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Report No. : |
356306 |
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Report Date : |
29.12.2015 |
IDENTIFICATION DETAILS
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Name : |
GIRONA TRADING CO
LTD |
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Registered Office : |
Khalaf & Ishtay Building, Floor No. 5, Al Madina Al Munawara Street, P O Box: 3405, Amman 11821 |
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Country : |
Jordan |
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Date of Incorporation : |
03.12.2014 |
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Com. Reg. No.: |
38873, Amman |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Import and distribution
of general foodstuffs, subject is establishing its own manufacturing
premises. Subject is also involved in investing in trade and manufacturing
ventures and fostering growth partnerships. |
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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 Business |
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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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Jordan |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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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 and resulting government
debt. King ABDALLAH, during the first decade of the 2000s, implemented
significant economic reforms, such as opening up foreign trade and privatizing
state-owned companies that attracted foreign investment and contributed to
average annual economic growth of 8% for 2004 through 2008. The global economic
slowdown and regional turmoil since, however, reduced the average annual growth
rate to 2.6% for the 2010-2013 period and hurt export-oriented sectors,
construction, and tourism. Jordan's finances have 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.
To diversify its energy mix, Jordan is currently exploring nuclear power
generation, exploitation of abundant oil shale reserves and renewable
technologies, as well as the import of Israeli offshore gas. In August 2012, to
correct budgetary and balance of payments imbalances, Jordan entered into a
$2.1 billion, three year International Monetary Fund Stand-By Arrangement. In
2014, fiscal reform measures enacted in the previous few years continued to
boost government revenues and reduced the budget deficit even as an influx of
over 620,000 Syrian refugees since 2011 put additional pressure on
expenditures.
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Source
: CIA |
Company Name :
GIRONA TRADING CO LTD
Country of Origin : Jordan
Legal Form :
Limited Liability Company
Registration Date : 3rd
December 2014
Commercial
Registration Number : 38873,
Amman
National ID Number : 200145071
Issued Capital : JD
300,000
Paid up Capital : JD
300,000
Total Workforce :
15
Activities :
Distributors of general foodstuffs
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
GIRONA TRADING CO
LTD
Building : Khalaf & Ishtay Building,
Floor No. 5
Street : Al Madina Al Munawara Street
PO Box : 3405
Town : Amman 11821
Country : Jordan
Telephone : (962-6) 5855039
Facsimile : (962-6) 5855034
Mobile : (962-79) 6666088
Email : info@girona.com.jo
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Amman.
Name Nationality Position
·
Zakaria
Ibrahim Mohamed Qassim Jordanian Managing
Director
·
Baha
Zakaria Ibrahim Mohamed Qassim Jordanian Director
·
Fareed
Ibrahim Al Hamadi Syrian Director
·
Fadi
Ibrahim Al Hamadi Syrian Director
·
Mohamed
Dareed Fareed Ibrahim Al Hamadi Syrian Director
Date of Establishment : 3rd
December 2014
Legal Form :
Limited Liability Company
Commercial Reg. No. : 38873, Amman
National ID No. :
200145071
Issued Capital : JD 300,000
Paid up Capital : JD 300,000
·
Zakaria
Ibrahim Mohamed Qassim 25.00%
·
Baha Zakaria
Ibrahim Mohamed Qassim 25.00%
·
Fareed
Ibrahim Al Hamadi 16.66%
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Fadi
Ibrahim Al Hamadi 16.66%
·
Mohamed
Dareed Fareed Ibrahim Al Hamadi 16.66%
Activities: Engaged in the import and distribution of general
foodstuffs, subject is establishing its own manufacturing premises. Subject is
also involved in investing in trade and manufacturing ventures and fostering
growth partnerships.
Import
Countries: Europe and the
Far East
Brand Names: TIP TOP
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
Khaled Ben Alwaleed Street 1
Jabal Hussein
PO Box: 8348
Amman
Tel: (962-6) 640237
Unknown
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.14 |
|
|
1 |
Rs.98.69 |
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Euro |
1 |
Rs.72.55 |
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JOD |
1 |
Rs.93.66 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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AMR |
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Report Prepared
by : |
NIT |
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.