MIRA
INFORM REPORT
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Report Date : |
05.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
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 : |
Foreign Sole Proprietorship |
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Line of Business : |
Importers and Marketers of Foodstuff (Spices, Coffee, Tea, Almonds,
etc.) |
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 : |
Small Company |
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Payment Behaviour : |
No Complaints |
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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.
NOTE
Since we sent you
the same report on 31.1.08 (Your 47341), we will not charge for this report.
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%)