MIRA
INFORM REPORT
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Report Date : |
11.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
MAWLA JEWELLERY SARL |
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Registered Office : |
Khoury Building, 2nd Floor, Nehmeh Yafet Street, Hamra
Sector, Beirut |
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Country : |
Lebanon |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
1997 |
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Com. Reg. No.: |
1002168, Beirut |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importer and Distributors of Jewellery, Precious Stones
and Watches. |
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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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : MAWLA JEWELLERY SARL
Country of Origin : Lebanon
Legal Form : Limited Liability Company
Registration Date : 1997
Commercial Registration Number : 1002168, Beirut
Issued Capital : LP 5,000,000
Paid up Capital : LP 5,000,000
Total Workforce : 5
Line of Business : Distributors of jewellery, precious stones and watches.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
MAWLA JEWELLERY SARL
ADDRESS
Registered & Physical Address
Building : Khoury
Building, 2nd Floor
Street : Nehmeh Yafet
Street
Area : Hamra Sector
Town : Beirut
Country : Lebanon
Telephone : (961-1) 347510
Facsimile : (961-1) 742444
Premises
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Beirut.
KEY PRINCIPALS
· Ali A Mawla Managing
Director
· Haydar A Mawla Director
LEGAL FORM & OWNERS
Date of
Establishment : 1997
Legal Form : Societe A’
Responsibilite Limitee - SARL (Limited Liability Company)
Commercial Reg.
No. : 1002168, Beirut
Issued Capital : LP 5,000,000
Paid up Capital : LP 5,000,000
Name of Shareholder (s)
· Ali A Mawla
· Haydar A Mawla
· Unnamed members of
the Mawla family
Note to the Legal Form
The formation of a Limited Liability Company requires a minimum capital of
LP 5,000,000. The company must have at least 3 shareholders of any nationality.
If the number of shareholders in the company exceeds thirty, the company must
change its registration to a Joint Stock Company within two years or else
dissolve. A Limited Liability Company may not engage in any activities
involving insurance, savings, banking, capital investments and air transport.
The Limited Liability Company must register with the Commercial Register
in the district where it is located, as well as with the Patent Office of the
Ministry of National Economy and Commerce.
LINE OF BUSINESS
Operations : Engaged in the import and distribution of
jewellery, precious stones and watches.
Import Countries : Europe and the Far East.
Operating Trend : Steady
Subject has a workforce of 5 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
8,200,000,000 LP 8,500,000,000
Local sources consider subject’s financial condition to be Fair.
BANKERS
·
Banque Audi Sal
Ashrafieh Branch
PO Box : 112560
Beirut
Tel : (961-1)
200250 / 200251
Fax : (961-1)
200955
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Established in 1997, subject is involved in the import and distribution
of jewellery, precious stones and watches.
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.
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%)