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MIRA
INFORM REPORT
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Report Date : |
17.11.2006 |
IDENTIFICATION
DETAILS
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Name : |
TECHNOMEDICAL
CO LTD (TECHNOMEDICS) |
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Registered Office : |
Aqad
Commercial Complex, Tela Al Ali Area, P. O. Box 1437, Amman 11953 |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
16th January 1995 |
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Com. Reg. No.: |
54494 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Engaged
in the import and distribution of medical equipment, surgical products,
laboratory supplies and medical tools. |
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$
150,000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : TECHNOMEDICAL CO LTD (TECHNOMEDICS)
Country of Origin : Jordan
Legal Form : Limited Liability Partnership
Registration Date : 16th January 1995
Commercial Registration Number : 54494, Amman
Membership Number : 3538
Issued Capital : JD 200,000
Paid up Capital : JD 200,000
Total Workforce : 11
Line of Business : Distributors of medical equipment, surgical products, laboratory
supplies and medical tools.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
TECHNOMEDICAL
CO LTD (TECHNOMEDICS)
ADDRESS
Registered & Physical
Address
Building : Aqad Commercial Complex
Area : Tela Al Ali Area
PO Box : 1437
Town : Amman 11953
Country : Jordan
Telephone : (962-6) 5532395
Facsimile : (962-6) 5532394
Email : techno@nets.com.jo
Premises
Subject
operates from a small suite of offices and a warehouse that are owned and
located in the Central Business Area of Amman.
KEY PRINCIPALS
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Sami
Hassan Abdul Fattah Al Aqad Managing
Partner
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Osama
Hassan Abdul Fattah Al Aqad Partner
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Osman
Hassan Abdul Fattah Al Aqad Partner
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Abbas
Hassan Abdul Fattah Al Aqad Partner
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Mohamed
Fouzi Hassan Abdul Fattah Al Aqad Partner
LEGAL FORM & OWNERS
Date of Establishment : 16th January 1995
Legal Form : Sharikat Tadhamum Bill Asshum (Limited Liability Partnership)
Commercial Reg. No. : 54494, Amman
Membership No. : 3538
Issued
Capital : JD 200,000
Paid
up Capital : JD 200,000
Name of Partner (s)
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Sami
Hassan Abdul Fattah Al Aqad
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Osama
Hassan Abdul Fattah Al Aqad
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Osman
Hassan Abdul Fattah Al Aqad
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Abbas
Hassan Abdul Fattah Al Aqad
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Mohamed
Fouzi Hassan Abdul Fattah Al Aqad
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
import and distribution of medical equipment, surgical products, laboratory
supplies and medical tools.
Import
Countries :
Europe and the Far East.
Operating
Trend : Steady
Subject
has a workforce of 11 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
1,400,000 JD
1,850,000
Local
sources consider subject’s financial condition to be Fair.
BANKERS
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Arab
Bank Plc
Shmeisani Branch
PO Box : 950545 & 950544
Amman 11195
Tel : (962-6) 5607231 / 5607115
Fax : (962-6) 5606793 / 5606830
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion
on the credit figure of US$ 150,000:
Established
in 1995, subject is involved in the import and distribution of medical
equipment, surgical products, laboratory supplies and medical tools.
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 business is considered to be a fair trade risk and the above credit
figure is deemed to be within subject’s financial means.
Maximum
suggested credit figure: US$ 150,000
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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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