MIRA INFORM REPORT

 

 

Report Date :           

28.03.2011

 

IDENTIFICATION DETAILS

 

Name :

GHAZI QADOUMI TRADING ESTABLISHMENT

 

 

Registered Office :

Rawhi Trading Complex, Ain Ghazal Street, Ain Ghazal Area, P.O.Box No.0748: Amman 11118

 

 

Country :

Jordan

 

 

Date of Incorporation :

20.04.1977

 

 

Com. Reg. No.:

17377 

 

 

Legal Form :

Proprietorship Concern

 

 

Line of Business :

Importers, Wholesalers of feeds and sugar

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

JD 50,000

Status :

Small Company 

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Jordan

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Company NAME

 

Ghazi Qadoumi Trading Establishment

 

 

Company ADDRESS

 

Building             : Rawhi Trading Complex

Street               : Ain Ghazal Street

Area                 : Ain Ghazal Area

P.O.Box No.      : 20748

Town                 : Amman 11118

Country             : Jordan

Telephone         : (962 6) 506 4008

Fax                   : (962 6) 506 4032

 

 

SENIOR COMPANY PERSONNEL

 

   Name                                                 Position

 

1. Ghazi Rawhi Sadiq Qadoumi  General Manager / Owner

 

2. Sadiq Rawhi Sadiq Qadoumi  Deputy General Manager

 

3. Nihaya (Mrs)                                      Administrative Officer

 

Total Employees : 20

 

 

PAYMENTS

 

No complaints have been heard regarding payments from local suppliers or banks.

 

Subject is a well-established business operating since 1977.

 

We consider it is acceptable to deal with subject for SMALL amounts, however in view of the lack of financial information we recommend international suppliers exercise a degree of caution.

 

Opinion on maximum credit : JD 50,000 (higher amounts may be considered with full fiscal disclosure)

 

Trade risk assessment: Normal

 

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     :           Amman 11195

Telephone:        (962 6) 560 7231 / 477 1122

Fax      :            (962 6) 560 6793 / 474 4572

 

 

FINANCIAL INFORMATION

 

Private companies in Jordan are not required to publish or disclose balance sheets. Balance sheets are not available from other sources, and the subject interviewed declined to give any financial information, which the company regards as strictly confidential.

 

 

LEGAL STATUS AND HISTORY

 

Date Started :                20 April 1977

 

C.R. No. :                      17377 

 

National ID No.:             100028243

 

Capital :                        JD 100,000

 

Proprietorship owned by Ghazi Rawhi Sadiq Qadoumi (Jordanian national).

 

 

ACTIVITIES

 

The Company is involved in the following activities :

 

Trading as importers, wholesalers of feeds and sugar.

 

Subject used to produce the feeds.

 

Imports worldwide, mainly from India, Brazil, Argentina, USA, Canada and Ukraine.

 

Subject only sells locally and does not engage in re-export business.

 

FACILITIES

 

The Company has the following facilities :

 

Owned administrative offices located at the heading address and storage facilities located elsewhere in Amman.

 

 

SPECIAL NOTE

 

Interviewed: Nihaya (Mrs) (Administrative Officer).

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.65

UK Pound

1

Rs.71.91

Euro

1

Rs.63.28

 

 

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

 

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.