MIRA
INFORM REPORT
|
Report Date : |
21.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
MEDITERRANEAN ADVANCED TECHNICAL INDUSTRIES COMPANY LTD |
|
|
|
|
Registered Office : |
Omar Albasser Alkhselat Street Al Muqablain PO Box 851498 Amman 11185 |
|
|
|
|
Country : |
Jordan |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
28.05.1997 |
|
|
|
|
Com. Reg. No.: |
6197, Amman |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturers of PVC compounds, sheets, pipes and granules. |
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$ 150,000 |
|
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 30, 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 :MEDITERRANEAN ADVANCED TECHNICAL INDUSTRIES COMPANY LTD
Country of Origin : Jordan
Legal Form : Limited Liability Company
Start Date : 28th May 1997
Registration Date : 5th June 2000
Commercial Registration Number : 6197, Amman
Chamber Membership Number : 14099
National ID Number : 200024771
Issued Capital : JD 300,000
Paid up Capital : JD 300,000
Total Workforce : 45
Activities : Manufacturers of PVC compounds, sheets, pipes and granules.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
MEDITERRANEAN ADVANCED TECHNICAL INDUSTRIES COMPANY LTD
ADDRESS
Registered & Physical Address
Street : Omar
Albasser Alkhselat Street
Area : Al Muqablain
PO Box : 851498
Town : Amman 11185
Country : Jordan
Telephone : (962-6) 4200371
/ 4200572
Facsimile : (962-6)
4200184
Email : contact@med-int.net
Premises
Subject operates from a medium sized suite of offices that are owned and
located in the Central Business Area of Amman.
Branch Office (s)
Location Description
· King Abdullah II
Industrial Estate Owned
factory premises
Sahab
Tel: (962-6) 4027682
Fax: (962-6)
4027683
KEY PRINCIPALS
Name Position
· Mamoun Tawfiq Abu
Dahab Managing
Director
· Mohannad Tawfiq
Abu Dahab Director
· Tawfiq Mahmoud Abu
Dahab Director
· Amien Tawfiq Abu
Dahab Director
· Mutasem Tawfiq Abu
Dahab Director
· Noor Eddin
Belbeisi Administration
Manager
· Zayad Hadi Finance
Manager
· Radwan Magdoub Factory
Manager
LEGAL FORM & OWNERS
Date of
Establishment : 28th
May 1997, however subject was registered on 5th June 2000
Legal Form : Limited Liability
Company
Commercial Reg.
No. : 6197, Amman
Chamber Member No. : 14099
National ID No. : 200024771
Issued Capital : JD 300,000
Paid up Capital : JD 300,000
Name of Shareholder (s) Percentage
· Tawfiq Mahmoud Abu
Dahab 70%
· Mamoun Tawfiq Abu
Dahab 15%
· Mohannad Tawfiq
Abu Dahab 15%
OPERATIONS
Activities: Engaged in the manufacture of PVC compounds, sheets, pipes and granules
as well as cling film wrap.
Import Countries: France and Germany.
Export Countries: Saudi Arabia, Syria, Morocco, Egypt and Lebanon.
Operating Trend: Steady
Subject has a workforce of 45 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
2,770,000 JD
3,000,000
Local sources consider subject’s financial condition to be Fair.
BANKERS
·
Export & Finance Bank
Shmeisani
Amman
Tel: (962-6)
5694250
Fax: (962-6)
5692062
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.71 |
|
|
1 |
Rs.78.08 |
|
Euro |
1 |
Rs.68.05 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.