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MIRA
INFORM REPORT
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Report Date : |
12.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
GRAPHIC SUPPLIES CO (GRAPHCO) |
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Registered Office : |
27 Sheikh Mohd Al
Ajloni Street, Al Weibdeh, PO Box 7928,
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 : |
18.01.1976 |
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Com. Reg. No.: |
4133, Amman |
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Legal Form : |
General Partnership |
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Line of Business : |
Import, Distribution and Installation
of Graphic Arts Materials as well as Printing Products |
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 : GRAPHIC SUPPLIES CO (GRAPHCO)
Country of Origin : Jordan
Legal Form : General Partnership
Registration Date : 18th January 1976
Commercial Registration Number : 4133, Amman
Chamber Membership Number : 1060
Partners Capital : JD 25,000
Total Workforce : 12
Activities :
Import, distribution and installation of graphic arts
materials as well as
printing products
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
GRAPHIC
SUPPLIES CO (GRAPHCO)
ADDRESS
Registered & Physical Address
Street : 27 Sheikh Mohd Al Ajloni Street
Area : Al
Weibdeh
PO Box : 7928
Town : Amman 11118
Country : Jordan
Telephone : (962-6) 4647032 / 4652831
Facsimile : (962-6) 4654785
Email : info@graphco.jo
Premises
Subject operates
from a small suite of offices that are rented and located in the Central Business
Area of Amman.
Branch Office
(s)
Location Description
·
King Hussein
Street Rented
showroom premises
PO Box 7922
Amman
Tel: (962-6) 4630615 / 4642861
Fax: (962-6) 4642861
KEY PRINCIPALS
Name Position
·
Mohamed
Taher Al Khateeb Managing
Partner
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Taher
Mohamed Taher Al Khateeb Partner
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Khalid
Mohamed Taher Al Khateeb Partner
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Walid
Mohamed Taher Al Khateeb Partner
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Ibrahim K.
Serdah Customer
Support Manager
LEGAL FORM & OWNERS
Date of Establishment : 18th
January 1976
Legal Form :
General Partnership
Commercial Reg. No. : 4133, Amman
Chamber Member No. : 1060
Partners Capital : JD 25,000
Name of Partners (s)
·
Mohamed
Taher Al Khateeb
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Taher
Mohamed Taher Al Khateeb
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Khalid
Mohamed Taher Al Khateeb
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Walid
Mohamed Taher Al Khateeb
OPERATIONS
Activities: Engaged in the
import, distribution and installation of graphic arts materials as well as
printing products, specialising in quality printing equipment and consumables,
in particular, pre-press, sheetfed offset, web offset, including commercial
presses, book presses and newspaper presses, bindery and finishing equipment.
Import
Countries: Germany, Italy,
India and the United States of America
Operating Trend: Steady
Subject has a
workforce of 12 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 1,460,000 JD 1,800,000
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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Bank of Jordan
Ltd
King Hussain Street
PO Box 37
Amman
Tel: (962-6) 5630301
Fax: (962-6) 5638889
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.48.79 |
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UK Pound |
1 |
Rs.75.41 |
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Euro |
1 |
Rs.61.48 |
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%)