MIRA INFORM REPORT

 

 

Report Date :           

18.10.2011

 

IDENTIFICATION DETAILS

 

Name :

ASIA STAR TRADING ESTABLISHMENT

 

 

Registered Office :

Al Bir Commercial Centre, Abdul Hamid Sharaf Street, Shmeisani, P O Box 941801, Amman 11194

 

 

Country :

Jordan

 

 

Date of Incorporation :

09.01.1993

 

 

Com. Reg. No.:

77978, Amman

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Distributors of scrap metals and waste materials

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

US$ 100,000

 

 

Status :

Moderate

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Jordan

b1

b1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

SUMMARY

 

Company Name                         : ASIA STAR TRADING ESTABLISHMENT

Country of Origin                                    : Jordan

Legal Form                                            : Sole Proprietorship

Registration Date                                   : 9th July 1993

Commercial Registration Number            : 77978, Amman

National ID Number                                : 100047274

Invested Capital                                     : JD 15,000

Total Workforce                                     : 6

Activities                                               : Distributors of scrap metals and waste materials.

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

Recommended Credit Limit                     : US$ 100,000

 

 

 

COMPANY NAME

 

ASIA STAR TRADING ESTABLISHMENT

 

 

company ADDRESS

 

Registered & Physical Address

Building             : Al Bir Commercial Centre

Street               : Abdul Hamid Sharaf Street

Area                 : Shmeisani

PO Box             : 941801

Town                 : Amman 11194

Country             : Jordan

Mobile               : (962-79) 5548123 / 6060088

Email                : asiastar@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

 

·         Naief Essa Jaber Qutaish                                                                 Proprietor & General Manager

 

·         Issa Naief Qutaish                                                                            Assistant General Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 9th July 1993

 

Legal Form                  : Sole Proprietorship

 

Commercial Reg. No.  : 77978, Amman

 

National ID No.            : 100047274

 

Invested Capital           : JD 15,000

 

Mr Naief Essa Jaber Qutaish is the sole proprietor of the business.

 

 

OPERATIONS

 

Activities: Engaged in the import and distribution of scrap metals and waste materials.

 

Import Countries: Italy, Belgium, Egypt, Morocco and Yemen.

 

Subject has a workforce of 6 employees.

 

 

FINANCIAL DATA

 

Companies registered in Jordan are not legally required to make their accounts public and no financial information was released by the company or submitted by outside sources.

 

 

BANKERS

 

·       Arab Bank Plc

Shmeisani Branch

PO Box: 950545 & 950544

Amman 11195

Tel: (962-6) 5607231 / 5607115

Fax: (962-6) 5606793 / 5606830

Acc No. 242697 8 500 USA

 

 

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.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.89

UK Pound

1

Rs.77.31

Euro

1

Rs.67.79

 

 

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.