MIRA INFORM
REPORT
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Report Date : |
07.06.2011 |
IDENTIFICATION DETAILS
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Name : |
PRO CHEM SARL |
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Registered Office : |
Etoil Centre, 8th
Floor, Rizkalla Semaan Street, Ain El Remmaneh Area, Furn El Chebbak, P O Box
50030, Beirut |
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Country : |
Lebanon |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
2004 |
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Com. Reg. No.: |
2003411, Baabda |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesalers and retailers of chemical 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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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 – 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 |
Bottom of Form
SUMMARY
Company Name : PRO CHEM SARL
Country of Origin : Lebanon
Legal Form : Limited Liability Company
Registration Date : 2004
Commercial Registration Number : 2003411, Baabda
Issued Capital : LP 15,000,000
Paid up Capital : LP 15,000,000
Total Workforce : 6
Activities : Wholesalers and retailers of chemical products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
PRO CHEM SARL
company ADDRESS
Registered & Physical Address
Building : Etoil Centre, 8th
Floor
Street : Rizkalla Semaan Street
Area : Ain El Remmaneh Area, Furn El
Chebbak
PO Box : 50030
Town : Beirut
Country : Lebanon
Telephone : (961-1) 280073
Facsimile : (961-1) 280038
Mobile : (961-3) 732000 / 094621
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
·
Riad
Paul J Khoros Managing
Director
·
Jennifer
P Khoros Director
·
Jocelyne
J Hatem Director
LEGAL FORM & OWNERS
Date of Establishment : 2004
Legal Form :
Limited Liability Company
Commercial Reg. No. : 2003411,
Baabda
Issued Capital : LP 15,000,000
Paid up Capital : LP 15,000,000
Name of Shareholder
(s)
·
Riad
Paul J Khoros
·
Jennifer
P Khoros
·
Jocelyne
J Hatem
AFFILIATED COMPANIES
·
Pro
Chem International Sal
Beirut
·
Pro
Chem Trading FZE
Dubai
United Arab Emirates
·
Pro
Chem International
Hong Kong
OPERATIONS
Activities: Engaged in the wholesale and retail of
chemical products.
Import
Countries: Europe, China
and India.
Export
Countries: Saudi Arabia,
Kuwait, Bahrain, Oman, Qatar, Syria, Jordan, Egypt, Nigeria and Ethiopia.
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 3,185,000,000 LP 3,400,000,000
Local sources consider
subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Banque
Audi Sal
Ashrafieh Branch
PO Box: 112560
Tel: (961-1) 200250 / 200251
Fax: (961-1) 200955
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 |
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US Dollar |
1 |
Rs.44.72 |
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UK Pound |
1 |
Rs.73.46 |
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Euro |
1 |
Rs.65.47 |
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.