MIRA INFORM REPORT
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Report Date : |
03.08.2011 |
IDENTIFICATION DETAILS
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Name : |
GOLDEN GLOBE INTL TRADE & INVESTMENT CO |
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Registered Office : |
P.O.Box
No 711206, Amman 11171 |
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Country : |
Jordan |
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Date of Incorporation : |
September 2010 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
importers and wholesalers
of iron scrap |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
---- |
NB |
New Business |
---- |
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Maximum Credit Limit : |
US
DLRS 1,000,000 |
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Status : |
New Company |
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Payment
Behaviour : |
Unknown |
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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 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Jordan |
b1 |
b1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
company name
Golden
Globe Intl Trade & Investment Co
company ADDRESS
P.O.Box
No. : 711206
Town :
Amman 11171
Country :
Jordan
Mobile :
(962 79) 922 3398 / (971 55) 298 5026 (Mohammed Zaman mobile in Dubai) (91 94)
2528 5277
(Govind Raghu Chandran)
Fax :
(962 4) 438 3529
E-Mail :
raghuchandran@spongytech.com / spongytech@gmail.com
SENIOR COMPANY PERSONNEL
Name Position
1.
Mohammed Zaman Managing Director
2.
Mohammed Salah Manager
Total
Employees : 2
(administrative)
PAYMENTS
No
trade experience of payments is available.
Subject
is a newly established company incorporated in September 2010.
Opinion
on maximum credit : As the company has recently been
established and has
no financial or
payment track
record, we recommend
dealing on fully secured terms.
Trade risk assessment : High
Opinion
on the credit figure of US DLRS 1,000,000 :
See
above comments.
PRINCIPAL BANKERS
No
trade experience of payments is available.
Subject
is a newly established company incorporated in October 2010.
Opinion
on maximum credit : As the company has recently started
trading and has no
financial or payment
track record, we
recommend dealing on
fully secured
terms.
Trade
risk assessment : High
Opinion
on the credit figure of US DLRS 1,000,000 :
See above comments.
FINANCIAL INFORMATION
As the
Company has only recently been established, relevant financial information is
not available.
LEGAL STATUS AND HISTORY
Date
Started : September 2010
Capital
: not given
Limited Liability Company with the
following shareholders :
1.
Mohammed Zaman
80%
2.
Spongy Tech Consulting Engineers Pvt. Ltd.
20%
Dream-Villa MIG-9/A, CGHB Kota Colony
Raipur, Pin 492010
India
Tel: (91 771) 257 5101
Fax: (91 771) 257 5310
Chief Executive Officer : Govind Raghu Chandran
Affiliated
companies of the subject company :
Associates
Ashiq
Trading Est.
PO
Box: 711206
Amman
11171
Jordan
ACTIVITIES
The
Company is involved in the following activities :
Trading
as importers and wholesalers of iron scrap.
Imports
from Europe, Iraq and Iran.
Exports
to GCC countries, India, Qatar and Saudi Arabia.
FACILITIES
The
Company has the following facilities :
Offices
located in Amman, Jordan.
SPECIAL NOTE
Interviewed
: Govind Raghu Chandran (Chief Executive Officer at Spongy Tech Consulting
Engineers Pvt. Ltd.)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.23 |
|
UK Pound |
1 |
Rs.72.09 |
|
Euro |
1 |
Rs.62.99 |
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 |
|
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 |
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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.