MIRA
INFORM REPORT
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Report Date : |
28th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
ETS JOSEPH OJEIL |
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Registered Office : |
Abi
Rached Building, Salaf Street, Dekwaneh, PO Box: 55406 & 113527, Beirut,
Lebanon. |
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Country : |
Lebanon |
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Date of Incorporation : |
11.01.1980 |
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Com. Reg. No.: |
10039, Baabda |
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Legal Form : |
Mouassasa
Khassa (Sole Proprietorship) |
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Line of Business : |
Manufacturers of military equipment. |
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 : |
Usually
Correct |
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Litigation : |
Clear |
SUMMARY
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Company Name |
ETS JOSEPH OJEIL |
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Country of Origin |
Lebanon |
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Legal Form |
Sole Proprietorship |
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Registration Date |
11th January 1980 |
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Commercial Registration Number |
10039, Baabda |
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Invested Capital |
LP 15,000,000 |
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Total Workforce |
50 |
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Line of Business |
Manufacturers of military equipment. |
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Financial Condition |
Fair |
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Payments |
Nothing detrimental uncovered |
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Operating Trend |
Steady |
COMPANY NAME
ETS
JOSEPH OJEIL
ADDRESS
Registered & Physical Address
Building : Abi Rached Building
Street : Salaf Street
Area : Dekwaneh
PO Box : 55406 & 113527
Town : Beirut
Country : Lebanon
Telephone : (961-1) 687200
Facsimile : (961-1) 687204
Mobile : (961-3) 696767
Email : jojeil@inco.com.lb
Premises
Subject
operates from a medium sized suite of offices and a factory that are owned and
located in the Central Business Area of Beirut.
KEY PRINCIPALS
·
Yousef
Wadie Ojeil Proprietor
& General Manager
·
Hadi
Yousef Wadie Ojeil Assistant
General Manager
·
Samir
Nakhoul Administration
Manager
LEGAL FORM & OWNERS
Date of Establishment : 11th January 1980
Legal Form : Mouassasa Khassa (Sole Proprietorship)
Commercial Reg. No. : 10039, Baabda
Invested
Capital : LP 15,000,000
Mr
Yousef Wadie Ojeil is the sole proprietor of the business.
Note to the Legal Form
Commonly referred to as an establishment, the Company Law defines Mouassasa Khassa as the business of an individual where liability for all debts is unlimited. The business is the entire responsibility of its proprietor, who is liable for all its debts to the extent of his entire wealth. There are no legal requirements concerning the amount of capital of a sole proprietor.
LINE OF BUSINESS
Operations
: Engaged in the
manufacture of military equipment, including uniforms, vehicles and ammunition.
Import
Countries :
Europe and the Far East.
Operating
Trend : Steady
Subject
has a workforce of 50 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 4,150,000,000 LP
5,200,000,000
Local
sources consider subject’s financial condition to be Fair.
BANKERS
·
Lebanon
& Gulf Bank Sal
PO Box : 113-6404
Beirut
Tel :
(961-1) 340190 / 371804
Fax : (961-1) 340190
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion
on the credit figure of US$ 100,000:
Established
in 1980, subject is involved in the manufacture of military equipment, including
uniforms, vehicles and ammunition.
Local
sources report that payment obligations are met in a generally timely manner
and the operating history is clear. As such the company is deemed a fair trade
risk and the above credit figure is considered to be within subject’s financial
means.
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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