MIRA
INFORM REPORT
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Report Date : |
03.07.2007 |
IDENTIFICATION DETAILS
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Name : |
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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 : |
8th January 2001 |
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Com. Reg. No.: |
6477, |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Engaged in the
wholesale and retail of general foodstuff products and beverages. |
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 :
Country of Origin :
Legal Form : Limited Liability Partnership
Registration Date : 8th January 2001
Commercial Registration Number :
6477,
Issued Capital : JD 5,000
Paid up Capital : JD 5,000
Total Workforce : 8
Line of Business : Wholesalers and retailers of general foodstuff products and beverages.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
ADDRESS
Registered & Physical Address
Street : Dead Sea Highway
Area : Umm Al Qutain Area
PO Box : 251, Naour
1966, Amman
Town : Naour 11710
Country : Jordan
Telephone : (962-6) 5728701
Facsimile : (962-6) 5728704
Premises
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Naour.
KEY PRINCIPALS
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Samer
Jadallah Jawabarah Managing
Partner
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Thamer
Jadallah Jawabarah Partner
LEGAL FORM &
OWNERS
Date of Establishment : 8th
January 2001
Legal Form :
Sharikat Tadhamum Bill
Asshum (Limited Liability
Partnership)
Commercial Reg. No. : 6477, Amman
Issued Capital : JD 5,000
Paid up Capital : JD 5,000
Name of Partner (s)
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Samer
Jadallah Jawabarah
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Thamer
Jadallah Jawabarah
Note to the Legal Form
A Limited Liability Partnership in
LINE OF BUSINESS
Operations : Engaged in the wholesale and retail of
general foodstuff products and beverages.
Import Countries
: Europe and GCC countries.
Operating Trend
: Steady
Subject has a
workforce of 8 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 810,000 JD 875,000
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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Housing
Bank
Parliament Street
PO Box : 7693
Amman
Tel: (962-6) 5667126
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the
credit figure of US$ 150,000
Established in
2001, subject is owned and managed by Mr Samer Jadallah Jawabarah and his
brother, Mr Thamer Jadallah Jawabarah who are both 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 and the above credit figure is
deemed admissible.
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%)