MIRA
INFORM REPORT
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Report Date : |
17.11.2006 |
IDENTIFICATION
DETAILS
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Name : |
AL
SULTAN FOODSTUFF CO SARL |
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Registered Office : |
Akaria
Building, 1st Floor, Madares Street, Bchamoun, P. O. Box 114870,
Beirut |
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Country : |
Lebanon |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
6th March 1991 |
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Com. Reg. No.: |
34803 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Engaged
in the import and distribution of general foodstuff products, including rice,
sugar, tea, dairy products, fruit and vegetables. |
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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Maximum Credit Limit : |
US$
250,000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : AL SULTAN FOODSTUFF CO SARL
Country of Origin : Lebanon
Legal Form : Limited Liability Company
Registration Date : 6th March 1991
Commercial Registration Number : 34803, Baabda
Issued Capital : LP 20,000,000
Paid up Capital : LP 20,000,000
Total Workforce : 70
Line of Business : Distributors of general foodstuff products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
AL
SULTAN FOODSTUFF CO SARL
ADDRESS
Registered & Physical
Address
Building : Akaria Building, 1st
Floor
Street : Madares Street
Area : Bchamoun
PO Box : 114870
Town : Beirut
Country : Lebanon
Telephone : (961-5) 803032
Facsimile : (961-5) 803317
Mobile : (961-3) 852612 / 851148
Email : info@alsultanfoods.com
Premises
Subject
operates from a medium sized suite of offices that are rented and located in the
Central Business Area of Beirut.
KEY PRINCIPALS
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Fozan
S Al Fozan Managing
Director
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Zaher
F El Khatib Director
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Imad
F El Khatib Director
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Bilal
El Khatib Commercial
Manager
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Ali
Badran Operations
Manager
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Hassan
Chebaro Sales Manager
LEGAL FORM & OWNERS
Date of Establishment : 6th March 1991
Legal Form : Societe A’ Responsibilite Limitee - SARL (Limited Liability Company)
Commercial Reg. No. : 34803, Baabda
Issued
Capital : LP 20,000,000
Paid
up Capital : LP 20,000,000
Name of Shareholder (s)
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Fozan
S Al Fozan
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Zaher
F El Khatib
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Imad
F El Khatib
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
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Kuwait
Proteins
PO Box : 26332
Safat
Kuwait
Tel
: (965) 4311030
Fax
: (965) 4311033
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Akaria
Co Sarl
Lakkis & Kodeih Building
Street No. 73
Ghobeiri
Beirut
Tel : (961-1) 823344
Fax
: (961-1) 823859
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Emirax
Abu Dhabi
United Arab Emirates
Tel
: (971-2) 2679938
Fax : (971-2) 2679936
LINE OF BUSINESS
Operations
: Engaged in the
import and distribution of general foodstuff products, including rice, sugar,
tea, dairy products, fruit and vegetables.
Import
Countries :
Europe, Australia, India and Colombia.
Export
Countries :
Kuwait, Saudi Arabia and Syria.
Brand
Names : DCL,
MAGIC, BUITONI, KINGSWAY, SULTAN, BONLAC, NEDGOLD, CARETILLA, IAN, OK, LANINA,
SAMCO, DOVECO, ALDIA, PANDA, COLD ALEX and LACTOFIL.
Operating
Trend : Steady
Subject
has a workforce of 70 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
15,400,000,000 LP 17,310,000,000
Local
sources consider subject’s financial condition to be Fair.
BANKERS
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Byblos
Bank
Byblos Tower Building
Elias Sarkis Avenue
Ashrafieh
PO Box : 115605
Beirut
Tel : (961-1) 335200
Fax : (961-1) 339436
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion
on the credit figure of US$ 100,000
Established
in 1991, subject is involved in the import and distribution of general
foodstuff products, including rice, sugar, tea, dairy products, fruit and
vegetables.
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 and the above credit
figure is deemed to be within subject’s financial means.
Maximum
suggested credit figure: US$ 250,000
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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