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Report Date : |
24.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
ZEUS INTERNATIONAL MANAGEMENT CONSULTING &
TRADE LCC |
|
|
|
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Registered Office : |
Jumaira Centre, 3rd
Floor, Suite No. 302, Al Madina Al Munawara Street, Tla’a Ali Area, Amman
11814 |
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Country : |
Jordan |
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Date of Incorporation : |
24.04.2007 |
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|
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Com. Reg. No.: |
14176 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of lump and granular sulphur, chemicals, iron ore, mill scale, bitumen, rock phosphate, urea and fertilizers |
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No. of Employees : |
06 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
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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 (31.03.2012) |
Current Rating (30.06.2012) |
|
Jordan |
B1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 and 2012, the government approved two
economic relief packages and a budgetary supplement, meant 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 diesel imports, primarily from Saudi Arabia, to
generate electricity. Jordan is currently exploring nuclear power generation in
addition to the exploitation of abundant oil shale reserves and renewable
technologies to forestall energy shortfalls. In 2012, to correct budgetary and
balance of payments imbalances, Jordan entered into a $2.1 billion, multiple
year International Monetary Fund Stand-By Arrangement. Jordan's financial
sector has been relatively isolated from the international financial crisis
because of its limited exposure to overseas capital markets. Jordan will
continue to depend heavily on foreign assistance to finance the deficit in 2013.
|
Source : CIA |
Company Name : ZEUS INTERNATIONAL MANAGEMENT CONSULTING & TRADE
LLC
Country of Origin : Jordan
Legal Form : Limited Liability Company
Registration Date : 24th April 2007
Commercial Registration Number : 14176
National ID Number : 200026530
Issued Capital : US$ 42,000
Paid up Capital : US$ 42,000
Total Workforce : 6
Activities : Distributors of lump and granular sulphur, chemicals, iron ore, mill
scale, bitumen, rock phosphate, urea and fertilizers
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
ZEUS INTERNATIONAL MANAGEMENT CONSULTING
& TRADE LLC
Registered &
Physical Address
Building : Jumaira Centre, 3rd Floor, Suite
No. 302
Street : Al Madina Al Munawara Street
Area : Tla’a Ali Area
Town : Amman 11814
Country : Jordan
Telephone : (962-6) 5544231
Facsimile : (962-6) 5544241
Mobile : (962-77) 6464980
Email : alfarahtariq@yahoo.com / alfarahtariq@yahoo.com / zeusmanagement@live.com
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Amman.
Name Position
·
Tariq
Anis Ayed Al Farah Managing
Director
·
Hakam
Al Farah Director
·
Rana
Hodges Director
·
Jumana
Rantissi Director
Date of Establishment : 24th
April 2007
Legal Form :
Limited Liability Company
Commercial Reg. No. : 14176
National ID No. :
200026530
Issued Capital : US$ 42,000
Paid up Capital : US$ 42,000
Name of Shareholder
(s) Percentage
·
Tariq
Anis Ayed Al Farah 100%
·
Ajyal
Consultancy Trading Company
Amman
Activities: Engaged in the import and distribution of
lump and granular sulphur, chemicals, iron ore, mill scale,
bitumen, rock phosphate, urea
and fertilizers.
Subject also provides finance and management consultancy services, including payment instrument consulting, contracting consulting and contracting management as well as facilitators for the registration of offshore, and regional offices in Jordan.
Import
Countries: Russia,
Uzbekistan, China, Italy, Egypt, Canada, Iraq, Australia, Mexico and the United
Arab
Emirates.
Subject has a
workforce of 6 employees.
Companies
registered in Jordan are not legally required to make their accounts public and
no financial information was released by the company or submitted by outside
sources.
·
Bank of
Jordan Ltd
King Hussain Street
PO Box: 37
Amman
Tel: (962-6) 5630301
Fax: (962-6) 5638889
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.54.30 |
|
UK Pound |
1 |
Rs.82.88 |
|
Euro |
1 |
Rs.70.80 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.