MIRA INFORM
REPORT
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Report Date : |
03.06.2011 |
IDENTIFICATION DETAILS
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Name : |
ALI ABU HAMMAD CHEMICAL EST |
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Registered Office : |
King Abdullah the
Second Industrial Area, Street 6, Sahab Area, P O Box 53311, Amman 11910 |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
03.07.2003 |
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Com. Reg. No.: |
130554, Amman |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import and distribution of primary raw chemical materials |
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$ 250,000 |
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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
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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 : ALI ABU HAMMAD CHEMICAL EST
Also Known As : ALI HAMMAD EID ABU HAMMAD EST
Country of Origin : Jordan
Legal Form : Sole Proprietorship
Registration Date : 3rd July 2003
Commercial Registration Number : 130554, Amman
Chamber Membership Number : 103871
Invested Capital : JD 30,000
Total Workforce : 4
Activities : Import and distribution of primary raw chemical materials
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 250,000
Person Interviewed : Ali Hammad Eid Abu Hammad, Proprietor
COMPANY NAME
ALI ABU HAMMAD
CHEMICAL EST
ALSO KNOWN AS
ALI HAMMAD EID ABU
HAMMAD EST
company ADDRESS
Registered & Physical Address
Location : King Abdullah the Second
Industrial Area, Street 6
Area : Sahab Area
PO Box : 53311
Town : Amman 11910
Country : Jordan
Telephone : (962-6) 4023792
Facsimile : (962-6) 4023793
Mobile : (962-79) 5576036
Email : ali_chem@tedata.net.jo / info@alichemicals.com
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Industrial Area of Amman.
KEY PRINCIPALS
Name Position
·
Ali
Hammad Eid Abu Hammad Proprietor
& General Manager
·
Ayman Hammad Eid Abu Hammad Assistant
General Manager
LEGAL FORM & OWNERS
Date of Establishment : 3rd
July 2003
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 130554, Amman
Chamber Member No. : 103871
National
ID Number : 100044937
Invested Capital
: JD 30,000
Mr Ali Hammad Eid
Abu Hammad is the sole proprietor of the business.
OPERATIONS
Activities: Engaged in the import
and distribution of primary raw chemical materials.
Import
Countries: India, Saudi
Arabia, Belgium and Spain
International
Suppliers:
·
Godrej Industrial India
·
Galaxy Industries India
·
Methanol Co Ltd Saudi
Arabia
·
Cristal Co Saudi
Arabia
·
Berting Belgium
·
Daibpore Spain
Operating Trend: Steady
Subject has a
workforce of 4 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency: United
States Dollars (US$)
Year
Ending 31/12/09: Year Ending
31/12/10:
Total Sales US$ 3,400,000 US$ 3,725,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures were confirmed by Mr Ali Hammad Eid Abu Hammad, Proprietor
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
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
business 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 |
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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.