MIRA
INFORM REPORT
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Report Date : |
15.03.2011 |
IDENTIFICATION DETAILS
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Name : |
MAJAL PHARMACEUTICALS |
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Registered Office : |
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Country : |
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Date of Incorporation : |
16.04.2008 |
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Com. Reg. No.: |
16715 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading
as importers, wholesalers and exporters of pharmaceutical products. |
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 |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Maximum Credit Limit : |
JD
80,000 |
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Status : |
Moderate |
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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 |
Company NAME
Majal Pharmaceuticals (Correct)
MAJAL PHARMACEUTICALS (NF) (Requested)
ADDRESS
Building :
Street :
Area : 7th
Roundabout
P.O.Box No.: 142904
Town :
Country :
Telephone : (962 6) 581 0703 /
582 7999
Fax : (962 6) 582 0876
E-Mail : mr.odat@yahoo.com
SENIOR COMPANY PERSONNEL
Name Position
1. Ghiath Munir Reda Sukhtian Managing
Director
2. Ghassan Oqail Deputy
Managing Director
3. Nidal Munir Reda Sukhtian Director
4. Munjed Munir Reda Sukhtian Director
5. Imad Qaqish Financial
Manager
6. Osama Al Odat Accountant
Total Employees : 8
PAYMENTS
No complaints have been heard regarding payments from local suppliers or
banks.
Subject is 50% owned by the two brothers Ghiath Munir Reda Sukhtian and
Munjed Munir Reda Sukhtian, who are controlling the Munir Sukhtian group of
companies involved in the distribution of medical, surgical and laboratory equipment;
pharmaceuticals; trading of toiletries; animal feed; consumer electronics;
agricultural products including fertilizers and chemicals; supply and
installation of communication and security systems; manufacture of household
products including furniture and toiletries; plastic products; civil contacting
and general engineering services; investment and tourism services. The group is
operating since 1933.
We consider it is acceptable to deal with subject for MEDIUM amounts.
Opinion on maximum credit : JD 80,000
Trade risk assessment:
Opinion on the credit figure of US DLRS 150,000 :
The above figure is higher than normally seen in one amount, however
could prove admissible if split into two transactions provided the total
indebtedness is strictly monitored.
PRINCIPAL BANKERS
NAME : ARAB BANK PLC
Branch : Main branch
PO Box : 950544-950545
Town :
Telephone: (962 6) 560 7231
Fax : (962 6) 560 6793
FINANCIAL INFORMATION
Private companies in
the following information :
Sales Turnover : JD
3,800,000 - 2009 - exact
: JD 4,000,000 - 2010 - exact
: JD 4,400,000 – 2011 - projected
Net Profit :
JD 150,000 - 2009 - exact
:
JD 200,000 - 2010 - exact
:
JD 220,000 - 2011 - projected
Financial year ends 31 December.
LEGAL STATUS AND HISTORY
Date Started : 16 April 2008
History : The subject company was established in
C.R. No. : 16715 (previously 776)
National ID No.: 200096874
Authorised Capital : JD 100,000 (increased from JD 30,000 in 2010)
Paid-Up Capital : JD 100,000 (increased from JD 30,000 in 2010)
Limited Liability Company with the following shareholders :
Percentage
1. Al Massira International Co. 25%
2. Al Nouah For Investments Management 25%
CR No. : 685
3. Ghiath Munir Reda Sukhtian 25%
(Jordanian national)
4. Munjed Munir Reda Sukhtian 25%
(Jordanian national)
Affiliated companies of the subject company :
Associates
Affiliated companies of the Munir Sukhtian group of companies :
1. AnwarNet (via Munir Sukhtian
International)
Villa No 11 Rue Ahmed Ouaked
Dely Brahim
Alger
Telephone: (213 21) 917 110 /
917 122
Fax : (213 21) 910 477
Email : infos@anwarnet.dz
