MIRA
INFORM REPORT
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Report Date : |
26.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
GHUZLAN FOR SANITARYWARE & CENTRAL HEATING |
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Registered Office : |
Ras
Al Ain Area, Amman |
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Country : |
Jordan |
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Date of Incorporation : |
07.07.2007 |
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Com. Reg. No.: |
86748, Amman |
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Legal Form : |
Sole Proprietorship |
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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$ 75,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : GHUZLAN FOR SANITARYWARE & CENTRAL HEATING
Also Known As : HISHAM GHUZLAN MOHAMED ABU NASSAR
Country of Origin : Jordan
Legal Form : Sole Proprietorship
Registration Date : 7th July 2007
Commercial Registration Number : 86748, Amman
Chamber Membership Number : 141495
Invested Capital : JD 6,000
Total Workforce : 5
Activities : Import and distribution of sanitary ware products and heating systems
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 75,000
COMPANY NAME
GHUZLAN
FOR SANITARYWARE & CENTRAL HEATING
ALSO
KNOWN AS:
HISHAM GHUZLAN MOHAMED ABU NASSAR
ADDRESS
Registered & Physical Address
Location : Ras Al
Ain Area
Town : Amman
Country : Jordan
Telephone : (962-6) 4702923
Facsimile : (962-6) 4702924
Mobile : (962-79) 6514498
Email : hisham2222@yahoo.com
Premises
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Amman.
KEY PRINCIPALS
Name Nationality Position
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Hisham
Ghuzlan Mohamed Abu Nassar Jordanian Proprietor & General
Manager
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Ahmed
Ghulzan Mohamed Abu Nassar Jordanian Assistant General Manager
LEGAL FORM & OWNERS
Date of Establishment : 7th
July 2007
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 86748, Amman
Chamber Member No. : 141495
Invested Capital
: JD 6,000
Mr Hisham Ghuzlan Mohamed Abu Nassar is the sole
proprietor of the business.
OPERATIONS
Activities: Engaged in the import
and distribution of sanitary ware products and heating systems.
Import
Countries: Italy, Spain and
India
Brand Names: SENATOR
Subject has a
workforce of 5 employees.
FINANCIAL DATA
Subject is a newly
formed business and as a result financial information is not currently
available.
BANKERS
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Jordan Islamic
Bank
Shmeisani Branch
PO Box 926225
Amman
Tel: (962-6) 5677377
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.49.85 |
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UK Pound |
1 |
Rs.76.60 |
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Euro |
1 |
Rs.64.68 |
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%)