MIRA
INFORM REPORT
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Report Date : |
15.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
MOHAMED YOUSEF ALI JUHMA |
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Registered Office : |
Abdul Qader Al Hussaini Street, PO Box 4618, Irbid |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
2004 |
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Com. Reg. No.: |
3566/1 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import and Distribution of Textiles and Fabrics. |
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 : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : MOHAMED YOUSEF ALI JUHMA
Country of Origin : Jordan
Legal Form : Sole Proprietorship
Registration Date : 2004
Commercial Registration Number : 3566/1
Invested Capital : JD 5,000
Total Workforce : 3
Activities : Import and distribution of textiles and fabrics.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
MOHAMED YOUSEF ALI JUHMA
ADDRESS
Registered & Physical Address
Location : Abdul Qader Al Hussaini Street
PO Box : 4618
Town : Irbid
Country : Jordan
Telephone : (962-2) 7218875
Facsimile : (962-2) 7251750
Mobile : (962-77) 728741
Premises
Subject operates from a small suite of offices and a warehouse that are
rented and located in the Central Business Area of Irbid.
KEY PRINCIPALS
Name Position
· Mohamed
Yousef Ali Juma Proprietor
& General Manager
LEGAL FORM & OWNERS
Date of
Establishment : 2004
Legal Form : Sole
Proprietorship
Commercial Reg.
No. : 3566/1
Invested Capital : JD 5,000
Mr Mohamed Yousef Ali Juma is the sole
proprietor of the business.
OPERATIONS
Activities: Engaged in the import and distribution of textiles and fabrics.
Import Countries: Turkey, Pakistan, India and China.
Operating Trend: Steady
Subject has a workforce of 3 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
1,600,000 JD
2,000,000
Local sources consider subject’s financial condition to be Fair.
BANKERS
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Arab Bank Plc
King Abdullah
Square
PO Box : 16
Irbid
Tel : (962-2)
7242251
Fax : (962-2)
7277596
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 and
the above credit figure is within subject’s financial means.
The financial data in the report was confirmed by Mr Mohamed Yousef Ali Juma - Proprietor
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%)