MIRA
INFORM REPORT
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Report Date : |
22nd
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
WALID
HANI HADDAD & PARTNERS CO. |
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Registered Office : |
Jebel
Al Nazeef Area, PO Box: 151265, Amman 11115, Jordan |
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Country : |
Jordan |
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Date of Incorporation : |
03.01.1987 |
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Com. Reg. No.: |
7597, Amman |
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Legal Form : |
Sharikat
Tadhamum Bill Asshum (Limited Liability Partnership) |
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Line of Business : |
Importer
and Distributors of agricultural tools, yarns,
adhesives, jute bags, ropes and plastic rolls. |
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
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Company Name |
WALID HANI HADDAD & PARTNERS CO |
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Country of Origin |
Jordan |
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Legal Form |
Limited Liability Partnership |
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Registration Date |
3rd January 1987 |
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Commercial Registration Number |
7597, Amman |
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Membership Number |
17764 |
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Issued Capital |
JD 10,000 |
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Paid up Capital |
JD 10,000 |
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Total Workforce |
6 |
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Line of Business |
Distributors of agricultural tools, yarns, adhesives, jute bags, ropes and plastic rolls. |
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Financial Condition |
Fair |
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Payments |
Nothing detrimental uncovered |
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Operating Trend |
Steady |
COMPANY NAME
WALID
HANI HADDAD & PARTNERS CO
ADDRESS
Registered & Physical
Address
Location : Jebel Al Nazeef Area
PO Box : 151265
Town : Amman 11115
Country : Jordan
Telephone : (962-6) 4742508
Facsimile : (962-6) 5539066 / 4730066
Email : lanhaddad@yahoo.com
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
·
Walid
Hani Yousef Haddad Managing
Partner
·
Wael
Hani Yousef Haddad Partner
LEGAL FORM & OWNERS
Date of Establishment : 3rd January 1987
Legal Form : Sharikat Tadhamum Bill Asshum (Limited Liability Partnership)
Commercial Reg. No. : 7597, Amman
Membership No. : 17764
Issued
Capital : JD 10,000
Paid
up Capital : JD 10,000
Name of Partner (s)
·
Walid
Hani Yousef Haddad
·
Wael
Hani Yousef Haddad
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 agricultural tools, yarns, adhesives, jute bags,
ropes and plastic rolls.
Import
Countries :
Europe and the Far East.
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 31/12/04 : Year Ending
31/12/05 :
Total
Revenue JD
850,000 JD
1,000,000
Local
sources consider subject’s financial condition to be Fair.
BANKERS
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Jordan
National Bank
Jabal Amman Branch
PO Box : 1578
Amman 11118
Tel :
(962-6) 5642391
Fax :
(962-6) 5628809
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion
on the credit figure of US$ 150,000:
Established
in 1987, subject is involved in the import and distribution of agricultural
tools, yarns, adhesives, jute bags, ropes and plastic rolls.
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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