MIRA
INFORM REPORT
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Report Date : |
14.08.2007 |
IDENTIFICATION DETAILS
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Name : |
ABDUL RAZZAQ KHALIL NEMER MEQBEL |
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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 : |
03.02.2005 |
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Com. Reg. No.: |
157421, |
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Legal Form : |
Mouassasa Khassa (Sole Proprietorship) |
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Line of Business : |
Engaged in the import and distribution of general
foodstuff products, including tea, rice, beans and edible oils |
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$ 200,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : ABDUL RAZZAQ KHALIL NEMER MEQBEL
Doing Business As :
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 3rd February 2005
Commercial Registration Number :
157421,
Invested Capital : JD 5,000
Total Workforce : 10
Line of Business : Distributors of general foodstuff products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
ABDUL RAZZAQ KHALIL NEMER MEQBEL
DOING BUSINESS AS
ADDRESS
Registered & Physical Address
Street :
Area : Yarmouk Area
PO Box : 410489
Town :
Country :
Telephone : (962-6) 4923355
Facsimile : (962-6) 4910580
Premises
Subject operates from a small suite of offices and a showroom that are rented and located in the Central Business Area of Amman.
KEY PRINCIPALS
Abdul Razzaq Khalil Nemer Meqbel Proprietor & General Manager
LEGAL FORM &
OWNERS
Date of Establishment : 3rd February 2005
Legal Form : Mouassasa Khassa (Sole Proprietorship)
Commercial Reg. No. :
157421,
Invested Capital : JD 5,000
Mr Abdul Razzaq Khalil Nemer Meqbel is the sole proprietor of the business.
Note to the Legal Form
Commonly referred to as an establishment, the Company Law defines Mouassasa Khassa as the business of an individual where liability for all debts is unlimited. The business is the entire responsibility of its proprietor, who is liable for all its debts to the extent of his entire wealth. There are no legal requirements concerning the amount of capital of a sole proprietor.
LINE OF BUSINESS
Operations : Engaged in the import and distribution of general foodstuff products, including tea, rice,
beans and edible oils.
Import Countries :
Brand Names : DEWAN
Subject has a workforce of 10 employees.
FINANCIAL HIGHLIGHTS
Financial highlights provided by outside sources are given below :
Currency : Jordanian Dinars (JD)
Year Ending 31/12/06 :
Total Revenue JD 2,127,000
Total Assets JD 354,500
Stock JD 155,980
Local sources consider subject’s financial condition to be Fair.
BANKERS
Bank of Jordan Ltd
PO Box : 37
Tel : (962-6) 5630301
Fax : (962-6) 5638889
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the credit figure of US$ 150,000:
Established in 2005, subject is owned and managed by Mr Abdul Razzaq Khalil Nemer Meqbel who is 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 business 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$ 200,000
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. |
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%)