MIRA
INFORM REPORT
|
Report Date : |
31.03.2007 |
IDENTIFICATION
DETAILS
|
Name : |
HEIRS OF SALEEM
KHALIL KHARRAZ COMPANY |
|
|
|
|
Registered Office : |
Sahab Street, No.
16, King Abdullah 2nd Industrial Estate, P O Box 140, Amman 11512 |
|
|
|
|
Country : |
Jordan |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
1990 |
|
|
|
|
Com. Reg. No.: |
10155, Amman |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Engaged in the manufacture
of printing inks. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
US$ 250,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
SUMMARY
Company Name : HEIRS OF SALEEM KHALIL KHARRAZ COMPANY
Also Known As : MEDIA LINKS
Country of Origin : Jordan
Legal Form : Limited Liability Company
Start Date : 1990
Registration Date : 29th May 2005
Commercial Registration Number : 10155, Amman
Issued Capital : JD 435,000
Paid up Capital : JD 435,000
Total Workforce : 25
Line of Business : Manufacturers of printing inks.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
HEIRS OF SALEEM
KHALIL KHARRAZ COMPANY
ALSO KNOWN AS
MEDIA LINKS
ADDRESS
Registered & Physical Address
Street : Sahab Street, No. 16
Area : King Abdullah 2nd
Industrial Estate
PO Box : 140
Town : Amman 11512
Country : Jordan
Telephone : (962-6) 4022972 / 4023598
Facsimile : (962-6) 4022973
Mobile : (962-79) 5402411
Email : medialinks@index.com.jo
Premises
Subject operates
from a medium sized suite of offices and a factory that are rented and located
in the Industrial Area of Amman.
KEY PRINCIPALS
·
Khalil Salim Khalil
Kharraz Managing
Director
·
Raed Salim
Khalil Kharraz Director
·
Enam Salim
Khalil Kharraz Director
·
Randa Wael
Barghouti Director
·
Hasan Abu
Ghosh Sales
Manager
·
Bilal Omar Production
Manager
·
Saleem Badri Finance
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 1990, however
subject was registered on 29th May 2005.
Legal Form :
Sharikat Thet Massouliya
Mahdoudeh (Limited
Liability Company)
Commercial Reg. No. : 10155, Amman
Issued Capital : JD 435,000
Paid up Capital : JD 435,000
Name of Shareholder
(s) Percentage
·
Khalil Salim
Khalil Kharraz 33.7%
·
Raed Salim
Khalil Kharraz 33.7%
·
Enam Salim
Khalil Kharraz 19.7%
·
Randa Wael
Barghouti 12.9%
Note to the Legal Form
A Limited Liability Company is defined in the Company Law as a company incorporated with a minimum of two and maximum of fifty shareholders, each responsible only for the liabilities of the company to the extent of their share participation in the capital of the company.
LINE OF BUSINESS
Operations : Engaged in the manufacture of printing
inks.
Import Countries
: Germany, United Kingdom,
India and the United States of America.
Export Countries
: Yemen, Syria, Iraq,
Sudan, Algeria and Egypt.
Operating Trend
: Steady
Subject has a
workforce of 25 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 1,772,500 JD
1,878,840
Total Assets JD 1,060,000 JD
1,060,000
Stock JD 198,520 JD 212,700
Local sources
consider subject’s financial condition to be Fair.
BANKERS
·
Arab Bank Plc
Abu Nameh Building
Jabal Amman
PO Box : 2711
Amman
Tel : (962-6) 5629479
Fax : (962-6) 5655812
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the
credit figure of US$ 150,000:
Established in
1990, subject is owned and managed by the heirs of Mr Saleem Khalil Kharraz and
is involved in the manufacture of printing inks.
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
deemed to be within subject’s financial means.
Maximum suggested
credit figure: US$ 250,000
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%)