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Report Date : |
07.06.2012 |
IDENTIFICATION DETAILS
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Name : |
AL ARIF EST FOR SPRING TRADING |
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Registered Office : |
Belt Road, Abu Alanda, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
14.05.2000 |
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Com. Reg. No.: |
118459, Amman |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Distribution of springs, rubber, brushes, pins, centre bolts and heavy truck spare parts |
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No. of Employees : |
03 |
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 |
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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 ARIF EST FOR SPRING TRADING
Country of Origin : Jordan
Legal Form : Sole Proprietorship
Registration Date : 14th May 2000
Commercial Registration Number : 118459, Amman
National ID Number : 100032923
Invested Capital : JD 5,000
Total Workforce : 3
Activities : Distribution of springs, rubber, brushes, pins, centre bolts and heavy
truck spare parts.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Yazan Sallah,
Sales Manager
AL ARIF EST FOR
SPRING TRADING
Registered &
Physical Address
Street : Belt Road
Area : Abu Alanda
PO Box : 510266
Town : Amman 11151
Country : Jordan
Telephone : (962-6) 4165939
Facsimile : (962-6) 4165939
Mobile : (962-79) 5646652
Email : alarif_est@hotmail.com / sallam_est@hotmail.com
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Industrial Area of Amman
Name Position
·
Marouf
Hussain Arif Sallam Proprietor
& General Manager
·
Yazan
Sallah Sales
Manager
Date of Establishment : 14th
May 2000
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 118459, Amman
National ID No. :
100032923
Invested Capital
: JD 5,000
Mr Marouf Hussain
Arif Sallam is the sole proprietor of the business.
Activities: Engaged in the import and distribution of
springs, rubber, brushes, pins, centre bolts and heavy truck spare parts.
Import
Countries: India, Turkey
and Italy.
International
Suppliers:
·
B S
International India
·
SEM Turkey
·
Euro
Trading Italy
Operating Trend: Steady
Subject has a
workforce of 3 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 800,000 JD 850,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Shmeisani Branch
PO Box: 926225
Tel: (962-6) 5677377
Fax: (962-6) 5666326
No complaints
regarding subject’s payments have been reported.
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
business is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.50 |
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UK Pound |
1 |
Rs.85.58 |
|
Euro |
1 |
Rs.69.30 |
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 |
|
<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.