MIRA
INFORM REPORT
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Report Date : |
12.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
GHOZLAN COMPANY |
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Registered Office : |
Al
Quds Street, Ras Ain Area, PO
Box 1057, Amman 11621 |
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Country : |
Jordan |
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Date of Incorporation : |
09.07.2007 |
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Com. Reg. No.: |
86748, Amman |
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Legal Form : |
General Partnership |
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Line of Business : |
Import and Distribution of
Sanitary Ware Products and Heating Systems |
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$ 50,000 |
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Status : |
New Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : GHOZLAN COMPANY
Also Known As : AHMED ABU NASSAR & PARTNER
Country of Origin : Jordan
Legal Form : General Partnership
Registration Date : 9th July 2007
Commercial Registration Number : 86748, Amman
Chamber Membership Number : 141495
Partners Capital : JD 6,000
Total Workforce : 8
Activities : Import and distribution of sanitary ware products and heating systems
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 50,000
Person Interviewed : Hisham Ghozlan Abu Nassar, Partner
COMPANY NAME
GHOZLAN COMPANY
ALSO KNOWN AS: AHMED ABU NASSAR
& PARTNER
ADDRESS
Registered & Physical Address
Street : Al
Quds Street
Area : Ras Ain Area
PO Box : 1057
Town : Amman 11621
Country : Jordan
Telephone : (962-6) 4702923
Facsimile : (962-6) 4702924
Email : hesham2222@yahoo.com
Premises
Subject operates
from a small suite of offices and storage facilities that are rented and
located in the Suburban Business Area of Amman.
KEY PRINCIPALS
Name Position
·
Ahmed
Ghozlan Abu Nassar Managing
Partner
·
Adel
Ghozlan Abu Nassar Partner
·
Hisham
Ghozlan Abu Nassar Partner
LEGAL FORM & OWNERS
Date of Establishment : 9th
July 2007
Legal Form :
General Partnership
Commercial Reg. No. : 86748, Amman
Chamber Member No. : 141495
Partners Capital : JD 6,000
Name of Partners (s)
·
Ahmed
Ghozlan Abu Nassar
·
Adel
Ghozlan Abu Nassar
·
Hisham
Ghozlan Abu Nassar
OPERATIONS
Activities: Engaged in the import
and distribution of sanitary ware products and heating systems.
Import
Countries: United Kingdom,
Italy and India
Subject has a
workforce of 8 employees.
FINANCIAL DATA
Subject is a newly
formed business and as a result financial information is not currently
available.
BANKERS
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Arab Bank Plc
Shmeisani Branch
PO Box : 950545 & 950544
Amman 11195
Tel : (962-6) 5607231 / 5607115
Fax : (962-6) 5606793 / 5606830
Email : secretariat@arabbank.com.jo
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Investigations
undertaken in Amman did not reveal any sign of payment defaults or delays
during initial trading stages, and subject is believed to meet its payment
obligations in a timely manner, nevertheless, and in view of the company’s
infancy and the lack of a more consistent payment and financial record, a
measure of caution is advisable and a close monitoring of subject’s business
development is recommended.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.79 |
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UK Pound |
1 |
Rs.75.41 |
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Euro |
1 |
Rs.61.48 |
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%)