MIRA INFORM
REPORT
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Report Date : |
06.05.2011 |
IDENTIFICATION DETAILS
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Name : |
I L F TRADE CO LTD |
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Registered Office : |
Al Sayegh Commercial
Centre, King Hussein Street, Abdali, P O Box 911666 Amman 11191 |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
03.02.2002 |
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Com. Reg. No.: |
7107, Amman |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of pharmaceuticals, veterinary drugs and cosmetics |
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$ 200,000 |
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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 : I L F TRADE CO LTD
Country of Origin : Jordan
Legal Form : Limited Liability Company
Registration Date : 3rd February 2002
Commercial Registration Number : 7107, Amman
Issued Capital : JD 30,000
Paid up Capital : JD 30,000
Total Workforce : 12
Activities : Distributors of pharmaceuticals, veterinary drugs and cosmetics.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 200,000
COMPANY NAME
I L F TRADE CO LTD
company ADDRESS
Registered & Physical Address
Location : Al Sayegh Commercial Centre
Street : King Hussein Street
Area : Abdali
PO Box : 911666
Town : Amman 11191
Country : Jordan
Telephone : (962-6) 4629111
Facsimile : (962-6) 4620662
Email : info@ilf-jo.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
·
Hisham
Abdul Rahman Jadallah Managing
Director
·
Najah
Yousef Hasan Jadallah Director
·
Thalji
Luis Hattar Director
·
Fadi
Sarsak Commercial
Manager
LEGAL FORM & OWNERS
Date of Establishment : 3rd
February 2002
Legal Form :
Limited Liability Company
Commercial Reg. No. : 7107, Amman
Issued Capital : JD 30,000
Paid up Capital : JD 30,000
Name of Shareholder
(s) Percentage
·
Hisham
Abdul Rahman Jadallah 37.5%
·
Thalji
Luis Hattar 37.5%
·
Najah
Yousef Hasan Jadallah 25.0%
OPERATIONS
Activities: Engaged in the import and distribution of
pharmaceuticals, veterinary drugs and cosmetics.
Import
Countries: Europe and the
Far East.
International Suppliers :
·
Nectar
Lifescience India
·
Unimark
Remedies India
·
Lee
Pharma India
·
Anqui
Lu’an China
·
Hisoar China
·
Jiande China
·
Dasan South Korea
·
Medichem Hong Kong
·
Nutrilo Germany
·
Epo Italy
·
Gattefosse France
·
Seppic France
·
Glide
Chem India
·
Ranq
Pharma India
·
Austar China
Export Countries
: Syria, Saudi Arabia,
Lebanon and Iraq.
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 5,800,000 JD 5,925,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
·
Arab
Bank Plc
Shmeisani Branch
PO Box: 950545 & 950544
Amman 11195
Tel: (962-6) 5607231 / 5607115
Fax: (962-6) 5606793 / 5606830
·
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
Established in
2002, subject is involved in the import and distribution of pharmaceuticals,
veterinary drugs and cosmetics.
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 deemed to be
within subject’s financial means.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.57 |
|
|
1 |
Rs.73.58 |
|
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.