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Report Date : |
02.07.2014 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Alkafgi Building No. 2-154, 5th Floor, Gardens Street, 850869, Amman 11185 |
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Country : |
Jordan |
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Date of Incorporation : |
27.01.2013 |
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Com. Reg. No.: |
294607 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in the process of collecting, refining and shipping of used cooking oil and animal fats |
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No of Employees : |
15 |
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 : |
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 31, 2014
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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Jordan |
B1 |
B1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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. In 2013, Jordan depended heavily on foreign assistance to finance the budget deficit, as the influx of about 600,000 Syrian refugees put additional pressure on expenditures
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Source
: CIA |
Company Name : ANAS JUMA ESTABLISHMENT
Also Known As : WALKERSON GROUP
Country of Origin : Jordan
Legal Form : Sole Proprietorship
Registration Date : 27th January 2013
Commercial Registration Number : 294607, Amman
National ID Number : 100403301
Invested Capital : JD 5,000
Total Workforce : 15
Activities : Collecting, refining and shipping of used cooking oil and animal fats.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Person Interviewed : Raad Al Kateeb, Assistant General Manager
COMPANY NAME: ANAS JUMA ESTABLISHMENT
ALSO KNOWN AS: WALKERSON GROUP
Building : Alkafgi Building No.
2-154, 5th Floor
Street : Gardens Street
PO Box : 850869
Town : Amman 11185
Country : Jordan
Telephone : (962-6) 5537966 / 5537965
Facsimile : (962-6) 5537964
Mobile : (962-79) 5457545
Email : info@walkersongroup.com
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Amman.
Branch Office
(s)
Location Description
·
Khashafeah
Al Aldabaibeh Street Factory
premises
Uohod Area
Sahab Industrial Zone
Amman
Name Position
·
Anas
Juma Radwan Juma Proprietor
& General Manager
·
Raad Al
Kateeb Assistant
General Manager
Date of Establishment : 27th
January 2013
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 294607,
Amman
National ID No. :
100403301
Invested Capital
: JD 5,000
Mr Anas Juma Radwan
Juma is the sole proprietor of the business.
Activities: Engaged in the process of collecting,
refining and shipping of used cooking oil and animal fats.
Import
Countries: Europe and the
Far East
Subject has a
workforce of 15 employees.
Subject is a newly formed
business and as a result financial information is not currently available.
·
Arab
Bank Plc
Shmeisani Branch
PO Box: 950545 & 950544
Amman 11195
Tel: (962-6) 5607231 / 5607115
Fax: (962-6) 5606793 / 5606830
Acc No. 0128/262610-01/510
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
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Indian Rupees |
|
US Dollar |
1 |
Rs. 60.13 |
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|
1 |
Rs. 102.83 |
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Euro |
1 |
Rs. 82.28 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
DPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.