MIRA INFORM
REPORT
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Report Date : |
06.05.2011 |
IDENTIFICATION DETAILS
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Name : |
ELNILEIN TRADING EST |
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Registered Office : |
Al Abdali-Akarco Commercial
Center, 10th Floor, Off No. 6, P O Box 150976 Amman 11115 |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
07.12.1991 |
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Com. Reg. No.: |
66965 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Distributors of foodstuff, ready made garments, haberdashery, electrical and electronic equipment |
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$ 100,000 |
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 : ELNILEIN TRADING EST
Country of Origin : Jordan
Legal Form : Sole Proprietorship
Registration Date : 7th December 1991
Commercial Registration Number : 66965
Chamber Membership Number : 230114
National ID Number : 1000017691
Invested Capital : JD 10,000
Total Workforce : 12
Activities : Distributors of foodstuff, ready made garments, haberdashery, electrical
and electronic equipment.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 100,000
COMPANY NAME
ELNILEIN TRADING
EST
company ADDRESS
Registered & Physical Address
Location : Al Abdali-Akarco Commercial
Center, 10th Floor, Off No. 6,
PO Box : 150976
Town : Amman 11115
Country : Jordan
Telephone : (962-6) 5696491 / 5696492
Facsimile : (962-6) 5696493
Email : elnilein@go.com.jo
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
·
Dr Ahmed Mohamed Salem Lubbad Proprietor
& General Manager
·
Adnan Zaghloul Assistant
General Manager
LEGAL FORM & OWNERS
Date of Establishment : 7th
December 1991
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 66965
Chamber Member No. : 230114
National ID No. :
1000017691
Invested Capital
: JD 10,000
Dr Ahmed Mohamed
Salem Lubbad is the sole
proprietor of the business.
OPERATIONS
Activities: Engaged in the import and distribution of
foodstuff, ready made garments, haberdashery, electrical and electronic
equipment.
Import
Countries: United Kingdom,
Japan and Australia.
Operating Trend: Steady
Subject has a
workforce of 12 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 710,000 JD 765,000
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
Abdali Branch
PO Box: 926607
Amman
Tel: (962-6) 5627271
Fax: (962-6) 5649305
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 business is deemed a fair trade risk
and the above credit figure is considered to be within subject’s financial
means.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.57 |
|
|
1 |
Rs.73.58 |
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Euro |
1 |
Rs.66.23 |
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.