|
Report Date : |
20.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
BOSTON FRIED CHICKEN CO |
|
|
|
|
Registered Office : |
Assi Centre, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
10.12.2009 |
|
|
|
|
Com. Reg. No.: |
20343 |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
|
|
|
|
Line of Business : |
Subject is engaged in the operation of fast food restaurants. Subject
holds the franchise rights from Boston Fried Chicken of the |
|
|
|
|
No of Employees : |
300 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Jordan |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
JORDAN - ECONOMIC OVERVIEW
Jordan's economy is among the
smallest in the Middle East, with insufficient supplies of water, oil, and
other natural resources underlying the government's heavy reliance on foreign
assistance. Other economic challenges for the government include chronic high
rates of poverty, unemployment, inflation, and a large budget deficit. Since
assuming the throne in 1999, King ABDALLAH has implemented significant economic
reforms, such as opening the trade regime, privatizing state-owned companies,
and eliminating some fuel subsidies, which in the last decade spurred economic
growth by attracting foreign investment and creating some jobs. The global
economic slowdown and regional turmoil, however, have depressed Jordan's GDP
growth, impacting export-oriented sectors, construction, and tourism. In 2011
and 2012, the government approved two economic relief packages and a budgetary
supplement, meant to improve the living conditions for the middle and poor
classes. Jordan's finances have also been strained by a series of natural gas
pipeline attacks in Egypt, causing Jordan to substitute more expensive diesel
imports, primarily from Saudi Arabia, to generate electricity. Jordan is
currently exploring nuclear power generation in addition to the exploitation of
abundant oil shale reserves and renewable technologies to forestall energy
shortfalls. In 2012, to correct budgetary and balance of payments imbalances,
Jordan entered into a $2.1 billion, multiple year International Monetary Fund
Stand-By Arrangement. Jordan's financial sector has been relatively isolated
from the international financial crisis because of its limited exposure to
overseas capital markets. In 2013, Jordan depended heavily on foreign
assistance to finance the budget deficit, as the influx of about 600,000 Syrian
refugees put additional pressure on expenditures.
|
Source
: CIA |
Company Name :
BOSTON FRIED CHICKEN CO
Also Known As :
BOSTON RESTAURANTS
Country of Origin :
Jordan
Legal Form :
Limited Liability Partnership
Registration Date :
10th December 2009
Commercial Registration Number :
20343, Amman
National ID Number :
200107523
Issued Capital :
JD 30,000
Paid up Capital :
JD 30,000
Total Workforce :
300
Activities :
Operators of fast food restaurants
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
BOSTON FRIED CHICKEN CO
ALSO KNOWN AS: BOSTON RESTAURANTS
Registered &
Physical Address
Building : Assi Centre
Street : Al Hamra
Street
Area : Sweifieh
Area
PO Box : 850782
Town : Amman 11185
Country : Jordan
Telephone : (962-6) 5827654
/ 5824654
Facsimile : (962-6)
5827854
Mobile : (962-79)
5646471 (962-78) 6199555
Email : massi@bfc.com.jo
/ boston@go.com.jo
Premises
Subject operates from a large suite of offices that are owned and
located in the Central Business Area of Amman.
Name Position
Mohamed Sami Mohamed Assi Managing
Partner
Malek Sami Mohamed Assi Partner
Tahani Sami Mohamed Assi Partner
Randah Sami Mohamed Assi Partner
Sara Sami Mohamed Assi Partner
Sally Sami Mohamed Assi Partner
Date of Establishment : 10th
December 2009
Legal Form :
Limited
Liability Partnership
Commercial Reg. No. : 20343, Amman
National ID No. :
200107523
Issued Capital : JD 30,000
Paid up Capital : JD 30,000
Name of Partners
Mohamed Sami Mohamed Assi
Malek Sami Mohamed Assi
Tahani Sami Mohamed Assi
Randah Sami Mohamed Assi
Sara Sami Mohamed Assi
Sally Sami Mohamed Assi
Activities: Engaged in the operation of fast food restaurants. Subject holds the
franchise rights from Boston Fried
Chicken of the USA covering Jordan, North
Africa and the GCC
Import Countries: United States of America
Brand Names: BOSTON FRIED CHICKEN
Subject has a workforce of approximately 300 employees.
Companies registered in Jordan are not legally required to make their
accounts public and no financial information was released by the company or
submitted by outside sources.
Arab Bank Plc
Shmeisani Branch
PO Box: 950545 & 950544
Amman 11195
Tel: (962-6) 5607231 / 5607115
Fax: (962-6) 5606793 / 5606830
Email: secretariat@arabbank.com.jo
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 company is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.73 |
|
|
1 |
Rs.101.47 |
|
Euro |
1 |
Rs.81.04 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
|
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 |
|
-- |
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.