MIRA
INFORM REPORT
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Report Date : |
17.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
KHADER AL AMOURI & SONS |
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Registered Office : |
Amman-Zarqa
Highway, Marka Bridge, PO Box 330673, Amman 11134 |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
08.01.2001 |
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Com. Reg. No.: |
58127, Amman |
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Legal Form : |
General Partnership |
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Line of Business : |
Wholesalers of General Foodstuff |
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 : KHADER AL AMOURI & SONS
Also Known As : AL SAFA MILL
Country of Origin : Jordan
Legal Form : General Partnership
Registration Date : 8th January 2001
Commercial Registration Number : 58127, Amman
Chamber Membership Number : 92445
Partners Capital : JD 12,000
Total Workforce : 35
Activities : Wholesalers of general foodstuff
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
KHADER AL AMOURI
& SONS
ALSO
KNOWN AS: AL
SAFA MILL
ADDRESS
Registered & Physical Address
Location : Amman-Zarqa
Highway, Marka Bridge
PO Box : 330673
Town : Amman
11134
Country : Jordan
Telephone : (962-6) 4886042
/ 4886043
Facsimile : (962-6) 4886043
Email : info@kh-amouri.com
Premises
Subject operates from
a medium sized suite of offices and a warehouse that are rented and located in
the Central Business Area of Amman.
KEY PRINCIPALS
Name Position
·
Khader
Taleb Al Amouri Managing
Partner
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Gaafar
Khader Taleb Al Amouri Partner
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Samir
Khader Taleb Al Amouri Partner
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Ayman
Khader Taleb Al Amouri Partner
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Mahmoud
Khader Taleb Al Amouri Partner
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Ashraf Khader
Taleb Al Amouri Partner
LEGAL FORM & OWNERS
Date of Establishment : 8th
January 2001
Legal Form :
General Partnership
Commercial Reg. No. : 58127, Amman
Chamber Member No. : 92445
Partners Capital : JD 12,000
Name of Partners (s)
·
Khader
Taleb Al Amouri
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Gaafar
Khader Taleb Al Amouri
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Samir
Khader Taleb Al Amouri
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Ayman
Khader Taleb Al Amouri
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Mahmoud
Khader Taleb Al Amouri
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Ashraf Khader
Taleb Al Amouri
OPERATIONS
Activities: Engaged as wholesalers of general foodstuff including spices, sesame seeds, edible
oils and coffee.
Import
Countries: India and China
Brand Names: ALSAFA
Operating Trend: Steady
Subject has a
workforce of 35 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:
Total Sales JD 1,800,000 JD 2,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
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
Email : secretariat@arabbank.com.jo
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
company is considered to be a fair trade risk.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.33 |
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UK Pound |
1 |
Rs.73.92 |
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Euro |
1 |
Rs.66.69 |
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%)