MIRA
INFORM REPORT
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Report Date : |
02.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
ALBARRA |
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Registered Office : |
Anata Quarter Ramallah Palestinian Authority |
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Country : |
Israel |
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Date of Incorporation : |
1995 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Traders, Importers and Marketers of Plywood, Hardware for Carpentries,
and Allied Products. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Maximum Credit Limit : |
US$ 20,000. |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name of the company
ALBARRA
Telephone 972 2 581 98 67
Cellular 972 54 573 44 54
Fax 972 2 235 55 55
Anata Quarter
RAMALLAH PALESTINIAN
AUTHORITY
HISTORY & LEGAL FORMATION
A sole
proprietorship, established in 1995, registered in the Palestinian Authority.
Operating under
License Dealer No. 946808359
OWNERSHIP
Ahmed Issa.
GENERAL MANAGER
Ahmed Issa.
BUSINESS
Traders, importers
and marketers of plywood, hardware for carpentries, and allied products.
All sales are in
the Palestinian Authority.
All purchasing are
from import.
Operating from premises
(offices and storage facilities), owned by Mr. Ahmed Issa, on an area of 1,000
sq. meters, in Anata Quarter, Ramallah (located in the southern suburbs of
Ramallah, on the road to Jerusalem), West Bank, Palestinian Authority.
Having 7
employees.
MEANS
Financial data not
forthcoming.
ANNUAL SALES
Sales figures not
disclosed.
BANKERS
Commercial Bank of Palestine, Al Ram Branch (P.O. Box 1799), Al Ram,
Palestinian Authority.
CHARACTER AND REPUTATION
Nothing
unfavorable learned.
Subject’s officials refused to disclose
financial data.
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 GDP per
capita.
Nevertheless, the
World Bank estimated in its report in April 2008 that the Palestinian economy
to grow by 3% in 2008, after a nearly zero growth in 2007, thanks to the
foreign aid they receive (donation scheduled are up to US$ 7.7 billion in 3
years).
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.
While the situation in the West Bank (controlled by Phatah) has been
stable, the economic condition in the Gaza Strip (controlled by Hamas) deteriorated.
Generally, the GDP per capita dropped by 40% since 1999 (GDP in 1999
reached US$ 1,500), and the economy is still deteriorating, although 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.
SUMMARY
Notwithstanding the refusal to disclose
financial data, considered good for trade engagements.
Maximum unsecured credit recommended US$ 20,000.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.52 |
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UK Pound |
1 |
Rs.75.08 |
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Euro |
1 |
Rs.63.72 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)