MIRA INFORM REPORT

 

 

Report Date :

21.01.2011

 

IDENTIFICATION DETAILS

 

Name :

AL ZAYOUNA CO FOR TRADE (EXPORT & IMPORT)

 

 

Registered Office :

Al Hussaini Complex, Office No. 108 Abdullah Gosha Street PO Box  4062 Amman 11953

 

 

Country :

Jordan

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

18.04.2005

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Import and distribution of medical instruments, electrical products and general foodstuff products.

 

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                                     : AL ZAYOUNA CO FOR TRADE (EXPORT & IMPORT)

Country of Origin                                    : Jordan

Legal Form                                            : Limited Liability Company

Registration Date                                   : 18th April 2005

Commercial Registration Number            : 559

Issued Capital                                        : JD 10,000

Paid up Capital                                      : JD 10,000

Total Workforce                                     : 10

Activities                                               : Import and distribution of medical instruments, electrical products and

                                                              general foodstuff products.

Financial Condition                                 : Fair

Payments                                             : Nothing detrimental uncovered

Operating Trend                                     : Steady

Recommended Credit Limit                     : US$ 150,000

Person Interviewed                                 : Samir Kaddoumi, Commercial Manager

 

COMPANY NAME

 

AL ZAYOUNA CO FOR TRADE (EXPORT & IMPORT)

 

 

ADDRESS

 

Registered & Physical Address

 

Building             : Al Hussaini Complex, Office No. 108

Street               : Abdullah Gosha Street

 

PO Box             : 4062

 

Town                 : Amman 11953

Country             : Jordan

 

Telephone         : (962-6) 5854842

Facsimile          : (962-6) 5854843

Mobile               : (962-79) 6332500 / 6439918

Email                : alialzamani@yahoo.com

 

Premises

 

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

 

Branch Office (s)

 

     Location                                                                                           Description

 

·       Al Hussaini Building, Flat No. 2                                                          Rented office

Omer Bin Abdul Aziz Street

Eastern Telaa Al Rabi

Amman

 

 

KEY PRINCIPALS

 

     Name                                                           Nationality                     Position

 

·       Ali Abdul Majeed Al Zanai                                  Iraqi                          Managing Director

 

·       Feras Abdul Moniem                                         Iraqi                          Director

 

·       Thamer Abdul Moniem                                       Iraqi                          Director

 

·       Ahmed Abbas                                                   Iraqi                          Director

 

·       Samir Kaddoumi                                                  -                            Commercial Manager

 

·       Itimad Baqer                                                        -                            Finance Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 18th April 2005

 

Legal Form                  : Limited Liability Company

 

Commercial Reg. No.  : 559

 

Issued Capital              : JD 10,000

 

Paid up Capital            : JD 10,000

 

Name of Shareholder (s)

 

·       Ali Abdul Majeed Al Zanai

 

·       Feras Abdul Moniem

 

·       Thamer Abdul Moniem

 

·       Ahmed Abbas

 

 

OPERATIONS

 

Activities: Engaged in the import and distribution of medical instruments, electrical products and general foodstuff products.

 

Import Countries: Europe and the Far East

 

Operating Trend: Steady

 

Subject has a workforce of 10 employees.

 

 

FINANCIAL DATA

 

Financial highlights provided by local sources are given below:

 

Currency: Jordanian Dinars (JD)

 

                                                Year Ending 31/12/08:                Year Ending 31/12/09:

 

Total Sales                                JD 1,120,000                             JD 1,400,000

 

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

 

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

 

 

BANKERS

 

·       Arab Bank Plc

Shmeisani Branch

PO Box: 950545 & 950544

Amman 11195

Tel: (962-6) 5607231 / 5607115

Fax: (962-6) 5606793 / 5606830

 

·       Arab Jordan Investment Bank

Ibn Hani Street

Shmeisani

PO Box: 8797

Amman 11121

Tel: (962-6) 5607126 / 5607138

Fax: (962-6) 5681482 / 5690646

 

 

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 and the above credit figure is within subject’s financial means.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.58

UK Pound

1

Rs.72.73

Euro

1

Rs.61.45

 

 

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

--

NB

                                       New Business

 

--

 

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.