MIRA
INFORM REPORT
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Report Date : |
06.07.2007 |
IDENTIFICATION DETAILS
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Name : |
PEARL COMPANY SAL
OFFSHORE |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
2003 |
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Com. Reg. No.: |
705915 |
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Legal Form : |
Lebanese Joint Stock Company |
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Line of Business : |
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
Company Name PEARL COMPANY SAL OFFSHORE
Country of Origin
Legal Form Lebanese Joint Stock Company
Registration Date 2003
Commercial Registration Number 705915
Issued Capital LP 30,000,000
Paid up Capital LP 30,000,000
Total Workforce 4
Line of Business Distributors of industrial machinery and equipment and
general foodstuff products.
Financial Condition Fair
Payments Nothing detrimental uncovered
Operating Trend Steady
COMPANY NAME
PEARL COMPANY SAL
OFFSHORE
ADDRESS
Registered & Physical Address
Building :
Area : Acharafieh, Haret Hreik
PO Box : 118834
Town :
Country :
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
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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)
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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 :
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
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Arab
Bank Plc
PO Box : 111015
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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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%)