MIRA INFORM REPORT

 

 

Report Date :           

24.12.2011

 

IDENTIFICATION DETAILS

 

Name :

INTERNATIONAL PHARMACEUTICAL & CHEMICAL MANUFACTURING CO LTD

 

 

Registered Office :

Abu Al Haj Complex, Queen Rania Street, Jubaiha Area, P O Box 334, Amman 11941

 

 

Country :

Jordan

 

 

Year of Establishment :

1992

 

 

Com. Reg. No.:

3400, Amman

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacturers of pharmaceuticals, chemicals and medicine products

 

 

No. of Employees :

800 persons

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

US$ 500,000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Jordan

b1

b1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

SUMMARY

 

Company Name                                     :INTERNATIONAL PHARMACEUTICAL & CHEMICAL

MANUFACTURING CO LTD

Also Known As                                      : PHARMA INTERNATIONAL

Country of Origin                                    : Jordan

Legal Form                                            : Limited Liability Company

Registration Date                                   : 1992

Commercial Registration Number            : 3400, Amman

Chamber Membership Number                : 8882

National ID Number                                : 200009818

Issued Capital                                        : JD 28,816,000

Paid up Capital                                      : JD 28,816,000

Total Workforce                                     : 800

Activities                                               : Manufacturers of pharmaceuticals, chemicals and medicine products.

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

Recommended Credit Limit                     : US$ 500,000

 

 

 

COMPANY NAME

 

INTERNATIONAL PHARMACEUTICAL & CHEMICAL MANUFACTURING CO LTD

 

 

ALSO KNOWN AS

 

PHARMA INTERNATIONAL

 

 

company ADDRESS

 

Registered & Physical Address

Building             : Abu Al Haj Complex

Street               : Queen Rania Street

Area                 : Jubaiha Area

PO Box             : 334

Town                 : Amman 11941

Country             : Jordan

Telephone         : (962-6) 5150580 / 5157893 / 5158890 / 4711802

Facsimile          : (962-6) 4711584 / 5150583

Email                : gmoffice@pic-jo.com / pharma@pic-jo.com

 

Premises

Subject operates from a large suite of offices that are owned and located in the Central Business Area of Amman.

 

Branch Office (s)

 

     Location                                                                                          Description

 

·       Al Qastal Area                                                                                  Factory premises

Amman

Tel: (962-6) 4711585 / 4711586

Fax: (962-6) 4711584

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

 

·       Ali Mohamed Hussain Abu Al Haj                                                       Managing Director

 

·       Osama Hussain Abu Al Haj                                                                Director                                    

 

·       Riyad Ali Mohamed Hussain Abu Al Haj                                              Director

 

·       Thamar Ali Mohamed Hussain Abu Al Haj                                           Director

 

·       Abdullah Abdul Jalil Al Fahim                                                             Director

 

·       Gamal Al Refai                                                                                  Production Manager

 

·       Alaa Hejaz                                                                                        Commercial Manager

 

·       Yousef Al Zehgari                                                                              Financial Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 1992, full production began in 1995.

 

Legal Form                  : Limited Liability Company

 

Commercial Reg. No.  : 3400, Amman

 

Chamber Member No. : 8882

 

National ID No.            : 200009818

 

Issued Capital              : JD 28,816,000

 

Paid up Capital            : JD 28,816,000

 

Name of Shareholder (s)

·       Ali Mohamed Hussain Abu Al Haj

·       Osama Hussain Abu Al Haj

·       Riyad Ali Mohamed Hussain Abu Al Haj

·       Thamar Ali Mohamed Hussain Abu Al Haj

·       Abdullah Abdul Jalil Al Fahim

 

 

OPERATIONS

 

Activities: Engaged in the manufacture of pharmaceuticals, chemicals and medicine products.

 

Import Countries: Europe and the Far East.

 

Subject has a workforce of approximately 800 employees.

 

 

FINANCIAL DATA

 

Companies registered in Jordan are not legally required to make their accounts public and no financial information was released by the company or submitted by outside sources.

 

 

BANKERS

 

·       Arab Bank Plc

Shmeisani Branch

PO Box: 950545 & 950544

Amman 11195

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

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.72

UK Pound

1

Rs.82.71

Euro

1

Rs.68.90

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.