MIRA INFORM
REPORT
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Report Date : |
19.01.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
ALGHAD TECHNOLOGY FOR FEED ADDITIVES CO. LTD.
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Registered Office : |
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Country : |
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Date of Incorporation : |
26.03.2006 |
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Com. Reg. No.: |
11785 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importers, Wholesalers
and Retailers of poultry feed materials and additives |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Maximum Credit Limit : |
JD 4,000 |
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Status : |
Small Company |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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 |
Company NAME
Alghad Technology For Feed
Additives Co. Ltd. (Correct)
En. Ahmad Younis Alazzeh Al-Ghad Technology For Feed Additives Co
Ltd (Requested)
company ADDRESS
Building :
Street :
Area : Kufruba
Area
P.O.Box No. : 1
Town : Irbid 21182
Country : Jordan
Telephone : (962
2) 731 4339 / Mobile (962 78) 869 0409
Fax : (962 2) 731 4339
E-Mail : alazzeh76@yahoo.com
SENIOR COMPANY PERSONNEL
Name Position
1. Ahmad Yunis Mohammed Al Azzeh General Manager
2. Munir Melhem Legal
Advisor
3. Ibrahim Hussein Al Dah Chief
Accountant
Total Employees : 4
PAYMENTS
No complaints have been heard regarding payments from local suppliers or
banks.
We consider it is acceptable to deal with subject for SMALL amounts.
Opinion on maximum credit : JD 4,000
Trade risk assessment:
Opinion on the credit figure of US DLRS 150,000 :
We consider the above figure to be beyond the Company's financial
capabilities and recommend dealing on fully secured terms.
PRINCIPAL
BANKERS
NAME : HOUSING
BANK FOR FINANCE AND TRADE
Branch :
P.O. Box : 7693
Town : Amman
Telephone : (962 6) 566 7126
Fax :
(962 6) 567 8121
FINANCIAL
INFORMATION
Private companies in
Sales Turnover : JD 100,000 - 2008 - exact
: JD 176,000 - 2009 -
exact
: JD 173,000 - 2010 – exact *
Net Profit : JD
10,000 - 2009 - exact
: JD
14,000 - 2010 - exact
* Decrease in sales turnover in 2010 was due to unfavourable market
conditions.
Financial year ends 31 December.
LEGAL STATUS AND
HISTORY
Date Started : 26 March 2006
History : The subject company was
established in
C.R. No. :
11785
National ID No. :
200085769
Authorised Capital : JD
30,000
Paid-Up Capital : JD 30,000
Limited Liability
Company with the following sole shareholder :
Share Value
Ahmad Yunis Mohammed Al Azzeh JD
30,000 (Jordanian national / National ID No.:
9761025709)
ACTIVITIES
The Company is involved in the following activities :
Trading as importers, wholesalers and retailers of poultry feed
materials and additives.
Imports from Asia, mainly from
Subject only sells locally and does not engage in re-export business.
FACILITIES
The Company has the following facilities :
Rented administrative offices and storage facilities located at the
heading address.
SPECIAL NOTE
You enquired on: En. Ahmad Younis
Alazzeh Al-Ghad Technology For Feed Additives Co Ltd. Please note that the
correct name is as per heading.
Interviewed: Ahmad Yunis Mohammed Al Azzeh (General Manager).
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.53 |
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1 |
Rs.72.56 |
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Euro |
1 |
Rs.60.62 |
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.