MIRA
INFORM REPORT
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Report Date : |
29.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
KALBOUNEH BROTHERS TRADING EST |
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Registered Office : |
Marka Al Shamalia
Area, PO Box 330257 & 850249, Amman 11133 |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
19.02.1998 |
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Com. Reg. No.: |
48740, Amman |
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Legal Form : |
General Partnership |
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Line of Business : |
Import and Distribution of Raw
Materials |
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 : KALBOUNEH BROTHERS TRADING EST
Also Known As : KAMAL KALBOUNEH & PARTNER
Country of Origin : Jordan
Legal Form : General Partnership
Registration Date : 19th February 1998
Commercial Registration Number : 48740, Amman
Chamber Membership Number : 70688
Partners Capital : JD 30,000
Total Workforce : 10
Activities : Import and distribution of raw materials
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
KALBOUNEH BROTHERS
TRADING EST
ALSO KNOWN AS
KAMAL
KALBOUNEH & PARTNER
ADDRESS
Registered & Physical Address
Location : Marka Al Shamalia Area
PO Box : 330257 & 850249
Town : Amman 11133
Country : Jordan
Telephone : (962-6) 4894732
/ 4897522
Facsimile : (962-6) 4894732
Email : kamal_kalbouneh@yahoo.com
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Suburban Business Area of Amman.
KEY PRINCIPALS
Name Nationality Position
·
Kamal
Mohamed Walid Kalbouneh Jordanian Managing Partner
·
Zaid
Mohamed Walid Kalbouneh Jordanian Partner
LEGAL FORM & OWNERS
Date of Establishment : 19th
February 1998
Legal Form :
General Partnership
Commercial Reg. No. : 48740, Amman
Chamber Member No. : 70688
Partners Capital : JD 30,000
Name of Partners (s)
·
Kamal
Mohamed Walid Kalbouneh
·
Zaid
Mohamed Walid Kalbouneh
AFFILIATED COMPANIES
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Steel
Pipe Manufacturing Co
Amman
Jordan
OPERATIONS
Activities: Engaged in the import
and distribution of raw materials including aluminium sheets, metal and
stainless steel.
Import
Countries: China and India
Operating Trend: Steady
Subject has a
workforce of 10 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 1,400,000 JD 1,550,000
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
business is considered to be a fair trade risk and the above credit figure is
within subject’s financial means.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.54 |
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UK Pound |
1 |
Rs.84.86 |
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Euro |
1 |
Rs.66.95 |
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%)