MIRA INFORM REPORT

 

 

Report Date :           

08.09.2011

 

IDENTIFICATION DETAILS

 

Name :

TRANSOCEAN TRADING OILFIELD SUPPLY LTD

 

 

Registered Office :

245 Al Medina Street, P O Box 159393, Amman 11134

 

 

Country :

Jordan

 

 

Date of Incorporation :

25.04.2011

 

 

Com. Reg. No.:

101306, Amman

 

 

Legal Form :

Limited Liability Partnership

 

 

Line of Business :

Distributors of chemical materials for the oilfield and drilling industries

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Maximum Credit Limit :

US$ 5,000

Status :

New Business

Payment Behaviour :

---

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

 

 Bottom of Form

SUMMARY

 

Company Name                         : TRANSOCEAN TRADING OILFIELD SUPPLY LTD

Also Known As                                      : IYAD & AMMAR JABER CO

Country of Origin                                    : Jordan

Legal Form                                            : Limited Liability Partnership

Registration Date                                   : 25th April 2011

Commercial Registration Number            : 101306, Amman

National ID Number                                : 200118065

Issued Capital                                        : JD 5,000

Paid up Capital                                      : JD 5,000

Total Workforce                                     : 5

Activities                                               : Distributors of chemical materials for the oilfield and drilling industries.

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

Recommended Credit Limit                     : US$ 5,000

 

 

 

 

COMPANY NAME

 

TRANSOCEAN TRADING OILFIELD SUPPLY LTD

 

 

ALSO KNOWN AS

 

IYAD & AMMAR JABER CO

 

 

company ADDRESS

 

Registered & Physical Address

Location            : 245 Al Medina Street

PO Box             : 159393

Town                 : Amman 11134

Country             : Jordan

Telephone         : (962-6) 5529440

Facsimile          : (962-6) 5529460

Mobile               : (962-79) 7077277

Email                : ammar@transocean-os.com

 

Premises

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

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

 

·       Iyad Ibrahim Jaber                                                                             Managing Partner

 

·       Ammar Ibrahim Jaber                                                             Partner

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 25th April 2011

 

Legal Form                  : Limited Liability Partnership

 

Commercial Reg. No.  : 101306, Amman

 

National ID No.            : 200118065

 

Issued Capital              : JD 5,000

 

Paid up Capital            : JD 5,000

 

Name of Partners

 

·       Iyad Ibrahim Jaber

·       Ammar Ibrahim Jaber

 

 

OPERATIONS

 

Activities: Engaged in the import and distribution of chemical materials for the oilfield and drilling industries.

 

Import Countries: Europe and the Far East.

 

Subject has a workforce of 5 employees.

 

 

FINANCIAL DATA

 

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

 

 

BANKERS

 

·       HSBC Bank Middle East

Khalid Bin Walid Street

Jebel Hussein

PO Box: 925286

Amman

Tel: (962-6) 5660471 / 5607471

Fax: (962-6) 5692964

 

 

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.46.02

UK Pound

1

Rs.73.61

Euro

1

Rs.64.78

 

 

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.