MIRA INFORM
REPORT
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Report Date : |
04.05.2011 |
IDENTIFICATION DETAILS
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Name : |
SOCIETE KAMEL BEKDACHE & FILS SAL |
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Registered Office : |
Mayassah Building,
Airport Road, Ghobeiri, P O Box 135738, Beirut |
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Country : |
Lebanon |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
29.06.1988 |
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Com. Reg. No.: |
54282, Beirut |
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Legal Form : |
Lebanese Joint Stock Company |
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Line of Business : |
Manufacturers of paper |
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 |
SUMMARY
Company Name : SOCIETE KAMEL BEKDACHE & FILS SAL
Country of Origin : Lebanon
Legal Form : Lebanese Joint Stock Company
Start Date : 1884
Registration Date : 29th June 1988
Commercial Registration Number : 54282, Beirut
Issued Capital : LP 30,000,000
Paid up Capital : LP 30,000,000
Total Workforce : 75
Activities : Manufacturers of paper
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
SOCIETE KAMEL BEKDACHE & FILS SAL
company ADDRESS
Registered & Physical Address
Building : Mayassah Building
Street :
Area : Ghobeiri
PO Box : 135738
Town : Beirut
Country :
Telephone : (961-1) 841300 / 841301 / 841303
Facsimile : (961-1) 841302
Mobile : (961-3) 377194
Premises
Subject operates
from a large suite of offices and a factory that are owned and located in the
Suburban Business Area of Beirut.
KEY PRINCIPALS
Name Position
·
Jamal A
Bekdache Managing
Director
·
Nadine
J Bekdache Director
·
Hassan
A Naser Director
·
Maha
Fakhro Kawwa General
Manager
·
Tony
Hajj Sales
Manager
·
Hanan
Bahmad Finance
Manager
·
Rony
Kamouh Production
Manager
LEGAL FORM & OWNERS
Date of Establishment : Subject’s
operations date back to 1884, however it was registered under its current style
on 29th June 1988.
Legal Form :
Lebanese Joint Stock
Company
Commercial Reg. No. : 54282, Beirut
Issued Capital : LP 30,000,000
Paid up Capital : LP 30,000,000
Name of Shareholder
(s)
·
Jamal A
Bekdache
·
Nadine
J Bekdache
·
Hassan
A Naser
OPERATIONS
Activities: Engaged in the manufacture of printing,
drawing and writing paper.
Import
Countries: Sweden, Germany,
Finland, Austria, Brazil, Portugal, Japan and Thailand.
Operating Trend: Steady
Subject has a
workforce of 75 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 8,790,000,000 LP 9,225,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Arab
Bank Plc
PO Box: 111015
Beirut
Tel: (961-1) 370122 / 370155 / 862860
Fax: (961-1) 868130 / 602408
·
Banque
Nationale de Paris Intercontinentale
PO Box: 111608
Beirut
Tel: (961-1) 200600 / 333717 / 216140
Fax: (961-1) 200604
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.44.34 |
|
|
1 |
Rs.73.70 |
|
Euro |
1 |
Rs.65.75 |
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 |
|
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 |
|
<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.