MIRA
INFORM REPORT
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Report Date : |
15.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
JORDAN MODERN INTERNATIONAL TRADE CO |
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Registered Office : |
Building No. 31,
Prime Ministry Street, PO Box
925988, Amman 11190 |
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Country : |
Jordan |
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Date of Incorporation : |
07.06.1999 |
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Com. Reg. No.: |
5734, Amman |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Import and Distribution of Chemicals and Fertilisers |
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 : JORDAN MODERN INTERNATIONAL TRADE CO
Country of Origin : Jordan
Legal Form : Limited Liability Company
Registration Date : 7th June 1999
Commercial Registration Number : 5734, Amman
Chamber Membership Number : 79127
Issued Capital : JD 1,000,000
Paid up Capital : JD 1,000,000
Total Workforce : 25
Activities : Import and distribution of chemicals and fertilisers
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
COMPANY NAME
JORDAN MODERN
INTERNATIONAL TRADE CO
ADDRESS
Registered & Physical Address
Location : Building No. 31, Prime Ministry
Street
PO Box : 925988
Town : Amman 11190
Country : Jordan
Telephone : (962-6) 5650902
Facsimile : (962-6) 5602999
Email : info@jomotrade.com
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Amman.
KEY PRINCIPALS
Name Position
·
Yaser
Al Manaser Managing
Director
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Yusura
Al Kharasheh General
Manager
LEGAL FORM & OWNERS
Date of Establishment : 7th
June 1999
Legal Form :
Limited Liability Company
Commercial Reg. No. : 5734, Amman
Chamber Member No. : 79127
Issued Capital : JD 1,000,000
Paid up Capital : JD 1,000,000
Name of Shareholder (s)
·
Jordan
Modern Investment Group (Jomogroup)
Amman
Jordan
·
Yaser
Al Manaser
OPERATIONS
Activities: Engaged in the import and distribution of
chemicals and fertilisers.
Import
Countries: Pakistan, China
and Europe
Subject has a
workforce of 25 employees.
FINANCIAL DATA
Companies
registered in Jordan are not legally required to make their accounts public and
no financial information was released by the company or submitted by outside
sources.
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.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.94 |
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UK Pound |
1 |
Rs.82.84 |
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Euro |
1 |
Rs.65.95 |
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%)