MIRA INFORM REPORT

 

 

Report Date :

6th November 2006

 

IDENTIFICATION DETAILS

 

Name :

AYLOUSH FOR IMPORT & EXPORT SARL (AIMEX)

 

 

Registered Office :

Commodore Centre, 3rd Floor

Commodore Street, No. 304

Hamra, 112236

Beirut, Lebanon

 

 

Country :

Lebanon

 

 

Financials (as on) :

31/12/2005

 

 

Date of Incorporation :

1960

 

 

Com. Reg. No.:

17873, Beirut

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Distributors of general foodstuff products.

 

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

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

SUMMARY

 

Company Name

AYLOUSH FOR IMPORT & EXPORT SARL (AIMEX)

Country of Origin

Lebanon

Legal Form

Limited Liability Company

Registration Date

1960

Commercial Registration Number

17873, Beirut

Issued Capital

LP 5,000,000

Paid up Capital

LP 5,000,000

Total Workforce

28

Line of Business

Distributors of general foodstuff products.

Financial Condition

Fair

Payments

Nothing detrimental uncovered

Operating Trend

Steady

 

 

 

 

COMPANY NAME

 

AYLOUSH FOR IMPORT & EXPORT SARL (AIMEX)

 

 

ADDRESS

 

Registered & Physical Address

 

Building             : Commodore Centre, 3rd Floor

Street               : Commodore Street, No. 304

Area                 : Hamra

PO Box             : 112236

Town                 : Beirut

Country             : Lebanon

Telephone         : (961-1) 346195 / 344191

Facsimile          : (961-1) 344190

Email                : aimex@cyberia.net.lb

 

Premises

 

Subject operates from a medium sized suite of offices that are rented and located in the Central Business Area of Beirut.

 

 

KEY PRINCIPALS

 

Hani Rafic Ayloush                                                                                 Managing Director

 

Rafic Salim Ayloush                                                                               Director

 

Hisham Ayloush                                                                                    Director

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 1960

 

Legal Form                  : Societe A’ Responsibilite Limitee - SARL (Limited Liability Company)

 

Commercial Reg. No.  : 17873, Beirut

 

Issued Capital              : LP 5,000,000

 

Paid up Capital            : LP 5,000,000

 

Name of Shareholders

 

Hani Rafic Ayloush

 

Rafic Salim Ayloush

 

Hisham Ayloush

 

Note to the Legal Form  

 

The formation of a Limited Liability Company requires a minimum capital of LP 5,000,000. The company must have at least 3 shareholders of any nationality. If the number of shareholders in the company exceeds thirty, the company must change its registration to a Joint Stock Company within two years or else dissolve. A Limited Liability Company may not engage in any activities involving insurance, savings, banking, capital investments and air transport. The Limited Liability Company must register with the Commercial Register in the district where it is located, as well as with the Patent Office of the Ministry of National Economy and Commerce.

 

 

AFFILIATED COMPANIES

 

Mazex Import & Export

Alexandria

Egypt

Tel : (20-3) 4831246

Fax : (20-3) 4838037

 

Unimex Ltd

Saci Sok 13

Ustundag Evleri

Istanbul

Turkey

Tel : (90-212) 5732383

Fax : (90-212) 6639682

 

Ayloush International

PO Box : 39014

Jebel Ali Free Zone

Dubai

United Arab Emirates

Tel : (971-4) 815425

Fax : (971-4) 2227525

 

S. Ayloush & Sons

Damascus

Syria

Tel : (963-11) 2310886

Fax : (963-11) 2318511

 

Ayloush Enterprises Inc

Los Angeles CA

United States of America

Tel : (1-714) 5387588

Fax : (1-714) 5382975

 

 

LINE OF BUSINESS

 

Operations : Engaged in the import and distribution of general foodstuff products, specialising in fresh

and exotic fruits, rice and nuts.

 

Import Countries : New Zealand, Italy and the United States of America.

 

International Suppliers :

 

New Zealand Kiwi Fruits             New Zealand

Kiwi Uno                                   Italy

Sunchef Marketing                     United States of America

 

Operating Trend : Steady

 

Subject has a workforce of 28 employees.

 

 

FINANCIAL HIGHLIGHTS

 

Financial highlights provided by outside sources are given below :

 

Currency : Lebanese Pounds (LP)

 

                                    Year Ending 31/12/04                 Year Ending 31/12/05

 

Total Revenue                LP 9,350,000,000                       LP 9,900,000,000

 

Local sources consider subject’s financial condition to be Good.

 

 

BANKERS

 

Allied Business Bank Sal

PO Box : 1137165

Beirut

Tel : (961-1) 370994 / 864551

Fax : (961-1) 864551

 

Al Baraka Bank

PO Box : 1135683

Beirut

Tel : (961-1) 863958 / 865248

Fax : (961-1) 4784330 / 4784161

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

Opinion on the credit figure of US$ 100,000

 

Established in 1960, subject is owned and managed by members of the Ayloush family who are well respected in the local business community.

 

As far as payment obligations are concerned, nothing detrimental has been heard regarding the manner in which they are conducted and local sources believe that the subject is a fair trade risk. As such the above credit figure is deemed admissible.

 

Maximum suggested credit figure: US$ 200,000

 

 

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

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions