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Report Date : |
12.12.2013 |
IDENTIFICATION DETAILS
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Name : |
AYN AL KHAIR FOR COMMERCIAL INVESTMENT LTD |
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Registered Office : |
8 Elia Abu
Maadi Street, Shmeisani, P O Box 4355, Amman 11194 |
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Country : |
Jordan |
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Date of Incorporation : |
09.07.2009 |
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Com. Reg. No.: |
177614/8, Amman |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
· importer and distributor of buses. Subject also works on building management system tenders |
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No. of Employees : |
20 |
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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Maximum Credit Limit : |
US$ 100,000 |
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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 – September 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Jordan |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 $2.1
billion, multiple year International Monetary Fund Stand-By Arrangement.
Jordan''s financial sector has been relatively isolated from the international
financial crisis because of its limited exposure to overseas capital markets.
Jordan will continue to depend heavily on foreign assistance to finance the
deficit in 2013.
|
Source : CIA |
Company Name : AYN AL KHAIR FOR COMMERCIAL INVESTMENT LTD
Country of Origin : Jordan
Legal Form : Limited Liability Company
Start Date : 9th July 2009
Registration Date : 9th April 2013
Commercial Registration Number : 177614/8, Amman
National ID Number : 200104460
Issued Capital : JD 5,000
Paid up Capital : JD 5,000
Total Workforce : 20
Activities : Distributors of buses
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 100,000
Person Interviewed : Fares Jubrail Okleh Tadros, Managing Director
AYN AL KHAIR FOR
COMMERCIAL INVESTMENT LTD
Registered &
Physical Address
Street : 8 Elia Abu Maadi Street
Area : Shmeisani
PO Box : 4355
Town : Amman 11194
Country : Jordan
Mobile : (962-79) 5525606
Email : alkhair@gmail.com
Premises
Subject operates
from a medium sized suite of offices that are owned and located in the Central
Business Area of Amman.
Name Position
·
Fares Jubrail Okleh Tadros Managing
Director
Date of Establishment : 9th
July 2009
History : Subject began on the 9th
July 2009 under the commercial registration number 19162.
However on 9th April 2013 it re-registered under the
commercial registration number
177614/8.
Legal Form :
Limited Liability Company
Commercial Reg. No. : 177614/8,
Amman
National ID No. :
200104460
Issued Capital : JD 5,000
Paid up Capital : JD 5,000
Name of Shareholder
(s) Percentage
·
Fares
Jubrail Okleh Tadros 100%
Activities: Engaged in the import and distribution of
buses. Subject also works on building management system
tenders.
Import
Countries: Poland
Sole Agencies
Held:
·
ME for
Autosan Buses Poland
Subject has a
workforce of 20 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.
·
Al
Etihad Bank
Ibn Khaldoun Street
Amman
PO Box: 35104
Tel: (962-6) 4644770 / 4644771
Fax: (962-6) 4647218
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.61.33 |
|
UK Pound |
1 |
Rs.100.79 |
|
Euro |
1 |
Rs.84.38 |
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 |
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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 |
|
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 |
|
<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.