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Report Date : |
06.08.2014 |
IDENTIFICATION DETAILS
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Name : |
MOUATH ABDUL QADER DAWOOD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
01.02.2007 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in the roasting and processing of coffee beans, nuts and
spices |
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No. of Employees |
18 |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Jordan |
B1 |
B1 |
|
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 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. In 2013, Jordan depended heavily on foreign assistance to finance the budget deficit, as the influx of about 600,000 Syrian refugees put additional pressure on expenditures
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Source
: CIA |
Company Name : MOUATH ABDUL QADER DAWOOD AL NATSHEH IMPORT
& EXPORT
Country of Origin : Jordan
Legal Form : Sole Proprietorship
Start Date : 2002
Registration Date : 1st February 2007
Invested Capital : JD 40,000
Total Workforce : 18
Activities : Roasting and processing of coffee beans, nuts and spices.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Person Interviewed : Monzer Al Natesheh, Sales Manager
MOUATH
ABDUL QADER DAWOOD AL NATSHEH IMPORT & EXPORT
Building : Commercial
Building
Street : Corniche
Street
Area : Industrial
Area
PO Box : 1700 &
1925
Town : Aqaba 77110
Country : Jordan
Telephone : (962-3) 2030510
/ 2030520
Facsimile : (962-3)
2030510
Mobile : (962-79)
9760976
Email : al_oqab_2008@hotmail.com
Subject operates from a small suite of offices and a factory that are rented
and located in the Industrial Area of Aqaba.
Branch Office (s)
Location Description
· Al Moqablain Area Office
premises
Amman
Tel: (962-6)
4202230
Fax: (962-6)
4202236
Name Position
· Mouath Abdul Qader Abdul Hafeez Dawood Al Natsheh Proprietor & General
Manager
· Motasim Al Natsheh Assistant
General Manager
· Monzer Al Natsheh Sales
Manager
Date of
Establishment : 2002, however
subject was registered on 1st February 2007
Legal Form : Sole
Proprietorship
Commercial Reg.
No. : 4699, Aqaba
National ID No. : 100010599
Invested Capital : JD 40,000
Mr Mouath Abdul Qader Abdul Hafeez Dawood Al
Natsheh
is the sole proprietor of the business.
· Al Oqab Roaster
& Mills
Madaba Street
Al Wahdata Area, Al Muqablin
PO Box: 63
Amman 11591
Tel: (962-6) 4732803
Fax: (962-6) 4202236
Activities: Engaged in the roasting and processing of coffee beans, nuts and
spices.
Import Countries: Europe and India
International Suppliers:
· Bola Ltd India
· Tasty India
Subject has a workforce of 18 employees.
Companies registered in Jordan are not legally required to make their
accounts public and no financial information was released by the company or
submitted by outside sources.
·
Arab Islamic International Bank
Al Wehdat
Branch
Amman
Tel:
(962-6) 4777801
Fax:
(962-6) 4777817
·
Arab Bank Plc
Shmeisani Branch
PO Box: 950545
& 950544
Amman 11195
Tel: (962-6) 5607231
/ 5607115
Fax: (962-6)
5606793 / 5606830
Email: secretariat@arabbank.com.jo
No complaints regarding subject’s payments have been reported.
Please note that the correct spelling of the subject’s name is “Mouath
Abdul Qader Dawood Al Natsheh Import & Export”.
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 business is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.86 |
|
|
1 |
Rs.102.67 |
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Euro |
1 |
Rs.81.69 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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 |
-- |
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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.