|
Report No. : |
301636 |
|
Report Date : |
07.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL EDUCATION
SERVICES COMPANY (GESCO) |
|
|
|
|
Registered Office : |
El Hijaz Towers,
Office No. 603, Building No. 158, Mecca Street, P O Box 580, Amman 11821 |
|
|
|
|
Country : |
Jordan |
|
|
|
|
Date of Incorporation : |
03.12.2007 |
|
|
|
|
Com. Reg. No.: |
704 |
|
|
|
|
Legal Form : |
Limited Liability Company (Exempt) |
|
|
|
|
Line of Business : |
· Engaged in the provision of educational services, including flexible and innovative educational opportunities for individuals who wish to upgrade their skills for career reasons or explore topics out of general interest. · Engaged in providing simple ways for Arab students who are wishing to improve their English language or to continue their graduate and postgraduate studies in the United Kingdom. · Engaged in building up new relations with different colleges and universities in the United Kingdom in order to facilitate the admission task for students who are willing to continue their studies in highly respected organizations in the United Kingdom. |
|
|
|
|
No of Employees : |
05 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Registration Number Cancelled |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
---- |
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, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 : GLOBAL EDUCATION SERVICES COMPANY (GESCO)
Country of Origin : Jordan
Legal Form : Limited Liability Company (Exempt)
Registration Date : 3rd December 2007
Commercial Registration Number : 704
Issued Capital : JD 30,000
Paid up Capital : JD 30,000
Total Workforce : 5
Activities : Providers of educational services.
Financial Condition : Undetermined
Payments : Unknown
GLOBAL EDUCATION SERVICES COMPANY (GESCO)
Registered &
Physical Address
Building : El Hijaz Towers, Office No. 603,
Building No. 158
Street : Mecca Street
PO Box : 580
Town : Amman 11821
Country : Jordan
Telephone : (962-6) 5520033 / 5562022
Facsimile : (962-6) 5562022
Email : admin@global-education.co.uk
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Amman.
Name Position
·
Dr Maan
S Abdul Jaber Chairman
Date of Establishment : 3rd
December 2007
Legal Form :
Limited Liability Company
(Exempt)
Commercial
Reg. No. : 704
Issued Capital : JD 30,000
Paid up Capital : JD 30,000
Name of Shareholder (s) Percentage
·
Bawabat
Amman For Investment Co 50%
Amman
CR No. 14028
·
Darwish
Mostafa Mahmoud Najah 50%
Activities:
Engaged in the provision of educational services, including flexible and innovative educational opportunities for individuals who wish to upgrade their skills for career reasons or explore topics out of general interest. The office will provide simple ways for Arab students who are wishing to improve their English language or to continue their graduate and postgraduate studies in the United Kingdom. GESCO is building up new relations with different colleges and universities in the United Kingdom in order to facilitate the admission task for students who are willing to continue their studies in highly respected organizations in the United Kingdom.
Subject has a
workforce of 5 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.
·
Bank of
Jordan Ltd
Jebel Amman
PO Box: 2140
Amman
Tel: (962-6) 5642034
Unknown
Please note that
the Jordanian Chamber of Commerce stated that the subject’s commercial
registration number has been cancelled in their. The subject was not prepared
to divulge any information to third parties.
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.63.39 |
|
UK Pound |
1 |
Rs.96.72 |
|
Euro |
1 |
Rs.75.80 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MNL |
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.