MIRA
INFORM REPORT
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Report Date : |
05.07.2007 |
IDENTIFICATION DETAILS
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Name : |
ETS NEHME FOR
GENERAL TRADING SERVICES |
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Registered Office : |
Rue Kachef El
Jarah, |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
20th August 2003 |
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Com. Reg. No.: |
5000140, Saida |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in the import
and distribution of automotive spare parts and related accessories. |
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 : |
EUR 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : ETS NEHME FOR GENERAL TRADING SERVICES
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 20th August 2003
Commercial Registration Number : 5000140, Saida
Membership Number : 15265
Invested Capital : LP 5,000,000
Total Workforce : 6
Line of Business : Distributors of automotive spare parts and related accessories.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
ETS NEHME FOR
GENERAL TRADING SERVICES
ADDRESS
Registered & Physical Address
Street :
Rue Kachef El Jarah
Area : Tyre
Town : Saida
Country : Lebanon
Telephone : (961-7) 740852
Facsimile : (961-7) 345034
Premises
Subject operates
from a small suite of offices, a showroom and a warehouse that are rented and
located in the Central Business Area of Saida.
KEY PRINCIPALS
·
Ali
Hani Nehme Proprietor
& General Manager
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Hassan
Hani Nehme Assistant
General Manager
LEGAL FORM &
OWNERS
Date of Establishment : 20th
August 2003
Legal Form :
Mouassasa Khassa (Sole
Proprietorship)
Commercial Reg. No. : 5000140,
Saida
Membership
No. : 15265
Invested Capital
: LP 5,000,000
Mr Ali Hani Nehme 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 import and distribution of
automotive spare parts and related accessories.
Import Countries
: Europe and Japan.
Operating Trend
: Steady
Subject has a
workforce of 6 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency : Lebanese
Pounds (LP)
Year Ending
31/12/05 : Year
Ending 31/12/06 :
Total Revenue LP 2,800,000,000 LP
3,050,000,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
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Lebanese
Swiss Bank Sal
PO Box : 119552
Beirut
Tel : (961-1) 346265
Fax : (961-1) 346265
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the
credit figure of EUR 100,000:
Established in 2003,
subject is involved in the import and distribution of automotive spare parts
and related accessories.
Local sources
report that payment obligations are met in a generally timely manner and the
operating history is clear. As such the business is deemed a fair trade risk
and the above credit figure is considered to be within subject’s financial
means.
Maximum suggested
credit figure: EUR 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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)