MIRA
INFORM REPORT
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Report Date : |
25.10.2007 |
IDENTIFICATION DETAILS
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Name : |
TECHNO KEMIYA |
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Registered Office : |
Nisreen Building, Al Hussein Ben Ali Street, Jabal Amman, P O
Box – 941913, Amman 11194, |
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Country : |
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Date of Incorporation : |
2005 |
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Legal Form : |
Mouassasa Khassa (Sole Proprietorship) |
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Line of Business : |
Engaged in the import and distribution of chemical products |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
US$ 50,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name :
TECHNO KEMIYA
Country of Origin :
Legal Form :
Sole Proprietorship
Registration Date :
2005
Invested Capital :
JD 5,000
Total Workforce :
3
Line of Business :
Distributors of chemical products.
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
COMPANY NAME
TECHNO KEMIYA
ADDRESS
Registered & Physical Address
Building :
Street :
Area : Jabal
PO Box : 941913
Town :
Country :
Telephone : (962-6) 5659916
Facsimile : (962-6)
5663773
Email : techken@wanadoo.jo
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
Jamal Yasin Al Fakeeh Proprietor
& General Manager
LEGAL FORM &
OWNERS
Date of Establishment : 2005
Legal Form :
Mouassasa Khassa (Sole Proprietorship)
Invested Capital : JD
5,000
Mr Jamal Yasin Al Fakeeh 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 chemical products.
Import Countries :
Subject has a workforce of 3 employees.
FINANCIAL
HIGHLIGHTS
Companies registered in
BANKERS
Standard Chartered Bank
Shmeisani
Tel : (962-6) 5607201
Fax : (962-6) 5679115
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 engaged in the import and distribution
of chemical products..
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. |
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%)