MIRA INFORM
REPORT
|
Report Date : |
18.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
SMART PHARMA SARL |
|
|
|
|
Registered Office : |
Hara Square
Building, 5th Floor, Hara Main Street, Haret Harek, Beirut |
|
|
|
|
Country : |
Lebanon |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Year of Establishment : |
2000 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Distributors of dental hygiene 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$ 150,000 |
|
|
|
|
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 : SMART PHARMA SARL
Country of Origin : Lebanon
Legal Form : Limited Liability Company
Registration Date : 2000
Issued Capital : LP 30,000,000
Paid up Capital : LP 30,000,000
Total Workforce : 6
Activities : Distributors of dental hygiene products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
SMART PHARMA SARL
company ADDRESS
Registered & Physical Address
Building : Hara Square Building, 5th
Floor
Street : Hara Main Street
Area : Haret Harek
Town : Beirut
Country : Lebanon
Telephone : (961-1) 275010
Facsimile : (961-1) 275010
Mobile : (961-3) 222078
Email : info@smartpharma-lb.com
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
·
Raja
Hussein Al Hussein Managing
Director
·
Dr Ali Hussein
Al Hussein Director
LEGAL FORM & OWNERS
Date of Establishment : 2000
Legal Form :
Limited Liability Company
Issued Capital : LP 30,000,000
Paid up Capital : LP 30,000,000
Name of Shareholder
(s)
·
Raja
Hussein Al Hussein
·
Dr Ali Hussein
Al Hussein
·
Unnamed
members of the Hussein family
OPERATIONS
Activities: Engaged in the import and distribution of
dental hygiene products, such as toothpaste, toothbrushes,
mouthwash and sugar
substitute products.
Import
Countries: Europe and the
United States of America.
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 3,570,000,000 LP 3,610,000,000
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
PO Box: 110393
Beirut
Tel: (961-1) 340180 / 354573
Fax:
(961-1) 354572
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.44.93 |
|
UK Pound |
1 |
Rs.72.43 |
|
Euro |
1 |
Rs.63.62 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.