MIRA INFORM
REPORT
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Report Date : |
13.04.2011 |
IDENTIFICATION DETAILS
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Name : |
FAMILY MODY EST |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1975 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Distributors of ready made garments, textiles and leather 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$ 150,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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c1 |
c1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SUMMARY
Company Name : FAMILY MODY EST
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 1975
Invested Capital : LP 1,500,000
Total Workforce : 6
Activities : Distributors of ready made garments, textiles and leather products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY
NAME
FAMILY MODY EST
company
ADDRESS
Registered & Physical
Address
Building : SABCO Building
Street : 6th
Area : Mina Al Hosn
Town :
Country : Lebanon
Telephone : (961-1) 379701 / 379702 /
379703
Facsimile : (961-1) 976264
Email : familymody@familymody.com
Please note that the
number 961-1 826648 locates Mr Marwan Jawad Jaber’s private residence.
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
·
Marwan Jawad Jaber Proprietor
& General Manager
LEGAL
FORM & OWNERS
Date of Establishment : 1975
Legal Form :
Sole Proprietorship
Invested Capital
: LP 1,500,000
Mr Marwan Jawad
Jaber is the sole proprietor of
the business.
AFFILIATED
COMPANIES
·
Getway Limited Manufacturing & Exporter Sarl
Al Hamra
Tel: (961-1)
306744
Fax: (961-1)
306745
CR No. 1000310
OPERATIONS
Activities: Engaged in the import and distribution of
ready made garments, textiles and leather products.
Import
Countries: Europe and the
Operating Trend: Steady
Subject has a
workforce of 6 employees.
FINANCIAL
DATA
Financial
highlights provided by local sources are given below:
Currency: Lebanese
Pounds (LP)
Year
Ending 31/12/09: Year Ending
31/12/10:
Total Sales LP 3,625,000,000 LP 3,810,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Byblos
Bank
Ashrafieh
PO Box: 115605
Tel: (961-1) 335200
Fax: (961-1) 339436
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
business 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.44.22 |
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1 |
Rs.72.26 |
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Euro |
1 |
Rs.63.90 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.