MIRA
INFORM REPORT
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Report Date : |
20.07.2007 |
IDENTIFICATION DETAILS
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Name : |
HISHAM ALI DIAB
AL ZUBI & PARTNERS CO |
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Registered Office : |
Sweifieh Area, |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
17th July 1991 |
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Com. Reg. No.: |
56252, |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Engaged in the import,
wholesale and retail of general foodstuff products and confectionery items. |
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 : HISHAM ALI DIAB AL ZUBI & PARTNERS CO
Trading As : AL ZANBAQA EST FOR IMPORT & EXPORT
Country of Origin :
Legal Form : Limited Liability Partnership
Registration Date : 17th July 1991
Commercial Registration Number :
56252,
Issued Capital : JD 30,000
Paid up Capital : JD 30,000
Total Workforce : 15
Line of Business : Import, wholesale and retail of general foodstuff
products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
HISHAM ALI DIAB AL
ZUBI & PARTNERS CO
TRADING AS
AL ZANBAQA EST FOR
IMPORT & EXPORT
ADDRESS
Registered & Physical Address
Location : Sweifieh Area
PO Box : 850918
Town :
Country : Jordan
Telephone : (962-6) 4202225 / 4202227 / 5825553 /
5693951
Facsimile : (962-6) 4200063 / 5825358
Email : zanbaqa@index.com.jo
Premises
Subject operates
from a small suite of offices and a retail outlet with storage facilities that
are rented and located in the Central Business Area of Amman.
KEY PRINCIPALS
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Hisham
Ali Diab Al Zubi Managing
Partner
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Essam
Ali Diab Al Zubi Partner
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Muhanad
Ali Diab Al Zubi Partner
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Marwan
Nazal Commercial
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 17th
July 1991
Legal Form :
Sharikat Tadhamum Bill
Asshum (Limited Liability
Partnership)
Commercial Reg. No. : 56252, Amman
Issued Capital : JD 30,000
Paid up Capital : JD 30,000
Name of Partner (s)
·
Hisham
Ali Diab Al Zubi
·
Essam
Ali Diab Al Zubi
·
Muhanad
Ali Diab Al Zubi
Note to the Legal Form
A Limited Liability Partnership in
LINE OF BUSINESS
Operations : Engaged in the import, wholesale and retail
of general foodstuff products and confectionery items.
Import Countries
: United States of America
and Oman
International
Suppliers :
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American
Gardens United States of
America
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Sweets
of Oman Oman
Operating Trend
: Steady
Subject has a
workforce of 15 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 850,000 JD 935,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
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Arab
Bank Plc
Mecca Street
Swaifyah
PO Box : 141108
Amman
Tel : (962-6) 5817146 / 5816524
Fax : (962-6) 5825669
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
Date of transaction October 2004
Credit amount 26,000
Amount overdue 0
Payment terms 60
days
Payment Method Letters
of Credit
Paying record No
Complaints
Currency US
Dollars
GENERAL COMMENTS
Opinion on the
credit figure of US$ 150,000:
Hisham Ali Diab Al
Zubi & Partners Co has been in business for over 16 years and is engaged in
the import, wholesale and retail of general foodstuff products, particularly
confectionery items.
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
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%)