MIRA INFORM REPORT

 

 

Report Date :           

01.08.2011

 

IDENTIFICATION DETAILS

 

Name :

SAMI KARADSHAH & PARTNER

 

 

Registered Office :

Building No. 15, Al Buhtri Street, Jabal Amman, P O Box 393, Amman 11118

 

 

Country :

Jordan

 

 

Date of Incorporation :

30.08.2010

 

 

Com. Reg. No.:

11696

 

 

Legal Form :

Limited Liability Partnership

 

 

Line of Business :

Distributors herbal cosmetics, hair care and skin care products

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Maximum Credit Limit :

US$ 50,000

 

 

Status :

New company

 

 

Payment Behaviour :

Unknown

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Jordan

b1

b1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

SUMMARY

 

Company Name                                     : SAMI KARADSHAH & PARTNER

Also Known As                                      : SAMI KARADSHAH SONS

Country of Origin                                    : Jordan

Legal Form                                            : Limited Liability Partnership

Registration Date                                   : 30th August 2010

Commercial Registration Number            : 11696

National ID Number                                : 200028871

Issued Capital                                        : JD 30,000

Paid up Capital                                      : JD 30,000

Total Workforce                                     : 20

Activities                                               : Distributors herbal cosmetics, hair care and skin care products.

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

Recommended Credit Limit                     : US$ 50,000

 

 

 

COMPANY NAME

 

SAMI KARADSHAH & PARTNER

 

 

ALSO KNOWN AS

 

SAMI KARADSHAH SONS

 

 

company ADDRESS

 

Registered & Physical Address

Building             : Building No. 15

Street               : Al Buhtri Street

Area                 : Jabal Amman

PO Box             : 393

Town                 : Amman 11118

Country             : Jordan

Telephone         : (962-6) 4638502

Facsimile          : (962-6) 4616925

Email                : info@sksonsco.com / samikaradsheb@sksonsco.com

 

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

 

·       Sami Karadshah                                                                               Managing Partner

 

·       Rami Sami Karadshah                                                                       Partner

 

·       Homam Sami Karadshah                                                                   Partner

 

·       Ayman Sami Karadshah                                                                    Partner

 

·       Ragdha Karadshah                                                                            Partner

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 30th August 2010

 

Legal Form                  : Limited Liability Partnership

 

Commercial Reg. No.  : 11696

 

National ID No.            : 200028871

 

Issued Capital              : JD 30,000

 

Paid up Capital            : JD 30,000

 

Name of Partners

 

·       Sami Karadshah

 

·       Rami Sami Karadshah

 

·       Homam Sami Karadshah

 

·       Ayman Sami Karadshah

 

·       Ragdha Karadshah

 

 

OPERATIONS

 

Activities: Engaged in the import and distribution of herbal cosmetics, hair care and skin care products.

 

Import Countries: Europe and the United Arab Emirates.

 

International Suppliers:

 

·       Vatika          United Arab Emirates

·       Daper           United Arab Emirates

 

Subject has a workforce of 20 employees.

 

 

FINANCIAL DATA

 

Subject is a newly formed business and as a result financial information is not currently available.

 

 

BANKERS

 

·       Bank of Jordan Ltd

Jebel Amman

PO Box: 2140

Amman

Tel: (962-6) 2642034

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

In view of subject’s infancy, extensive payment and financial are not available, therefore dealings are recommended to be on secured terms, and a close monitoring of subject’s business development is advisable.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.16

UK Pound

1

Rs.72.10

Euro

1

Rs.63.10

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.