Multi module Maven Project dependency issue? - eclipse

Question

I have a multi module project where common-project is depend on another 3rdparty project and below is the pom.xml of common-project
<project xmlns="http://maven.apache.org/POM/4.0.0" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
xsi:schemaLocation="http://maven.apache.org/POM/4.0.0 http://maven.apache.org/xsd/maven-4.0.0.xsd">
<modelVersion>4.0.0</modelVersion>
<groupId>com.tri.iss.pet.common</groupId>
<version>0.0.1-SNAPSHOT</version>
<artifactId>common-um-entities</artifactId>
<name>common-um-entities</name>
<description>Common UM Entities</description>
<properties>
<project.build.sourceEncoding>UTF-8</project.build.sourceEncoding>
</properties>
<build>
<plugins>
<plugin>
<groupId>org.apache.maven.plugins</groupId>
<artifactId>maven-compiler-plugin</artifactId>
<version>2.3.2</version>
<configuration>
<fork>true</fork>
<source>1.7</source>
<target>1.7</target>
</configuration>
</plugin>
</plugins>
</build>
<dependencies>
<dependency>
<groupId>com.tri.iss.pet.common</groupId>
<artifactId>3rdparty</artifactId>
<version>0.0.1-SNAPSHOT</version>
<type>jar</type>
</dependency>
</dependencies>
</project>
As you clearly check i have added dependency in pom.xml file but check below image its saying jar missing
Can someone tell me why only project dependency not able to load while other dependency which coming from Artifactory working fine ?
Note:- Dont be confuse from project name .