MIRA
INFORM REPORT
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Report Date : |
07.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
MAHMOUD SHABAN AND SONS CO |
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Registered Office : |
Souq
Al Sukar, Central Amman, PO
Box 7013, 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 : |
06.07. 1999 |
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Com. Reg. No.: |
5773, Amman |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Wholesale and Packaging of Bulk
Sugar, Rice, Coffee, and Canned Food |
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 : MAHMOUD SHABAN AND SONS CO
Country of Origin : Jordan
Legal Form : Limited Liability Partnership
Registration Date : 6th July 1999
Commercial Registration Number : 5773, Amman
Chamber Membership Number : 6007
Issued Capital : JD 30,000
Paid up Capital : JD 30,000
Total Workforce : 150
Activities : Wholesale and packaging of bulk sugar, rice, coffee, and canned food.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 200,000
COMPANY NAME
MAHMOUD SHABAN AND
SONS CO
ADDRESS
Registered & Physical Address
Location : Souq Al
Sukar, Central Amman
PO Box : 7013
Town : Amman 11118
Country : Jordan
Telephone : (962-6) 4024594
/ 5687432
Facsimile : (962-6) 4024593
/ 5670099
Email : shgroup@wanadoo.jo
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Central Business Area of Amman.
KEY PRINCIPALS
Name Position
·
Mahmoud
Shaban Managing
Partner
·
Azmi
Mahmoud Shaban Partner
·
Emad
Mahmoud Shaban Partner
·
Bashir
Al Shaer Commercial
Manager
LEGAL FORM & OWNERS
Date of Establishment : 6th
July 1999
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 5773, Amman
Chamber Member No. : 6007
Issued Capital : JD 30,000
Paid up Capital : JD 30,000
Name of Partner (s)
·
Mahmoud
Shaban
·
Azmi
Mahmoud Shaban
·
Emad
Mahmoud Shaban
AFFILIATED COMPANIES
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Horizon
International For Foodstuff Trading
Amman
Jordan
OPERATIONS
Activities: Engaged in the wholesale and packaging of bulk sugar, rice, coffee, and canned food.
Import
Countries: Thailand,
Vietnam, and India
Brand Names: EAST WIND, TIGER,
& BOSSMAN
Operating Trend: Steady
Subject has a
workforce of approximately 150 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 2,850,000 JD 3,100,000
Local sources
consider subject’s financial condition to be Fair.
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%)