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MIRA
INFORM REPORT
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Report Date : |
27.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
KHALED DAWOOD
NATSHEH & PARTNERS COMPANY (AL OQAB) |
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Registered Office : |
Main Street,
Muqablain, P O Box 63, Amman 11591 |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
6th January 1991 |
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Com. Reg. No.: |
24585, Amman |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Import and distribution
of dried foodstuff products, including nuts, herbs and spices. |
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 : KHALED DAWOOD NATSHEH & PARTNERS COMPANY (AL OQAB)
Country of Origin : Jordan
Legal Form : Limited Liability Partnership
Registration Date : 6th January 1991
Commercial Registration Number : 24585, Amman
Membership Number : 31202
Issued Capital : JD 10,000
Paid up Capital : JD 10,000
Total Workforce : 35
Line of Business : Distributors of dried foodstuff products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
KHALED DAWOOD
NATSHEH & PARTNERS COMPANY (AL OQAB)
ADDRESS
Registered & Physical Address
Street : Main Street
Area : Muqablain
PO Box : 63
Town : Amman 11591
Country : Jordan
Telephone : (962-6) 4161620 / 4202230
Facsimile : (962-6) 4202236 / 4202230
Email : aloqabco@yahoo.com
Premises
Subject operates
from a small suite of offices that are owned and located in the Central
Business Area of Amman.
Branch Office (s)
Location Description
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Sahab
Industrial Area Warehouse
premises
Amman
Tel : (962-6) 4161620 /
4202238
Fax : (962-6) 4202236
KEY PRINCIPALS
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Abdulqader
Dawood El Natsheh Managing
Partner
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Khalid Dawood
El Natsheh Partner
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Abdulhameed
Dawood El Natsheh Partner
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Dawood Khaled
El Natsheh Partner
LEGAL FORM & OWNERS
Date of Establishment : 6th
January 1991
Legal Form :
Sharikat Tadhamum Bill
Asshum (Limited Liability
Partnership)
Commercial Reg. No. : 24585, Amman
Membership No. : 31202
Issued Capital : JD 10,000
Paid up Capital : JD 10,000
Name of Partner (s)
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Abdulqader
Dawood El Natsheh
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Khalid Dawood
El Natsheh
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Abdulhameed
Dawood El Natsheh
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Dawood Khaled
El Natsheh
Note to the Legal Form
A Limited Liability Partnership in Jordan is formed by at least one general partner and one limited partner. The total number of partners must not exceed twenty. The general partners assume unlimited personal liability for the debt of the partnership jointly and severally amongst themselves. The liability of the limited partners for the debt of the partnership is limited to their contributions to the capital of the partnership.
AFFILIATED COMPANIES
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Eqab Roasters
and Mills
Madaba Street
Al Wahdata Area, Al Muqablin
PO Box : 63
Amman 11591
Tel : (962-6) 4732803
Fax : (962-6) 4202236
LINE OF BUSINESS
Operations : Engaged in the import and distribution of
dried foodstuff products, including nuts, herbs and spices.
Import Countries
: Europe and GCC countries.
Operating Trend
: Steady
Subject has a
workforce of 35 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 1,850,000 JD 2,000,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
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Arab Bank Plc
Shmeisani Branch
PO Box : 950545 & 950544
Amman 11195
Tel : (962-6) 5607231 / 5607115
Fax : (962-6) 5606793 / 5606830
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
Date of transaction May 2006
Credit amount 14,000
Amount overdue 0
Payment terms 60
days
Payment Method Letters
of Credit
Paying record No
Complaints
Currency Pounds
Sterling
GENERAL COMMENTS
Opinion on the
credit figure of US$ 150,000
Established in
1991, subject is owned and managed by members of the Natsheh family who are
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 and
the above credit figure is considered to be 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. |
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%)