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Report Date : |
29.08.2013 |
IDENTIFICATION DETAILS
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Name : |
YAHIA NOSYRAT IMPORT AND EXPORT EST |
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Registered Office : |
Building No. 44 Aidon Street Irbid |
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Country : |
Jordan |
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Date of Incorporation : |
29.07.2012 |
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Com. Reg. No.: |
287196, Irbid |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importers and traders of general merchandise and communication products |
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No. of Employees : |
1 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
-- |
NB |
New Business |
-- |
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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 |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
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 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 : YAHIA NOSYRAT IMPORT AND EXPORT EST
Country of Origin : Jordan
Legal Form : Sole Proprietorship
Registration Date : 29th July 2012
Commercial Registration Number : 287196, Irbid
National ID Number : 9781044899
Invested Capital : JD 5,000
Total Workforce : 1
Activities : Importers and traders of general merchandise and communication products
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Person Interviewed : Yehia Ahmed Ibrahim Nosryat, Proprietor
YAHIA NOSYRAT IMPORT AND EXPORT EST
Building : Building No.
44
Street : Aidon Street
Town : Irbid
Country : Jordan
Mobile : (962-79)
7060505
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Irbid.
Name Position
· Yehia Ahmed Ibrahim Nosryat Proprietor
& General Manager
Date of
Establishment : 29th
July 2012
Legal Form : Sole
Proprietorship
Commercial Reg.
No. : 287196, Irbid
National ID No. : 9781044899
Invested Capital : JD 5,000
Mr Yehia Ahmed Ibrahim Nosryat is the sole
proprietor of the business.
Activities: Engaged as importers and traders of general
merchandise and communication products.
Subject has a workforce of 1 employee.
Subject is a newly formed business and as a result financial information
is not currently available.
·
Arab Bank Plc
King Abdullah
Square
PO Box: 16
Irbid
Tel: (962-2)
7242251
Fax: (962-2)
7277596
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.68.36 |
|
|
1 |
Rs.106.03 |
|
Euro |
1 |
Rs.91.47 |
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 |
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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 |
|
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.