MIRA
INFORM REPORT
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Report Date : |
24.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
HEIRS OF SUBHI MUKBEL COMPANY |
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Registered Office : |
Al
Yamook Street, Wadi Al Naser Area, PO Box 6931, Amman 11118 |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
02.05.1997 |
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Com. Reg. No.: |
46239, Amman |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale and Distribution of
Edible Oils |
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$ 500,000 |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : HEIRS OF SUBHI MUKBEL COMPANY
Country of Origin : Jordan
Legal Form : Limited Liability Company
Registration Date : 2nd May 1997
Commercial Registration Number : 46239, Amman
Chamber Membership Number : 26448
Issued Capital : JD 5,000
Paid up Capital : JD 5,000
Total Workforce : 19
Activities : Wholesale and distribution of edible oils
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 500,000
COMPANY NAME
HEIRS OF SUBHI
MUKBEL COMPANY
ADDRESS
Registered & Physical Address
Street : Al
Yamook Street
Area : Wadi
Al Naser Area
PO Box : 6931
Town : Amman
11118
Country : Jordan
Telephone : (962-6) 4910319
/ 4625955
Facsimile : (962-6) 4910318
Mobile : (962-79) 5577179
Email : khsm@batelco.jo
Premises
Subject operates from
a small suite of offices that are rented and located in the Central Business
Area of Amman.
KEY PRINCIPALS
Name Position
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Khalil
Subhi Mukbel Managing
Director
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Nedal
Subhi Mukbel Director
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Saleh
Subhi Mukbel Director
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Hiyam
Subhi Mukbel Director
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Susan
Subhi Mukbel Director
LEGAL FORM & OWNERS
Date of Establishment : 2nd
May 1997
Legal Form :
Limited Liability Company
Commercial Reg. No. : 46239, Amman
Chamber Member No. : 26448
Issued Capital : JD 5,000
Paid up Capital : JD 5,000
Name of Shareholder (s)
·
Khalil
Subhi Mukbel
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Nedal
Subhi Mukbel
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Saleh
Subhi Mukbel
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Hiyam
Subhi Mukbel
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Susan
Subhi Mukbel
OPERATIONS
Activities: Engaged in the wholesale
and distribution of edible oils, including, palm oil, corn oil, sun flower oil,
fat,
soya beans and
hummus.
Import
Countries: India and Asia
Operating Trend: Steady
Subject has a
workforce of 19 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 10,500,000 JD 13,850,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures were confirmed by Mr Khalil Subhi Mukbel,
Managing Partner.
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 and the above credit figure is
within subject’s financial means.
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%)