MIRA INFORM
REPORT
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Report Date : |
02.08.2011 |
IDENTIFICATION DETAILS
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Name : |
ZAKEY INDUSTRIAL COMPANY LTD |
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Registered Office : |
Jerusalem Street,
Al Maqabalin Area, P O Box 562, Amman 11623 |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
22.11.2005 |
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Com. Reg. No.: |
11086, Amman |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Production of fruit juices and beverages |
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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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Jordan |
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 |
Bottom of Form
SUMMARY
Company Name : ZAKEY INDUSTRIAL COMPANY LTD
Country of Origin : Jordan
Legal Form : Limited Liability Company
Start Date : 1980
Registration Date : 22nd November 2005
Commercial Registration Number : 11086, Amman
Chamber Membership Number : 2115
National ID Number : 200010664
Issued Capital : JD 350,000
Paid up Capital : JD 350,000
Total Workforce : 120
Activities : Production of fruit juices and beverages.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
ZAKEY INDUSTRIAL
COMPANY LTD
company ADDRESS
Registered & Physical Address
Street : Jerusalem Street
Area : Al Maqabalin Area
PO Box : 562
Town : Amman 11623
Country : Jordan
Telephone : (962-6) 4204223 / 4206061 / 4205223
Facsimile : (962-6) 4202623
Mobile : (962-79) 5978833
Email : ziad.kabatilo@zakeyinc.com / manal.amro@zakeyinc.com
Premises
Subject operates
from a medium sized suite of offices and a factory that are rented and located
in the Industrial Area of Amman.
KEY PRINCIPALS
Name Position
·
Dr Ziad
Saleheddine Kabatilo Managing
Director
·
Mohamed
Rafat Marwan Kabatilo Director
·
Salah
Mohamed Hassan Kabatilo Director
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Hisham
Kamal Jawdat Bahlawan Director
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Mohamed
Kamal Jawdat Bahlawan Director
·
Ayman
Kamal Jawdat Bahlawan Director
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Mansour
Al Aidah Production
Manager
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Amin
Saleh Commercial
Manager
·
Ibrahim
Al Hamid Financial
Controller
LEGAL FORM & OWNERS
Date of Establishment : Subject’s
operations date back to 1980, however it was registered under its current form
on 22nd November 2005
Legal Form :
Limited Liability Company
Commercial Reg. No. : 11086, Amman
Chamber Member No. : 2115
National ID No. :
200010664
Issued Capital : JD 350,000
Paid up Capital : JD 350,000
Name of Shareholder (s)
·
Dr Ziad
Saleheddine Kabatilo
·
Mohamed
Rafat Marwan Kabatilo
·
Salah
Mohamed Hassan Kabatilo
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Hisham
Kamal Jawdat Bahlawan
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Mohamed
Kamal Jawdat Bahlawan
·
Ayman
Kamal Jawdat Bahlawan
OPERATIONS
Activities: Engaged in the production of fruit juices
and beverages.
Import
Countries: India and Europe
Export Countries:
Libya,
Algeria, Iran, Iraq, Palestine, United Kingdom & the United States of
America
Brand Names: ZAKEY, ZAKEY MAX, BONANZA, MOUNESH, CATCH
and FRUITOLU
Operating Trend: Steady
Subject has a
workforce of approximately 120 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency: Jordanian
Dinars (JD)
Year
Ending 31/12/09: Year
Ending 31/12/10:
Total Sales JD 4,480,000 JD 5,000,000
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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Jordan
Kuwait Bank
Abdali Branch
PO Box: 9776
Amman
Tel: (962-6) 5688814
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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.05 |
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UK Pound |
1 |
Rs.72.40 |
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Euro |
1 |
Rs.63.46 |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.