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Report No. : |
348150 |
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Report Date : |
14.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
WALID AYOUB ALI & SONS |
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|
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Registered Office : |
Jibara Building No. 17, Office No. 3, B1 Floor
Al Gardens Street Amman 11953 |
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|
|
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Country : |
Jordan |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
24.04.2005 |
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Com. Reg. No.: |
968 |
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|
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Legal Form : |
Limited Liability Company |
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|
|
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Line of Business : |
Import and distribution of general foodstuff and chemicals (1) |
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|
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No. of Employee : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Jordan |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
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Off-credit |
D |
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1) Name (s): |
||
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Organization Official Name |
: |
WALID AYOUB ALI & SONS |
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|
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2) Registered
Address: |
||
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Address |
: |
Jibara Building No. 17, Office No. 3, B1
Floor |
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Town |
: |
Amman 11953 |
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Country |
: |
Jordan |
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PO Box |
: |
2841 |
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Phone (s) |
: |
(962-6) 5530526 |
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|
|
(962-6) 5530527 |
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Facsimile |
: |
(962-6) 5515735 |
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Email |
: |
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|
Mobile |
: |
(962-79) 6312955 |
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|
||
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3) Operational
Address & Contact Details: |
||
|
Address |
: |
Jibara Building No. 17, Office No. 3, B1
Floor |
|
Town |
: |
Amman 11953 |
|
Country |
: |
Jordan |
|
PO Box |
: |
2841 |
|
Phone (s) |
: |
(962-6) 5530526 |
|
|
|
(962-6) 5530527 |
|
Facsimile |
: |
(962-6) 5515735 |
|
Email |
: |
|
|
Mobile |
: |
(962-79) 6312955 |
|
Legal Form - Category |
: |
Limited Liability Company |
|
Date of Registration |
: |
24th April 2005 |
|
Commercial Registration Number |
: |
968 |
|
History |
: |
Subject began in 2005 under the name
“Walid Ayoub Ali & Partner”. However on 21st September 2009 it re-registered
under the new name “Walid Ayoub Ali & Sons”. |
|
Chamber Membership Number |
: |
116902 |
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Operational Status |
: |
Steady |
|
Financial Condition |
: |
Fair |
|
Primary Business Activity |
: |
Import and distribution of general
foodstuff and chemicals (1) |
|
Number of Employees |
: |
10 |
|
Capital |
: |
JD 100,000 |
|
Note: 1 |
||
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Engaged in the import and distribution of
general foodstuffs, ingredients, food colourings, dairy products and chemicals. |
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Issued Capital: |
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NO OF SHARES |
VALUE OF SHARE |
AMOUNT |
|
N/A |
N/A |
JD 100,000 |
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|
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Paid Up Capital: |
||
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NO OF SHARES |
|
AMOUNT |
|
N/A |
N/A |
JD 100,000 |
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Financial highlights provided by local
sources are given below: |
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Currency: Jordanian Dinars (JD) |
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|
|
Year Ending
31/12/13 |
Year Ending
31/12/14 |
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Total Revenue |
JD 1,620,000 |
JD 1,680,000 |
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Local sources consider subject’s financial
condition to be Fair. |
||
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The above financial figures are based on
estimations by our local sources. |
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1 |
Address |
Sahab Free Zone |
|
|
Country/City |
Amman |
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|
Description |
Office premises |
|
1 |
Name |
Jordan Investment & Finance Bank |
|
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Address |
Issam Ajlouni Street Shmeisani |
|
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PO Box |
950601 Amman 11195 |
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Tel |
(962-6) 5665145 |
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|
|
(962-6) 5692470 |
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Fax |
(962-6) 5681410 |
|
Sr.No |
Name of
Shareholders |
Nationality |
|
1 |
Walid Ayoub Ali |
Iraqi |
|
2 |
Rayan Walid Ayoub Ali |
Iraqi |
|
3 |
Neshwan Walid Ayoub Ali |
Iraqi |
|
Sr.No |
Name |
Nationality |
Dsignation |
|
1 |
Walid Ayoub Ali |
Iraqi |
Managing Partner |
|
2 |
Rayan Walid Ayoub Ali |
Iraqi |
Partner |
|
3 |
Neshwan Walid Ayoub Ali |
Iraqi |
Partner |
|
Sr.No |
Country |
Activity |
|
1 |
Belgium |
Import |
|
2 |
Germany |
Import |
|
3 |
China |
Import |
|
4 |
India |
Import |
|
5 |
Ireland |
Import |
|
6 |
United States of
America. |
Import |
|
|
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International
Suppliers: |
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|
Sr.No |
Name |
Country |
|
1 |
Kerry Group |
Ireland |
|
2 |
Irish Dairy
Board |
Ireland |
|
3 |
Glanbia Co Ltd |
India |
|
4 |
Cargill |
United States of
America |
|
|
||
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Subject operates from a small suite of
offices that are rented and located in the Central Business Area of Amman. |
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No complaints regarding subject’s payments
have been reported. |
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Performance Defaults |
: |
No record found |
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Payment Defaults |
: |
No record found |
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Adverse Press Coverage |
: |
No record found |
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Litigations |
: |
No record found |
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Former Business Relationships |
: |
No record found |
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Person
Interviewed : Rayan Walid Ayoub Ali,
Partner |
|
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.66.14 |
|
|
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.71.26 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SDA |
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.