MIRA INFORM REPORT
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Report Date : |
16.12.2011 |
IDENTIFICATION DETAILS
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Name : |
PRIMARY INGREDIENTS IMPORT AND SUPPLIES CO
LTD |
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Registered Office : |
902 King Hussain
Street, P O Box 212224, Amman 11121 |
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Country : |
Jordan |
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Date of Incorporation : |
15.02.2009 |
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Com. Reg. No.: |
1323 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of veterinary medicines and pharmaceuticals |
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No. of Employees
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6 persons |
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 |
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
SUMMARY
Company Name : PRIMARY INGREDIENTS IMPORT AND SUPPLIES CO LTD
Country of Origin : Jordan
Legal Form : Limited Liability Company
Registration Date : 15th February 2009
Commercial Registration Number : 1323
Issued Capital : JD 710,000
Paid up Capital : JD 710,000
Total Workforce : 6
Activities : Distributors of veterinary medicines and pharmaceuticals.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
Person Interviewed : Sami Al Manfalouti, Managing Director
COMPANY NAME
PRIMARY INGREDIENTS
IMPORT AND SUPPLIES CO LTD
company ADDRESS
Registered &
Physical Address
Location : 902 King Hussain Street
PO Box : 212224
Town : Amman 11121
Country : Jordan
Telephone : (962-6) 5656932
Facsimile : (962-6) 5656032
Mobile : (962-79) 5512596
Email : sami@primaryingredient.com / info@primaryingredients.com
Please note that
subject’s previous address was: Abdullah Mousa Islaim Building, Office No. 207,
29 Queen Rania Street, Amman 11121.
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Amman.
KEY PRINCIPALS
Name Position
·
Sami Al Manfalouti Managing
Director
·
Zayad
Al Manfalouti General
Manager
·
Mohamed Abu Faris Sales
Manager
LEGAL FORM & OWNERS
Date of Establishment : 15th
February 2009
Legal Form :
Limited Liability Company
Commercial Reg. No. : 1323
Issued Capital : JD 710,000
Paid up Capital : JD 710,000
Name of Shareholder
(s) Percentage
·
Orffa Pharma 80%
Netherlands
·
Sami Al Manfalouti 20%
AFFILIATED COMPANIES
·
Zayad
& Sami Al Manfalouti
PO Box: 212224
Amman 11121
Tel: (962-6) 5656932
Fax: (962-6) 5656032
CR No. 99726
OPERATIONS
Activities: Engaged in the import
and distribution of veterinary medicines and pharmaceuticals.
Import Countries: Netherlands, United Kingdom and India.
Subject has a
workforce of 6 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
·
Housing
Bank for Trade & Finance
Parliament Street
PO Box: 7693
Amman
Tel: (962-6) 5667126
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 |
|
US Dollar |
1 |
Rs.54.24 |
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UK Pound |
1 |
Rs.83.77 |
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Euro |
1 |
Rs.70.46 |
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.