MIRA
INFORM REPORT
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Report Date : |
25.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
ELIAS HANNA KOUR
& PARTNERS CO |
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Registered Office : |
Station Road, Al
Mahatta, P O Box 578, Amman 11118 |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
2nd July 1978 |
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Com. Reg. No.: |
834, Amman |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Engaged in the wholesale
and retail of automotive spare parts. |
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$ 180,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
SUMMARY
Company Name : ELIAS HANNA KOUR & PARTNERS CO
Country of Origin : Jordan
Legal Form : Limited Liability Partnership
Registration Date : 2nd July 1978
Commercial Registration Number : 834, Amman
Issued Capital : JD 5,000
Paid up Capital : JD 5,000
Total Workforce : 5
Line of Business : Wholesalers and retailers of automotive spare parts.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
ELIAS HANNA KOUR
& PARTNERS CO
ADDRESS
Registered & Physical Address
Street : Station Road
Area : Al Mahatta
PO Box : 578
Town : Amman 11118
Country : Jordan
Telephone : (962-6) 4655129
Facsimile : (962-6) 4646070
Email : elkour@go.com.jo
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Amman.
KEY PRINCIPALS
·
Marlene Elia
Al Kour Managing
Partner
·
Emilie Elias
Al Kour Partner
·
Khalil Madbak General
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 2nd
July 1978
Legal Form :
Sharikat Tadhamum Bill
Asshum (Limited Liability
Partnership)
Commercial Reg. No. : 834
Issued Capital : JD 5,000
Paid up Capital : JD 5,000
Name of Partner (s) Percentage
·
Marlene Elia
Al Kour 50%
·
Emilie Elias
Al Kour 50%
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 and retail of
automotive spare parts.
Import Countries
: Germany and Italy.
Agencies Held :
·
Jurid Weke
Gmbh Germany
·
Behr Gmbh
& Co Germany
·
Goetze AG Germany
·
Weber
Hydraulik Gmbh Germany
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Mann &
Humel Germany
Operating Trend
: Steady
Subject has a
workforce of 5 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency :
Jordanian Dinars (JD)
Year
Ending 31/12/05 : Year
Ending 31/12/06 :
Total Revenue JD 1,062,000 JD 1,105,640
Total Assets JD 496,160 JD 496,160
Stock JD 318,960 JD 333,211
Local sources
consider subject’s financial condition to be Fair.
BANKERS
·
HSBC Bank
Middle East
Khalid Bin Walid Street
Jebel Hussein
PO Box : 925286
Amman
Tel : (962-6) 5660471 / 5607471
Fax : (962-6) 5692964
·
Arab Banking
Corporation
Matalqa Centre Branch
11th August Street
PO Box : 926691
Amman 11110
Tel : (962-6) 4664183 / 4664185
Fax : (962-6) 4692713
PAYMENT HISTORY
No complaints regarding
subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the
credit figure of US$ 150,000:
Established in
1978, subject is involved in the wholesale and retail of automotive spare
parts.
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$ 180,000
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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)