|
Report Date : |
17.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
AL SEDANAH JORDAN TRADING LLC |
|
|
|
|
Registered Office : |
Al Salam Building Block, 2nd Floor, Rashed Al Majali
Street, Iskan Abu Nusair PO Box : 540181, Amman 11937 |
|
|
|
|
Country : |
Jordan |
|
|
|
|
Date of Incorporation : |
22.12.2011 |
|
|
|
|
Com. Reg. No.: |
27040, Amman |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Subject is engaged in the import and distribution of pharmaceutical
raw materials. |
|
|
|
|
No. of Employees : |
10 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
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 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Jordan |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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 :
AL SEDANAH JORDAN TRADING LLC
Country of Origin :
Jordan
Legal Form :
Limited Liability Company
Registration Date :
22nd December 2011
Commercial Registration Number :
27040, Amman
Chamber Membership Number :
167115
National ID Number :
200122953
Issued Capital :
JD 100,000
Paid up Capital :
JD 100,000
Total Workforce :
10
Activities :
Distributors of pharmaceutical raw materials.
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
Person Interviewed :
Ahmed Yousef Abu Aqal, Managing Director
AL SEDANAH JORDAN
TRADING LLC
Registered &
Physical Address
Building : Al Salam
Building Block, 2nd Floor
Street : Rashed Al
Majali Street
Area : Iskan Abu
Nusair
PO Box : 540181
Town : Amman 11937
Country : Jordan
Telephone : (962-6) 5105730
/ 5105790
Facsimile : (962-6)
5105735
Mobile : (962-78)
8663913
Email : info@sedanah.com
Premises
Subject operates from a small suite of offices that are rented and
located in the Commercial Business Area of Amman.
Name Position
Ahmed Yousef Abu Aqal Managing Director
Saleh Yousef Al Lalil Director
Date of Establishment : 22nd December 2011
Legal Form : Limited Liability
Company
Commercial Reg. No. : 27040, Amman
Chamber Member No. : 167115
National ID No. : 200122953
Issued Capital : JD 100,000
Paid up Capital : JD 100,000
Name of
Shareholder (s)
Ahmed Yousef Abu Aqal
Saleh Yousef Al Lalil
Activities: Engaged in the
import and distribution of pharmaceutical raw materials.
Import Countries: Europe
and the Far East.
International
Suppliers:
Jiheng Pharmaceutical China
Cibla Pharmaceutical India
Subject has a workforce of 10 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.
Arab Bank Plc
Shmeisani Branch
PO Box: 950545 & 950544
Amman 11195
Tel: (962-6) 5607231 / 5607115
Fax: (962-6) 5606793 / 5606830
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.61.53 |
|
|
1 |
Rs.100.73 |
|
Euro |
1 |
Rs.83.84 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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 |
|
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.