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Hue Mi
08-02-2009, 12:07 PM
Dabbagh: the liquidation of a high public transport and trade (http://74.125.127.132/translate_c?hl=en&ie=UTF-8&sl=ar&tl=en&u=http://www.kululiraq.com/modules.php%3Fname%3DNews%26file%3Darticle%26sid%3 D45595&prev=_t&rurl=translate.google.com&usg=ALkJrhg86VZF31ZUNKDc3h9-WJlX-6y1Zw)
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, "A spokesman for the Iraqi government d. Ali al-Dabbagh said the Cabinet decided to approve the liquidation of the company's high transport and trade with the authorization of the Ministry of Transport to invite the General Authority for an extraordinary meeting for the purposes of the liquidation basis of the contract to set up a company and its statute.


Dabbagh noted that the approval of the liquidation of the company's high transport and trade that came after the general percentage of the company's losses of more than (434%) of the capital, the company has sent representatives from the Ministry of Transport to the headquarters of the company for the purpose of parking in their financial position has been agreed by the Council of Ministers on the issue of liquidation of the company, al-Dabbagh explained that the Ministry of Transport requested the presentation of the subject of liquidation to the Council of Ministers and the appointment of a committee comprising representatives from the Ministries of Transport and Finance and a representative of the Office of Financial Supervision of the Ministry of Transport has (49%) of the company's capital and has a Jordanian citizens (51%) of its capital has been the company's losses amounted to more than (434%) of the capital of what makes the basis of the liquidation of the company's contract to set up the statute as the statute provides that if the company's losses amounted to three-quarters of the value of capital must be liquidated unless the General Board decided to increase their capital including at least half of the losses and has supported the Office of the liquidation of the company's financial control and accountability of the representatives of the Iraqi side of the board of directors, and their role in the management of the company.

Dabbagh added that the company was founded in 1994 and then held a supplement to the addition of the words (of the air freight and passenger transport on non-scheduled air the company's activity) was founded by a Jordanian citizens and the Iraqi Ministry of Transportation with a capital of $ (820) A JD is funded in full and after the Office of Financial Supervision audit the final accounts of high transport and trade with limited liability for the years 2005,2006,2007, which was registered under No. 3650 in Companies Control Department, Ministry of Industry and Trade of the Hashemite Kingdom of Jordan, it was clear that the losses amounted to more than (434%) and the log files indicate that it's working in the field of import and export brokers and freight on the roads and working on land and sea transport of goods and its work in the tourism, travel and accessories and has a Funds are also an employee in the agency of marine and general trade which amounted to a total loss of the company in 2007 about (1,300,000) for loss of JD joint operation of ships and the loss of sales of tickets (trucks Man) and loss of passenger transport branch and the company's accumulated losses amounted to as it is in 31/12 / phenomenon in 2007 and its balance sheet for the year in question amounted to $ (3,656,723) JD has therefore made the recommendation to liquidate the company.