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Report Date : |
17.01.2013 |
IDENTIFICATION DETAILS
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Name : |
AL RADHWAN MARBLE AND GRANITE CO |
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Registered Office : |
Al Hassan Industrial Estate, PO Box 3, Irbid 21467 |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
04.04.1999 |
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Com. Reg. No.: |
8162 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Processing and cutting of marble and ceramics |
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No. of Employees : |
65 |
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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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
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.
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Source : CIA |
Company Name :
AL RADHWAN MARBLE AND GRANITE CO
Country of Origin :
Jordan
Legal Form :
Limited Liability Partnership
Registration Date :
4th April 1999
Commercial Registration Number :
8162, Ibrid
Chamber Membership Number :
16
Issued Capital :
JD 360,000
Paid up Capital :
JD 360,000
Total Workforce :
65
Activities :
Processing and cutting of marble and ceramics
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
AL RADHWAN MARBLE AND GRANITE CO
Registered &
Physical Address
Location : Al Hassan
Industrial Estate
PO Box : 3
Town : Irbid 21467
Country : Jordan
Telephone : (962-2) 7391585
Facsimile : (962-2)
7391585
Mobile : (962-79)
5575975 / 5706670
Email : radwan_marble@yahoo.com
Premises
Subject operates from a medium sized suite of offices and a workshop
that are rented and located in the Industrial Area of Irbid.
Name Position
Mohamed Radhwan Al Masry Managing
Partner
Mowafaq Radhwan Al Masry
Partner
Ibrahim Radhwan Al Masry Partner
Mostafa Radhwan Al Masry Partner
Omar Radhwan Al Masry Partner
Samih Rawi Administration
Manager
Date of Establishment : 4th
April 1999
Legal Form : Limited Liability
Partnership
Commercial Reg. No. : 8162, Ibrid
Chamber Member No. : 16
Issued Capital : JD 360,000
Paid up Capital : JD 360,000
Name of Partners
Mohamed Radhwan Al Masry
Mowafaq Radhwan Al Masry
Ibrahim Radhwan Al Masry
Mostafa Radhwan Al Masry
Omar Radhwan Al Masry
Activities: Engaged in the
processing and cutting of marble and ceramics.
Import Countries: Europe
and the Far East.
Operating Trend: Steady
Subject has a workforce of 65 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
3,110,000 JD
3,425,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
Egyptian Arab Land Bank
Baghdad Street
PO Box: 110
Irbid 21110
Tel: (962-6) 242200 / 242209
Fax: (962-6) 242142
No complaints regarding subject’s payments have been reported.
Local sources report that the subject’s operating history is clear with
payment obligations met in a generally timely manner. The financial position is
satisfactory and the business is deemed a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.82 |
|
|
1 |
Rs.87.9 |
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Euro |
1 |
Rs.72.83 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
---- |
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.