MIRA
INFORM REPORT
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Report Date : |
24.11.2006 |
IDENTIFICATION
DETAILS
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Name : |
GHORAYEB
GEMS SARL |
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Registered Office : |
Dadaian
Center, 2nd Floor, Dora Highway, P. O. Box 80136, Beirut |
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Country : |
Lebanon |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
15th March 2004 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Engaged
in the import and distribution of jewellery and precious stones. |
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$
100,000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
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Company
Name |
GHORAYEB GEMS SARL |
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Country
of Origin |
Lebanon |
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Legal
Form |
Limited Liability Company |
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Registration
Date |
15th March 2004 |
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Issued
Capital |
LP 5,000,000 |
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Paid
up Capital |
LP 5,000,000 |
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Total
Workforce |
5 |
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Line
of Business |
Distributors of jewellery and precious stones. |
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Financial
Condition |
Fair |
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Payments |
Nothing detrimental uncovered |
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Operating
Trend |
Steady |
COMPANY NAME
GHORAYEB
GEMS SARL
ADDRESS
Registered & Physical Address
Building : Dadaian Center, 2nd
Floor
Street : Dora Highway
PO Box : 80136
Town : Beirut
Country : Lebanon
Telephone : (961-1) 244796
Facsimile : (961-1) 244797
Mobile : (961-3) 799796 / 760069
Email : ghorayebgems@hotmail.com
Premises
Subject
operates from a small suite of offices that are rented and located in the
Central Business Area of Beirut.
KEY PRINCIPALS
· Omar Jihad Ghorayeb Managing
Director
· Jad Jihad Ghorayeb Director
LEGAL FORM & OWNERS
Date of Establishment : 15th March 2004
Legal Form : Societe A’ Responsibilite Limitee - SARL (Limited Liability Company)
Issued
Capital : LP 5,000,000
Paid
up Capital : LP 5,000,000
Name of Shareholder (s)
· Omar Jihad Ghorayeb
· Jad Jihad Ghorayeb
· Unnamed members of the Ghorayeb
family
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.
LINE OF BUSINESS
Operations
: Engaged in the
import and distribution of jewellery and precious stones.
Import
Countries :
Europe and the Far East.
Operating
Trend : Steady
Subject
has a workforce of 5 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency
: Lebanese Pounds (LP)
Year
Ending 31/12/05 :
Total
Revenue LP 2,300,000,000
Local
sources consider subject’s financial condition to be Fair.
BANKERS
·
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
Established
in 2004, subject is involved in the import and distribution of jewellery and
precious stones.
Local
sources report that the subject’s operating history is clear with payment
obligations met in a generally timely manner. The financial position is
satisfactory and the business is deemed a fair trade risk.
Maximum
suggested credit figure: US$ 100,000
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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