MIRA INFORM
REPORT
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Report Date : |
03.06.2011 |
IDENTIFICATION DETAILS
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Name : |
AL AMER BROS TECHNICAL COMPANY |
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Registered Office : |
Prince
Hassan Street, Ras Al Ain Area, P O Box 620026, Amman 11162 |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
14.01.2007 |
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Com. Reg. No.: |
83957, Amman |
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Legal Form : |
General Partnership |
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Line of Business : |
Import and distribution of conveyors and V belts as well as transmission systems |
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 |
SUMMARY
Company Name : AL AMER BROS TECHNICAL COMPANY
Country of Origin : Jordan
Legal Form : General Partnership
Registration Date : 14th January 2007
Commercial Registration Number : 83957, Amman
Chamber Membership Number :
139694
National ID Number : 200009883
Partners Capital : JD 10,000
Total Workforce : 11
Activities : Import and distribution of conveyors and V belts as well as transmission
systems.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
Person Interviewed : Hussain Feras, Sales Manager
COMPANY NAME
AL AMER BROS TECHNICAL COMPANY
company ADDRESS
Registered & Physical Address
Street : Prince
Hassan Street
Area : Ras
Al Ain Area
PO Box : 620026
Town : Amman 11162
Country : Jordan
Telephone : (962-6) 4780602
Facsimile : (962-6) 4765662
Mobile : (962-79) 6931165
Email : abetco@hotmail.com
/ abt-co@hotmail.com
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Amman.
KEY PRINCIPALS
Name Position
·
Ayoub Ahmed Mohamed Al Amer Managing
Partner
·
Marwan Ahmed Mohamed Al Amer Partner
·
Hussain
Feras Sales
Manager
·
Abu
Alaa Anwar Administration
Manager
LEGAL FORM & OWNERS
Date of Establishment : 14th
January 2007
Legal Form :
General Partnership
Commercial Reg. No. : 83957, Amman
Chamber Member No. : 139694
National
ID No. : 200009883
Partners Capital : JD 10,000
Name of Partners
(s)
·
Ayoub Ahmed Mohamed Al Amer
·
Marwan Ahmed Mohamed Al Amer
OPERATIONS
Activities: Engaged in the import and distribution of conveyors
and V belts as well as transmission systems.
Import
Countries: India, Turkey, United States of America and Germany
International
Suppliers:
·
Bix Transmission Ltd India
·
Dayco United
States of America
·
Argo Germany
·
Aeroflex India
·
Kivelcim Turkey
Subject has a
workforce of 11 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 765,000 JD 850,000
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
Email: secretariat@arabbank.com.jo
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Local sources
report that payment obligations are met in a generally timely manner and the
operating history is clear. As such the company is deemed a fair trade risk and
the above credit figure is considered to be within subject’s financial means.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.94 |
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UK Pound |
1 |
Rs.73.46 |
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Euro |
1 |
Rs.64.58 |
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.