MIRA INFORM
REPORT
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Report Date : |
08.04.2011 |
IDENTIFICATION DETAILS
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Name : |
AL JAZEERA |
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Registered Office : |
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Country : |
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Date of Incorporation : |
01.04.2010 |
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Com. Reg. No.: |
21353 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importers, Wholesalers and Distributors of mixed nuts and
sweets |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
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Status : |
New Company |
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Payment
Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company
NAME
Al Jazeera
SAMEER
MHD ALI & HUSSAIM M ALQUOGA (Requested)
Company
ADDRESS
Street :
Area : King Abdullah Industrial Estate, (aka Sahab Industrial Area)
P.O. Box : 961
Town : Sahab 11512
Country :
Telephone : (962 6) 402 6712 / Mobiles (962 77) 704 1268 (Hussain Mahmoud Al Qouqa) / Mobile (962 77)
995 2625 (Rami Al Qouqa) / Mobile (962 77) 722 1795 (Mahmoud Al Qouqa)
Fax : (962 6) 402 6712
SENIOR
COMPANY PERSONNEL
Name Position
1. Hussain Mahmoud Al Qouqa Managing Director
2. Rami Al Qouqa General Manager Finance Manager
3. Mahmoud Hussain Al Qouqa Administration Manager
Total Employees : 8
PAYMENTS
No trade experience of payments is available.
Subject is a relatively newly established company, operating since April 2010
Opinion on maximum credit : As the subject has recently been
established and has no financial or
payment track record, we recommend
dealing on fully secured terms.
Trade risk assessment : High
Opinion on the credit figure of US DLRS 150,000 :
See above comments.
PRINCIPAL
BANKERS
NAME : ARAB BANK PLC
Branch : Main branch
PO Box : 950544-950545
Town :
Telephone : (962 6) 560 7231
Fax : (962 6) 560 6793
FINANCIAL
INFORMATION
As the Company has only recently started trading, relevant financial information is not available.
LEGAL
STATUS AND HISTORY
Date Started : 1 April 2010
C.R. No. : 21353
National ID No : 200110240
Authorised Capital : JD 5,000
Paid-Up Capital : JD 2,500
Limited Liability Company with the following shareholders :
1. Hussain Mohamoud Al Qouqa
(Jordanian national)
2. Rami Hussain Mahmoud Al Qouqa
(son of the above)
3. Mahmoud Hussain Mahmoud Al Qouqa
(brother of the above)
ACTIVITIES
The Company is involved in the following activities :
Trading as importers, wholesalers and distributors of mixed nuts and sweets.
Imports mainly from
Subject does not export, all sales are local.
FACILITIES
The Company has the following facilities :
Rented premises comprising administrative offices and storage facilities located at the heading address.
SPECIAL
NOTE
You enquired on : SAMEER MHD ALI & HUSSAIM M ALQUOGA. Please note that the correct name is as per heading.
The telephone (mobile) number which you provided: 00962 777729279 is incorrect. Please note that subject's correct administrative office telephone numbers are as per heading.
Interviewed : Mahmoud Hussain Al Qouqa (Administration Manager).
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.22 |
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1 |
Rs.71.97 |
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Euro |
1 |
Rs.63.23 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.