MIRA INFORM REPORT
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Report Date : |
25.02.2012 |
IDENTIFICATION DETAILS
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Name : |
ABU ODEH BROS CO |
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Registered Office : |
Wadi Remam, P O Box 425685, Amman 11140 |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
08.09.1997 |
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Com. Reg. No.: |
47533, Amman |
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Legal Form : |
General Partnership |
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Line of Business : |
wholesale and retail of general foodstuff products,
including grains, dairy, preserves, nuts
and beans |
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No. of Employees
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34 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 650,000 |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Jordan |
b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Name : ABU ODEH BROS CO
Country of Origin : Jordan
Legal Form : General Partnership
Registration Date : 8th September 1997
Commercial Registration Number : 47533, Amman
National ID Number : 200115859
Partners Capital : JD 5,000
Total Workforce : 34
Activities : Wholesale and retail of general foodstuff products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 650,000
ABU ODEH BROS CO
Registered &
Physical Address
Street : Yarmouk Street
Area : Wadi Remam
PO Box : 425685
Town : Amman 11140
Country : Jordan
Telephone : (962-6) 4914961 / 4123683
Facsimile : (962-6) 4907878
Email : mabuodeh@batelco.jo / info@abuodehbros.com
Premises
Subject operates
from a medium sized suite of offices and a showroom that are rented and located
in the Central Business Area of Amman.
Branch Office
(s)
Location Description
·
Yadoudeh Warehouse
premises
Amman
Name Position
·
Mohamed
Mahmoud Sulaiman Abu Odeh Managing
Partner
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Bassam
Mahmoud Sulaiman Abu Odeh Partner
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Ismail
Mahmoud Sulaiman Abu Odeh Partner
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Zein
Abideen Mahmoud Sulaiman Abu Odeh Partner
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Anas
Abu Odeh Sales
Manager
·
Adnan
Badran Finance
Manager
·
Suhail
Al Nabahan Commercial
Manager
Date of Establishment : 8th
September 1997
Legal Form :
General Partnership
Commercial Reg. No. : 47533, Amman
National ID No. :
200115859
Partners Capital : JD 5,000
Name of Partner (s) Percentage
·
Mohamed
Mahmoud Sulaiman Abu Odeh 25%
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Bassam
Mahmoud Sulaiman Abu Odeh 25%
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Ismail
Mahmoud Sulaiman Abu Odeh 25%
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Zein
Abideen Mahmoud Sulaiman Abu Odeh 25%
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Anas
Abu Odeh & Partner
Sahab Industrial Area
Amman
Tel: (962-6) 4050012
Fax: (962-6) 4050014
Activities: Engaged in the wholesale and retail of
general foodstuff products, including grains, dairy, preserves, nuts and beans.
Import Countries: Egypt, Turkey, Canada, Syria and the United
States of America
Export
Countries: Egypt, Syria,
Palestine, Saudi Arabia and the United Arab Emirates
Brand Names: ALBASHA
Operating Trend: Steady
Subject has a
workforce of 34 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 4,620,000 JD 5,000,000
Local sources consider
subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Bank of
Jordan Ltd
King Hussain Street
PO Box: 37
Amman
Tel: (962-6) 5630301
Fax: (962-6) 5638889
No complaints
regarding subject’s payments have been reported.
Credit amount 150,000
Amount overdue 0
Payment terms 60
days
Payment Method Letters
of Credit
Paying record No
Complaints
Currency US
Dollars
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.07 |
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UK Pound |
1 |
Rs.77.19 |
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Euro |
1 |
Rs.65.57 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.