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Report Date : |
08.05.2014 |
IDENTIFICATION DETAILS
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Name : |
AL MOAKHANA
LILKHADAMAT AL LOGISTEIAH WA AL ITISALAT (MADA COMMUNICATION) |
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Registered Office : |
Diva Center, 3rd
Floor, 16 Shat Al Arab Street, Um Thaina 140006 Amman 11814 |
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Country : |
Jordan |
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Date of Incorporation : |
02.03.2005 |
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Com. Reg. No.: |
9761, Amman |
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Legal Form : |
Limited Liability
Company |
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Line of Business : |
Engaged in the provision of communication and
telecommunication services, including service (VPLS), and data centre and
hosting solutions. the latest technologies in the field, including wireless
broadband access, fibre optics solutions, private LAN Service (VPLS), and
data centre and hosting solutions, WiMAX, high quality wireless broadband
access, internet communication services, fibre optics, and managed solutions. |
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No. of Employees |
65 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately 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
|
Source
: CIA |
Company Name :
AL MOAKHANA LILKHADAMAT AL LOGISTEIAH WA AL ITISALAT (MADA
COMMUNICATION)
Country of Origin : Jordan
Legal Form :
Limited Liability Company
Registration Date : 2nd
March 2005
Commercial
Registration Number : 9761,
Amman
National ID Number : 200003082
Issued Capital : JD
29,400,000
Paid up Capital : JD
29,400,000
Total Workforce : 65
Activities :
Providers of communication and telecommunication services.
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
AL MOAKHANA
LILKHADAMAT AL LOGISTEIAH WA AL ITISALAT (MADA COMMUNICATION)
Building : Diva Center, 3rd Floor
Street : 16 Shat Al Arab Street
Area : Um Thaina
PO Box : 140006
Town : Amman 11814
Country : Jordan
Telephone : (962-6) 5532625 / 4000200
Facsimile : (962-6) 5532939
Mobile : (962-79) 6107280 / 6998781 /
6107738
Email : info@mada.jo
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Amman.
Name Position
·
Ahmed Qassim Hanaheda Managing
Director
·
Mohamed Abdul Aal Mostafa Abdul Aal Director
·
Abdulaziz
Mohamed Jawad Mohamed Director
Date of Establishment : 2nd
March 2005
Legal Form :
Limited Liability Company
Commercial Reg. No. : 9761, Amman
National ID No. :
200003082
Issued Capital : JD 29,400,000
Paid up Capital : JD 29,400,000
·
Mada
Communication Group
Manama
Bahrain
·
Zain Jordan
Jordan
Activities: Engaged in the provision of communication and telecommunication services, including service (VPLS), and data centre and hosting solutions. the latest technologies in the field, including wireless broadband access, fibre optics solutions, private LAN Service (VPLS), and data centre and hosting solutions, WiMAX, high quality wireless broadband access, internet communication services, fibre optics, and managed solutions.
Import
Countries: Europe and the
Far East
Subject has a
workforce of 65 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
Jordan Investment Bank
Ibn Hani Street
Shmeisani
PO Box: 8797
Amman 11121
Tel: (962-6) 5607126 / 5607138
Fax: (962-6) 5681482 / 5690646
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.60.03 |
|
|
1 |
Rs.101.96 |
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Euro |
1 |
Rs.83.58 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
PDT |
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 |
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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.