS
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Name : |
AL
ZOYOUNA |
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Registered Office : |
Al
Wakalat Street, Al Sowiyfia Area, Zarqa, Jordan |
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Country : |
Jordan |
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Date of Incorporation : |
March 2005 |
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Com. Reg. No.: |
559 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of Medical Instruments and
Electrical Products. |
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$
40,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
SUMMARY
Company Name : AL ZAYOUNA
Country of Origin : Jordan
Legal Form : Limited Liability Company
Registration Date : March 2005
Commercial Registration Number : 559
Issued Capital : JD 10,000
Paid up Capital : JD 10,000
Total Workforce : 6
Line of Business : Distributors of medical instruments and electrical products.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
AL
ZAYOUNA
ADDRESS
Registered & Physical Address
Street : Al Wakalat Street
Area : Al Sowiyfia Area
Town : Zarqa
Country : Jordan
Telephone : (962-5) 5859002
Facsimile : (962-5) 5859003
Mobile : (962-79) 5729658
Email : alialzamani@yahoo.com
Premises
Subject
operates from a small suite of offices and a warehouse that are rented and located
in the Central Business Area of Zarqa.
KEY PRINCIPALS
·
Ali
Abdul Rahman Majeed Managing
Director
·
Thamer
Abdul Moniem Director
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Ahmed
Abbass Ali Director
LEGAL FORM & OWNERS
Date of Establishment : March 2005
Legal Form : Sharikat Thet Massouliya Mahdoudeh (Limited Liability
Company)
Commercial Reg. No. : 559
Issued
Capital : JD 10,000
Paid
up Capital : JD 10,000
Name of Shareholder (s)
·
Ali
Abdul Rahman Majeed
·
Thamer
Abdul Moniem
·
Ahmed
Abbass Ali
Note to the Legal Form
A Limited Liability Company is defined in the Company Law as a company incorporated with a minimum
of two and maximum of fifty shareholders, each responsible only for the liabilities of the company to the
extent of their share participation in the capital of the company.
LINE OF BUSINESS
Operations
: Engaged in the
import and distribution of medical instruments and electrical products.
Import
Countries :
Europe and the Far East.
Subject
has a workforce of 6 employees.
FINANCIAL HIGHLIGHTS
Subject
is a newly formed business and as a result financial information is not
currently available.
BANKERS
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Arab
Bank Plc
King Hussein Street
PO Box : 145
Zarqa
Tel : (962-5) 3983381
Fax : (962-5) 3994522
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Investigations
undertaken in Zarqa did not reveal any sign of payment defaults or delays
during initial trading stages, and subject is believed to meet its payment
obligations in a timely manner, nevertheless, and in view of the company’s
infancy and the lack of a more consistent payment and financial record, a
measure of caution is advisable and a close monitoring of subject’s business
development is recommended.
Maximum
suggested credit figure: US$ 40,000
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 |