MIRA
INFORM REPORT
|
Report Date : |
06.02.2008 |
IDENTIFICATION
DETAILS
|
Name : |
FEDA AL BATE & FAYZA AKKAD |
|
|
|
|
Registered Office : |
Commercial Area, PO Box 8123, Amman 11121 |
|
|
|
|
Country : |
Jordan |
|
|
|
|
Date of Incorporation : |
26.11.2000 |
|
|
|
|
Com. Reg. No.: |
57801, Amman |
|
|
|
|
Legal Form : |
General Partnership |
|
|
|
|
Line of Business : |
Wholesalers and Retailers of Ready Made Garments. |
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 : FEDA AL BATE & FAYZA AKKAD
Doing Business As : SEVEN PILLERS TRADING EST
Country of Origin : Jordan
Legal Form : General Partnership
Registration Date : 26th November 2000
Commercial Registration Number : 57801, Amman
Partners Capital : JD 5,000
Total Workforce : 7
Line of Business : Wholesalers and retailers of ready made garments.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
FEDA AL BATE & FAYZA AKKAD
DOING BUSINESS AS
SEVEN PILLERS TRADING EST
ADDRESS
Physical Address
Location : Commercial
Area
PO Box : 8123
Town : Amman 11121
Country : Jordan
Telephone : (962-6) 5676150
Facsimile : (962-6)
5676150
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
· Feda Yousef Hashem
Al Bate Managing
Partner
· Fayza Ahmed Khalil
Akkad Partner
LEGAL FORM & OWNERS
Date of
Establishment : 26th
November 2000
Legal Form : Sharikat Al Tadhamun
(General Partnership)
Commercial Reg.
No. : 57801, Amman
Partners Capital : JD 5,000
Name of Partner (s)
· Feda Yousef Hashem
Al Bate
· Fayza Ahmed Khalil
Akkad
Note to the Legal Form
A General Partnership in Jordan may be formed by a minimum of two and a maximum of twenty natural persons. The partners assume unlimited personal liability for the debt of the partnership jointly and severally amongst themselves. Creditors may claim the debts from either the company as a separate legal entity or from the general partners. Each partner is entitled to take part in the management of the partnership, although the partnership agreement normally provides for its authorised representative and signatory.
There are no
legal requirements concerning the amount of capital of a general partnership.
The shares of each partner, presented in cash, kind or rights, must not be
issued in the form of negotiable instruments, nor can they be transferred or
assigned without the unanimous approval of the partners unless the memorandum
specifically provides otherwise.
LINE OF BUSINESS
Operations : Engaged in the wholesale and retail of ready made
garments.
Import Countries : Europe and the Far East.
Subject has a workforce of 7 employees.
FINANCIAL HIGHLIGHTS
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
·
Jordan Kuwait Bank
Abdali Branch
PO Box : 9776
Amman
Tel : (962-6) 5688814
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Established in 2000, subject is involved in the wholesale and retail of
ready made garments.
Local informants reported that the contact number provided above was
tried on numerous occasions but remained unanswered.
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.
Maximum suggested credit figure: US$ 50,000
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%)