MIRA
INFORM REPORT
|
Report Date : |
23.12.2008 |
IDENTIFICATION DETAILS
|
Name : |
HISHAM ALI DIAB AL ZOUBI & PARTNERS CO |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Year of Establihsment : |
1991 |
|
|
|
|
Com. Reg. No.: |
56252 |
|
|
|
|
Legal Form : |
General Partnership |
|
|
|
|
Line of Business : |
Import, Wholesale and Retail of General Foodstuff Products |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
US$ 200,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
SUMMARY
Company Name : HISHAM
ALI DIAB AL ZOUBI & PARTNERS CO
Doing Business As : AL ZANBAKA EST
Country of Origin :
Legal Form : General Partnership
Start Date : 1991
Registration Date : 31st May 2000
Commercial Registration Number : 56252
Partners Capital : JD 10,000
Total Workforce : 44
Activities : Import, wholesale and retail of general foodstuff products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 200,000
COMPANY NAME
HISHAM ALI
DIAB AL ZOUBI & PARTNERS CO
DOING
BUSINESS AS :
AL ZANBAKA EST
ADDRESS
Registered & Physical Address
Street :
Area : Sweifiyeh
PO Box : 850918
Town :
Country :
Telephone : (962-6) 5825556
Facsimile : (962-6) 5825558
Email : zanbaka@index.com.jo
Premises
Subject operates
from a medium sized suite of offices and a supermarket that are rented and
located in the Central Business Area of Amman.
Branch Office
(s)
Location Description
·
Mqablain
Area
Tel: (962-6) 4202255
/ 4202257 / 4200083
Fax:
(962-6) 4200063
KEY PRINCIPALS
Name Nationality Position
·
Hisham Ali Diab Al Zoubi Jordanian Managing Partner
·
Issam Ali Diab Al Zoubi Jordanian Partner
·
Nadim Ali Diab Al Zoubi Jordanian Partner
·
Wisam Ali Diab Al Zoubi Jordanian Partner
·
Ala'a Ali Diab Al Zoubi Jordanian Partner
·
Bassam Mustafa - Finance
Manager
·
Muhanad Al Zoubi - Sales
Manager
LEGAL FORM & OWNERS
Date of Establishment : Subject’s
operations date back to 1991, however it was registered on 31st May
2000.
Legal Form :
General Partnership
Commercial Reg. No. : 56252
Partners Capital : JD 10,000
Name of Partners (s) Percentage
·
Hisham Ali Diab Al Zoubi 27%
·
Issam Ali Diab Al Zoubi 27%
·
Nadim Ali Diab Al Zoubi 21%
·
Wisam Ali Diab Al Zoubi 15%
· Ala'a Ali Diab Al Zoubi 10%
OPERATIONS
Activities: Engaged in the import, wholesale and retail
of general foodstuff products.
Import
Countries:
Agencies held:
·
·
Golden West Nuts
·
Witors
·
Morinita
·
Dupon't Disigny
Operating Trend
: Steady
Subject has a
workforce of 44 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 5,000,000 JD 5,370,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Arab Bank Plc
Sweifiyeh
Tel:
(962-6) 5818667
Fax:
(962-6) 5818273
·
Bank of
Jordan Ltd
PO Box : 37
Tel : (962-6) 5630301
Fax : (962-6) 5638889
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
During the course
of this investigation nothing detrimental was uncovered regarding the manner in
which payment obligations are fulfilled. The operating history is clear and the
financial situation is satisfactory. As such we are of the opinion that the
subject is a fair trade risk and the above credit figure is within subject’s
financial means.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.49 |
|
|
1 |
Rs.71.89 |
|
Euro |
1 |
Rs.67.86 |
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%)