MIRA INFORM REPORT

 

 

Report Date :

03.02.2012

 

IDENTIFICATION DETAILS

 

Name :

KHAIRAT AL SHAMAL CO LTD

 

 

Formerly Known As :

KHAIRAT AL SHAMAL FOR POULTRY & FODDER

 

 

Registered Office :

Manshiyat Bin Hassan Area PO Box 617 Mafraq 25110

 

 

Country :

Jordan

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

21.06.2006

 

 

Com. Reg. No.:

11483, Mafraq

 

 

Legal Form :

Limited Liability Partnership

 

 

Line of Business :

Poultry breeders and distributors of animal fodder.

 

 

No. of Employees :

130

 

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

 

Maximum Credit Limit :

US$ 300,000

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 – September 30, 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                                     : KHAIRAT AL SHAMAL CO LTD

Also Known As                                      : KHAIRAT AL SHAMAL FOR POULTRY & FODDER

Country of Origin                                    : Jordan

Legal Form                                            : Limited Liability Partnership

Registration Date                                   : 21st June 2006

Commercial Registration Number                        : 11483, Mafraq

Chamber Membership Number                : 8035

National ID Number                                : 200003234

Issued Capital                                        : JD 150,000

Paid up Capital                                      : JD 150,000

Total Workforce                                     : 130

Activities                                               : Poultry breeders and distributors of animal fodder.

Financial Condition                                 : Fair

Payments                                             : Nothing detrimental uncovered

Operating Trend                                     : Steady

Recommended Credit Limit                     : US$ 300,000

Person Interviewed                                 : Ahmed Karasana, Finance Manager

 

COMPANY NAME

 

KHAIRAT AL SHAMAL CO LTD

 

ALSO KNOWN AS: KHAIRAT AL SHAMAL FOR POULTRY & FODDER

 

 

ADDRESS

 

Registered & Physical Address

 

Location            : Manshiyat Bin Hassan Area

 

PO Box             : 617

 

Town                 : Mafraq 25110

Country             : Jordan

 

Telephone         : (962-2) 6232542 / 6232543

Facsimile          : (962-2) 6233542

Mobile               : (962-79) 5576849

Email                : argganco@orange.jo

 

Premises

 

Subject operates from a large suite of offices and a warehouse that are rented and located in the Rural Area of Mafraq.

 

 

KEY PRINCIPALS

 

     Name                                                                                               Position

 

·       Kheiro Rashid Hamad Al Mashaqbeh                                                  Managing Partner

 

·       Sulaiman Rashid Hamad Al Mashaqbeh                                              Partner

 

·       Rashid Rashid Hamad Al Mashaqbeh                                     Partner

 

·       Azzam Rashid Hamad Al Mashaqbeh                                     Partner

 

·       Ahmed Karasana                                                                              Finance Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 21st June 2006

 

Legal Form                  : Limited Liability Partnership

 

Commercial Reg. No.  : 11483, Mafraq

 

Chamber Member No. : 8035

 

National ID No.            : 200003234

 

Issued Capital              : JD 150,000

 

Paid up Capital            : JD 150,000

 

Name of Partners

 

·       Kheiro Rashid Hamad Al Mashaqbeh

·       Sulaiman Rashid Hamad Al Mashaqbeh

·       Rashid Rashid Hamad Al Mashaqbeh

·       Azzam Rashid Hamad Al Mashaqbeh

 

 

OPERATIONS

 

Activities: Engaged as poultry breeders and distributors of animal fodder.

 

Import Countries: Europe and GCC countries.

 

Operating Trend: Steady

 

Subject has a workforce of 130 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 3,475,000                             JD 4,000,000

 

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

 

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

 

 

BANKERS

 

·       Arab Bank Plc

PO Box: 144186

King Faisal Street

Mafraq 11814

 

 

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.49.13

UK Pound

1

Rs.77.85

Euro

1

Rs.64.75

 

 

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.