MIRA INFORM REPORT

 

 

Report Date :           

17.08.2011

 

IDENTIFICATION DETAILS

 

Name :

HENKEL LEBANON SAL

 

 

Registered Office :

Henkel Building, Christ Roi Road, Zouk Mosbeh Industrial Area, P O Box   12652, Kesrouane

 

 

Country :

Lebanon

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

06.07.1970

 

 

Com. Reg. No.:

23256/2652, Beirut

 

 

Legal Form :

Lebanese Joint Stock Company

 

 

Line of Business :

Manufacturer of detergents, soaps, washing powders, shampoos and  deodorants

 

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 :

EUR 450,000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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)

Lebanon

c1

c1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

SUMMARY

 

Company Name                                     : HENKEL LEBANON SAL

Country of Origin                                    : Lebanon

Legal Form                                            : Lebanese Joint Stock Company

Registration Date                                   : 6th July 1970       

Commercial Registration Number            : 23256/2652, Beirut

Issued Capital                                        : LP 30,000,000

Paid up Capital                                      : LP 30,000,000

Total Workforce                                     : 90

Activities                                               : Manufacture of detergents, soaps, washing powders, shampoos and

                                                              deodorants.

Financial Condition                                 : Fair

Payments                                             : Nothing detrimental uncovered

Operating Trend                                     : Steady

Recommended Credit Limit                     : EUR 450,000

 

 

 

COMPANY NAME

 

HENKEL LEBANON SAL

 

 

company ADDRESS

 

Registered & Physical Address

Building             : Henkel Building

Street               : Christ Roi Road

Area                 : Zouk Mosbeh Industrial Area

PO Box             : 112652

Town                 : Kesrouane

Country             : Lebanon

Telephone         : (961-9) 220374 / 220375 / 220362 / 220363

Facsimile          : (961-9) 223317 / 223397 / 224364

Email                : obegi@inco.com.lb / everyone@henkel-lebanon.com

 

Premises

Subject operates from a large suite of offices and a factory that are owned and located in the Industrial Area of Kesrouane.

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

 

·       Henri Y Obegi                                                                                   Managing Director

 

·       Frank Charles Farage                                                                        Director

 

·       Alain Bauwens                                                                                  Director

 

·       George B Obegi                                                                                Director

 

·       Ashraf El Afifi                                                                                    Director

 

·       Oliver Hebbecker                                                                               Director

 

·       Carol Milan                                                                                       General Manager

 

·       Mounir Moussalli                                                                               Business Development Manager

 

·       Najat Bassil                                                                                      R & D Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 6th July 1970

 

Legal Form                  : Lebanese Joint Stock Company

 

Commercial Reg. No.  : 23256/2652, Beirut

 

Issued Capital              : LP 30,000,000

 

Paid up Capital            : LP 30,000,000

 

Name of Shareholder (s)

 

·       Henkel GmbH

40191 Dusseldorf

Germany

Tel: (49-2) 117970

Fax: (49-2) 117984008

 

·       Obegi Consumer Products (Holding) Sal

Obegi Building

PO Box: 112652

Zouk Mosbeh

Kesrouane

Lebanon

Tel: (961-9) 220361

Fax: (961-9) 223397

 

 

AFFILIATED COMPANIES

 

·       Syrian Detergents Co SAS

Al Bab City Old Road

Free Zone, Musilieh

     PO Box: 754

     Aleppo

     Syria

     Tel: (963-21) 4465432

     Fax: (963-21) 4465593

     Email: cksaf@obegi-sy.com

 

·       Dove Processing Sal

Obegi Building

Wata Amaret Chalhoub

Beirut

     Lebanon

     Tel: (961-1) 898141 / 898755

     Fax: (961-1) 898974

 

 

OPERATIONS

 

Activities: Engaged in the manufacture of detergents, soaps, washing powders, shampoos and deodorants.

 

Import Countries: Italy, France, United Kingdom, Germany and Greece.

 

Brand Names : PERSIL, DIXAN, LE CHAT, WIPP EXPRESS, SOMAT, DER GENERAL,

VERNAL, PRIL, FA, SANI FRESH, SONA and MEDITOL.

 

Export Countries: Subject exports throughout the Middle East.

 

Operating Trend: Steady

 

Subject has a workforce of 90 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 9,700,000,000                       LP 10,050,000,000

 

Local sources consider subject’s financial condition to be Fair.

 

The above financial figures are based on estimations by our local sources.

 

 

BANKERS

 

·       ABN AMRO Bank

PO Box: 1135162

Beirut

Tel: (961-1) 410351

     Fax: (961-1) 404490

 

·       Banca Di Roma

PO Box: 11968

Beirut

Tel: (961-1) 332293

Fax: (961-1) 332932

 

·       Banque Audi Sal

Ashrafieh Branch

PO Box: 112560

Beirut

Tel: (961-1) 200250 / 200251

Fax: (961-1) 200955

 

·       Banque Saradar Sal

PO Box: 111121

Beirut

Tel: (961-1) 410351 / 413543

Fax: (961-1) 404490

 

·       Byblos Bank Sal

PO Box: 115605

Beirut

Tel: (961-1) 898200

Fax: (961-1) 898209

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

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 and the above credit figure is considered to be within subject’s financial means.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.25

UK Pound

1

Rs.73.88

Euro

1

Rs.65.06

 

 

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

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

----

NB

New Business

----

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.