MIRA
INFORM REPORT
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Report Date : |
25.11.2008 |
IDENTIFICATION DETAILS
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Name : |
MOUZATH ABDUL QADER DAWOOD |
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Registered Office : |
Industrial Zone, |
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Country : |
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Date of Incorporation : |
09.01.2007 |
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Com. Reg. No.: |
4699, Aqaba |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import and Distribution of
General Foodstuff as well as Roasters of Coffee and Nuts |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
US$ 75,000 |
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Status : |
New Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : MOUZATH
ABDUL QADER DAWOOD
Trading As : AL EQAB ROASTER & MILL
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 9th January 2007
Commercial Registration Number : 4699, Aqaba
Invested Capital : JD 10,000
Total Workforce : 8
Activities :
Import and distribution of general foodstuff as well
as roasters of coffee and nuts
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 75,000
Person Interviewed : Mouzath Abdul Qader Dawood Al Natesh, Proprietor
COMPANY NAME
MOUZATH
ABDUL QADER DAWOOD
TRADING
AS: AL EQAB ROASTER
& MILL
ADDRESS
Registered & Physical Address
Location : Industrial Zone
PO Box : 1925
Town : Aqaba
Country :
Telephone : (962-3) 2030510
/ 2030520
Facsimile : (962-3) 2030520
Email : al-eqab-2008@hotmail.com
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Industrial Area of Aqaba.
KEY PRINCIPALS
Name Position
·
Mouzath Abdul Qader Dawood Al Natesh Proprietor
& General Manager
·
Moastim Al Natesh Sales
Manager
LEGAL FORM & OWNERS
Date of Establishment : 9th
January 2007
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 4699, Aqaba
Invested Capital
: JD 10,000
Mr Mouzath Abdul Qader Dawood Al Natesh is the sole
proprietor of the business.
OPERATIONS
Activities: Engaged in the import and distribution of general foodstuff, including coffee, beans, almonds, and
nuts.
Subject
is also engaged as roasters of coffee and nuts.
Import
Countries:
Subject has a
workforce of 8 employees.
FINANCIAL DATA
Subject is a newly
formed business and as a result financial information is not currently
available.
BANKERS
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Arab
Bank Plc
Shmeisani Branch
PO Box : 950545 & 950544
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
Mouzath
Abdul Qader Dawood Al Natesh is
a relatively new business with operations commencing in January 2007. It is
engaged in the import and distribution of general
foodstuff as well as roasters of coffee and nuts.
According to local sources subject is making steady progress
in the local business market and nothing detrimental has been reported
regarding the manner in which payments are fulfilled. As such the business is
considered to be a fair trade risk.
Please note that the
telephone number 4202230 that you provided is incorrect.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.97 |
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1 |
Rs.75.45 |
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Euro |
1 |
Rs.64.21 |
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%)