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MIRA
INFORM REPORT
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Report Date : |
03.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
JAWHAR TRADING COMPANY (JTC) |
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Registered Office : |
Al
Sallam Building, Ibn Khaldoun Street, Beirut |
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Country : |
Lebanon |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
24.11.1999 |
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Com. Reg. No.: |
75204, Beirut |
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Legal Form : |
General Partnership |
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Line of Business : |
Wholesale and retail 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 : |
US$ 150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : JAWHAR TRADING COMPANY (JTC)
Country of Origin : Lebanon
Legal Form : General Partnership
Registration Date : 24th November 1999
Commercial Registration Number : 75204, Beirut
Partners Capital : LP 150,000,000
Total Workforce : 8
Activities : Wholesale and retail of automotive spare parts and related accessories
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Mazen Tawfiq Jawhar, Managing Partner
COMPANY NAME
JAWHAR TRADING
COMPANY (JTC)
ADDRESS
Registered & Physical
Address
Building : Al
Sallam Building
Street : Ibn
Khaldoun Street
Town : Beirut
Country : Lebanon
Telephone : (961-1) 707733
/ 706323
Facsimile : (961-1) 816619
Email : durulax@jtc-lebanon.com
Premises
Subject operates
from a small suite of offices and a showroom that are owned and located in the
Central Business Area of Beirut.
Branch Office
(s)
Location Description
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Kassab
Building, Ground Floor Rented
warehouse premises
El Mazraa Ibn Khaldoun Street
Bourj Abi Haidar, Mazraa
Beirut
Tel: (961-3) 220074
KEY PRINCIPALS
Name Position
·
Mazen Tawfiq
Jawhar Managing
Partner
·
Ahmed Tawfiq
Jawhar Partner
LEGAL FORM & OWNERS
Date of Establishment : 24th
November 1999
Legal Form :
General Partnership
Commercial Reg. No. : 75204, Beirut
Partners Capital : LP 150,000,000
Name of Shareholder (s) Percentage
·
Mazen Tawfiq
Jawhar 50%
·
Ahmed Tawfiq
Jawhar 50%
OPERATIONS
Activities: Engaged in the wholesale and retail of
automotive spare parts and related accessories.
Import
Countries: Europe and the
United States of America
Brand Names: MERCEDES BENZ,
PEUGEOT, BMW, FIAT, & OPEL
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 2,900,000,000 LP 3,250,000,000
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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Blom Bank Sal
Al Daber Building
Abdel Aziz Street
PO Box 111912
Beirut
Tel: (961-1) 346290 / 863830 / 371898
Fax:
(961-1) 364133
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
Date of
transaction October
2004
Credit amount 100,000
Amount overdue 0
Payment terms 60
days
Payment Method Letters
of Credit
Paying record No
Complaints
Currency Euros
GENERAL COMMENTS
Established in
1999, subject is owned and managed by Mr Mazen Tawfiq Jawhar and Mr Ahmed
Tawfiq Jawhar who are both well respected in the local business community.
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.
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%)