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Report No. : |
352559 |
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Report Date : |
04.12.2015 |
IDENTIFICATION DETAILS
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Name : |
JORDAN
ROTOGRAVURE CO |
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Registered Office : |
Al Shaikh Salameh
Street, Abu Khurmah, Russaifa, Awajan Industrial Area, P O Box: 950747, Amman
11195, Zarqa |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
09.12.1984 |
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Com. Reg. No.: |
2146, Zarqa |
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Legal Form : |
General Partnership |
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Line of Business : |
· Subject is engaged in the manufacture of flexible packaging materials. ·
Subject also provides printing, waxing,
coating and laminating of packaging materials. |
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No. of Employees : |
135 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Jordan |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
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 and resulting government
debt. King ABDALLAH, during the first decade of the 2000s, implemented
significant economic reforms, such as opening up foreign trade and privatizing
state-owned companies that attracted foreign investment and contributed to
average annual economic growth of 8% for 2004 through 2008. The global economic
slowdown and regional turmoil since, however, reduced the average annual growth
rate to 2.6% for the 2010-2013 period and hurt export-oriented sectors,
construction, and tourism. Jordan's finances have 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.
To diversify its energy mix, Jordan is currently exploring nuclear power
generation, exploitation of abundant oil shale reserves and renewable
technologies, as well as the import of Israeli offshore gas. In August 2012, to
correct budgetary and balance of payments imbalances, Jordan entered into a
$2.1 billion, three year International Monetary Fund Stand-By Arrangement. In
2014, fiscal reform measures enacted in the previous few years continued to
boost government revenues and reduced the budget deficit even as an influx of
over 620,000 Syrian refugees since 2011 put additional pressure on
expenditures.
|
Source
: CIA |
Company Name : JORDAN
ROTOGRAVURE CO
Also Known As : WALID AL
KILANI AND PARTNERS INDUSTRIAL CO
Country of Origin : Jordan
Legal Form :
General Partnership
Registration Date : 9th
December 1984
Commercial Registration
Number : 2146, Zarqa
Membership Number : 262
National ID Number : 200011916
Partners Capital : JD
3,000,000
Total Workforce : 135
Activities :
Manufacture of flexible packaging materials
Financial Condition : Fair
Payments : Nothing
detrimental uncovered
Operating Trend : Steady
Person Interviewed : Ahmed Abu Al Rab,
Finance Manager
JORDAN ROTOGRAVURE
CO
WALID
AL KILANI AND PARTNERS INDUSTRIAL CO
Street : Al Shaikh Salameh Street
Area : Abu Khurmah, Russaifa, Awajan
Industrial Area
PO Box : 950747, Amman 11195
Town : Zarqa
Country : Jordan
Telephone : (962-5) 3652132 / 3651134
Facsimile : (962-5) 3650620
Email : info@jordan-roto.com
Subject operates
from a large suite of offices and a factory that are rented and located in the
Industrial Area of Zarqa.
Name Nationality Position
·
Walid
Ahmed Zaid Al Kilani Jordanian Managing Partner
·
Riyad Walid Ahmed Zaid Al Kilani Jordanian Partner
·
Omar Al Amouri - General
Manager
·
Sofyan Al Kholi - Sales
Manager
·
Ahmed Abu Al Rab - Finance
Manager
Date of Establishment : 9th
December 1984
Legal Form :
General Partnership
Commercial Reg. No. : 2146, Zarqa
Membership No. : 262
National ID No. :
200011916
Partners Capital : JD 3,000,000
·
Walid
Ahmed Zaid Al Kilani 90%
·
Riyad Walid Ahmed Zaid Al Kilani 10%
·
Misr Rotogravure
3rd Industrial Zone
6th
October City
Egypt
Tel:
(20-2) 28333892
Activities: Engaged in the manufacture of flexible
packaging materials.
Subject also provides printing, waxing,
coating and laminating of packaging materials.
Import
Countries: Belgium and the
United Kingdom
International Suppliers:
·
Concept Packaging Dubai
· Gulf Packaging
Industries Saudi Arabia
· Sulphochem Jordan
Operating Trend: Steady
Subject has a
workforce of approximately 135 employees.
Financial
highlights provided by local sources are given below:
Currency: Jordanian
Dinars (JD)
Year
Ending 31/12/13: Year Ending
31/12/14:
Total Sales JD 9,672,196 JD 11,000,000
Local sources
consider subject’s financial condition to be Fair.
The above figures
were provided by Mr Ahmed Abu Al Rab, Finance Manager
·
Arab
Bank Plc
Shmeisani Branch
PO Box: 950545 & 950544
Amman 11195
Tel: (962-6) 5607231 / 5607115
Fax: (962-6) 5606793 / 5606830
·
Jordan
National Bank
Jabal Amman Branch
PO Box: 1578
Amman 11118
Tel: (962-6) 5642391
Fax: (962-6) 5628809
·
Jordan
Gulf Bank
Yacoub Sarouf Street
Shmeisani
PO
Box: 9989
Amman
11191
Tel:
(962-6) 5603931
Fax:
(962-6) 5664110
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.66.75 |
|
|
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.70.67 |
|
JOD |
1 |
Rs.94.27 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
TRI |
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Report Prepared
by : |
NIT |
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 |
-- |
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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.