MIRA INFORM REPORT

 

 

Report Date :           

31.01.2012

 

IDENTIFICATION DETAILS

 

Name :

AL BURJ AGRIVET PESTICIDE MANUFACTURING CO

 

 

Registered Office :

Building No. 48, 1st Floor, Ahmed Al Tarawada Street, Al Jubiha Area, P O Box 2057, Amman 11941

 

 

Country :

Jordan

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

20.03.2005

 

 

Com. Reg. No.:

9765, Amman

 

 

Legal Form :

Limited Liability Partnership

 

 

Line of Business :

Manufacture of veterinary pesticides, insecticides, fungicides, herbicides, and fertilizers

 

 

No. of Employees :

25

 

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 30th, 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                                     : AL BURJ AGRIVET PESTICIDE MANUFACTURING CO

Also Known As                                      : SHATARA MOUSA & PARTNERS

Country of Origin                                    : Jordan

Legal Form                                            : Limited Liability Partnership

Registration Date                                   : 20th March 2005

Commercial Registration Number            : 9765, Amman

Membership Number                              : 17237

National ID Number                                : 200021108

Issued Capital                                        : JD 320,000

Paid up Capital                                      : JD 320,000

Total Workforce                                     : 25

Activities                                               : Manufacture of veterinary pesticides, insecticides, fungicides,

herbicides, and fertilizers.

Financial Condition                                 : Fair

Payments                                             : Nothing detrimental uncovered

Operating Trend                                     : Steady

Recommended Credit Limit                     : US$ 300,000        

Person Interviewed                                 : Walid Ibrahim Mousa, Managing Partner

 

COMPANY NAME

 

AL BURJ AGRIVET PESTICIDE MANUFACTURING CO

 

 

ALSO KNOWN AS

 

SHATARA MOUSA & PARTNERS

 

 

company ADDRESS

 

Registered & Physical Address

Building             : Building No. 48, 1st Floor

Street               : Ahmed Al Tarawada Street

Area                 : Al Jubiha Area

PO Box             : 2057

Town                 : Amman 11941

Country             : Jordan

Telephone         : (962-6) 5337803 / 5346024 / 5346028 / 5337803

Facsimile          : (962-6) 5337804

Email                : diarco@go.com.jo / diarco@zain.com.jo

 

Premises

 

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

 

Branch Offices

 

     Location                                                                                          Description

 

·       Sahab Industrial Area                                                                        Factory premises covering 3,016

Amman                                                                                            square metres

     Tel: (962-6) 4025448

     Fax: (962-6) 4025449

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

 

·       Walid Ibrahim Mousa                                                             Managing Partner

 

·       Suhail Tawfiq Shatara                                                                        Partner

 

·       Thana Hassan Zeinab                                                                        Partner

 

·       Ahmed Habayeba                                                                              Factory Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 20th March 2005

 

Legal Form                  : Limited Liability Partnership

 

Commercial Reg. No.  : 9765, Amman

 

Membership No.          : 17237

 

National ID No.            : 200021108

 

Issued Capital              : JD 320,000

 

Paid up Capital            : JD 320,000

 

Name of Partner (s)

 

·       Walid Ibrahim Mousa

 

·       Suhail Tawfiq Shatara

 

·       Thana Hassan Zeinab

 

 

AFFILIATED COMPANIES

 

·       Al Diyar Veterinary Corp

Amman

    

 

OPERATIONS

 

Activities: Engaged in the manufacture of veterinary pesticides, insecticides, fungicides, herbicides, and fertilizers.

 

Subject is ISO 9001 accredited.

 

Import Countries: Spain and India

 

Export Countries: Sudan, Egypt, Tunisia, Algeria, Lebanon, Saudi Arabia, Yemen, India and China

 

Operating Trend: Steady

Subject has a workforce of 25 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 2,525,000                             JD 3,000,000

 

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

 

The above figures were provided by Mr Walid Ibrahim Mousa, Managing Partner

 

 

BANKERS

 

·       HSBC Bank Middle East

Khalid Bin Walid Street

Jebel Hussein

PO Box: 925286

Amman

Tel: (962-6) 5660471 / 5607471

Fax: (962-6) 5692964

 

·       Housing Bank for Trading & Finance

Parliament Street

PO Box: 7693

Amman

Tel: (962-6) 5667126

 

 

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.49.50

UK Pound

1

Rs.77.74

Euro

1

Rs.65.19

 

 

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.