MIRA
INFORM REPORT
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Report Date : |
01.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
MOHAMMAD HANI SHAHROURI |
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Registered Office : |
P.O. Box 797, New Brigade Street (New Hisba Street), Nablus |
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Country : |
Palestinian Authority |
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Date of Incorporation : |
1993 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importers And Marketers Of Foodstuff |
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$ 10,000. |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
HANI SHAHROURI
(Also known as MOHAMMAD HANI SHAHROURI)
Telephone 972 9 231 15 21
Fax 972 9 231 15 22
P.O. Box 797
New Brigade Street (New Hisba Street)
NABLUS PALESTINIAN AUTHORITY
HISTORY
A foreign sole proprietorship, established in 1993 in the Palestinian Authority.
License dealer No. 945495133.
OWNER
Mohammad Hani Shahrouri.
GENERAL MANAGER
Mohammad Hani Shahrouri.
BUSINESS
Importers and marketers of foodstuff (spices, coffee, tea, almonds, etc.).
Sales are in the Palestinian Authority, as well as to Israel.
Most purchasing is from import, also from Israel.
Among Israeli suppliers: SONS OF GEORGE SHUKHA, HAMAMA MEIR TRADE, YOSSEF LEVY FOOD ENTERPRISES, MOSHE MUSSAFI & SONS, SUIDAN, R. SHEM TOV, etc.
Operating from premises (offices and warehouse), owned by the shareholders, on an area of 600 sq. meters in the New Brigade Street (New Hisba Street), Nablus, West Bank, Palestinian Authority.
Having 4 employees (had 5 employees in 2007).
MEANS
Current stock is valued at several hundred thousands NIS.
Other financial data not forthcoming.
ANNUAL SALES
2006 sales claimed to be NIS 2,000,000.
2007 sales claimed to be NIS 2,000,000.
BANKERS
Cairo - Amman Bank, Nablus Branch (Dwar Elhussain St., P.O. Box 50), Nablus, Palestinian Authority – Main account.
Arab Bank Plc, Nablus Branch, Nablus, Palestinian Authority.
CHARACTER AND REPUTATION
Nothing unfavorable learned.
The food and beverage sector has been one of the fastest growing sectors of the Palestinian economy according to surveys.
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.
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.
The events described above has been affecting most businesses in the Palestinian Authority, however we assume that since subject deals in basic food, impact is relatively lesser.
SUMMARY
Good for trade engagements.
Maximum unsecured credit recommended US$ 10,000.
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%)