MIRA INFORM REPORT
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Report Date : |
14.03.2012 |
IDENTIFICATION DETAILS
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Name : |
DURRAT AL KHAIR TRADING COMPANY LTD |
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Registered Office : |
Kamal Building, 3rd
Floor, Office No. 8, Nasouh Ali Taher Street, Swafiyah, P O Box 852288, Amman |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
10.05.2006 |
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Com. Reg. No.: |
12085, Amman |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of general foodstuff products. |
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No. of Employees
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07 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
US$ 100,000 |
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Status : |
Moderate |
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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 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 : DURRAT AL KHAIR TRADING COMPANY LTD
Country of Origin : Jordan
Legal Form : Limited Liability Company
Registration Date : 10th May 2006
Commercial Registration Number : 12085, Amman
Membership Number : 125479
National ID Number : 200007686
Issued Capital : JD 200,000
Paid up Capital : JD 200,000
Total Workforce : 7
Activities : Distributors of general foodstuff products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 100,000
DURRAT AL KHAIR TRADING COMPANY LTD
Registered &
Physical Address
Building : Kamal Building, 3rd
Floor, Office No. 8
Street : Nasouh Ali Taher Street
Area : Swafiyah
PO Box : 852288
Town : Amman
Country : Jordan
Telephone : (962-6) 5852139
Facsimile : (962-6) 5861631
Mobile : (962-79) 5792634
Email : durratalkhair@yahoo.com
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
·
Mqablain
Area Warehouse
premises
·
Zarqa
Free Zone Warehouse
premises
Name Nationality Position
·
Khader
Abdul Ameer Jawad Al Saadi Iraqi Managing Director
·
Mohamed
Abdullah Ahmed Al Farraj Jordanian Director
Date of Establishment : 10th
May 2006
Legal Form :
Limited Liability Company
Commercial Reg. No. : 12085, Amman
Membership No. :
125479
National ID No. :
200007686
Issued Capital : JD 200,000
Paid up Capital : JD 200,000
Name of Shareholder
(s) Percentage
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Khader
Abdul Ameer Jawad Al Saadi 50%
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Mohamed
Abdullah Ahmed Al Farraj 50%
·
Al
Saadi Co
Iraq
·
Iraq Al
Salam Co
Iraq
·
Al
Saadi Contracting Co
Iraq
Activities: Engaged in the import and distribution of
general foodstuff products.
Import
Countries: India
Export
Countries: Iraq
Operating Trend: Steady
Subject has a
workforce of 7 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 1,750,000 JD 2,100,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Societe
Generale de Banque Jordan
280 Prince Mohammed Street
Amman
Tel: (962-6) 4614925
Fax: (962-6) 4614874
No complaints
regarding subject’s payments have been reported.
We were unable to
make direct contact with the subject during the course of this investigation.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.85 |
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UK Pound |
1 |
Rs.77.97 |
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Euro |
1 |
Rs.65.62 |
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.