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Report No. : |
340496 |
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Report Date : |
15.09.2015 |
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Tel No.: |
00 962 6 5530692 |
Note: Correct name of the company is “AL NASER ESTABLISHMENT FOR LAB DIAGNOSTIC AND HOSPITAL SUPPLIES”.
IDENTIFICATION DETAILS
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Name : |
AL NASER ESTABLISHMENT FOR LAB DIAGNOSTIC AND
HOSPITAL
SUPPLIES |
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Registered Office : |
Al Namyah Street,
Umm Al Thumaq Area, PO Box No.: 1074, Amman 11821 |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
08.12.2009 However activities date back to
16.10.1985 |
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Com. Reg. No.: |
96596, Amman |
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Legal Form : |
General Partnership |
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Line of Business : |
Subject is
engaged in the import and distribution of laboratory diagnostic equipment and
hospital supplies. |
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No. of Employees : |
10 |
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 :
AL NASER ESTABLISHMENT FOR LAB DIAGNOSTIC AND
HOSPITAL SUPPLIES
Also Known As : AL
MUNTASER HEIRS COMPANY
Country of Origin : Jordan
Legal Form :
General Partnership
Start Date :
16th October 1985
Registration Date : 8th
December 2009
Commercial
Registration Number : 96596,
Amman
National ID Number : 200107463
Partners Capital : JD 5,000
Total Workforce : 10
Activities :
Distributors of laboratory diagnostic equipment and hospital supplies.
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Omar Muntaser
Abdulraman Abdul Hameed Shoaibi, Partner
AL NASER ESTABLISHMENT FOR LAB DIAGNOSTIC
AND HOSPITAL SUPPLIES
AL MUNTASER HEIRS
COMPANY
Street : Al Namyah Street
Area : Umm Al Thumaq Area
PO Box : 1074
Town : Amman 11821
Country : Jordan
Telephone : (962-6) 5530692
Facsimile : (962-6) 5516357
Mobile : (962-78) 5999328
Email : nasermed83@orange.jo
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Amman.
Name Position
·
Bashar
Muntaser Abdulraman Abdul Hameed Shoaibi Managing
Partner
·
Omar
Muntaser Abdulraman Abdul Hameed Shoaibi Partner
·
Abdulrahman
Muntaser Abdulraman Abdul Hameed Shoaibi Partner
Date of Establishment : 8th
December 2009. However activities date back to 16th October 1985
Legal Form :
General Partnership
Commercial Reg. No. : 96596, Amman
National ID No. :
200107463
Partners Capital : JD 5,000
·
Bashar Muntaser Abdulraman Abdul Hameed
Shoaibi
·
Omar Muntaser Abdulraman Abdul Hameed Shoaibi
·
Abdulrahman Muntaser Abdulraman Abdul Hameed
Shoaibi
Activities: Engaged in the import and distribution of
laboratory diagnostic equipment and hospital supplies.
Import
Countries: India and the
United Kingdom
Agencies Held:
·
Highmedia
Laboratories India
·
Plazma
Tech United
Kingdom
Operating Trend: Steady
Subject has a
workforce of 10 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 920,000 JD 1,000,000
Local sources
consider subject’s financial condition to be fair.
The above figures
were provided by Mr Omar Muntaser Abdulraman Abdul Hameed Shoaibi, Partner
·
Bank of
Jordan Ltd
Jebel Amman
PO Box: 2140
Amman
Tel: (962-6) 5642034
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.66.37 |
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UK Pound |
1 |
Rs.102.54 |
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Euro |
1 |
Rs.75.32 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
VNT |
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.