MIRA
INFORM REPORT
|
Report Date : |
03.03.2008 |
IDENTIFICATION
DETAILS
|
Name : |
RHEIN INTERNATIONAL |
|
|
|
|
Registered Office : |
Shami Plaza Building, 3rd floor, Shmeisani, PO Box 5633, Amman 11183 |
|
|
|
|
Country : |
Jordan |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
1990 |
|
|
|
|
Com. Reg. No.: |
58522 |
|
|
|
|
Legal Form : |
Sole
Proprietorship |
|
|
|
|
Line of Business : |
Commission Agents
and General Traders of Consumer Goods and General Merchandise. |
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$ 100,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
SUMMARY
Company Name : RHEIN INTERNATIONAL
Country of Origin : Jordan
Legal Form :
Sole Proprietorship
Registration Date : 1990
Commercial
Registration Number : 58522
Invested Capital : JD 5,000
Total Workforce : 5
Line of Business : Commission
agents and general traders of
consumer goods and general merchandise.
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
RHEIN INTERNATIONAL
ADDRESS
Registered & Physical Address
Building : Shami Plaza
Building, 3rd floor
Area : Shmeisani
PO Box : 5633
Town : Amman 11183
Country : Jordan
Telephone : (962-6) 5697551
/ 5674074
Facsimile : (962-6)
5697552
Email : rhein@go.com.jo
Premises
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Amman.
KEY PRINCIPALS
·
Issa Ayyad Zreikat Proprietor
& General Manager
LEGAL FORM & OWNERS
Date of
Establishment : 1990
Legal Form : Mouassasa Khassa
(Sole Proprietorship)
Commercial Reg.
No. : 58522
Invested Capital : JD 5,000
Mr Issa Ayyad Zreikat is the sole proprietor of the business.
Note to the Legal Form
Commonly referred to as an establishment, the Company Law
defines Mouassasa Khassa as the business of an individual where liability for
all debts is unlimited. The business is the entire responsibility of its
proprietor, who is liable for all its debts to the extent of his entire wealth.
There are no legal requirements concerning the amount of capital of a sole
proprietor.
LINE OF BUSINESS
Operations : Engaged as commission agents and general traders
of consumer goods and
general merchandise.
Import Countries : Europe and the United States of America.
Operating Trend : Steady
Subject has a workforce of 5 employees.
FINANCIAL HIGHLIGHTS
Financial highlights provided by outside sources are given below :
Currency : Jordanian Dinars (JD)
Year
Ending 31/12/06: Year
Ending 31/12/07:
Total Revenue JD
660,000 JD
725,000
Local sources consider subject’s financial condition to be Fair.
BANKERS
·
Jordan Investment Bank
Shmeisani Branch
Amman
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 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.
Maximum suggested credit figure: US$ 100,000
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%)