MIRA INFORM
REPORT
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Report Date : |
04.07.2011 |
IDENTIFICATION DETAILS
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Name : |
SAMI NAJEEB KHOURY & CO |
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Registered Office : |
Thabet Bin Al
Akram, Al Maqablin Area, P O
Box 20681, Amman 11118 |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
14.04.1995 |
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Com. Reg. No.: |
56405, Amman |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Import, wholesale and retail of electrical, electronic and domestic appliances |
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
Bottom of Form
SUMMARY
Company Name : SAMI NAJEEB KHOURY & CO
Country of Origin : Jordan
Legal Form : Limited Liability Partnership
Registration Date : 14th April 1995
Commercial Registration Number : 56405, Amman
Chamber Membership Number : 17788
National ID Number : 200100176
Issued Capital : JD 300,000
Paid up Capital : JD 300,000
Total Workforce : 15
Activities : Import, wholesale and retail of electrical, electronic and domestic
appliances
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Zayed Najeeb Khoury, Partner
COMPANY NAME
SAMI NAJEEB KHOURY
& CO
company ADDRESS
Registered & Physical Address
Location : Thabet Bin Al Akram, Al
Maqablin Area
PO Box : 20681
Town : Amman 11118
Country : Jordan
Telephone : (962-6) 4200718 / 4200719 / 4621603
Facsimile : (962-6) 4206810 / 4647613
Email : snkc@go.com.jo
Premises
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Amman.
KEY PRINCIPALS
Name Position
·
Sami
Najeeb Khoury Managing
Partner
·
Zayed
Najeeb Khoury Partner
·
Samer
Najeeb Khoury Partner
·
Munzer
Nasser Commercial
Manager
LEGAL FORM & OWNERS
Date of Establishment : 14th
April 1995
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 56405, Amman
Chamber Mem. No. : 17788
National ID No. :
200100176
Issued Capital : JD 300,000
Paid up Capital : JD 300,000
Name of Partner (s)
·
Sami
Najeeb Khoury
·
Zayed
Najeeb Khoury
·
Samer
Najeeb Khoury
OPERATIONS
Activities: Engaged in the import, wholesale and retail
of electrical, electronic and domestic appliances.
Subject are sole agents for
General Electric, (GE), USA.
Import
Countries: Italy, Germany
and Malaysia
International
Suppliers:
·
Waltergalss Germany
·
Cozini Italy
·
Brumio Italy
·
Samix Malaysia
Operating Trend: Steady
Subject has a
workforce of 15 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 1,855,000 JD 1,930,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Bank of
Jordan Ltd
King Hussain Street
PO Box: 37
Amman
Tel: (962-6) 5630301
Fax: (962-6) 5638889
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
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.59 |
|
UK Pound |
1 |
Rs.71.75 |
|
Euro |
1 |
Rs.64.80 |
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.