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Report Date : |
30.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
GOLDEN BROTHERS CO FOR TRADING & SUPPLIES
LTD |
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Registered Office : |
Shakeeb Centre
Building, Shareef Nasser Bin Jameel Street, P O Box 941902, Amman 11194 |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
15.07.2008 |
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Com. Reg. No.: |
16777, Amman |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Distributors of general foodstuff products |
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No. of Employees : |
16 employees |
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 |
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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 – 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 : GOLDEN BROTHERS CO FOR TRADING & SUPPLIES LTD
Country of Origin : Jordan
Legal Form : Limited Liability Partnership
Registration Date : 15th July 2008
Commercial Registration Number : 16777, Amman
National ID Number : 2000097090
Issued Capital : JD 30,000
Paid up Capital : JD 30,000
Total Workforce : 16
Activities : Distributors of general foodstuff products
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
GOLDEN BROTHERS CO
FOR TRADING & SUPPLIES LTD
Registered &
Physical Address
Building : Shakeeb Centre Building
Street : Shareef Nasser Bin Jameel
Street
PO Box : 941902
Town : Amman 11194
Country : Jordan
Telephone : (962-6) 5679199 / 4200831
Facsimile : (962-6) 5678652 / 4200401
Mobile : (962-79) 9919998
Email : viva-gm@orange.jo
Premises
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Amman.
Name Position
·
Hassan
Ghassan Shakee Khirfan Managing
Partner
·
Basil
Ghassan Shakee Khirfan Partner
·
Ahmed
Ghassan Shakee Khirfan Partner
·
Yazan
Ghassan Shakee Khirfan Partner
·
Abdullah
Ghassan Shakee Khirfan Partner
Date of Establishment : 15th
July 2008
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 16777, Amman
National ID No. :
2000097090
Issued Capital : JD 30,000
Paid up Capital : JD 30,000
Name of Partners
·
Hassan Ghassan
Shakee Khirfan
·
Basil
Ghassan Shakee Khirfan
·
Ahmed
Ghassan Shakee Khirfan
·
Yazan
Ghassan Shakee Khirfan
·
Abdullah
Ghassan Shakee Khirfan
·
Shakeeb
Khirfan Group For Trading & Industry & Investment
Amman
Activities: Engaged in the import and distribution of
general foodstuff products.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 16 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 1,100,000 JD 1,180,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
HSBC
Bank Middle East
Khalid Bin Walid Street
Jebel Hussein
PO Box: 925286
Amman
Tel: (962-6) 5660471 / 5607471
Fax: (962-6) 5692964
No complaints regarding
subject’s payments have been reported.
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.55.67 |
|
UK Pound |
1 |
Rs.88.05 |
|
Euro |
1 |
Rs.69.96 |
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.