MIRA
INFORM REPORT
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Report Date : |
31.05.2007 |
IDENTIFICATION DETAILS
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Name : |
AL HASHEM IMPORT
& EXPORT ESTABLISHMENT |
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Registered Office : |
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Country : |
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Date of Incorporation : |
22nd March 2001 |
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Com. Reg. No.: |
124833, |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in the import
and distribution of ready made garments, building materials, general
foodstuff products and electrical appliances. |
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$ 50,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : AL HASHEM IMPORT & EXPORT ESTABLISHMENT
Also Known As : B T C
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 22nd March 2001
Commercial Registration Number :
124833,
Invested Capital : JD 5,000
Total Workforce : 4
Line of Business : Distributors of ready made garments, building materials, general
foodstuff products and electrical appliances.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
AL HASHEM IMPORT
& EXPORT ESTABLISHMENT
ALSO KNOWN AS
B T C
ADDRESS
Registered & Physical Address
Building : Zaghareed Building
Area : Hashmi Shamali
PO Box : 911545
Town :
Country : Jordan
Telephone : (962-6) 5526827
Facsimile : (962-6) 5539622
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
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Ibrahim
Abdul Kareem Hashem Proprietor
& General Manager
LEGAL FORM &
OWNERS
Date of Establishment : 22nd
March 2001
Legal Form :
Mouassasa Khassa (Sole
Proprietorship)
Commercial Reg. No. : 124833, Amman
Invested Capital
: JD 5,000
Mr Ibrahim Abdul
Kareem Hashem 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
ready made garments, building materials, general foodstuff products and
electrical appliances.
Import Countries
: Europe and the Far East.
Subject has a
workforce of 4 employees.
FINANCIAL HIGHLIGHTS
Companies registered
in Jordan are not legally required to make their accounts public and no
financial information was released by the company or submitted by outside
sources.
BANKERS
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Jordan
National Bank
Jabal Amman Branch
PO Box : 1578
Amman 11118
Tel : (962-6) 5642391
Fax : (962-6) 5628809
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 Ibrahim Abdul Kareem Hashem who is well
respected in the local business community.
Local sources
report that payment obligations are met in a generally timely manner and the
operating history is clear. As such the company is deemed a fair trade risk.
Maximum suggested
credit figure: US$ 50,000
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%)