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Report Date : |
30.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
LUMBER LOGS
INTERNATIONAL TRADING LLC |
|
|
|
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Registered Office : |
69 King Abdullah
II Street, 1st Floor Amman 11183 |
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|
|
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Country : |
Jordan |
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|
|
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Date of Incorporation : |
12.02.2012 |
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|
|
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Com. Reg. No.: |
27651 |
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|
|
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Legal Form : |
Limited Liability Company |
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|
|
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Line of Business : |
Engaged in the
import and distribution of wood. |
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|
|
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No. of Employees : |
6 |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Business |
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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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Jordan |
A2 |
A2 |
|
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 $2.1 billion, multiple year International Monetary Fund Stand-By
Arrangement. Jordan's financial sector has been relatively isolated from the
international financial crisis because of its limited exposure to overseas
capital markets. Jordan will continue to depend heavily on foreign assistance
to finance the deficit in 2013.
|
Source : CIA |
Company Name :
LUMBER LOGS INTERNATIONAL TRADING LLC
Country of Origin : Jordan
Legal Form :
Limited Liability Company
Registration Date : 12th
February 2012
Commercial
Registration Number : 27651
National ID Number : 200124170
Issued Capital : US$
1,428
Paid up Capital : US$ 1,428
Total Workforce : 6
Activities :
Distributors of wood.
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
LUMBER LOGS
INTERNATIONAL TRADING LLC
Registered &
Physical Address
Location : 69 King Abdullah II Street, 1st
Floor
Town : Amman 11183
Country : Jordan
Telephone : (962-6) 5336111
Facsimile : (962-6) 5336111
Email : rami@lumberlogsinternational.com
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Amman.
Name Position
·
Rami
Bassam Mousa Al Fakhouri Managing
Director
Date of Establishment : 12th
February 2012
Legal Form :
Limited Liability Company
Commercial Reg. No. : 27651
National ID No. :
200124170
Issued Capital : US$ 1,428
Paid up Capital : US$ 1,428
Name of Shareholder
(s) Percentage
·
Rami
Bassam Mousa Al Fakhouri 100%
·
Lumber
Logs International Trading LLC
Cluster France, P21, S#1, International City
Dubai
United Arab Emirates
Tel: (971-4) 4211847
Fax: (971-4) 3355041
Mob: (971-50) 8529510
Activities: Engaged in the import and distribution of
wood.
Import
Countries: Canada and South
Africa.
Export
Countries: GCC countries.
Subject has a
workforce of 6 employees.
Subject is a newly
formed business and as a result financial information is not currently
available.
·
Arab
Bank Plc
Shmeisani Branch
PO Box: 950545 & 950544
Amman 11195
Tel: (962-6) 5607231 / 5607115
Fax: (962-6) 5606793 / 5606830
No complaints
regarding subject’s payments have been reported.
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.54.27 |
|
UK Pound |
1 |
Rs.84.23 |
|
Euro |
1 |
Rs.70.90 |
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.