MIRA
INFORM REPORT
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Report Date : |
31.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
AL
SAYED MOHD AL ASTAL |
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Registered Office : |
Jabal
Al Hussein, P O Box 20777, Amman 11118 |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
1991 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged
in the wholesale and retail of ready made garments, textiles and fabrics. |
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$
100,000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : AL SAYED MOHD AL ASTAL
Country of Origin : Jordan
Legal Form : Sole Proprietorship
Registration Date : 1991
Invested Capital : JD 10,000
Total Workforce : 6
Line of Business : Wholesalers and retailers of ready made garments,
textiles and fabrics.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
AL SAYED
MOHD AL ASTAL
ADDRESS
Registered & Physical Address
Location : Jabal Al Hussein
PO Box : 20777
Town : Amman 11118
Country : Jordan
Telephone : (962-6) 4654386
Facsimile : (962-6) 4654386
Email : ramatex@go.com.jo
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
·
Al
Sayed Mohd Al Astal Proprietor
& General Manager
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Ibrahim
Al Sayed Mohd Al Astal Assistant
General Manager
LEGAL FORM &
OWNERS
Date of Establishment : 1991
Legal Form : Mouassasa Khassa (Sole Proprietorship)
Invested
Capital : JD 10,000
Mr Al
Sayed Mohd Al Astal 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
wholesale and retail of ready made garments, textiles and fabrics.
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 550,000 JD
590,000
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
Acc No. 0108-405985-9/515
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Established
in 1991, subject is owned and managed by Mr Al Sayed Mohd Al Astal who is well
respected in the local business community.
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$ 100,000
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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