MIRA INFORM REPORT

 

 

Report Date :

18.08.2012

 

IDENTIFICATION DETAILS

 

Name :

YOUSEF & ZEYAD AHMED RAJAB TABAZAH CO LTD

 

 

Registered Office :

Building No. 275, Khelda Wasfi Al Tal Street, PO Box : 23503, Town : Amman 11115

 

 

Country :

Jordan

 

 

Date of Incorporation :

02.01.1997

 

 

Com. Reg. No.:

44953, Amman

 

 

Legal Form :

Limited Liability Partnership

 

 

Line of Business :

Distributors of tarpaulins, tents and camping materials and products

 

 

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 31, 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

 

SUMMARY

 

Company Name                                     : YOUSEF & ZEYAD AHMED RAJAB TABAZAH CO LTD

Also Known As                                      : YOUSEF TABAZAH TRADING EST

Country of Origin                                    : Jordan

Legal Form                                            : Limited Liability Partnership

Registration Date                                   : 2nd January 1997

Commercial Registration Number            : 44953, Amman

Chamber Membership Number                : 55169

National ID Number                                : 200016840

Issued Capital                                        : JD 5,000

Paid up Capital                                      : JD 5,000

Total Workforce                                     : 12

Activities                                               : Distributors of tarpaulins, tents and camping materials and products

Financial Condition                                 : Fair

Payments                                             : Nothing detrimental uncovered

Operating Trend                                     : Steady

Person Interviewed                                 : Ahmed Rajab Saleem Tabazah, Partner

 

COMPANY NAME

 

YOUSEF & ZEYAD AHMED RAJAB TABAZAH CO LTD

 

 

ALSO KNOWN AS

 

YOUSEF TABAZAH TRADING EST

 

 

ADDRESS

 

Registered & Physical Address

 

Building             : Building No. 275

Street               : Khelda Wasfi Al Tal Street

PO Box             : 23503

Town                 : Amman 11115

Country             : Jordan

Telephone         : (962-6) 4615036

Facsimile          : (962-6) 5716177

Mobile               : (962-79) 6450056

 

Premises

 

Subject operates from a small suite of offices and a warehouse that are rented and located in the Central Business Area of Amman.

 

 

KEY PRINCIPALS

 

            Name                                                                           Position

 

Yousef Rajab Saleem Tabazah                                                    Managing Partner

Zeyad Rajab Saleem Tabazah                                                     Partner

Ahmed Rajab Saleem Tabazah                                                   Partner

 

 

LEGAL FORM & OWNERS

 

Date of Establishment              : 2nd January 1997

Legal Form                              : Limited Liability Partnership

Commercial Reg. No.              : 44953, Amman

Chamber Member No.             : 55169

National ID No.                                    : 200016840

Issued Capital                          : JD 5,000

Paid up Capital                        : JD 5,000

 

Name of Partners

 

Yousef Rajab Saleem Tabazah

Zeyad Rajab Saleem Tabazah

Ahmed Rajab Saleem Tabazah

 

 

OPERATIONS

 

Activities: Engaged in the import and distribution of tarpaulins, tents and camping materials and products.

 

Import Countries: Europe and the Far East.

 

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 31/12/10:                Year Ending 31/12/11:

 

Total Sales                                JD 950,000                                JD 1,130,000

 

Local sources consider subject’s financial condition to be Fair.

 

The above financial figures are based on estimations by our local sources.

 

 

BANKERS

 

HSBC Bank Middle East

Khalid Bin Walid Street

Jebel Hussein

PO Box: 925286

Amman

Tel: (962-6) 5660471 / 5607471

Fax: (962-6) 5692964

 

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 company is considered to be a fair trade risk.

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.70

UK Pound

1

Rs.87.55

Euro

1

Rs.68.85

 

INFORMATION DETAILS

 

Report Prepared by :

SHG

 

 

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.