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Report Date : |
30.08.2012 |
IDENTIFICATION DETAILS
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Name : |
HENKEL JORDAN |
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Registered Office : |
Marka - Zarka
Highway, Marka Industrial City, P O Box 7809, Amman 11118 |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
19.11.2006 |
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Com. Reg. No.: |
238000000, Amman |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturers of laundry and homecare products |
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No. of Employees : |
70 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Jordan |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Name : HENKEL JORDAN
Country of Origin : Jordan
Legal Form : Limited Liability Company
Registration Date : 19th November 2006
Commercial Registration Number : 238000000, Amman
Chamber Membership Number : 19287
National ID Number : 200006939
Issued Capital : JD 5,500,000
Paid up Capital : JD 5,500,000
Total Workforce : 70
Activities : Manufacturers of laundry and homecare products
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
HENKEL JORDAN
Registered &
Physical Address
Street : Marka - Zarka Highway
Area : Marka Industrial City
PO Box : 7809
Town : Amman 11118
Country : Jordan
Telephone : (962-6) 4891961 / 4891962
Facsimile : (962-6) 4886661
Email : dima.zallad@henkel.com / mufid.nahhas@henkel.com
Premises
Subject operates
from a medium sized suite of offices and a factory that are rented and located
in the Industrial Area of Amman.
Name Position
·
Basim
Jameel Al Mahashar Chairman
·
Beeter
Shrar Deputy
Chairman
·
Ashraf
Al Afifi Director
·
Hani
Aman General
Manager
·
Mufid
Nahas Financial
Manager
·
Dima
Zallad Commercial
Manager
·
Zaid Al
Najjar Procurement
Manager
Date of Establishment : 19th
November 2006
Legal Form :
Limited Liability Company
Commercial Reg. No. : 238000000,
Amman
Chamber Member No. : 19287
National ID No. :
200006939
Issued Capital : JD 5,500,000
Paid up Capital : JD 5,500,000
Name of Shareholder
(s) Percentage
·
Henkel 51%
Germany
·
ACDICO 49%
Jordan
Activities: Engaged in the manufacture of laundry and
homecare products, including heavy duty detergents, fabric softeners, and dishwashing products.
Import
Countries: Europe and the
Far East
Brand Names: PERSIL, PRIL, SHINE, X-TRA, VERNEL, SOMAT
and CLEAN
Operating Trend: Steady
Subject has a
workforce of 70 employees.
Financial
highlights provided by local sources are given below:
Currency: Jordanian
Dinars (JD)
Year
Ending 31/12/10: Year Ending
31/12/11:
Total Sales JD 10,500,000 JD 11,250,000
Local sources
consider subject’s financial condition to be Fair.
·
HSBC
Bank Middle East
Khalid Bin Walid Street
Jebel Hussein
PO Box: 925286
Amman
Tel: (962-6) 5660471 / 5607471
Fax: (962-6) 5692964
No complaints
regarding subject’s payments have been reported.
Local sources
report that the subject’s operating history is clear with payment obligations
met in a generally timely manner. The financial position is satisfactory and
the company is deemed a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.67 |
|
UK Pound |
1 |
Rs.88.05 |
|
Euro |
1 |
Rs.69.96 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
|
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.