MIRA
INFORM REPORT
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Report Date : |
13.01.2012 |
IDENTIFICATION DETAILS
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Name : |
JAMIL KHADER
& BROS TRADING CO |
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Registered Office : |
Ameer Hassan
Street, Al Wehdat Area, 621169, Amman 11162 |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
09.04.1982 |
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Com. Reg. No.: |
7627, Amman |
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Legal Form : |
Limited Liability
Partnership |
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Line of Business : |
Engaged in the import
and distribution of hardware, hand tools, pressure hoses, car supplies,
industrial machinery and equipment. |
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No. of Employees : |
15 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 125,000 |
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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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Jordan |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SUMMARY
Company Name :
JAMIL KHADER & BROS TRADING CO
Country of Origin :
Jordan
Legal Form :
Limited Liability Partnership
Registration Date :
9th April 1982
Commercial Registration Number :
7627, Amman
Chamber Membership Number :
3932
Issued Capital :
JD 100,000
Paid up Capital :
JD 100,000
Total Workforce :
15
Activities :
Distributors of hardware, hand tools, pressure hoses, car supplies,
industrial machinery and equipment.
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit :
US$ 125,000
COMPANY NAME
JAMIL KHADER &
BROS TRADING CO
ADDRESS
Registered & Physical Address
Street : Ameer Hassan Street
Area : Al Wehdat Area
PO Box :
621169
Town : Amman 11162
Country : Jordan
Telephone : (962-6) 4746400 / 4749211
Facsimile : (962-6) 4779189 / 4749218
Email : jkbco@go.com.jo
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Amman.
Branch Office
(s)
Location Description
·
TV
& Broadcasting Street Warehouse
premises
Amman
Tel: (962-6) 4749211
KEY PRINCIPALS
Name Position
·
Jamil
Khader Managing
Partner
·
Mohamed
Khader Partner
·
Jamal
Khader Partner
·
Haroon
Khader Partner
LEGAL FORM & OWNERS
Date of Establishment : 9th
April 1982
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 7627, Amman
Chamber Member No. : 3932
Issued Capital : JD 100,000
Paid up Capital : JD 100,000
Name of Partners
·
Jamil
Khader
·
Mohamed
Khader
·
Jamal
Khader
·
Haroon
Khader
AFFILIATED OPERATIONS
Activities: Engaged in the import and distribution of
hardware, hand tools, pressure hoses, car supplies, industrial machinery and
equipment.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 15 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency: Jordanian
Dinars (JD)
Year
Ending 31/12/09: Year
Ending 31/12/10:
Total Sales JD 1,470,000 JD 1,650,000
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
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 and the above
credit figure is considered to be within subject’s financial means.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.83 |
|
|
1 |
Rs.79.42 |
|
Euro |
1 |
Rs.65.90 |
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 |
|
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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.