MIRA
INFORM REPORT
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Report Date : |
13.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
ARKAN IMPORT EXPORT |
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Registered Office : |
Abdullah Ghosheh Street, 7th Circle, PO Box 140956,
Amman 11814 |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
22.12.1985 |
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Com. Reg. No.: |
39776 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesalers of Metal Scrap for
the Purpose of Recycling. |
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$ 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : ARKAN IMPORT EXPORT
Country of Origin : Jordan
Legal Form : Sole Proprietorship
Registration Date : 22nd December 1985
Commercial Registration Number : 39776
Invested Capital : JD 5,000
Total Workforce : 8
Activities : Wholesalers of metal scrap for the purpose of recycling.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 100,000
COMPANY NAME
ARKAN IMPORT EXPORT
ADDRESS
Registered & Physical Address
Street : Abdullah Ghosheh Street
Area : 7th
Circle
PO Box : 140956
Town : Amman 11814
Country : Jordan
Telephone : (962-6) 5813474
Facsimile : (962-6) 5813282
Mobile : (962-79)
5568869
Premises
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Amman.
KEY PRINCIPALS
Name Nationality Position
· Khalouq
Aref Hijazi Jordanian Proprietor
· Sharif
Khalouq Hijazi Jordanian General
Manager
LEGAL FORM & OWNERS
Date of
Establishment : 22nd
December 1985
Legal Form : Sole
Proprietorship
Commercial Reg.
No. : 39776
Invested Capital : JD 5,000
Mr Khalouq Aref Hijazi is the sole
proprietor of the business.
AFFILIATED COMPANIES
· Tricon International Trading Co Ltd
Amman
Jordan
OPERATIONS
Activities: Wholesalers of metal scrap for the purpose of
recycling.
Import Countries: Asia and Europe.
Export Countries: Pakistan, India,
Bangladesh, United Kingdom, and the Netherlands.
Operating Trend: Steady
Subject has a workforce of 8 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:
Sales JD
2,480,000 JD
2,650,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
BANKERS
·
Arab Bank Plc
Shmeisani
Branch
Amman
Tel:
(962-6) 5607115
Fax:
(962-6) 5688183
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The Capital Bank
Shmeisani
Branch
Amman
Tel:
(962-6) 5694250
Fax:
(962-6) 5692062
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Arab Banking Corporation
Shmeisani
Branch
Amman
Tel: (962-6) 5664183
Fax: (962-6) 5686291
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.
Please note that the subject’s correct is Abdullah
Ghosheh Street, 7th Circle, and not as you provided (4 Weheeb Baitar
Street).
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%)