MIRA
INFORM REPORT
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Report Date : |
02.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
ARABELLE INTERNATIONAL CO SARL |
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Registered Office : |
75 Palma
Building, Ambassades (Safarete) Street, Bir Hassan Area, Ghobeiri, PO Box 135822, Beirut |
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Country : |
Lebanon |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
05.12.1998 |
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Com. Reg. No.: |
74102, Beirut |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale and Retail of Textiles for Curtains and Soft
Furnishings |
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$ 150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : ARABELLE INTERNATIONAL CO SARL
Country of Origin : Lebanon
Legal Form : Limited Liability Company
Registration Date : 5th December 1998
Commercial Registration Number : 74102, Beirut
Issued Capital : LP 5,000,000
Paid up Capital : LP 5,000,000
Total Workforce : 8
Activities : Wholesale and retail of textiles for curtains and soft furnishings
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Ms Nada Hankeer, Sales Manager
COMPANY NAME
ARABELLE
INTERNATIONAL CO SARL
ADDRESS
Registered & Physical Address
Building : 75 Palma Building
Street : Ambassades (Safarete) Street
Area : Bir Hassan Area, Ghobeiri
PO Box : 135822
Town : Beirut
Country : Lebanon
Telephone : (961-1) 850444 / 850666
Facsimile : (961-1) 851777
Email : info@arabelle-intl.com
Premises
Subject operates from
a small suite of offices and a showroom that are rented and located in the
Central Business Area of Beirut.
KEY PRINCIPALS
Name Position
·
Samer
Sofan Managing
Director
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Hassan
Sofan Director
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Ms
Nada Hankeer Sales
Manager
LEGAL FORM & OWNERS
Date of Establishment : 5th
December 1998
Legal Form :
Limited Liability Company
Commercial Reg. No. : 74102, Beirut
Issued Capital : LP 5,000,000
Paid up Capital : LP 5,000,000
Name of Shareholder (s)
·
Samer
Sofan
·
Hassan
Sofan
OPERATIONS
Activities: Engaged in the wholesale and retail of
textiles for curtains and soft furnishings.
Import
Countries: France, India
and China
Operating Trend: Steady
Subject has a
workforce of 8 employees.
FINANCIAL DATA
Financial highlights
provided by local sources are given below:
Currency: Lebanese
Pounds (LP)
Year
Ending 31/12/06: Year
Ending 31/12/07:
Total Sales LP 3,800,000,000 LP 3,950,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
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Lebanon &
Gulf Bank Sal
PO Box 1136404
Beirut
Tel: (961-1) 340190 / 371804
Fax: (961-1) 340190
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
During the course
of this investigation nothing detrimental was uncovered regarding subject’s
operating history or the manner in which payments are fulfilled. As such the
company is considered to be a fair trade risk.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.90 |
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UK Pound |
1 |
Rs.74.30 |
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Euro |
1 |
Rs.63.42 |
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. |
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%)