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Report Date : |
23.04.2013 |
IDENTIFICATION DETAILS
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Name : |
AL BURJ AGRIVET PESTICIDE MANUFACTURING CO |
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Registered Office : |
148 Al Jamaa Building (University Investment Building), 1st
Floor Ahmed Al Tarawada Street Al Jubiha Area PO Box 2057 Amman 11941 |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
20.03.2005 |
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Com. Reg. No.: |
9765, Amman |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Manufacture of veterinary pesticides, insecticides, fungicides, herbicides, and fertilizers. |
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No. of Employees : |
25 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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. Since assuming the throne in 1999, King ABDALLAH has implemented significant economic reforms, such as opening the trade regime, privatizing state-owned companies, and eliminating some fuel subsidies, which in the last decade spurred economic growth by attracting foreign investment and creating some jobs. The global economic slowdown and regional turmoil, however, have depressed Jordan''s GDP growth, impacting export-oriented sectors, construction, and tourism. In 2011 the government approved two economic relief packages and a budgetary supplement, largely to improve the living conditions for the middle and poor classes. Jordan''s finances have also been strained by a series of natural gas pipeline attacks in Egypt, causing Jordan to substitute more expensive heavy fuel oils to generate electricity. An influx of foreign aid, especially from Gulf countries, has helped to somewhat offset these extrabudgetary expenditures, but the budget deficit is likely to remain high, at nearly 10% of GDP excluding grants. Amman likely will continue to depend heavily on foreign assistance to finance the deficit in 2012. Jordan''s financial sector has been relatively isolated from the international financial crisis because of its limited exposure to overseas capital markets. Jordan is currently exploring nuclear power generation to forestall energy shortfalls.
Source
: CIA
Company Name : AL BURJ AGRIVET PESTICIDE MANUFACTURING CO
Also Known As : SHATARA MOUSA & PARTNERS
Country of Origin : Jordan
Legal Form : Limited Liability Partnership
Registration Date : 20th March 2005
Commercial Registration Number : 9765, Amman
Membership Number : 17237
National ID Number : 200021108
Issued Capital : JD 320,000
Paid up Capital : JD 320,000
Total Workforce : 25
Activities : Manufacture of veterinary pesticides, insecticides, fungicides, herbicides, and fertilizers.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Walid Ibrahim Mousa, Managing Partner
AL BURJ AGRIVET PESTICIDE MANUFACTURING CO
ALSO KNOWN AS: SHATARA MOUSA
& PARTNERS
Building : 148 Al Jamaa
Building (University Investment Building), 1st Floor
Street : Ahmed Al
Tarawada Street
Area : Al Jubiha
Area
PO Box : 2057
Town : Amman 11941
Country : Jordan
Telephone : (962-6) 5337803
/ 5346024 / 5346028
Facsimile : (962-6)
5337804
Mobile : (962-79)
9097462
Email : diarco@go.com.jo
/ diarco@zain.com.jo
Subject operates from a small suite of offices that are rented and
located in the Industrial Area of Amman.
Branch Offices
Location Description
· Sahab Industrial
Area Factory
premises covering 3,016
Amman square
metres
Tel:
(962-6) 4025448
Fax:
(962-6) 4025449
Name Position
· Walid Ibrahim
Mousa Managing
Partner
· Suhail Tawfiq Shatara Partner
· Thana Hassan
Zeinab Partner
· Ahmed Habayeba Factory
Manager
Date of
Establishment : 20th
March 2005
Legal Form : Limited Liability
Partnership
Commercial Reg.
No. : 9765, Amman
Membership No. : 17237
National ID No. : 200021108
Issued Capital : JD 320,000
Paid up Capital : JD 320,000
· Walid Ibrahim
Mousa
· Suhail Tawfiq Shatara
· Thana Hassan
Zeinab
· Al Diyar
Veterinary Corp
Amman
Activities: Engaged in the manufacture of veterinary pesticides, insecticides,
fungicides, herbicides and fertilizers. Subject is ISO 9001 accredited.
Import Countries: Spain and India.
International
Suppliers:
· Petrochem United Arab Emirates
Export Countries: Sudan, Egypt, Tunisia, Algeria, Lebanon, Saudi
Arabia, Yemen, India and China.
Operating Trend: Steady
Subject has a workforce of 25 employees.
Financial highlights provided by local sources are given below:
Currency: Jordanian Dinars (JD)
Year
Ending 31/12/11: Year
Ending 31/12/12:
Total Sales JD
3,000,000 JD
2,500,000
Local sources consider subject’s financial condition to be Fair.
The above figures were provided by Mr Walid Ibrahim Mousa, Managing
Partner
·
HSBC Bank Middle East
Khalid Bin Walid
Street
Jebel Hussein
PO Box: 925286
Amman
Tel: (962-6)
5660471 / 5607471
Fax: (962-6)
5692964
·
Housing Bank for Trading & Finance
Parliament Street
PO Box: 7693
Amman
Tel: (962-6)
5667126
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 company is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.16 |
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|
1 |
Rs.82.45 |
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Euro |
1 |
Rs.70.70 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.