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Report Date : |
14.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
ACCOMPLISHMENTS CO FOR CONSTRUCTION CHEMICAL
PRODUCTS |
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|
|
|
Registered Office : |
Building No. 20,
Al Salim Street, Tilar Al
Ali Area, Amman 11821 |
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|
|
|
Country : |
Jordan |
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|
|
Financials (as on) : |
31.12.2011 |
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|
|
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Year of Establishment : |
2000 |
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|
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Com. Reg. No.: |
6928 |
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|
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Legal Form : |
Limited Liability Partnership |
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|
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Line of Business : |
Distributors of insulation materials and water based paints |
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|
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No. of Employees : |
12 |
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 |
|
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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Jordan |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Name : ACCOMPLISHMENTS CO FOR CONSTRUCTION CHEMICAL
PRODUCTS
Country of Origin : Jordan
Legal Form : Limited Liability Partnership
Registration Date : 2000
Commercial Registration Number : 6928
National ID Number : 200059979
Issued Capital : JD 30,000
Paid up Capital : JD 30,000
Total Workforce : 12
Activities : Distributors of insulation materials and water based paints
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Zaid Mohamed Sobhi Abdul Kareem Mitani, Managing Partner
ACCOMPLISHMENTS CO
FOR CONSTRUCTION CHEMICAL PRODUCTS
Registered &
Physical Address
Building : Building No. 20
Street : Khalil
Al Salim Street
Area : Tilar
Al Ali Area
Town : Amman 11821
Country : Jordan
Telephone : (962-6) 5344500 / 5330952
Facsimile : (962-6) 5330952
Mobile : (962-79) 5218356
Email : ziadmitani@hotmail.com
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Central Business Area of Amman.
Name Position
·
Zaid Mohamed Sobhi Abdul Kareem Mitani Managing
Partner
·
Issam Shafeeq Rezeq Partner
Date of Establishment : 2000
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 6928
National ID No. : 200059979
Issued Capital : JD 30,000
Paid up Capital : JD 30,000
Name of Partners
·
Zaid Mohamed Sobhi Abdul Kareem Mitani
·
Issam Shafeeq Rezeq
·
Al Hadaf For Specialised Engineering
Products
Amman
Activities: Engaged in the import and distribution of
insulation materials and water based paints.
Import Countries: Europe and the Far East.
Operating Trend: Steady
Subject has a
workforce of 12 employees.
Financial
highlights provided by local sources are given below:
Currency: Jordanian
Dinars (JD)
Year
Ending 31/12/10: Year Ending
31/12/11:
Total Sales JD 925,000 JD 1,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Arab
Banking Corporation
Matalqa Centre Branch
11th August Street
PO Box: 926691
Amman 11110
Tel: (962-6) 4664183 / 4664185
Fax: (962-6) 4692713
No complaints
regarding subject’s payments have been reported.
Local sources report
that payment obligations are met in a generally timely manner and the operating
history is clear. As such the company is deemed a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.42 |
|
UK Pound |
1 |
Rs.86.78 |
|
Euro |
1 |
Rs.68.03 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.