|
Report Date : |
18.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
HISHAM ALI DIAB AL ZOUBI & PARTNERS CO |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
17.07.1991 |
|
|
|
|
Com. Reg. No.: |
56252 |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
|
|
|
|
Line of Business : |
Distributors of general foodstuff products and confectionery items |
|
|
|
|
No. of Employees : |
120 employees |
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 |
|
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 – 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 |
|
Restricted |
C2 |
|
Off-credit |
D |
Jordan - ECONOMIC OVERVIEW
Jordan's economy is among the smallest in the Middle East, with insufficient supplies of water, oil, and other natural resources, underlying the government''s heavy reliance on foreign assistance. Other economic challenges for the government include chronic high rates of poverty, unemployment, inflation, and a large budget deficit. Since assuming the throne in 1999, King ABDALLAH has implemented significant economic reforms, such as opening the trade regime, privatizing state-owned companies, and eliminating some fuel subsidies, which in the last decade spurred economic growth by attracting foreign investment and creating some jobs. The global economic slowdown and regional turmoil, however, have depressed Jordan''s GDP growth, impacting export-oriented sectors, construction, and tourism. In 2011 the government approved two economic relief packages and a budgetary supplement, largely to improve the living conditions for the middle and poor classes. Jordan''s finances have also been strained by a series of natural gas pipeline attacks in Egypt, causing Jordan to substitute more expensive heavy fuel oils to generate electricity. An influx of foreign aid, especially from Gulf countries, has helped to somewhat offset these extrabudgetary expenditures, but the budget deficit is likely to remain high, at nearly 10% of GDP excluding grants. Amman likely will continue to depend heavily on foreign assistance to finance the deficit in 2012. Jordan''s financial sector has been relatively isolated from the international financial crisis because of its limited exposure to overseas capital markets. Jordan is currently exploring nuclear power generation to forestall energy shortfalls.
|
Source : CIA |
Company Name :
HISHAM ALI DIAB AL ZOUBI & PARTNERS CO
Doing Business As : AL ZANBAKA ESTABLISHMENT
Country of Origin : Jordan
Legal Form : Limited Liability Partnership
Registration Date : 17th July 1991
Commercial Registration Number : 56252
Chamber Membership Number :
34762
National ID Number : 200009576
Issued Capital : JD 30,000
Paid up Capital : JD 30,000
Total Workforce : 120
Activities : Distributors of general foodstuff products and confectionery items.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Rania Eid, Administration Executive
HISHAM
ALI DIAB AL ZOUBI & PARTNERS CO
AL
ZANBAKA ESTABLISHMENT
Registered &
Physical Address
Street : Zayed Bin Al Dafna Street
Area : Al Muqablin Area
PO Box : 850918
Town : Amman 11185
Country : Jordan
Telephone : (962-6) 4202225 / 4202226 / 4202227 /
4200083
Facsimile : (962-6) 4200063
Email : info@alzanbaka.com / zanbaka@index.com.jo
Premises
Subject operates
from a medium sized suite of offices and a supermarket that are rented and
located in the Central Business Area of Amman.
Branch Office
(s)
Location Description
·
Building No. 58 Rented
office & warehouse
Ali
Nasouh Al Taher
Sweifiyeh
Amman
Tel: (962-6) 5825556 / 5825553
Fax:
(962-6) 5825558
Name Nationality Position
·
Hisham Ali Diab Al Zoubi Jordanian Managing Partner
·
Issam Ali Diab Al Zoubi Jordanian Partner
·
Wisam Ali Diab Al Zoubi Jordanian Partner
·
Ala'a Ali Diab Al Zoubi Jordanian Partner
·
Ghassan
Salah - Finance
Manager
·
Muhanad Al Zoubi - Sales
Manager
·
Adnan Al
Talla - Commercial
Manager
·
Rania Eid - Administration
Executive
Date of
Establishment : 17th July 1991
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 56252
Chamber Member No. : 34762
National ID No. : 200009576
Issued Capital : JD 30,000
Paid up Capital : JD 30,000
Name of Partners
(s)
·
Hisham Ali Diab Al Zoubi
·
Issam Ali Diab Al Zoubi
·
Wisam Ali Diab Al Zoubi
·
Ala'a Ali Diab Al Zoubi
Activities: Engaged in the import and distribution of
general foodstuff products and confectionery items.
Import
Countries: United States of
America, United Kingdom, Italy, Spain and Greece.
Agencies held:
·
American Garden United States of America
·
Golden West Nuts United States
of America
·
Witors Italy
·
Pasta Zara Italy
·
Morinita Greece
·
Dupon't Disigny France
·
Sweets
of Oman Oman
Brand Names: MASTERWRAP, EBIA,
ROYAL GARDEN, BEE, ANJAR and ROYAL OAK
Operating Trend
: Steady
Subject has a workforce
of 120 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 6,000,000 JD 6,450,000
Local sources consider
subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Arab Bank Plc
Sweifiyeh
Amman
Tel:
(962-6) 5818667
Fax:
(962-6) 5818273
·
Bank of
Jordan Ltd
King Hussain Street
PO Box: 37
Amman
Tel: (962-6) 5630301
Fax: (962-6) 5638889
No complaints
regarding subject’s payments have been reported.
Amount overdue 0 0 0
Payment terms 60
days 60 days 60 days
Payment Method Letters
of Credit Letters of Credit Letters of Credit
Paying record No
Complaints No Complaints No Complaints
Currency US
Dollars US Dollars US Dollars
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.53.97 |
|
UK Pound |
1 |
Rs.87.52 |
|
Euro |
1 |
Rs.70.84 |
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 |
|
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.