|
Report Date : |
19.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
AL HADAF INTERNATIONAL CO FOR IMPORTING &
INDUSTRY |
|
|
|
|
Registered Office : |
North Marka
Industrial Area, P O Box 921483, Amman |
|
|
|
|
Country : |
Jordan |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
23.01.2003 |
|
|
|
|
Com. Reg. No.: |
86882 |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
|
|
|
|
Line of Business : |
Suppliers of consumer disposable and packaging products |
|
|
|
|
No. of Employees : |
100 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 and 2012,
the government approved two economic relief packages and a budgetary
supplement, meant 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 diesel
imports, primarily from Saudi Arabia, to generate electricity. Jordan is
currently exploring nuclear power generation in addition to the exploitation of
abundant oil shale reserves and renewable technologies to forestall energy
shortfalls. In 2012, to correct budgetary and balance of payments imbalances,
Jordan entered into a $2.1 billion, multiple year International Monetary Fund
Stand-By Arrangement. Jordan's financial sector has been relatively isolated
from the international financial crisis because of its limited exposure to
overseas capital markets. Jordan will continue to depend heavily on foreign
assistance to finance the deficit in 2013.
|
Source : CIA |
Company Name : AL HADAF INTERNATIONAL CO FOR IMPORTING & INDUSTRY
Also Known As : RAMI AL SAHEB & PARTNER
Country of Origin : Jordan
Legal Form : Limited Liability Partnership
Registration Date : 23rd January 2003
Commercial Registration Number : 86882
Chamber Membership Number : 14204
National ID Number : 200102481
Issued Capital : JD 100,000
Paid up Capital : JD 100,000
Total Workforce : 100
Activities : Suppliers of consumer disposable and packaging products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
AL HADAF
INTERNATIONAL CO FOR IMPORTING & INDUSTRY
RAMI AL SAHEB & PARTNER
Registered &
Physical Address
Location : North Marka Industrial Area
PO Box : 921483
Town : Amman
Country : Jordan
Telephone : (962-6) 4887776 / 5516242
Facsimile : (962-6) 4887797 / 5516242
Mobile : (962-79) 5666635
Email : info@alhadaf-int.com
Premises
Subject operates
from a medium sized suite of offices, a factory and warehousing that are owned
and located in the Industrial Area of Amman.
Name Position
·
Rami Jehad Al Saheb Managing
Partner
·
Zaid Jehad Al Saheb Partner
Date of Establishment : 23rd
January 2003
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 86882
Chamber Member No. : 14204
National ID No. : 200102481
Issued Capital : JD 100,000
Paid up Capital : JD 100,000
Name of Partners
·
Rami Jehad Al Saheb
·
Zaid Jehad Al Saheb
Activities: Subject is a
leading supplier of consumer disposable and packaging products to food
processors, hotels, caterers and related companies. It distributes sandwich
paper, latex gloves, PE disposable gloves,
disposable aprons, paper cook caps, plastic cups, plastic catering items, absorbent pads, doyleys,
toothpicks, and multi disposable catering items as well as industrial stretch film.
The company also manufactures aluminium foil
and PVC cling film.
Import
Countries: United Kingdom and
the Far East.
Brand Names: DOLPHINE and
FORSTER
Operating Trend: Steady
Subject has a
workforce of 100 employees.
Financial
highlights provided by local sources are given below:
Currency: Jordanian
Dinars (JD)
Year
Ending 31/12/11: Year Ending
31/12/12:
Total Sales JD 3,710,000 JD 4,000,000
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
Shmeisani Branch
PO Box: 950545 & 950544
Amman 11195
Tel: (962-6) 5607231 / 5607115
Fax: (962-6) 5606793 / 5606830
No complaints
regarding subject’s payments have been reported.
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.54.03 |
|
UK Pound |
1 |
Rs.82.43 |
|
Euro |
1 |
Rs.70.49 |
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.