MIRA
INFORM REPORT
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Report Date : |
26.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
HISHAM ALI DIAB AL ZOUBI & PARTNERS CO |
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Registered Office : |
Ali Nasouh Taher Street, Sweifiyeh,
PO Box 850918,,Amman
11185 |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
31.05.2000 |
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Com. Reg. No.: |
56252 |
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Legal Form : |
General Partnership |
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Line of Business : |
Import, Wholesale and Retail of General Foodstuff Products. |
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$ 200,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : HISHAM ALI DIAB AL ZOUBI & PARTNERS CO
Doing Business As : AL ZANBAKA EST
Country of Origin : Jordan
Legal Form : General Partnership
Start Date : 1991
Registration Date : 31st May 2000
Commercial Registration Number : 56252
Partners Capital : JD 10,000
Total Workforce : 38
Line of Business : Import, wholesale and retail of general foodstuff products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
HISHAM
ALI DIAB AL ZOUBI & PARTNERS CO
DOING BUSINESS AS
AL ZANBAKA EST
ADDRESS
Registered & Physical Address
Street : Ali Nasouh Taher Street
Area : Sweifiyeh
PO Box : 850918
Town : Amman 11185
Country : Jordan
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
· Zaid
Bin Al Dothnah Street Rented
office & warehouse
Mqablain
Area
Amman
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 : Sharikat Al
Tadhamun (General Partnership)
Commercial Reg.
No. : 56252
Partners Capital : JD 10,000
Name of Partner (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%
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 import, wholesale and retail of
general foodstuff products.
Import Countries : United States of America, United Kingdom, Italy,
Spain and Greece.
Agencies held:
· American
Garden United States of
America
· Golden
West Nuts United States of
America
· Witors Italy
· Morinita Greece
· Dupon't
Disigny France
Operating Trend : Steady
Subject has a workforce of 38 employees.
FINANCIAL HIGHLIGHTS
Financial highlights provided by outside sources are given below :
Currency : Jordanian Dinars (JD)
Year
Ending 31/12/05: Year
Ending 31/12/06:
Total Revenue JD
4,680,000 JD
5,000,000
Local sources consider subject’s financial condition to be Fair.
BANKERS
·
Arab Bank Plc
Sweifiyeh
Amman
Tel:
(962-6) 5818667
Fax:
(962-6) 5818273
·
Bank of Jordan Ltd
King Hussain Street
PO Box : 37
Amman
Tel : (962-6) 5630301
Fax : (962-6) 5638889
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the credit figure of US$ 150,000:
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.
Maximum suggested credit figure: US$ 200,000
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%)