MIRA INFORM REPORT

 

 

Report Date :

25.02.2011

 

IDENTIFICATION DETAILS

 

Name :

TRANS PACIFIC FOR INTERNATIONAL TRADE CO LTD

 

 

Registered Office :

Housing Bank Complex, 8th Floor, Queen Rania Street, P O Box 930227, Amman 11193

 

 

Country :

Jordan

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

20.06.1991

 

 

Com. Reg. No.:

2453, Amman

 

 

Legal Form :

Limited Liability Partnership

 

 

Line of Business :

Distributors of timber and building materials

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Maximum Credit Limit :

US$ 150,000

Status :

Satisfactory

Payment Behaviour :

No Complaints

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)

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                                     : TRANS PACIFIC FOR INTERNATIONAL TRADE CO LTD

Country of Origin                                    : Jordan

Legal Form                                            : Limited Liability Partnership

Registration Date                                   : 20th June 1991

Commercial Registration Number            : 2453, Amman

Trade Licence Number                            : 9/8915

National ID Number                                : 200001584

Issued Capital                                        : JD 330,000

Paid up Capital                                      : JD 330,000

Total Workforce                                     : 30

Activities                                               : Distributors of timber and building materials

Financial Condition                                 : Fair

Payments                                             : Nothing detrimental uncovered

Operating Trend                                     : Steady

Recommended Credit Limit                     : US$ 150,000

 

COMPANY NAME

 

TRANS PACIFIC FOR INTERNATIONAL TRADE CO LTD

 

 

company ADDRESS

 

Registered & Physical Address

Building             : Housing Bank Complex, 8th Floor

Street               : Queen Rania Street

PO Box             : 930227

Town                 : Amman 11193

Country             : Jordan

Telephone         : (962-6) 5694523 / 4202751

Facsimile          : (962-6) 5694525

Mobile               : (962-79) 5521842 / 5384256

Email                : corp@transpacific.com.jo

 

Premises

Subject operates from a medium sized suite of offices that are rented and located in the Central Business Area of Amman.

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

 

·       Abdul Qader Abdullah Shaker                                                 Managing Partner

 

·       Mona Mohamed Riyad                                                                       Partner

 

·       Eddie Banayan                                                                                 General Manager

 

·       Ahmed Al Omol                                                                                Sales Manager

 

·       Amani Al Khoutub                                                                             Administration Executive

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 20th June 1991

 

Legal Form                  : Limited Liability Partnership

 

Commercial Reg. No.  : 2453, Amman

 

Trade Licence No.       : 9/8915

 

National ID No.            : 200001584

 

Issued Capital              : JD 330,000

 

Paid up Capital            : JD 330,000

 

Name of Partners

 

·       Abdul Qader Abdullah Shaker

 

·       Mona Mohamed Riyad

 

 

OPERATIONS

 

Activities: Engaged in the import and distribution of timber and building materials.

 

Import Countries: Europe and the Far East.

 

Operating Trend: Steady

 

Subject has a workforce of 30 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 2,480,000                             JD 2,900,000

 

Local sources consider subject’s financial condition to be Fair.

 

The above financial figures are based on estimations by our local sources.

 

 

BANKERS

 

·       HSBC Bank Middle East

Khalid Bin Walid Street

Jebel Hussein

PO Box: 925286

Amman

Tel: (962-6) 5660471 / 5607471

Fax: (962-6) 5692964

 

 

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

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.37

UK Pound

1

Rs.73.54

Euro

1

Rs.62.39

 

 

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%)

 

 

 

 

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.