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Report Date : |
31.03.2012 |
IDENTIFICATION DETAILS
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Name : |
GOLDEN WAVES FOR TRADING & INVESTMENT CO LTD |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
29.05.2001 |
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Com. Reg. No.: |
6714, Amman |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale and retail of coffee beans, spices, sugar, beans, pulses, nuts and edible oils. |
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No. of Employees : |
25 |
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$ 200,000 |
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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 30, 2011
|
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 |
Company Name : GOLDEN WAVES FOR TRADING & INVESTMENT CO LTD
Country of Origin : Jordan
Legal Form : Limited Liability Company
Registration Date : 29th May 2001
Commercial Registration Number : 6714, Amman
Chamber Membership Number : 107032
Issued Capital : JD 30,000
Paid up Capital : JD 30,000
Total Workforce : 25
Activities : Wholesale and retail of coffee beans, spices, sugar, beans, pulses, nuts and edible oils.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 200,000
Person Interviewed : Zubaida Mohamed, Administrative Executive
GOLDEN WAVES FOR TRADING & INVESTMENT CO LTD
Building :
Street : Shareef Bin Nasser Bin Jamil
Street
Area : Shmeisani
PO Box : 941902
Town : Amman 11194
Country :
Telephone : (962-6) 5680690
/ 5679199
Facsimile : (962-6)
5678652
Mobile : (962-78)
5412511
Email : viva@go.com.jo
/ golden-waves@wanadoo.jo
Subject operates from a medium sized suite of offices that are rented
and located in the Central Business Area of Amman.
Name Position
· Ghassan Shakeeb Rasheed Khirfan Managing
Director
· Nader Shakeeb Rasheed Khirfan Director
· Bassam Shakeeb Rasheed Khirfan Director
· Basil Ghassan Shakeeb Rasheed Khirfan Commercial
Manager
· Zubaida Mohamed Administrative
Executive
Date of
Establishment : 29th
May 2001
Legal Form : Limited Liability
Company
Commercial Reg.
No. : 6714, Amman
Chamber Member No. : 107032
Issued Capital : JD 30,000
Paid up Capital : JD 30,000
· Ghassan Shakeeb Rasheed Khirfan 33.33%
· Nader Shakeeb Rasheed Khirfan 33.33%
· Bassam Shakeeb Rasheed Khirfan 33.33%
· Shakeeb Khirfan Group for Trading, Industry & Investment
Amman
· Golden Mill Company
PO Box: 941902
Amman 11194
· Golden Brothers Co
PO Box: 941902
Amman
11194
Activities: Engaged in the wholesale and retail of coffee beans, spices, sugar,
beans, pulses, nuts and edible oils.
Import Countries: Europe and GCC countries.
Brand Names: GOLDEN WAVES, SKS, HAPPY FOOD, AL OSRA and AL
BASIL
Operating Trend: Steady
Subject has a workforce of 25 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
3,250,000 JD
3,575,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
·
Jordan Investment & Finance Bank
Shmeisani Branch
PO Box:
950601
Amman
Tel:
(962-6) 5665145 / 5692470
Fax:
(962-6) 5681410
No complaints regarding subject’s payments have been reported.
Local sources report that payment obligations are met in a generally
timely manner and the operating history is clear. As such the company is deemed
a fair trade risk and the above credit figure is considered to be within
subject’s financial means.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.15 |
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|
1 |
Rs.81.80 |
|
Euro |
1 |
Rs.68.34 |
RATING EXPLANATIONS
|
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 |
-- |
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.