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Report Date : |
24.05.2014 |
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Tel. No.: |
+962 6 4126505 |
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Fax No.: |
+962 6 4124806 |
IDENTIFICATION DETAILS
|
Name : |
|
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|
|
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Registered Office : |
Central Vegetables Market, 386 & 931127 Amman 11732 |
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Country : |
Jordan |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
23.05.1995 |
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Com. Reg. No.: |
4116 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Engaged in the wholesale and retail of fruit and vegetables |
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No of Employees : |
20 |
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 |
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|
|
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Jordan |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
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 : DAGHMASH & BAYYOUD CO
Also Known As : AL ZAWRAA EST FOR MARKETING AGRICULTURAL PRODUCTS
Country of Origin : Jordan
Legal Form : Limited Liability Partnership
Registration Date : 23rd May 1995
Commercial Registration Number : 4116, Amman
National ID Number : 200018508
Issued Capital : JD 5,000
Paid up Capital : JD 5,000
Total Workforce : 20
Activities : Wholesalers and retailers of fruit and vegetables
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Mohamed Salah Mohamed Daghmash, Managing Partner
COMPANY NAME: DAGHMASH & BAYYOUD CO
ALSO KNOWN AS: AL ZAWRAA EST FOR
MARKETING AGRICULTURAL PRODUCTS
Location : Central Vegetables Market
PO Box : 386 & 931127
Town : Amman 11732
Country : Jordan
Telephone : (962-6) 4126505
Facsimile : (962-6) 4124806
Mobile : (962-79) 5530941 / 5650980
Email : alzawraa@hotmail.com / alzawraa@nol.com.jo
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Amman.
Name Position
·
Mohamed
Salah Mohamed Daghmash Managing
Partner
·
Ibrahim
Ahmed Khalil Bayyoud Partner
Date of Establishment : 23rd
May 1995
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 4116, Amman
National ID No. : 200018508
Issued Capital : JD 5,000
Paid up Capital : JD 5,000
·
Mohamed
Salah Mohamed Daghmash
·
Ibrahim
Ahmed Khalil Bayyoud
Activities: Engaged in the wholesale and retail of
fruit and vegetables.
Import
Countries: Europe and the
Far East
Operating Trend: Steady
Subject has a
workforce of 20 employees.
Financial
highlights provided by local sources are given below:
Currency: Jordanian
Dinars (JD)
Year Ending 31/12/12: Year Ending 31/12/13:
Total Sales JD 880,000 JD 925,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Housing
Bank
Parliament Street
PO Box: 7693
Amman
Tel: (962-6) 5667126
No complaints
regarding subject’s payments have been reported.
According to local
sources, subject meets its payment obligations in a timely manner and the
company is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 58.48 |
|
|
1 |
Rs. 98.67 |
|
Euro |
1 |
Rs. 79.80 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
DPT |
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.