MIRA
INFORM REPORT
|
Report Date : |
19.12.2008 |
IDENTIFICATION DETAILS
|
Name : |
SOCIETE FILS FAYCAL HAMDOUN SARL |
|
|
|
|
Registered Office : |
Mehdi Center, Ground Floor, Rawdat Al Chahidaine Street,
Ghobeiri, Baabda, P O Box : 259185, Beirut, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
2000 |
|
|
|
|
Com. Reg. No.: |
67742, Baabda |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Import and distribution of chemicals, adhesives
and glues, dyes, pigments, paints, varnishes, enamels and inks, ironmongery
and hardware |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
US$ 150,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
SUMMARY
Company Name : SOCIETE FILS FAYCAL HAMDOUN SARL
Country of Origin :
Legal Form :
Limited Liability Company
Registration Date :
2000
Commercial Registration Number : 67742,
Baabda
Issued Capital :
LP 5,000,000
Paid up Capital :
LP 5,000,000
Total Workforce :
10
Activities :
Import and distribution of chemicals, adhesives and
glues, dyes,
pigments, paints, varnishes, enamels and
inks, ironmongery and
hardware
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit :
US$ 150,000
COMPANY NAME
SOCIETE FILS FAYCAL HAMDOUN SARL
ADDRESS
Registered & Physical Address
Building :
Street :
Area : Ghobeiri, Baabda
PO Box : 259185
Town :
Country :
Telephone : (961-1) 554253
Facsimile : (961-1) 554253
Premises
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Beirut.
KEY PRINCIPALS
Name Position
Wissam F Hamdoun Managing
Director
Ghassan F Hamdoun Director
Rabih F Hamdoun Director
Mrs. Hind Hamdoun Director
LEGAL FORM &
OWNERS
Date of Establishment : 2000
Legal Form : Limited Liability
Company
Commercial Reg. No. : 67742, Baabda
Issued Capital : LP 5,000,000
Paid up Capital : LP 5,000,000
Name of Shareholder
(s)
Wissam F Hamdoun
Ghassan F Hamdoun
Rabih F Hamdoun
Mrs. Hind Hamdoun
OPERATIONS
Activities: Engaged in the import and distribution of chemicals, adhesives and glues, dyes, pigments, paints,
varnishes, enamels and inks, ironmongery and hardware.
Import Countries:
Operating Trend: Steady
Subject has a workforce of 10 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 3,820,000,000 LP 4,000,000,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
BANKERS
Blom Bank Sal
Al
PO Box : 111912
Tel : (961-1) 346290 / 863830 / 371898
Fax : (961-1) 364133
Lebanese Canadian Bank Sal
PO Box : 11252
Tel : (961-1) 880000
Fax : (961-1) 898396
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.08 |
|
|
1 |
Rs.71.17 |
|
Euro |
1 |
Rs.66.98 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)