MIRA
INFORM REPORT
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Report Date : |
20.01.2011 |
IDENTIFICATION DETAILS
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Name : |
HIJAZI AND GHOSHEH COMPANY |
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Registered Office : |
Al Qamaz Street
North Marqa Area |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
04.12.1985 |
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Com. Reg. No.: |
5685, |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Production and processing of meat products |
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$ 750,000 |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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 : HIJAZI AND GHOSHEH COMPANY
Country of Origin :
Legal Form : Limited Liability Partnership
Registration Date : 4th December 1985
Commercial Registration Number : 5685,
Chamber Membership Number : 7801
Issued Capital : JD 13,000,000
Paid up Capital : JD 13,000,000
Total Workforce : 400
Activities : Production and processing of meat products
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 750,000
COMPANY NAME
HIJAZI AND GHOSHEH
COMPANY
ADDRESS
Registered & Physical Address
Street :
Area :
PO Box : 183292
Town :
Country :
Telephone : (962-6) 4886155
Facsimile : (962-6) 4886211
Email : info@hgg.com.jo
Premises
Subject operates
from a large suite of offices and a warehouse that are rented and located in
the Industrial Area of Amman.
KEY PRINCIPALS
Name Position
·
Essam
Khaleel Hijazi Managing
Partner
·
Abdul
Razak Ahmed Ghosheh Partner
·
Dr Hani Khaleel Hijazi Partner
·
Ahmed
Abdulrazzak Ghosheh Partner
·
Tariq
Essam Hijazi Partner
·
Zakaria Al Qassim Operations
Manager
·
Mohamed
Yassen Finance
Manager
·
Sohail
Kherbat Sales
Manager
LEGAL FORM & OWNERS
Date of Establishment : 4th
December 1985
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 5685,
Chamber
Mem. No. : 7801
National
ID No. : 200022675
Issued Capital : JD 13,000,000
Paid up Capital : JD 13,000,000
Name of Partners (s)
·
Essam
Khaleel Hijazi
·
Abdul
Razak Ahmed Ghosheh
·
Dr Hani Khaleel Hijazi
·
Ahmed
Abdulrazzak Ghosheh
·
Tariq
Essam Hijazi
AFFILIATED COMPANIES
·
International
United Farm Company
·
Al
Maraai Corporation
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Baddar
Poultry
·
Al Shad Co For Food Industry
OPERATIONS
Activities: Engaged in the production and processing of
meat products, such as burgers, luncheon meat and poultry.
Import
Countries:
Operating Trend: Steady
Subject has a
workforce of approximately 400 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency: Jordanian
Dinars (JD)
Year
Ending 31/12/08: Year
Ending 31/12/09:
Total Sales JD 19,250,000 JD 21,000,000
Local sources consider
subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
HSBC
Bank
Jebel Hussein
PO Box: 925286
Tel: (962-6) 5660471 / 5607471
Fax: (962-6) 5692964
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Hijazi And Ghosheh
Company has been in business for over 25 years and is engaged in the production
and processing of meat products.
During the course
of this investigation nothing detrimental was uncovered regarding subject’s
operating history or the manner in which payments are fulfilled. As such the
company is considered to be a fair trade risk and the above credit figure is
deemed to be admissible.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.38 |
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|
1 |
Rs.72.71 |
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Euro |
1 |
Rs.61.15 |
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 |
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-- |
NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.