MIRA INFORM REPORT

 

 

Report Date :           

30.03.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

ALU MARKET SAL

 

 

Registered Office :

Taan & Hakim Building, Ground Floor, Block A, American Street, Hadath, P O Box 146746, Beirut

 

 

Country :

Lebanon

 

 

Date of Incorporation :

20.09.2010

 

 

Com. Reg. No.:

2022465, Baabda

 

 

Legal Form :

Lebanese Joint Stock Company

 

 

Line of Business :

Distributors of aluminium profiles, casts and alloys

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Maximum Credit Limit :

US$ 30,000

Status :

New business

Payment Behaviour :

Unknown

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

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                                     : ALU MARKET SAL

Country of Origin                                    : Lebanon

Legal Form                                            : Lebanese Joint Stock Company

Registration Date                                   : 20th September 2010

Commercial Registration Number            : 2022465, Baabda

Issued Capital                                        : LP 30,000,000

Paid up Capital                                      : LP 30,000,000

Total Workforce                                     : 15

Activities                                               : Distributors of aluminium profiles, casts and alloys.

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered              

Recommended Credit Limit                     : US$ 30,000

 

COMPANY NAME

 

ALU MARKET SAL

 

 

company address

 

Registered & Physical Address

Building             : Taan & Hakim Building, Ground Floor, Block A

Street               : American Street

Area                 : Hadath

PO Box             : 146746

Town                 : Beirut

Country             : Lebanon

Telephone         : (961-1) 545815 / 545816

Facsimile          : (961-1) 547815

Email                : chamounaluminium@gmail.com

 

Premises

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

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

 

·       Yehia Chouman                                                                                Managing Director

 

·       Ayman Chouman                                                                              Director

 

·       Kamal Chouman                                                                               Director

 

·       Aliya Hamoud                                                                                   Director

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 20th September 2010

 

Legal Form                  : Lebanese Joint Stock Company

 

Commercial Reg. No.  : 2022465, Baabda

 

Issued Capital              : LP 30,000,000

 

Paid up Capital            : LP 30,000,000

 

Name of Shareholder (s)

 

·       Yehia Chouman

 

·       Ayman Chouman

 

·       Kamal Chouman

 

·       Aliya Hamoud

 

 

AFFILIATED COMPANIES

 

·       Yehia Chouman & Sons Sarl

Aliya Hammoud Property

Yazbeck Street

Moussaitbe

PO Box: 146746

Beirut

Tel: (961-1) 545815 / 545816

Fax: (961-1) 547815

 

·       Chouman Aluminium Sarl

Taan & Hakim Building, Ground Floor

Block A

American Street

PO Box: 146746

Hadath

Beirut

Tel: (961-1) 545815 / 545716

Fax: (961-1) 547815

 

·       Technical Design Sarl

Beirut

 

 

OPERATIONS

 

Activities: Engaged in the import and distribution of aluminium profiles, casts and alloys.

 

Import Countries: Europe and the Far East.

 

Subject has a workforce of 15 employees.

 

 

FINANCIAL DATA

 

Subject is a newly formed business and as a result financial information is not currently available.

 

 

BANKERS

 

·       Byblos Bank

Byblos Tower Building

Elias Sarkis Avenue

Ashrafieh

PO Box: 115605

Beirut

Tel: (961-1) 335200

Fax: (961-1) 339436

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

In view of subject’s infancy, extensive payment and financial are not available, therefore dealings are recommended to be on secured terms, and a close monitoring of subject’s business development is advisable.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.67

UK Pound

1

Rs.71.63

Euro

1

Rs.63.09

 

 

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

 

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.