MIRA
INFORM REPORT
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Report Date : |
29th
December, 2006 |
IDENTIFICATION
DETAILS
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Name : |
WOODS VALLEY EST |
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Registered Office : |
Talal
Al Ali, PO Box: 3173, Amman 11953, Jordan |
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Country : |
Jordan |
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Date of Incorporation : |
1998 |
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Legal Form : |
Mouassasa
Khassa (Sole Proprietorship) |
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Line of Business : |
Importer and Distributor of building
materials, timber and general foodstuff products. |
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
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Company Name |
WOODS VALLEY EST |
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Country of Origin |
Jordan |
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Legal Form |
Sole Proprietorship |
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Registration Date |
1998 |
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Invested Capital |
JD 10,000 |
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Total Workforce |
3 |
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Line of Business |
Distributors of building materials, timber and general foodstuff products. |
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Financial Condition |
Fair |
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Payments |
Nothing detrimental uncovered |
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Operating Trend |
Steady |
COMPANY NAME
WOODS
VALLEY EST
ADDRESS
Registered & Physical Address
Location : Talal Al Ali
PO Box : 3173
Town : Amman 11953
Country : Jordan
Telephone : (962-6) 5695359
Facsimile : (962-6) 5695359
Mobile : (962-79) 5127586
Email : iraqfood@yahoo.com
Premises
Subject
operates from a small suite of offices and a warehouse that are rented and
located in the Central Business Area of Amman.
KEY PRINCIPALS
·
Haider
Al Khafaf Proprietor
& General Manager
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Fadi
Al Qassim Assistant
General Manager
LEGAL FORM & OWNERS
Date of Establishment : 1998
Legal Form : Mouassasa Khassa (Sole Proprietorship)
Invested
Capital : JD 10,000
Mr
Haider Al Khafaf 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 building materials, timber and general
foodstuff products.
Import
Countries :
Europe and GCC countries.
Operating
Trend : Steady
Subject
has a workforce of 3 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 515,000 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
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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 1998, subject is owned and managed by Mr Haider Al Khafaf who is well
respected in the local business community.
Local
sources report that the subject’s operating history is clear with payment
obligations met in a generally timely manner. The financial position is
satisfactory and the business is deemed 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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