MIRA INFORM REPORT
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Report Date : |
09.02.2012 |
IDENTIFICATION DETAILS
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Name : |
INTEMA FOR PLASTIC INDUSTRIES CO LTD |
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Registered Office : |
Abu Alanda Street,
Quesna Area, P O Box 38673, Amman 11593 |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
09.10.2006 |
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Com. Reg. No.: |
13032, Amman |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Manufacturer of plastic pipes, tubes and fittings |
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No. of Employees
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75 |
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$ 150,000 |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Jordan |
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 : INTEMA FOR PLASTIC INDUSTRIES CO LTD
Country of Origin : Jordan
Legal Form : Limited Liability Partnership
Registration Date : 9th October 2006
Commercial Registration Number : 13032, Amman
Chamber Membership Number : 20500
National ID Number : 200005200
Issued Capital : JD 100,000
Paid up Capital : JD 100,000
Total Workforce : 75
Activities : Manufacturer of plastic pipes, tubes and fittings.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Khalid Oudeh, Accounts Manager
COMPANY NAME
INTEMA FOR PLASTIC
INDUSTRIES CO LTD
company ADDRESS
Registered &
Physical Address
Street : Abu Alanda Street
Area : Quesna Area
PO Box : 38673
Town : Amman 11593
Country : Jordan
Telephone : (962-6) 4123003 / 4123004
Facsimile : (962-6) 4123004
Mobile : (962-79) 5436668
Email : info@intema-plastics.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.
KEY PRINCIPALS
Name Position
·
Mohamed
Aid Al Zagher Managing
Partner
·
Awad
Mahmoud Al Zagher Partner
·
Mahmoud
Sheda AL Zagher Partner
·
Muhanad
Mohamed Al Zagher Partner
·
Mohamed
Attullah Purchase
Manager
·
Abdullah
Al Safi Financial
Manager
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Khalid
Oudeh Accounts
Manager
LEGAL FORM & OWNERS
Date of Establishment : 9th
October 2006
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 13032, Amman
Chamber Member No. : 20500
National
ID No. : 200005200
Issued Capital : JD 100,000
Paid up Capital : JD 100,000
Name of Partners
·
Mohamed
Aid Al Zagher
·
Awad
Mahmoud Al Zagher
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Mahmoud
Sheda AL Zagher
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Muhanad
Mohamed Al Zagher
OPERATIONS
Activities: Engaged in the manufacture and distribution
of plastic pipes, tubes and fittings.
Production
Capacity: 4,500 tons per
year.
Import
Countries: Europe and the
Far East
Operating Trend: Steady
Subject has a
workforce of 75 employees.
FINANCIAL DATA
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 2,125,000 JD 2,500,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
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HSBC
Bank Middle East
Khalid Bin Walid Street
Jebel Hussein
PO Box: 925286
Amman
Tel: (962-6) 5660471 / 5607471
Fax: (962-6) 5692964
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.07 |
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UK Pound |
1 |
Rs.78.09 |
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Euro |
1 |
Rs.65.15 |
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.