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Report Date : |
02.02.2013 |
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Tel No.: |
962 6 4120500 |
IDENTIFICATION DETAILS
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Name : |
UNION FOR PRINTING & LABEL PACKAGING CO LTD |
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Registered Office : |
48 Abu Alanda Industrial Area,
Amman |
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Country : |
Jordan |
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Date of Incorporation : |
27.11.2012 |
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Com. Reg. No.: |
26825 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturers and printers of labels. |
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No. of Employees : |
20 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
---- |
NB |
New Business |
---- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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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 – 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 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 : UNION FOR PRINTING
& LABEL PACKAGING CO LTD
Country of Origin :
Jordan
Legal Form :
Limited Liability Company
Registration Date :
27th November 2012
Commercial Registration Number :
26825
Chamber Membership Number :
25865
National ID Number :
200122491
Issued Capital :
JD 100,000
Paid up Capital :
JD 100,000
Total Workforce :
20
Activities :
Manufacturers and printers of labels.
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
Person Interviewed :
Motasim Hassan, Finance Manager
UNION FOR PRINTING & LABEL PACKAGING CO LTD
Registered &
Physical Address
Location : 48 Abu Alanda
Industrial Area
Town : Amman
Country : Jordan
Telephone : (962-6) 4120500
Facsimile : (962-6)
4120501
Email : k.arafat@unionpl.com
/ info@unionpl.com
Premises
Subject operates from a small suite of offices and a factory that are
rented and located in the Industrial Area of Amman.
Name Position
Khalil Hokkam Fayez Arafat Managing
Director
Bassam Hafiz Mansoor Rabee Director
Motasim Hassan Finance
Manager
Date of Establishment : 27th
November 2012
Legal Form : Limited Liability Company
Commercial Reg. No. : 26825
Chamber Member No. : 25865
National ID No. : 200122491
Issued Capital : JD 100,000
Paid up Capital : JD 100,000
Name of Shareholder
(s)
Khalil Hokkam Fayez Arafat
Bassam Hafiz Mansoor Rabee
Jordanian Palestinian Advertising Co
Amman
Activities: Engaged in the
manufacture and printing of labels.
Import Countries: Europe
and the Far East.
Subject has a workforce of 20 employees.
Subject is a newly formed business and as a result financial information
is not currently available.
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.
In view of subject’s infancy, extensive payment and financial are not
available, therefore dealings are recommended to be on secured terms, and a
close monitoring of subject’s business development is advisable.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.32 |
|
|
1 |
Rs.84.60 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.