|
Report Date : |
13.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
MS PHARMA |
|
|
|
|
Formerly Known As : |
|
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
22.06.2013 |
|
|
|
|
Com. Reg. No.: |
2576, |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturers of pharmaceuticals |
|
|
|
|
No. of Employees : |
25 |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Business |
|
Payment Behaviour : |
Unknown |
|
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 |
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 : MS PHARMA
Also Known As : NINEVEH DRUG INDUSTRY (NDI)
Country of Origin : Jordan
Legal Form : Limited Liability Company
Registration Date : 22nd June 2013
Commercial Registration Number : 2576, Amman
Issued Capital : JD 50,000
Paid up Capital : JD 50,000
Total Workforce : 25
Activities : Manufacturers of pharmaceuticals
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
MS PHARMA
ALSO KNOWN AS: NINEVEH DRUG INDUSTRY (NDI)
Building : Zahran Plaza
Building, 2nd Floor
Street : Zahran
Street
Area : 7th
Circle
PO Box : 142904
Town : Amman 11844
Country : Jordan
Telephone : (962-6) 5827999
Facsimile : (962-6)
5820876
Email : saleh.aburashed@mspharma.com
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Amman.
Name Position
· Gayas Mounir
Soukhtian Managing
Director
· Saleh Abu Rashed Quality
Manager
· Ayman Ibrahim Operations
Manager
Date of
Establishment : 22nd
June 2013
Legal Form : Limited Liability
Company
Commercial Reg. No. : 2576, Amman
Issued Capital : JD 50,000
Paid up Capital : JD 50,000
· Gayas Mounir
Soukhtian
Activities: Engaged in the manufacture of pharmaceuticals in third parties
facilities in Iraq.
Subject has a workforce of 25 employees.
Subject is a newly formed business and as a result financial information
is not currently available.
·
Bank of Jordan Ltd
Jebel Amman
PO Box: 2140
Amman
Tel: (962-6) 642034
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.60.80 |
|
|
1 |
Rs.94.21 |
|
Euro |
1 |
Rs.81.03 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.