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Report Date : |
21.09.2013 |
IDENTIFICATION DETAILS
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Name : |
SARH FOODSTUFF TRADING COMPANY |
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Registered Office : |
Building No. 9 , Mustapha Al Rfai Street, North Marka Industrial Zone,
PO Box 954308, Amman 11954 |
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Country : |
Jordan |
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Date of Incorporation : |
09.06.2012 |
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Com. Reg. No.: |
27232, Amman |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Engaged in the import and distribution of general foodstuff, dried
foods, rice and spices. |
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No. of Employees : |
12 |
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 Company |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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 |
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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 : SARH
FOODSTUFF TRADING COMPANY
Country of Origin :
Jordan
Legal Form :
Limited Liability Company
Registration Date :
9th June 2012
Commercial Registration Number :
27232, Amman
National ID Number :
200123349
Issued Capital :
JD 30,000
Paid up Capital :
JD 30,000
Total Workforce :
12
Activities :
Distributors of general foodstuff, dried foods, rice and spices
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
Person Interviewed :
Mohamed Zayed, General Manager
SARH FOODSTUFF TRADING COMPANY
Building : Building No.
9
Street : Mustapha Al
Rfai Street
Area : North Marka
Industrial Zone
PO Box : 954308
Town : Amman 11954
Country : Jordan
Telephone : (962-2) 5164972
Facsimile : (962-2)
4884868
Mobile : (962-79)
5690690
Email : mzayed@liantrading.com / purchasing@liantrading.com
Subject operates from a small suite of offices that are rented and located
in the Industrial Area of Amman.
Name Position
· Abdullah Mohamed Ibrahim Al Qawasimah Managing
Director
· Mohamed Zayed
General
Manager
Date of
Establishment : 9th
June 2012
Legal Form : Limited Liability
Company
Commercial Reg.
No. : 27232, Amman
National ID No. : 200123349
Issued Capital : JD 30,000
Paid up Capital : JD 30,000
· Abdullah Mohamed
Ibrahim Al Qawasimah
· Members of Mr Abdullah
Mohamed Ibrahim Al Qawasimah’s family
· Lavant Company for
Foodstuff & Mohamed A R Zayed & Partners
Building No. 7
Sport City
Al Fayrouz Abadi
Street
PO Box: 954308
Amman 11954
Tel: (962-6)
5164972
Fax: (962-6)
5164974
Mob: (962-79)
5692690
Activities: Engaged in the import and distribution of general foodstuff, dried
foods, rice and spices.
Import Countries: Europe and the Far East.
Subject has a workforce of 12 employees.
Subject is a newly formed business and as a result financial information
is not currently available.
·
Arab Jordan Investment Bank
Tia’a Al Ali
Branch
Thaqafah Street
Shmeisani
PO Box: 8797
Amman 11121
Tel: (962-6)
5607126
Fax: (962-6)
5681482
No complaints regarding subject’s payments have been reported.
According to local sources, subject enjoys a good reputation for the
quality of its products with nothing detrimental uncovered regarding the manner
in which operations are conducted. As such the company is considered to be a
fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.62.24 |
|
UK Pound |
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.84.22 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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 |
|
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.