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Report Date : |
19.05.2012 |
IDENTIFICATION DETAILS
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Name : |
BAQOUBAH TRADING CO |
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Registered Office : |
Building No. 4, 3rd
Floor, Swafiah Areaal |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
22.02.2006 |
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Com. Reg. No.: |
372, |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Distributors of fresh and frozen meat, poultry and foodstuffs |
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No. of Employees : |
08 |
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company Name : BAQOUBAH TRADING CO
Country of Origin : Jordan
Legal Form : Limited Liability Partnership
Registration Date : 22nd February 2006
Commercial Registration Number : 372, Amman
National ID Number : 200006331
Issued Capital : JD 30,000
Paid up Capital : JD 30,000
Total Workforce : 8
Activities : Distributors of fresh and frozen meat, poultry and foodstuffs.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
BAQOUBAH TRADING CO
Registered &
Physical Address
Building : Building No. 4, 3rd
Floor
Street : Swafiah Areaal Wikalat Street
Area : Telal Al Ali
PO Box : 934
Town : Amman 11953
Country : Jordan
Telephone : (962-6) 5819098
Facsimile : (962-6) 5819097 / 5819087
Mobile : (962-79) 5560628
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Amman.
Name Position
·
Fadel
Jaffaar Managing Partner
·
Haytham
Fadel Jaffaar Partner
Date of Establishment : 22nd
February 2006
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 372, Amman
National ID No. :
200006331
Issued Capital : JD 30,000
Paid up Capital : JD 30,000
Name of Partners
·
Fadel
Jaffaar
·
Haytham
Fadel Jaffaar
Activities: Engaged in the import and distribution of
fresh and frozen meat, poultry and foodstuffs.
Import
Countries: Europe and the
Far East
Operating Trend: Steady
Subject has a
workforce of 8 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 1,580,000 JD 1,650,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Jordan
National Bank
Jabal Amman Branch
PO Box: 1578
Amman 11118
Tel: (962-6) 5642391
Fax: (962-6) 5628809
·
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.
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.54.88 |
|
UK Pound |
1 |
Rs.86.46 |
|
Euro |
1 |
Rs.69.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
|
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 |
|
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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.