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Report Date : |
04.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
MOUATH ABDUL
QADER DAWOOD AL NATESH IMPORT &
EXPORT |
|
|
|
|
Registered Office : |
Commercial Building,
Corniche Street, Industrial Area, P O Box 1700 & 1925 Aqaba |
|
|
|
|
Country : |
Jordan |
|
|
|
|
Year of Incorporation : |
2002 |
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|
|
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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. |
|
|
|
|
No of Employees : |
18 |
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 |
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|
|
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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Jordan |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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.
|
Source
: CIA |
Concern Name : MOUATH ABDUL QADER DAWOOD AL NATESH IMPORT &
EXPORT
Country of Origin : Jordan
Legal Form : Sole Proprietorship
Registration Date : 2002
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
MOUATH ABDUL QADER
DAWOOD AL NATESH IMPORT & EXPORT
Registered &
Physical Address
Building : Commercial Building
Street : Corniche Street
Area : Industrial Area
PO Box : 1700 & 1925
Town : Aqaba
Country : Jordan
Telephone : (962-3) 2030510 / 2030520
Facsimile : (962-3) 2030510
Premises
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 Natesh Proprietor
& General Manager
·
Motasim Al Natesh Assistant
General Manager
Date of Establishment : 2002
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 Natesh is the sole proprietor of the business.
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 concern 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.
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.59.72 |
|
|
1 |
Rs.102.45 |
|
Euro |
1 |
Rs.81.54 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.