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Report Date : |
15.05.2013 |
IDENTIFICATION DETAILS
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Name : |
TRANS JORDAN
COMPANY FOR GRAINS AND FORAGE LTD |
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Registered Office : |
Building No. 43, Ground
Floor, Ali Bin Abi Taleb Street, Area: Ras Alein, P O Box 713049, Amman 11171 |
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Country : |
Jordan |
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Date of Incorporation : |
01.04.2013 |
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Com. Reg. No.: |
31822, Amman |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Import and
Distribution of Grains, Seeds and Forage. |
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No. of Employees : |
5 |
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 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
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 :
TRANS JORDAN COMPANY FOR GRAINS AND FORAGE LTD
Country of Origin : Jordan
Legal Form :
Limited Liability Company
Registration Date : 1st
April 2013
Commercial
Registration Number : 31822,
Amman
National ID Number : 200132326
Issued Capital : JD
30,000
Paid up Capital : JD
30,000
Total Workforce : 5
Activities :
Distributors of grains, seeds and forage.
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
TRANS JORDAN
COMPANY FOR GRAINS AND FORAGE LTD
Building : Building No. 43, Ground Floor
Street : Ali Bin Abi Taleb Street
Area : Ras Alein
PO Box : 713049
Town : Amman 11171
Country : Jordan
Telephone : (962-6) 4751823
Facsimile : (962-6) 4751823
Mobile : (962-79) 5607263
Email : transjordan1@gmail.com
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Amman.
Name Position
·
Ahmed
Bassam Mohamed Makahelah Managing
Director
·
Fayez
Mohamed Makahelah Director
·
Bassam
Mohamed Makahelah General
Manager
Date of Establishment : 1st
April 2013
Legal Form :
Limited Liability Company
Commercial Reg. No. : 31822, Amman
National ID No. :
200132326
Issued Capital : JD 30,000
Paid up Capital : JD 30,000
·
Ahmed
Bassam Mohamed Makahelah
·
Fayez
Mohamed Makahelah
Activities: Engaged
in the import and distribution of grains, seeds and forage.
Import
Countries: Europe and the Far East.
Subject has a
workforce of 5 employees.
Subject is a newly formed
business and as a result financial information is not currently available.
·
Cairo
Amman Bank
Shabsough Street
PO Box: 715
Amman
Tel: (962-6) 5639321 / 5623100 / 5623109
Fax: (962-6) 5639328
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.54.63 |
|
|
1 |
Rs.83.67 |
|
Euro |
1 |
Rs.71.02 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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 |
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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.