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Report Date : |
01.10.2014 |
IDENTIFICATION DETAILS
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Name : |
RAWAJ COMMERCIAL COMPANY |
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Registered Office : |
Shebli Complex, 7th Floor, |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
20.05.1999 |
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Com. Reg. No.: |
5710, |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Distributors of pharmaceuticals and medicines. |
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No. of Employees : |
12 |
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 – 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 |
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Restricted |
C2 |
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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 : RAWAJ COMMERCIAL COMPANY
Country of Origin :
Jordan
Legal Form :
Limited Liability Partnership
Registration Date :
20th May 1999
Commercial Registration Number :
5710, Amman
Chamber Membership Number :
81307
National ID Number :
200055943
Issued Capital :
JD 30,000
Paid up Capital :
JD 30,000
Total Workforce :
12
Activities :
Distributors of pharmaceuticals and medicines.
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
RAWAJ COMMERCIAL COMPANY
Registered &
Physical Address
Building : Shebli
Complex, 7th Floor
Street : Khaled Bin
Walid Street
Area : Jabal Al
Hussein
PO Box : 910747
Town : Amman 11191
Country : Jordan
Telephone : (962-6) 5696918
Facsimile : (962-6)
5604957
Mobile : (962-79)
5510448 / 5788908
Email : rcc@go.com.jo
Premises
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Amman.
Name Position
Amer Hassan Mohamed Al Bzour Managing
Partner
Mohamed Hassan Mohamed Al Bzour Partner
Amr Saeed Mohamed Qasrawi Partner
Mahmood Shukro Mohamed Abu Baker Partner
Yaseen Qassim Mohamed Khalifa Partner
Emad Atawnah Commercial
Manager
Read Bajali Accountant
Date of Establishment : 20th
May 1999
Legal Form : Limited Liability
Partnership
Commercial Reg. No. : 5710, Amman
Chamber Member No. : 81307
National ID No. : 200055943
Issued Capital : JD 30,000
Paid up Capital : JD 30,000
Name of Partners Percentage
Mohamed Hassan Mohamed Al Bzour 68%
Amer Hassan Mohamed Al Bzour 8%
Amr Saeed Mohamed Qasrawi 8%
Mahmood Shukro Mohamed Abu Baker 8%
Yaseen Qassim Mohamed Khalifa 8%
Activities: Engaged in the
import and distribution of pharmaceuticals and medicines.
Import Countries: Europe
and India.
Local Suppliers:
Al Arabiya
Al Hikma
Operating Trend: Steady
Subject has a workforce of 12 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
1,700,000 JD
1,785,000
The subject’s financial condition is deemed to be Fair.
Jordan National Bank
Jabal Amman Branch
PO Box: 1578
Amman 11118
Tel: (962-6) 5642391
Fax: (962-6) 5628809
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.61.61 |
|
|
1 |
Rs.100.28 |
|
Euro |
1 |
Rs.78.21 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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Report Prepared
by : |
SDA |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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 |
|
|
-- |
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.