|
Report Date : |
28.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
ENDEMAJ FOR SPECIALIZED CHEMICAL AND PHARMACEUTICAL INDUSTRIES CO |
|
|
|
|
Registered Office : |
Al Hasan Industrial City |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
07.07.2010 |
|
|
|
|
Com. Reg. No.: |
22232 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Engaged in the manufacture of veterinary drugs and pesticides |
|
|
|
|
No. of Employees |
180 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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. 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
|
Source
: CIA |
Company Name : ENDEMAJ FOR SPECIALIZED CHEMICAL AND PHARMACEUTICAL
INDUSTRIES CO
Country of Origin : Jordan
Legal Form : Limited Liability Company
Registration Date : 7th July 2010
Commercial Registration Number : 22232
National ID Number : 200112399
Issued Capital : JD 50,000
Paid up Capital : JD 50,000
Total Workforce : 180
Activities : Manufacture of veterinary drugs and pesticides
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
ENDEMAJ FOR SPECIALIZED CHEMICAL AND PHARMACEUTICAL INDUSTRIES CO
Location : Al Hasan
Industrial City
PO Box : 45
Town : Ramatha
214627
Country :
Telephone : (962-2) 7395195
Facsimile : (962-2)
7395225
Mobile : (962-79)
5601679
Subject operates from a large suite of offices and a factory that are rented
and located in the Industrial Area of Ramatha.
Name Position
· Mohamed Aqel
Saleem Owais Managing
Director
· Khalid Al Hallbi Commercial
Manager
· Ms Seham Abbas Administrative
Officer
Date of
Establishment : 7th
July 2010 (Production began in 2013)
Legal Form : Limited Liability
Company
Commercial Reg.
No. : 22232
National ID No. : 200112399
Issued Capital : JD 50,000
Paid up Capital : JD 50,000
· Arabian Co for
Manufacturing of Pesticides & Veterinary Drugs 100%
Amman
Jordan
Activities: Engaged in the manufacture of veterinary drugs and pesticides.
Import Countries: India and China
Subject has a workforce of approximately 180 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.
·
Jordan Commercial Bank
Al Baladyah Building
Arab Unity Street
Ramatha
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.60.14 |
|
|
1 |
Rs.102.22 |
|
Euro |
1 |
Rs.81.02 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NIS |
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.