|
Report Date : |
02.12.2014 |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
No Trace |
|
|
|
|
Payment Behaviour : |
-- |
|
|
|
|
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Sudan |
C1 |
C2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SUDAN - ECONOMIC OVERVIEW
Sudan is an extremely poor
country that has experienced protracted social conflict, civil war, and, in
July 2011, the loss of three-quarters of its oil production due to the
secession of South Sudan. The oil sector had driven much of Sudan's GDP growth
since 1999. For nearly a decade, the economy boomed on the back of rising oil
production, high oil prices, and significant inflows of foreign direct
investment. Since the economic shock of South Sudan's secession, Sudan has
struggled to stabilize its economy and make up for the loss of foreign exchange
earnings. The interruption of oil production in South Sudan in 2012 for over a
year and the consequent loss of oil transit fees further exacerbated the
fragile state of Sudan’s economy. Sudan is also subject to comprehensive US
sanctions. Sudan is attempting to develop non-oil sources of revenues, such as
gold mining, while carrying out an austerity program to reduce expenditures.
The world’s largest exporter of gum Arabic, Sudan produces 75-80% of the
world’s total output. Agriculture continues to employ 80% of the work force.
Sudan introduced a new currency, still called the Sudanese pound, following
South Sudan's secession, but the value of the currency has fallen since its
introduction. Khartoum formally devalued the currency in June 2012, when it
passed austerity measures that included gradually repealing fuel subsidies.
Sudan also faces rising inflation, which reached 47% on an annual basis in
November 2012, but subsided to 25% in 2013. Ongoing conflicts in Southern
Kordofan, Darfur, and the Blue Nile states, lack of basic infrastructure in
large areas, and reliance by much of the population on subsistence agriculture
keep close to half of the population at or below the poverty line.
|
Source
: CIA |
AJB GENERAL
TRADING CO LTD
Location : Jabel Market,
Kator
PO Box :
72607
Town : Juba
Country : South Sudan
Mobile : (211-928)
304419
Upon investigation local sources were unable to locate a company called
“AJB General Trading Co Ltd” in South Sudan. They also consulted local business
directories and journals, as well as the local telephone operator however there
was no mention of the subject of your enquiry.
Enquiries made with the South Sudan Chambers of Commerce also proved
unsuccessful as they had no listing under the name of “AJB General Trading Co
Ltd”. The mobile number listed above was tried on numerous occasions but
remained unanswered.
Should you be able to provide us with any further information on the
subject of your enquiry we shall re-investigate and endeavour to send you a
full report as soon as possible.
Important Note:
Kindly provide us with additional information such as Correct Name, Address, Contact Details, Name of Contact Person or a copy of the Upper Part of Letterhead within 15 days of receiving this report, a would be sent without any additional cost.
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SMN |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.