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Report Date : |
25.07.2012 |
IDENTIFICATION DETAILS
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Name : |
AL MASAT LIL TAWREEDAT EL CHEMAWIEH CO LTD |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
16.02.2006 |
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Com. Reg. No.: |
11527, |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of chemicals. |
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No. of Employees : |
18 |
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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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) |
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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 : AL MASAT LIL TAWREEDAT EL CHEMAWIEH CO LTD
Also Known As : AL MASAT FOR CHEMICAL SUPPLIES CO LTD
Doing Business As : MASKEM MIDDLE EAST
Country of Origin : Jordan
Legal Form : Limited Liability Company
Registration Date : 16th February 2006
Commercial Registration Number : 11527, Amman
Chamber Membership Number :
124304
National ID Number : 200017282
Issued Capital : JD 100,000
Paid up Capital : JD 100,000
Total Workforce : 18
Activities : Distributors of chemicals.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Ibrahim Al Hazimi, Finance Manager
AL MASAT LIL
TAWREEDAT EL CHEMAWIEH CO LTD
AL
MASAT FOR CHEMICAL SUPPLIES CO LTD
MASKEM
MIDDLE EAST
Registered &
Physical Address
Building : Yousef Ziadeh Building, 4th
Floor, Office No. 401
Street : Wadi Sakra Street
PO Box : 6515
Town : Amman 11118
Country : Jordan
Telephone : (962-6) 5548462 / 5548463
Facsimile : (962-6) 5548439
Mobile : (962-7) 77407008
Email : alia.qarain@maskem-me.com / admin@maskem.me.com
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the
Suburban Business Area of Amman.
Name Position
·
Mrs Alia Saeed Qarain Joint
General Manager
·
Dr Feras Taysser Al Homsi Joint
General Manager
·
Ibrahim
Al Hazimi Finance
Manager
Date of Establishment : 16th
February 2006
Legal Form :
Limited Liability Company
Commercial Reg. No. : 11527, Amman
Chamber Member No. : 124304
National
ID No. : 200017282
Issued Capital : JD 100,000
Paid up Capital : JD 100,000
Name of
Shareholder (s)
·
Balourat For Chemical Supplies
Amman
Jordan
·
Arpadis
Chemicals NV
Belgium
Activities: Engaged in the import and distribution of chemicals for pharmaceuticals, veterinary products, feed
additives and
detergents.
Import
Countries: Belgium
Operating Trend: Steady
Subject has a
workforce of 18 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 12,180,000 JD 12,650,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Arab
Bank Plc
Shmeisani Branch
PO Box: 950545 & 950544
Amman 11195
Tel: (962-6) 5607231 / 5607115
Fax: (962-6) 5606793 / 5606830
No complaints
regarding subject’s payments have been reported.
During the course
of this investigation nothing detrimental was uncovered regarding the manner in
which payment obligations are fulfilled. The operating history is clear and the
financial situation is satisfactory. As such we are of the opinion that the
subject is 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.56.02 |
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UK Pound |
1 |
Rs.86.89 |
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Euro |
1 |
Rs.67.84 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.