MIRA INFORM REPORT

 

 

Report Date :

17.08.2011

 

IDENTIFICATION DETAILS

 

Name :

DELTA PHARMA DRUGSTORE CO LTD

 

 

Registered Office :

Building No. 73, Daifallah Allouzi Commercial Complex Yajooz Street Jubaiha Area PO Box 851982 Amman 11185

 

 

Country :

Jordan

 

 

Date of Incorporation :

26.05.2010

 

 

Com. Reg. No.:

22456, Amman

 

 

Legal Form :

Limited Liability Partnership

 

 

Line of Business :

Distributors of pharmaceutical products.

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

--

NB

                                       New Business

 

--

 

Maximum Credit Limit :

US$ 50,000

 

 

Status :

New Business

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

--

 

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 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Jordan

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

SUMMARY

 

Company Name                                     : DELTA PHARMA DRUGSTORE CO LTD

Country of Origin                                    : Jordan

Legal Form                                            : Limited Liability Partnership

Registration Date                                   : 26th May 2010

Commercial Registration Number            : 22456, Amman

National ID Number                                : 2000112859

Issued Capital                                        : JD 5,000

Paid up Capital                                      : JD 5,000

Total Workforce                                     : 23

Activities                                               : Distributors of pharmaceutical products.

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

Operating Trend                                     : Steady

Recommended Credit Limit                     : US$ 50,000

 

COMPANY NAME

 

DELTA PHARMA DRUGSTORE CO LTD

 

 

ADDRESS

 

Registered & Physical Address

 

Building             : Building No. 73, Daifallah Allouzi Commercial Complex

Street               : Yajooz Street

Area                 : Jubaiha Area

 

PO Box             : 851982

 

Town                 : Amman 11185

Country             : Jordan

 

Telephone         : (962-6) 5334738 / 5340418

Facsimile          : (962-6) 5340439

Email                : gm@deltagateway.com

 

Premises

 

Subject operates from a medium sized suite of offices and a warehouse that are rented and located in the Central Business Area of Amman.

 

 

KEY PRINCIPALS

 

     Name                                                                                               Position

 

·       Ahmed Mostafa Hefeni Mohamed                                                       Managing Partner

 

·       Dr Tariq Adel Hesham Al Diafi                                                            Partner

 

·       Ezzeddine Hassan                                                                            Financial Controller

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 26th May 2010

 

Legal Form                  : Limited Liability Partnership

 

Commercial Reg. No.  : 22456, Amman

 

National ID No.            : 2000112859

 

Issued Capital              : JD 5,000

 

Paid up Capital            : JD 5,000

 

Name of Partners

 

·       Ahmed Mostafa Hefeni Mohamed

 

·       Dr Tariq Adel Hesham Al Diafi

 

 

AFFILIATED COMPANIES

 

·       Delta International Co For Medical Supply & Trade

Amman

 

 

OPERATIONS

 

Activities: Engaged in the import and distribution of pharmaceutical products.

 

Import Countries: Europe and the Far East.

 

Subject has a workforce of 23 employees.

 

 

FINANCIAL DATA

 

Subject is a newly formed business and as a result financial information is not currently available.

 

 

BANKERS

 

·       Bank of Jordan Ltd

Jebel Amman

PO Box: 2140

Amman

Tel: (962-6) 5642034

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

In view of subject’s infancy, extensive payment and financial are not available, therefore dealings are recommended to be on secured terms, and a close monitoring of subject’s business development is advisable.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.24

UK Pound

1

Rs.73.88

Euro

1

Rs.65.06

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.