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Report Date : |
23.06.2014 |
IDENTIFICATION DETAILS
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Name : |
KHALED RABABAH
& PARTNER CO |
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Registered Office : |
Madinah Street, P
O Box 3254, Amman 11953 |
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Country : |
Jordan |
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Date of Incorporation : |
15.05.2005 |
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Com. Reg. No.: |
11949 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Subject’s
operations are performed through the following divisions:- General Trading
Division Engaged in the import and distribution of general foodstuffs and non-food consumables. Sameh Mall
Division Operators of a shopping mall selling food and non-food consumables. |
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No of Employees : |
3,000
(Approximately) |
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 |
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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 – 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 |
Company Name : KHALED RABABAH & PARTNER CO
Also Known As : SAMEH MALL / SAMEH GROUP
Country of Origin : Jordan
Legal Form : Limited Liability Partnership
Registration Date : 15th May 2005
Commercial Registration Number : 11949
Chamber Membership Number : 75850
National ID Number : 200067146
Issued Capital : JD 60,000
Paid up Capital : JD 60,000
Total Workforce : 3,000
Activities : Subject operates several divisions (see below for details)
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Person Interviewed : Jalal Hammad, Commercial Manager
KHALED RABABAH & PARTNER CO
SAMEH MALL / SAMEH GROUP
Registered &
Physical Address
Street : Madinah Street
PO Box : 3254
Town : Amman 11953
Country : Jordan
Telephone : (962-6) 5655589
Facsimile : (962-6) 5655589
Mobile : (962-79) 5887011
Email : group@samehgroup.com / jalal.hammad@samehgroup.com
Premises
Subject operates
from a large suite of offices and a showroom that are rented and located in the
Central Business Area of Amman.
Branch Office
(s)
Location Description
·
Mecca
Street Showroom
premises
Amman
Tel: (962-6) 5812918
·
Ras Al
Ain Street Showroom
premises
Amman
Tel: (962-6) 4383333
·
Zarqa Showroom
premises
Tel: (962-5) 3864441
·
Al
Yarmouk Showroom
premises
Irbid
Name Position
·
Khaled
Sameh Rushaid Rababah Managing
Partner
·
Rushaid
Sameh Rushaid Rababah Partner
·
Mahmoud
Sameh Rushaid Rababah Partner
·
Jalal
Hammad Commercial
Manager
·
Bara
Hamasha Financial
Controller
Date of Establishment : 15th
May 2005
Legal Form :
Limited Liability Partnership
Commercial Reg. No. : 11949
Chamber Member No. : 75850
National ID No. : 200067146
Issued Capital : JD 60,000
Paid up Capital : JD 60,000
Name of Partners
·
Khaled
Sameh Rushaid Rababah
·
Rushaid
Sameh Rushaid Rababah
·
Mahmoud
Sameh Rushaid Rababah
Activities: Subject’s operations are performed through
the following divisions:
·
General Trading Division
Engaged in the import and
distribution of general foodstuffs and non-food consumables.
·
Sameh Mall Division
Operators of a shopping mall selling food and non-food consumables.
Import
Countries: Europe and the
Far East.
Subject has a
workforce of approximately 3,000 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.
·
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.
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 company is
considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.28 |
|
|
1 |
Rs.102.77 |
|
Euro |
1 |
Rs.82.12 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.