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Report Date : |
28.07.2012 |
IDENTIFICATION DETAILS
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Name : |
AL SIHAM TRADING COMPANY LTD |
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Registered Office : |
Wasfi El Tel Street, Al Tla’a Ali PO Box 271 Amman 111953 |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
14.03.1985 |
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Com. Reg. No.: |
666, Amman |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
General contractors and suppliers of insulation materials |
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No. of Employees : |
30 |
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) |
|
Jordan |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
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 SIHAM TRADING COMPANY LTD
Country of Origin : Jordan
Legal Form : Limited Liability Company
Registration Date : 14th March 1985
Commercial Registration Number : 666, Amman
Chamber Membership Number : 1419
National ID Number : 200003069
Issued Capital : JD 250,000
Paid up Capital : JD 250,000
Total Workforce : 30
Activities : General contractors and suppliers of insulation materials
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
AL SIHAM TRADING COMPANY LTD
Location : Wasfi El Tel
Street, Al Tla’a Ali
PO Box : 271
Town : Amman 111953
Country : Jordan
Telephone : (962-6) 5526214
/ 5532219 / 5526082
Facsimile : (962-6)
5520732
Mobile : (962-79)
5522082
Email : alsiham44@hotmail.com
/ al_sihamco@hotmail.com
Subject operates from a medium sized suite of offices and a workshop
that are owned and located in the Central Business Area of Amman.
Name Position
· Fathi Khalil
Mahmoud Abu Arjaa Managing
Director
· Tayseer Mohamed Mahmoud
Abu Arjaa Director
· Essam Ahmed
Ibrahim Khamis Director
· Feras Mahmoud
Saeed Ghoniam General
Manager
· Ahmed Samara Assistant
General Manager
· Ahmed Samara Commercial
Manager
· Uday Hassan
Habayeb Accounts
Manager
Date of
Establishment : 14th
March 1985
Legal Form : Limited Liability
Company
Commercial Reg.
No. : 666, Amman
Chamber Member No. : 1419
National ID No. : 200003069
Issued Capital : JD 250,000
Paid up Capital : JD 250,000
· Fathi Khalil
Mahmoud Abu Arjaa
· Tayseer Mohamed
Mahmoud Abu Arjaa
· Essam Ahmed
Ibrahim Khamis
Activities: Engaged as general contractors and suppliers of sound and acoustic
insulation, thermal insulation and
waterproofing materials.
Import Countries: Saudi Arabia
International
Suppliers:
· Derma Tit Saudi Arabia
Operating Trend: Steady
Subject has a workforce of 30 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
3,200,000 JD
3,240,000
Local sources consider subject’s financial condition to be Fair.
·
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.
According to local sources, subject’s financial condition is satisfactory
whilst payments are made in a timely manner. The company’s operating history is
reportedly clear 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.55.41 |
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|
1 |
Rs.86.93 |
|
Euro |
1 |
Rs.68.10 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
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 |
|
<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.