MIRA
INFORM REPORT
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Report Date : |
27th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
PEARL
COMPANY SAL OFFSHORE |
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Registered Office : |
Hoteit
Building, 8th Floor, Acharafieh, Haret Hreik, PO Box: 118834,
Beirut, Lebanon. |
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Country : |
Lebanon |
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Date of Incorporation : |
2003 |
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Com. Reg. No.: |
705915 |
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Legal Form : |
Societe
Anonyme Libanaise - SAL (Lebanese Joint Stock Company) |
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Line of Business : |
Engaged
in the import and distribution of industrial machinery and equipment and
general foodstuff products. |
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 |
PEARL COMPANY SAL OFFSHORE |
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Country
of Origin |
Lebanon |
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Legal
Form |
Lebanese Joint Stock Company |
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Registration
Date |
2003 |
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Commercial
Registration Number |
705915 |
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Issued
Capital |
LP 30,000,000 |
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Paid
up Capital |
LP 30,000,000 |
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Total
Workforce |
4 |
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Line
of Business |
Distributors of industrial machinery and equipment and general foodstuff products. |
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Financial
Condition |
Fair |
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Payments |
Nothing detrimental uncovered |
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Operating
Trend |
Steady |
COMPANY NAME
PEARL
COMPANY SAL OFFSHORE
ADDRESS
Registered & Physical Address
Building : Hoteit Building, 8th
Floor
Area : Acharafieh, Haret Hreik
PO Box : 118834
Town : Beirut
Country : Lebanon
Telephone : (961-1) 552535
Facsimile : (961-1) 552535
Email : big@bigbeirut.com
Premises
Subject
operates from a small suite of offices that are rented and located in the
Central Business Area of Beirut.
KEY PRINCIPALS
· Mostafa Gabaag Managing
Director
· Kamel Kabalan Director
LEGAL FORM & OWNERS
Date of Establishment : 2003
Legal Form : Societe Anonyme Libanaise - SAL (Lebanese Joint Stock Company)
Commercial Reg. No. : 705915
Issued
Capital : LP 30,000,000
Paid
up Capital : LP
30,000,000
Name of Shareholder (s)
· Mostafa Gabaag
· Kamel Kabalan
LINE OF BUSINESS
Operations
: Engaged in the
import and distribution of industrial machinery and equipment and general
foodstuff products.
Import Countries : Europe and GCC countries.
Operating
Trend : Steady
Subject
has a workforce of 4 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 3,100,000,000 LP 3,585,000,000
Local
sources consider subject’s financial condition to be Fair.
BANKERS
·
Arab
Bank Plc
PO Box : 111015
Beirut
Tel :
(961-1) 370122 / 370155 / 862860
Fax : (961-1) 868130 / 602408
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion
on the credit figure of US$ 100,000:
Established
in 2003, subject is involved in the import and distribution of industrial
machinery and equipment and general foodstuff products.
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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