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Report Date : |
28.07.2014 |
IDENTIFICATION DETAILS
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Name : |
METRI GHUNAIM
& PARTNER CO |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2013 (Estimated) |
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Year of Establishments : |
1985 |
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Com. Reg. No.: |
51085 |
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Legal Form : |
General Partnership |
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Line of Business : |
Engaged in the import
and distribution of safety, material handling, industrial and engineering
equipment as well as materials. |
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No of Employees : |
22 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
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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 |
Company Name : METRI GHUNAIM & PARTNER CO
Also Known As : BEIT JALA TRADING ESTABLISHMENT
Country of Origin : Jordan
Legal Form : General Partnership
Start Date : 1985
Registration Date : 15th October 1998
Commercial Registration Number : 51085
National ID Number : 200021325
Partners Capital : JD 80,000
Total Workforce : 22
Activities : Import and distribution of safety, material handling, industrial and
engineering equipment and materials
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
METRI GHUNAIM &
PARTNER CO
BEIT JALA TRADING
ESTABLISHMENT
Registered &
Physical Address
Street : Madaba Street
Area : Middle East Circle
PO Box : 10021
Town : Amman 11151
Country :
Telephone : (962-6) 4777189 / 4778452 / 4771122 /
4771124 / 4782123 / 4750826 / 4751404
Facsimile : (962-6) 4772379 / 4744572
Mobile : (962-79) 5505020 / 5528213
Email : sales@beitjala.com.jo / jala.beit@gmail.com
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Suburban Business Area of Amman.
Name Position
·
Metri
Nakhla Metri Ghunaim Managing
Partner
·
Ghunaim
Metri Nakhla Metri Ghunaim Partner
·
Munzer
Metri Nakhla Metri Ghunaim Partner
Date of Establishment : Subject’s
operations date back to 1985, however it was registered on 15th
October 1998
Legal Form :
General Partnership
Commercial Reg. No. : 51085
National ID No. :
200021325
Partners Capital : JD 80,000
Name of Partners (s)
·
Metri
Nakhla Metri Ghunaim
·
Ghunaim
Metri Nakhla Metri Ghunaim
·
Munzer
Metri Nakhla Metri Ghunaim
Activities: Engaged in the import and distribution of
safety, material handling, industrial and engineering equipment and materials.
Import
Countries: United States of
America, United Kingdom. Germany and India
Brand Names: TRACTEL,
LANEX, CARLSTAHL, ALLSAFE, SAFETY JOGGER, SINGING ROCK, GLOOR,
CORYN, ROTHENBURGER / SUPER-EGO, MEB,
STANLEY, and STARK TOOLS
Operating Trend: Steady
Subject has a
workforce of 22 employees.
Financial
highlights provided by local sources are given below:
Currency: Jordanian
Dinars (JD)
Year
Ending 31/12/12: Year
Ending 31/12/13:
Total Sales JD 2,790,000 JD 2,915,000
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
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.60.14 |
|
UK Pound |
1 |
Rs.102.22 |
|
Euro |
1 |
Rs.81.02 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
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.