MIRA
INFORM REPORT
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Report Date : |
04.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
THE EGYPTIAN LUNA COMPANY |
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Registered Office : |
Zarqa Free Zone, Zarqa |
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Country : |
Jordan |
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Date of Incorporation : |
26.07.2004 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Import and Distribution of Raw Materials for the
Pharmaceuticals Industry. |
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$ 75,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : THE EGYPTIAN LUNA COMPANY
Country of Origin : Jordan
Legal Form : Limited Liability Company
Registration Date : 26th July 2004
Issued Capital : JD 50,000
Paid up Capital : JD 50,000
Total Workforce : 3
Activities : Import and distribution of raw materials for the pharmaceuticals industry.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 75,000
COMPANY NAME
THE EGYPTIAN LUNA COMPANY
ADDRESS
Registered & Physical Address
Location : Zarqa Free
Zone
Town : Zarqa
Country : Jordan
Telephone : (962-5) 3826507
Facsimile : (962-5)
3979013
Mobile : (962-79)
5315710
Email : lunaeg_free_zone_zarqajo@yahoo.com
Premises
Subject operates from a small suite of offices and a warehouse that are
rented and located in the Industrial Area of Zarqa.
KEY PRINCIPALS
Name Position
· Khalil Baqaein Managing
Director
· Mahmoud Fadel Al
Awad Director
LEGAL FORM & OWNERS
Date of
Establishment : 26th July 2004
Legal Form : Limited Liability
Company
Issued Capital : JD 50,000
Paid up Capital : JD 50,000
Name of Shareholder (s)
· Khalil Baqaein
· Mahmoud Fadel Al
Awad
OPERATIONS
Activities: Engaged in the import and distribution of raw materials for the
pharmaceuticals industry.
Import Countries: Egypt, Far East and India.
Export Countries: Iraq
Subject has a workforce of 3 employees.
FINANCIAL DATA
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
·
Arab Bank Plc
King Hussein
Street
PO Box : 145
Zarqa
Tel : (962-5)
3983381
Fax : (962-5)
3994522
·
Jordan National Bank
Jabal Amman Branch
PO Box : 1578
Amman 11118
Tel : (962-6)
5642391
Fax : (962-6)
5628809
·
HSBC Bank Middle East
Khalid Bin Walid
Street
Jebel Hussein
PO Box : 925286
Amman
Tel : (962-6)
5660471 / 5607471
Fax : (962-6)
5692964
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the credit figure of US$ 150,000:
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 company is considered to be a fair trade risk.
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%)