MIRA
INFORM REPORT
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Report Date : |
12.08.2011 |
IDENTIFICATION DETAILS
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Name : |
SOCIETE OJAMCO CO |
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Registered Office : |
Ojamco Building, Ground Floor Al Nahr Street Industrial City, Jdeideh
Metn PO Box 90519 & 80688 Beirut |
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Country : |
Lebanon |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1972 |
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Com. Reg. No.: |
4835, Baabda |
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Legal Form : |
General Partnership |
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Line of Business : |
Distributors of plastic bags, bubble wrap, stretch and shrink films, self adhesive tape and plastic processing machinery. |
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$ 250,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaint |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Lebanon |
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 : SOCIETE OJAMCO CO
Country of Origin : Lebanon
Legal Form : General Partnership
Start Date : 1972
Registration Date : 21st October 1982
Commercial Registration Number : 4835, Baabda
Chamber Membership Number : 19144
Partners Capital : LP 100,000
Total Workforce : 40
Activities : Distributors of plastic bags, bubble wrap, stretch and shrink films, self
adhesive tape and plastic processing machinery.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 250,000
COMPANY NAME
SOCIETE OJAMCO CO
ADDRESS
Registered & Physical Address
Building : Ojamco
Building, Ground Floor
Street : Al Nahr
Street
Area : Industrial
City, Jdeideh Metn
PO Box : 90519 &
80688
Town : Beirut
Country : Lebanon
Telephone : (961-1) 688219
/ 681190
Facsimile : (961-1) 684872
Mobile : (961-3)
633877 / 015292
Email : ojamco@ojamco.com.lb
Premises
Subject operates from a medium sized suite of offices and a warehouse
that are rented and located in the Central Business Area of Beirut.
KEY PRINCIPALS
Name Position
· Edmond G Jammal Managing
Partner
· Joyce E Jammal Partner
· Giscard R Jammal Partner
· Gilbert E Jammal Partner
LEGAL FORM & OWNERS
Date of
Establishment : Subject’s operations
date back to 1972, however it was registered on 21st October 1982
Legal Form : General
Partnership
Commercial Reg.
No. : 4835, Baabda
Chamber Mem. No. : 19144
Partners Capital : LP 100,000
Name of Partner (s)
· Edmond G Jammal
· Joyce E Jammal
· Giscard R Jammal
· Gilbert E Jammal
OPERATIONS
Activities: Engaged in the import and distribution of plastic bags, bubble wrap,
stretch and shrink films, self adhesive tape, food and drink containers, and
plastic processing machinery.
Import Countries: Italy, Spain, France, Netherlands, China and the
United States of America.
Brand Names: OJAMCO, VERIPACK, DERIBLOK and RGD PACKAGING
Operating Trend: Steady
Subject has a workforce of 40 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
6,790,000,000 LP
6,900,000,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
BANKERS
·
Credit Libanais Sal
PO Box: 166729
Beirut
Tel: (961-1) 200028 / 201292
Fax: (961-1) 602615
·
Societe Generale de Banque au Liban Sal
Sehnaoui Building
Sin El Fil
Beirut
Tel: (961-1) 499813 / 483001
Fax: (961-1) 502820
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
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Indian Rupees |
|
US Dollar |
1 |
Rs.45.27 |
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|
1 |
Rs.73.34 |
|
Euro |
1 |
Rs.64.58 |
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 |
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-- |
NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.