MIRA
INFORM REPORT
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Report Date : |
03.08.2007 |
IDENTIFICATION DETAILS
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Name : |
JAWAD JABR & BASSAM AL EZZEH |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
21.07.1993 |
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Com. Reg. No.: |
33807, |
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Legal Form : |
Sharikat Al Tadhamun (General Partnership) |
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Line of Business : |
Engaged in the import and distribution of 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$ 150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name :
JAWAD JABR & BASSAM AL EZZEH
Doing Business As :
AL MADAR CHEMICAL ESTABLISHMENT
Country of Origin :
Legal Form :
General Partnership
Registration Date :
21st July 1993
Commercial Registration Number :
33807,
Partners Capital :
JD 20,000
Total Workforce :
12
Line of Business :
Distributors of industrial raw materials.
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend :
Steady
COMPANY NAME
JAWAD JABR & BASSAM AL EZZEH
DOING BUSINESS AS : AL MADAR CHEMICAL ESTABLISHMENT
ADDRESS
Registered & Physical Address
Building :
Street :
PO Box : 2726
Town :
Country :
Telephone : (962-6) 5693796
/ 5699467
Facsimile : (962-6)
5685690
Email : almadar@nets.com.jo
Premises
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Amman.
Branch Office (s)
Location Description
Mqablain Warehouse
premises
KEY PRINCIPALS
Bassam Abdul Latif Ezzah Managing
Partner
Jawad Ali Jabr Partner
LEGAL FORM &
OWNERS
Date of Establishment : 21st
July 1993
Legal Form :
Sharikat Al Tadhamun (General Partnership)
Commercial Reg. No. : 33807,
Partners Capital : JD
20,000
Name of Partner (s)
Percentage
Bassam Abdul Latif Ezzah 50%
Jawad Ali Jabr 50%
Note to the Legal Form
A General Partnership in
There are no legal requirements concerning the amount of capital of a
general partnership. The shares of each partner, presented in cash, kind or
rights, must not be issued in the form of negotiable instruments, nor can they
be transferred or assigned without the unanimous approval of the partners
unless the memorandum specifically provides otherwise.
LINE OF BUSINESS
Operations :
Engaged in the import and distribution of industrial raw materials
Import Countries :
Operating Trend : Steady
Subject has a workforce of 12 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
1,558,698 JD
1,620,671
Stock JD 141,683 JD 154,768
Local sources consider subject’s financial condition to be Fair.
BANKERS
Jordan National Bank
Jabal
PO Box : 1578
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 1993, subject is owned and managed by Mr Bassam Abdul
Latif Ezzah and Mr Jawad Ali Jabr who are well respected in the local business
community.
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$ 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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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%)