2. Arabian Office Automation
Company
Um Othaina,
Telephone: (962 6) 552 2298
Fax : (962 6) 552 2362
Email : info@xerox.com.jo /
aoa1@firstnet.com.jo
3. Celtis Labs
4. Households and Toiletries
Manufacturing Company (HTM)
Telephone: (962 6) 416 1177 /
416 1411 / 416 5051-3
Fax : (962 6) 416 2261
Email : info@sukhtian-htm.com
5. Jordan Greenhouse
Manufacturing Company (Rayyan)
Telephone: (962 6) 416 1787 /
416 5062 / 416 5064
Fax : (962 6) 416 5061
6. Munir Sukhtian Global
7. Munir Sukhtian Group -
Shadi Karadsheh
PDG
Villa no 13 Cite Bois des cars
II,
Dely Brahim, Alger
Telephone: (213 21) 364 040
Fax :
(213 21) 368 605
Email : info@msg-algeria.com
8. Munir Sukhtian International
Telephone: (962 6) 582 7999
Fax : (962 6) 581 5942
Email : info@sukhtian-international.com
9. Munir Sukhtian International
Telephone: (971 4) 393 9478
10. Munir Sukhtian Trading Group
Telephone: (962 6) 568 8888
Fax : (962 6) 560 1568
11. Munir Sukhtian for Telecommunications (via Munir Sukhtian
International)
12. Nourbangla Communications Company (via Munir Sukhtian
International)
House No. 16, Road No. 79
Gulshan-2
Dhaka-1214
Telephone: (880 2) 989 6490
13. Sukhtian Brothers Company
14. Sukhtian Tissue Culture Labs and Nurseries Celtis Labs
15. United Pharmaceutical Manufacturing Company
Telephone: (962 6) 416 2901
Fax : (962 6) 416 2905
16. Watanserve Communications -
International)
Villa n° 12 Cite Bois des cars
II,
Dely Brahim, Alger
Telephone: (213 21) 364 040
Fax : (213 21) 368 605
Email : info@WatanServe.com
17. Watanserve Communications Pakistan Pvt Ltd (via Munir Sukhtian
International)
18. Jordanian Flowers and Plants Marketing Company
19. Al Kendi Pharmaceutical Manufacturing Company (via Munir Sukhtian
International)
Haouch Kaouche, Lot no 596 B,
groupe no 685,Dely Brahim,16302,
Alger
Telephone: (213 21) 366 189 /
366 285
Fax : (213 21) 36 63 55
Email : info@elkendi.com
20. Anham FZCO (via Munir Sukhtian International)
East Wing, E4 -A Suite No. 608
Telephone: (971 4) 204 5699
Fax : (971 4) 204 5698
Email : info@anham.ae
21. Ahfad Trading FZE
Telephone: (971 4) 881 6226
22. Beit Jala Pharmaceutical Manufacturing Company
Beit Jala
Telephone: (970 2) 274 2855
Fax : (970 2) 274 1072
Email : info@beitjalapharma.com
23. Jordan Chemical Laboratory
Beit Jala
Telephone: (970 2) 277 6880 /
277 6881
24. Munir Sukhtian Communications
25. Munir Sukhtian International –
26. Munir Sukhtian Investments
27. Nour Communications Company (via Munir Sukhtian International)
Telephone: (966 1) 477 6555
Fax : (966 1) 478 7171
28. Nour USA Limited(via Munir Sukhtian International)
8075 Leesburg Pike,
Telephone: (1 703) 448 3777
Fax : (1 703) 448 3444
Email : info@nourusa.com
29. Ogier Electronics -
Midan Al Jazaer
Telephone: (218 21) 340 8268
Fax : (218 21) 340 8267
Email : info@spi.com.jo
30. Palestine Plastic Industries Company (via Munir Sukhtian
International)
Nablus-Palestine
31. Petrojd Engineering For Investment and Trade
Telephone: (962 6) 565 0300
Fax : (962 6) 565 0307
32. Security Printing International (via Munir Sukhtian
International)
33. Sukhtian Industrial Trading (SIT)
34. Sukhtian International Trading Company
ACTIVITIES
The Company is involved in the following activities :
Trading as importers, wholesalers and exporters of pharmaceutical
products.
Freight forwarding.
Subject’s main clients:
- El Kendi Pharmaceutical Manufacturing Co.
Imports mainly from
Exports to
FACILITIES
The Company has the following facilities :
Rented administrative offices located at the heading address.
SPECIAL NOTE
You enquired on: MAJAL PHARMACEUTICALS (NF).
Please note that the correct name is as per heading.
Interviewed: Osama Al Odat (Accountant).
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.15 |
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1 |
Rs.72.59 |
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Euro |
1 |
Rs.62.95 |
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.