MIRA
INFORM REPORT
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Report Date : |
11.07.2007 |
IDENTIFICATION DETAILS
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Name : |
NATURAL CARE EST |
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Registered Office : |
Mecca
Mall, |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
20th October 2002 |
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Com. Reg. No.: |
45138 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged
in the wholesale and retail of personal hygiene products, cosmetics and perfumes. |
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 : NATURAL CARE EST
Also Known As : NATURAL CARE EST. FOR COSMETICS AND PERFUMES
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 20th October 2002
Commercial Registration Number : 45138
Invested Capital : JD 5,000
Total Workforce : 32
Line of Business :
Wholesale and retail of personal hygiene products,
cosmetics and perfumes.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
NATURAL CARE EST
ALSO KNOWN AS
NATURAL
CARE EST. FOR COSMETICS AND PERFUMES
ADDRESS
Registered & Physical Address
Building : Mecca
Mall
Street : Mecca
Street
PO Box : 2579
Town :
Country : Jordan
Telephone : (962-6) 5819647
Facsimile : (962-6) 5819714
Email : mohamad@naturalcare-nc.com
Premises
Subject operates
from a medium sized suite of offices and a showroom that are rented and located
in the Central Business Area of Amman.
Branch Office (s)
Location Description
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Amman
Mall Rented
shop
Amman
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Irbid Rented
shop
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Aqaba Rented
shop
KEY PRINCIPALS
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Mohamad Fathi Khalaf Al Shar'e Proprietor
& General Manager
LEGAL FORM &
OWNERS
Date of Establishment : 20th
October 2002
Legal Form :
Mouassasa Khassa (Sole
Proprietorship)
Commercial Reg. No. : 45138
Invested Capital
: JD 5,000
Mr Mohamad Fathi Khalaf Al Shar'e 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.
AFFILIATED COMPANIES
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Natural Care for
Amman
Jordan
LINE OF BUSINESS
Operations : Engaged in the
wholesale and retail of personal hygiene products, cosmetics and perfumes.
Import Countries
: United Kingdom and Turkey
Operating Trend
: Steady
Subject has a
workforce of 32 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 710,000 JD 815,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
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HSBC
Bank
5th Circle Branch
Amman
Tel: (962-6) 5518090
Fax: (962-6) 5512070
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the
credit figure of US$ 150,000:
Natural Care Est
specialises in the wholesale and retail of personal
hygiene products, cosmetics and perfumes.
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
business is considered to be a fair trade risk and the above credit figure is
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%)