MIRA
INFORM REPORT
|
Report Date : |
20.07.2007 |
IDENTIFICATION DETAILS
|
Name : |
ABDUL FATTAH
ABDEL HAMEED HRAIZ EST |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
11th January 2005 |
|
|
|
|
Com. Reg. No.: |
156944, |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Engaged in the import
and distribution of general foodstuff products, herbs and spices. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
Maximum Credit Limit : |
US$ 6,000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
SUMMARY
Company Name : ABDUL FATTAH ABDEL HAMEED HRAIZ EST
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 11th January 2005
Commercial Registration Number :
156944,
Invested Capital : JD 5,000
Total Workforce : 3
Line of Business : Distributors of general foodstuff products, herbs and spices.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
ABDUL FATTAH ABDEL
HAMEED HRAIZ EST
ADDRESS
Registered & Physical Address
Street :
Area :
PO Box : 20824
Town :
Country :
Telephone : (962-6) 4637552
Facsimile : (962-6) 4613133
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
·
Abdul
Fattah Abdel Hameed Hraiz Proprietor
& General Manager
LEGAL FORM &
OWNERS
Date of Establishment : 11th
January 2005
Legal Form :
Mouassasa Khassa (Sole
Proprietorship)
Commercial Reg. No. : 156944,
Invested Capital
: JD 5,000
Mr Abdul Fattah
Abdel Hameed Hraiz 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
general foodstuff products, herbs and spices.
Import Countries
: Europe and the
Subject has a
workforce of 3 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency :
Jordanian Dinars (JD)
Year Ending
31/12/06 :
Total Revenue JD 53,131
Total Assets JD 49,588
Stock JD 24,795
Local sources
consider subject’s financial condition to be Fair.
BANKERS
·
Arab
Bank Plc
Shmeisani Branch
PO Box : 950545 & 950544
Tel : (962-6) 5607231 / 5607115
Fax : (962-6) 5606793 / 5606830
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the
credit figure of US$ 150,000:
Established in 2005,
subject is owned and managed by Mr Abdul Fattah Abdel Hameed Hraiz who is well
respected in the local business community.
The above credit
figure is higher than transactions previously seen and a measure of caution
would be prudent.
Maximum suggested
credit figure: US$ 6,000
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)