MIRA
INFORM REPORT
|
Report Date : |
16.05.2007 |
IDENTIFICATION DETAILS
|
Name : |
AL JAWHARA GENERAL TRADING STORE |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
2000 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Importers,
wholesalers, marketers and retailers of marble, granite, floor and wall
files. |
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 |
|
Maximum Credit Limit : |
US$20,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
AL JAWHARA GENERAL TRADING STORE
Telephone 972 2 221 51 92
Mobile
972 59 966 45 03
Fax
972 2 229 31 30; 222 22 53
HISTORY
A sole
proprietorship, established in 2000 in the Palestinian Authority.
License Dealer No.
964101687.
OWNERSHIP
Gasah Sodqi
Jaabari
MANAGEMENT
1. Gasah Sodqui Jaabari, General Manager,
2. Nasri Baradi, Deputy General Manager.
BUSINESS
Importers, wholesalers,
marketers and retailers of marble, granite, floor and wall files.
Operating from:
1.
3 rented stores, each on an area of 50 sq. meters,
along the
2.
A warehouse, on an area of 2,000 sq. meters, owned
by Mr. Sodqui Jaabari, in Beer Haram, El
Ramah,
Having 20
employees.
MEANS
Financial data not
forthcoming.
ANNUAL SALES
Annual turnover
claimed to be
BANKERS
Housing Bank for
Trade and Finance, Hebron Branch,
CHARACTER AND
REPUTATION
Nothing
Unfavorable learned.
During 2004, the Palestinian economy started to recover for the first
time since the deterioration in the political situation in the region in
October 2000.
According to researches, GDP per capita in the Palestinian authority in
2004 summed at US$ 1,200, which is still lower than the GDP in 1999, which
reached US$ 1,500. GDP of the Palestinian Authority in 2004 was US$ 4.5
billion, 10% increase from 2003. Other positive figures were 27% increase
in exports and 23% increase in imports.
However, the World Bank Report from 2006 states that year 2006 has been
disastrous and one of the worst years in their economic history, following the
rising of the Hamas government. It led to the suspension of donations and
financial aid from the Western world, as well as to internal conflict,
including violence, between the Hamas supporters and those of the Phatah
movement.
The main damage has been in the Gaza Strip.
According to experts reports from December 2006, total GDP of the
Palestinian Economy in 2006 was US$ 3 billion, and deteriorated to lower than
US$ 1,000 per capita.
SUMMARY
Good for trade engagements.
Maximum unsecured credit recommended
US$20,000.
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)