MIRA INFORM REPORT

 

 

Report Date :           

21.06.2011

 

IDENTIFICATION DETAILS

 

Name :

HISHAM ALI DIAB AL ZOUBI & PARTNERS CO

 

 

Registered Office :

Zayed Bin Al Dafna Street, Al Muqablin Area, P O Box 850918, Amman 11185

 

 

Country :

Jordan

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

17.07.1991

 

 

Com. Reg. No.:

56252

 

 

Legal Form :

Limited Liability Partnership

 

 

Line of Business :

Distributors of general foodstuff products and confectionery items

 

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$ 200,000

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Jordan

b1

b1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

SUMMARY

           

Company Name                                     : HISHAM ALI DIAB AL ZOUBI & PARTNERS CO

Doing Business As                                : AL ZANBAKA CO FOR IMPORT & EXPORT

Country of Origin                                    : Jordan

Legal Form                                            : Limited Liability Partnership

Registration Date                                   : 17th July 1991

Commercial Registration Number            : 56252

Chamber Membership Number                : 34762

National ID Number                                : 200009576

Issued Capital                                        : JD 30,000

Paid up Capital                                      : JD 30,000

Total Workforce                                     : 120

Activities                                               : Distributors of general foodstuff products and confectionery items.

Financial Condition                                 : Fair

Payments                                             : Nothing detrimental uncovered

Operating Trend                                     : Steady

Recommended Credit Limit                     : US$ 200,000

Person Interviewed                                 : Issam Ali Diab Al Zoubi, Partner

 

COMPANY NAME

 

HISHAM ALI DIAB AL ZOUBI & PARTNERS CO

 

 

DOING BUSINESS AS

 

AL ZANBAKA CO FOR IMPORT & EXPORT

 

 

company ADDRESS

 

Registered & Physical Address

Street               : Zayed Bin Al Dafna Street

Area                 : Al Muqablin Area

PO Box             : 850918

Town                 : Amman 11185

Country             : Jordan

Telephone         : (962-6) 4202225 / 4202226

Facsimile          : (962-6) 4200063

Email                : info@alzanbaka.com / zanbaka@index.com.jo

 

Premises

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

 

Branch Office (s)

 

     Location                                                                                          Description

 

·       Building No. 58                                                                                 Rented office & warehouse

Ali Nasouh Al Taher

Sweifiyeh

Amman

     Tel: (962-6) 5825556 / 5825553

     Fax: (962-6) 5825558

 

 

KEY PRINCIPALS

 

     Name                                                          Nationality                   Position

 

·       Hisham Ali Diab Al Zoubi                               Jordanian                      Managing Partner

 

·       Issam Ali Diab Al Zoubi                                  Jordanian                      Partner

 

·       Wisam Ali Diab Al Zoubi                                Jordanian                      Partner

 

·       Ala'a Ali Diab Al Zoubi                                   Jordanian                      Partner

 

·       Ghassan Mostafa                                                 -                            Finance Manager

 

·       Muhanad Al Zoubi                                                -                            Sales Manager

 

·       Adnan Al Talla                                                     -                            Commercial Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 17th July 1991

 

Legal Form                  : Limited Liability Partnership

 

Commercial Reg. No.  : 56252

 

Chamber Member No. : 34762

 

National ID No.            : 200009576

 

Issued Capital              : JD 30,000

 

Paid up Capital            : JD 30,000

 

Name of Partners (s)

 

·       Hisham Ali Diab Al Zoubi

 

·       Issam Ali Diab Al Zoubi

 

·       Wisam Ali Diab Al Zoubi

 

·       Ala'a Ali Diab Al Zoubi

 

 

OPERATIONS

 

Activities: Engaged in the import and distribution of general foodstuff products and confectionery items.

 

Import Countries: United States of America, United Kingdom, Italy, Spain and Greece.

 

Agencies held:

 

·       American Garden                  United States of America

·       Golden West Nuts                 United States of America

·       Witors                                  Italy

·       Morinita                                Greece

·       Dupon't Disigny                     France

·       Sweets of Oman                   Oman

 

Brand Names: MASTERWRAP, EBIA, ROYAL GARDEN, BEE, ANJAR and ROYAL OAK

 

Operating Trend : Steady

 

Subject has a workforce of 120 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 5,820,000                             JD 6,000,000

 

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

Sweifiyeh

     Amman

     Tel: (962-6) 5818667

     Fax: (962-6) 5818273

 

·       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.

 

Date of transaction                  October 2004                July 2007                      December 2008

Credit amount                            26,000                          150,000             150,000

Amount overdue             0                                  0                                  0

Payment terms                          60 days                         60 days                         60 days

Payment Method                       Letters of Credit             Letters of Credit             Letters of Credit

Paying record                            No Complaints               No Complaints               No Complaints

Currency                                   US Dollars                     US Dollars                     US Dollars

 

 

GENERAL COMMENTS

 

During the course of this investigation nothing detrimental was uncovered regarding the manner in which payment obligations are fulfilled. The operating history is clear and the financial situation is satisfactory. As such we are of the opinion that the subject is 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.44.99

UK Pound

1

Rs.72.60

Euro

1

Rs.64.01

 

 

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.