MIRA INFORM
REPORT
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Report Date : |
06.04.2011 |
IDENTIFICATION DETAILS
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Name : |
SAHARA FOR MEDICAL SUPPLIES CO |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
18.05.2005 |
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Com. Reg. No.: |
75917, |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Distributors of medical products and pharmaceuticals |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 150,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SUMMARY
Company Name : SAHARA FOR MEDICAL SUPPLIES CO
Also Known As : NADER SHAFE AL HUNAITI AND PARTNERS CO
Country of Origin :
Legal Form : Limited Liability Partnership
Start Date : 1991
Registration Date : 18th May 2005
Commercial Registration Number : 75917,
Chamber Membership Number : 11795
National ID Number : 200003685
Issued Capital : JD 5,000
Paid up Capital : JD 5,000
Total Workforce : 8
Activities : Distributors of medical products and pharmaceuticals.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Nader Shafe Al Hunaiti, Managing Partner
COMPANY NAME
SAHARA FOR MEDICAL
SUPPLIES CO
ALSO KNOWN AS
NADER
SHAFE AL HUNAITI AND PARTNERS CO
company ADDRESS
Registered & Physical Address
Street :
Area : Jebal Al Hussain Area
PO Box : 811959
Town :
Country :
Telephone : (962-6) 5696224
Facsimile : (962-6) 5696225
Email : palestine-est@accessme.com
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Central Business Area of Amman.
KEY PRINCIPALS
Name Position
·
Nader
Shafe Al Hunaiti Managing
Partner
·
Bassam
Al Sugair Partner
LEGAL FORM & OWNERS
Date of Establishment : 1991, however
subject was registered on 18th May 2005
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 75917,
Chamber Member No. : 11795
National ID No. :
200003685
Issued Capital : JD 5,000
Paid up Capital : JD 5,000
Name of Partners
·
Nader
Shafe Al Hunaiti
·
Bassam
Al Sugair
OPERATIONS
Activities: Engaged in the import and distribution of medical
products and pharmaceuticals.
Import
Countries:
Operating Trend: Steady
Subject has a
workforce of 8 employees.
FINANCIAL DATA
Financial highlights
provided by local sources are given below:
Currency: Jordanian
Dinars (JD)
Year
Ending 31/12/09: Year
Ending 31/12/10:
Total sales JD 1,125,000 JD 1,280,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Arab
Bank Plc
Shmeisani Branch
PO Box: 950545 & 950544
Tel: (962-6) 5607231 / 5607115
Fax: (962-6) 5606793 / 5606830
PAYMENT HISTORY
No complaints regarding
subject’s payments have been reported.
GENERAL COMMENTS
Local sources
report that payment obligations are met in a generally timely manner and the
operating history is clear. As such the company is deemed a fair trade risk and
the above credit figure is considered to be within subject’s financial means.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.45 |
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1 |
Rs.71.59 |
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Euro |
1 |
Rs.63.01 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.