MIRA
INFORM REPORT
|
Report Date : |
15.04.2008 |
IDENTIFICATION
DETAILS
|
Name : |
ELLARY TRADING EST |
|
|
|
|
Registered Office : |
Wehdat Area, PO Box
620023, Amman 11162 |
|
|
|
|
Country : |
Jordan |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
09.12.1991 |
|
|
|
|
Com. Reg. No.: |
65707 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Wholesale and Retail of Ceramics
and Sanitary Ware. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
US$ 50,000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
SUMMARY
Company Name : ELLARY TRADING EST
Country of Origin : Jordan
Legal Form : Sole Proprietorship
Registration Date : 9th December 1991
Commercial Registration Number : 65707
Invested Capital : JD 5,500
Total Workforce : 10
Activities : Wholesale and retail of ceramics and sanitary ware.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 50,000
COMPANY NAME
ELLARY TRADING EST
ADDRESS
Registered & Physical Address
Location : Wehdat Area
PO Box : 620023
Town : Amman 11162
Country : Jordan
Telephone : (962-6) 4753186
Facsimile : (962-6) 4753704
Premises
Subject operates from a small suite of offices and a showroom that are
rented and located in the Central Business Area of Amman.
KEY PRINCIPALS
Name Position
· Atta
Yousf Ibrahim Sulaiman Proprietor
& General Manager
LEGAL FORM & OWNERS
Date of
Establishment : 9th December 1991
Legal Form : Sole
Proprietorship
Commercial Reg.
No. : 65707
Invested Capital : JD 5,500
Mr Atta Yousf Ibrahim Sulaiman is the
sole proprietor of the business.
OPERATIONS
Activities: Engaged in the wholesale and retail of ceramics
and sanitary ware.
Import Countries: Europe and China.
Operating Trend: Steady
Subject has a workforce of 10 employees.
FINANCIAL DATA
Financial highlights provided by local sources are given below:
Currency: Jordanian Dinars (JD)
Year
Ending 31/12/06: Year
Ending 31/12/07:
Sales JD
485,000 JD
550,000
Local sources consider subject’s financial condition to be Fair.
BANKERS
·
Jordan Islamic Bank
Shmeisani Branch
PO Box : 926225
Amman
Tel : (962-6)
5677377
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
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.
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. |
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%)