MIRA INFORM
REPORT
|
Report Date : |
21.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
BAQOUBA TRADING CO |
|
|
|
|
Registered Office : |
Building No. 4, 3rd Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
22.02.2006 |
|
|
|
|
Com. Reg. No.: |
372 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
--- |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
US DLRS 150,000 |
|
Status : |
Moderate |
|
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company NAME
Baqouba Trading Co
Company ADDRESS
Building : Building No. 4, 3rd Floor
Street :
Al Wikalat Street
Area : Swafiah Area
Town :
Country :
SENIOR
COMPANY PERSONNEL
Name Position
1. Fadel Jaffar
Mohammed Director
2.
Haytham Fadel Jaffar Director
3.
Abbas Fadel Jaffar Director
PAYMENTS
No experience of payments has not been traced.
Our local sources could not contact the subject and
obtain a direct
interview. No telephone number is listed for the
subject at the local telephone directory.
Information in this report was obtained from
official Companies
Registry and third parties sources only.
Opinion on maximum credit : In view of the above
remarks, we have
insufficient basis
on which to speak for
unsecured credit
and recommend dealing on
fully secured terms
pending fuller
knowledge.
Trade risk assessment : No classification
Opinion on the credit figure of US DLRS 150,000 :
See above comments.
It is normal accepted practice for international
suppliers to deal on secured terms with Jordanian importers
PRINCIPAL BANKERS
Details of subject’s bankers could not be learnt.
FINANCIAL INFORMATION
Balance sheets are not available and no financial information could be obtained from third party sources.
LEGAL STATUS AND HISTORY
Date Started : 22 February 2006
C.R. No. : 372 (valid)
National ID No. : 200006331
Authorised Capital : JD 300,000
Paid-Up Capital : JD 300,000
Limited Liability company with the following shareholders :
Share Value
1. Fadel Jaffar Mohammed JD
100,000
(Iraqi
national, National ID 894253)
2. Haytham Fadel Jaffar JD
100,000
(son of
the above)
3. Abbas Fadel Jaffar JD 100,000
(brother
of the above, National ID 1036477)
ACTIVITIES
The Company is involved in the following activities :
Registered activity: Not allowed to practice any type of
business activity in
FACILITIES
The Company has the following facilities :
Office premises located at the heading address.
SPECIAL
NOTE
Interviewed: Third Party Sources.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.18 |
|
|
1 |
Rs.73.04 |
|
Euro |
1 |
Rs.61.43 |
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 |
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.