MIRA INFORM REPORT

 

 

Report Date :           

17.08.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

SOCIETE MABSOUT & IDRISS SAL

 

 

Registered Office :

Al Khayrieh Building, 5th Floor, Uruguay Street, Marfa Sector, P O Box 113990, Beirut 2014-5002

 

 

Country :

Lebanon

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

2000

 

 

Com. Reg. No.:

75892, Beirut

 

 

Legal Form :

Lebanese Joint Stock Company

 

 

Line of Business :

Distributors of fresh and frozen meat, poultry and dairy products

 

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$ 180,000

 

 

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

 

 Bottom of Form

SUMMARY

 

Company Name                                     : SOCIETE MABSOUT & IDRISS SAL

Country of Origin                                    : Lebanon

Legal Form                                            : Lebanese Joint Stock Company

Registration Date                                   : 2000

Commercial Registration Number            : 75892, Beirut

Issued Capital                                        : LP 6,800,000,000

Paid up Capital                                      : LP 6,800,000,000

Total Workforce                                     : 50

Activities                                               : Distributors of fresh and frozen meat, poultry and dairy products.

Financial Condition                                 : Fair

Payments                                             : Nothing detrimental uncovered

Operating Trend                                     : Steady

Recommended Credit Limit                     : US$ 180,000

 

COMPANY NAME

 

SOCIETE MABSOUT & IDRISS SAL

 

 

company ADDRESS

 

Registered & Physical Address

Building             : Al Khayrieh Building, 5th Floor

Street               : Uruguay Street

Area                 : Marfa Sector

PO Box             : 113990

Town                 : Beirut 2014-5002

Country             : Lebanon

Telephone         : (961-1) 995895 / 995896 / 995897

Facsimile          : (961-1) 995899

Mobile               : (961-3) 382072

Email                : mabriss@cyberia.net.lb

 

Premises

Subject operates from a medium sized suite of offices that are rented and located in the Central Business Area of Beirut.

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

 

·       Chafic W Idriss                                                                                 Chairman

 

·       Mohamed M Mabsout                                                                        Director

 

·       Adel S Ayass                                                                                   Director

 

·       Walid W Idriss                                                                                  Marketing Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 2000

 

Legal Form                  : Lebanese Joint Stock Company

 

Commercial Reg. No.  : 75892, Beirut

 

Issued Capital              : LP 6,800,000,000

 

Paid up Capital            : LP 6,800,000,000

 

Name of Shareholder (s)

 

·       Chafic W Idriss

 

·       Mohamed M Mabsout

 

·       Adel S Ayass

 

 

OPERATIONS

 

Activities: Engaged in the import and distribution of fresh and frozen meat, poultry and dairy products.

 

Import Countries: Brazil, Argentina, India, Australia and Europe.

 

Brand Names : AIBP, EKROB BV, AJC, DAIRY CREST, ALBAGNAC, VOLYSTAR, PARMALAT and MARFRIG

 

Operating Trend: Steady

 

Subject has a workforce of 50 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 5,125,000,000                       LP 5,370,000,000

 

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

 

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

 

 

BANKERS

 

·       HSBC Bank Middle East

PO Box: 111380

Beirut

Tel: (961-1) 425296

Fax: (961-1) 425295

 

 

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.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.