MIRA INFORM
REPORT
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Report Date : |
09.06.2011 |
IDENTIFICATION DETAILS
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Name : |
SOCIETE GERGY DACCACHE ET FILS SARL |
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Registered Office : |
Kartaba Street, Main Road, Hsoun, P O Box 504020, Jbeil |
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Country : |
Lebanon |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
16.12.1993 |
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Com. Reg. No.: |
50676, Baabda |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of agricultural 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 – March 31st, 2011
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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 : SOCIETE GERGY DACCACHE ET FILS SARL
Also Known As : GERGY DACCACHE & SONS SARL
Country of Origin : Lebanon
Legal Form : Limited Liability Company
Registration Date : 16th December 1993
Commercial Registration Number : 50676, Baabda
VAT Number : 209885
Issued Capital : LP 30,000,000
Paid up Capital : LP 30,000,000
Total Workforce : 50
Activities : Distributors of agricultural products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Madeline Sokhon, Administration Manager
COMPANY NAME
SOCIETE GERGY
DACCACHE ET FILS SARL
ALSO KNOWN AS
GERGY DACCACHE & SONS SARL
company ADDRESS
Registered & Physical Address
Street : Kartaba Street, Main Road
Area : Hsoun
PO Box : 504020
Town : Jbeil
Country : Lebanon
Telephone : (961-9) 440816 / 440770
Facsimile : (961-9) 440770
Mobile : (961-3) 668668
Email : daccacheco@dm.net.lb / madeline@daccache.com
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Suburban Business Area of Jbeil.
KEY PRINCIPALS
Name Position
·
Shawki
Gergy Daccache Managing
Director
·
Tania
Stephan Farrah Director
·
Ghassan
Asmar Commercial
Manager
·
Madeline Sokhon Administration
Manager
LEGAL FORM & OWNERS
Date of Establishment : 16th
December 1993
Legal Form :
Limited Liability Company
Commercial Reg. No. : 50676, Baabda
VAT No. : 209885
Issued Capital : LP 30,000,000
Paid up Capital : LP 30,000,000
Name of Shareholder
(s)
·
Shawki
Gergy Daccache
·
Tania
Stephan Farrah
OPERATIONS
Activities: Engaged in the import and distribution of
agricultural products, including fertilizers, seeds, plants and
greenhouses. Subject also
manufactures greenhouses and plastic covers for growing plants and
vegetables.
Import
Countries: Italy and Spain.
International
Suppliers:
·
Landeni Italy
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Boscato Italy
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Elsa Italy
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 5,650,000,000 LP 5,710,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Fransabank
Sal
St Paul Center
PTT Street
Kesrouane
Tel: (961-9) 830190
Fax: (961-9) 830191
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.61 |
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UK Pound |
1 |
Rs.73.28 |
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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.