MIRA
INFORM REPORT
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Report Date : |
11.07.2007 |
IDENTIFICATION DETAILS
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Name : |
KALHA
HOME FABRICS |
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Registered Office : |
Al
Neimat Commercial Complex, |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
21 January, 2003 |
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Com. Reg. No.: |
65767 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Engaged in the import and retail of fabrics and upholstery for curtains. |
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$ 75,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : KALHA HOME FABRICS
Also Known As : ZAKI KALHA AND SONS COMPANY
Country of Origin :
Legal Form : Limited Liability Partnership
Registration Date : 21st January 2003
Commercial Registration Number : 65767
Issued Capital : JD 5,000
Paid up Capital : JD 5,000
Total Workforce : 6
Line of Business : Import and retail of fabrics and upholstery for curtains.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
KALHA
HOME FABRICS
ALSO KNOWN AS
ZAKI KALHA
AND SONS COMPANY
ADDRESS
Registered & Physical Address
Building : Al
Neimat Commercial Complex
Street : Mecca
Street
PO Box : 851704
Town :
Country : Jordan
Telephone : (962-6) 5816164
Facsimile : (962-6) 5821911
Email : info@kalha.com
Premises
Subject operates
from a suite of offices and a showroom covering an area of 1,900 square metres
that are rented and located in the Central Business Area of Amman.
Branch Office (s)
Location Description
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Sweifieh Area Owned
warehouse
Amman covering an area of
220
square metres
KEY PRINCIPALS
Name Nationality Position
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Zaki Naim Al Kalha Jordanian Managing
Partner
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Naim Zaki Al Kalha Jordanian Partner
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Mohamed Zaki Al Kalha Jordanian Partner
LEGAL FORM &
OWNERS
Date of Establishment : 21st
January 2003
Legal Form :
Sharikat Tadhamum Bill
Asshum (Limited Liability
Partnership)
Commercial Reg. No. : 65767
Issued Capital : JD 5,000
Paid up Capital : JD 5,000
Name of Partner (s) Percentage
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Zaki Naim Al Kalha 60%
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Naim Zaki Al Kalha 20%
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Mohamed Zaki Al Kalha 20%
Note to the Legal Form
A Limited Liability Partnership in
LINE OF BUSINESS
Operations : Engaged in the import
and retail of fabrics and upholstery for curtains.
Import Countries
: Italy,
Spain, Germany, Turkey, France and Belgium.
International
Suppliers :
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Piere Cardden Germany
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Elvo Germany
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 31/12/05: Year
Ending 31/12/06:
Total Revenue JD 815,000 JD 850,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
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Arab Bank Plc
PO Box 68
Amman
Tel: (962-6) 4638161
Fax: (962-6)
4637082
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Kalha
Home Fabrics was established in 2003 and has made steady progress in the local
market specialising in the import and retail of fabrics and upholstery for curtains.
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$ 75,000
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%)