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Report No. : |
355515 |
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Report Date : |
18.12.2015 |
IDENTIFICATION DETAILS
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Name : |
TAREQ IBRAHIM MOHAMED AL HINDI EST |
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Registered Office : |
Rawhi Quddomi Building, 2nd Floor, Ein Ghazal Road, Tareq
Area, PO Box : 412 & 460152, Amman 11946 |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
30.09.2001 |
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Com. Reg. No.: |
129543, Amman |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Subject is engaged in the import and distribution of industrial and
speciality chemicals |
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No. of Employee : |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Jordan |
B1 |
B1 |
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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 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
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Source
: CIA |
Company Name :
TAREQ IBRAHIM MOHAMED AL HINDI EST
Also Known As :
GENERATION CHEMICALS EST
Country of Origin :
Jordan
Legal Form :
Sole Proprietorship
Registration Date :
30th September 2001
Commercial Registration Number :
129543, Amman
Chamber Membership Number :
91875
Invested Capital : JD 5,000
Total Workforce :
18
Activities :
Distributors of industrial and speciality chemicals.
Financial Condition :
Fair
Payments :
No Complaints
Operating Trend :
Steady
TAREQ IBRAHIM
MOHAMED AL HINDI EST
ALSO KNOWN AS: GENERATION
CHEMICALS EST
Building : Rawhi Quddomi
Building, 2nd Floor
Street : Ein Ghazal
Road
Area : Tareq Area
PO Box : 412 &
460152
Town : Amman 11946
Country : Jordan
Telephone : (962-6) 5066646
/ 5058835
Facsimile : (962-6)
5066647
Mobile : (962-79)
5559357
Email : g-chem@nets.com.jo / info@generationchemicals.com / logistics@generationchemicals.com
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Amman.
Name Position
· Tareq Ibrahim Mohamed Al Hindi Proprietor
& General Manager
· Mohamed Ammar Commercial
Manager
· Mohamed Khalaf Finance
Manager
· Haneen Al Assad Logistics
Executive
· Haneen Hamad Commercial
Executive
· Sara Mahyar Sales
Executive
Date of
Establishment : 30th
September 2001
Legal Form : Sole
Proprietorship
Commercial Reg.
No. : 129543, Amman
Chamber Member No. : 91875
National ID No. : 100025170
Invested Capital : JD 5,000
Mr Tareq Ibrahim Mohamed Al Hindi is the sole
proprietor of the business.
· Generation Chemical Egypt
Mohamed Fareed Street
Heliopolis
Cairo
Tel: (20-2) 26378307
Fax: (20-2) 22409860
Mob: (20-16) 8246024
· Generation Chemicals
Iraq
Activities: Engaged in the import and distribution of industrial and speciality
chemicals.
Import Countries: United States of America, Europe, South Korea,
India and China.
International Suppliers:
· Arizona Chemicals United States of America
· US Zinc United States of
America
· S + A Blackwell
Ltd United Kingdom
· JPE United
Kingdom
· S K Chemicals Co Ltd South Korea
· AYC Chemicals China
· CINIC China
· Guangdong Deqing China
· Hunan China
· Huate Group China
· SLC China
· Aryavat Chemicals Pvt Ltd India
· Aron Universal India
· Cinkarna Slovenia
· Cappelle Pigments Belgium
· Lamberti Italy
· Nymco Italy
· S C Alba Romania
Operating Trend: Steady
Subject has a workforce of 18 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
1,300,000 JD
1,420,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
·
Arab Jordanian Investment Bank
Al Wahdat Branch
Amman 11121
Tel: (962-6)
5607126 / 5607138
Fax: (962-6)
5681482 / 5690646
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
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.65 |
|
|
1 |
Rs.99.61 |
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Euro |
1 |
Rs.72.33 |
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JOD |
1 |
Rs. 93.64 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
ASH |
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 |
-- |
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.