MIRA INFORM REPORT
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Report Date : |
04.11.2011 |
IDENTIFICATION DETAILS
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Name : |
NATIONAL INSTRUMENTS |
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Registered Office : |
Sasko Group
Building, 4th Floor, Sursok Street, Alchrafieh, Beirut |
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Country : |
Lebanon |
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Date of Incorporation : |
10.08.2004 |
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Com. Reg. No.: |
1003176, Beirut |
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Legal Form : |
Branch of a Foreign Registered Corporation |
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Line of Business : |
Distributors of laboratory equipment |
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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
SUMMARY
Company Name : NATIONAL INSTRUMENTS
Country of Origin : United States of America
Legal Form : Branch of a Foreign Registered Corporation
Registration Date : 10th August 2004
Commercial Registration Number : 1003176, Beirut
VAT Number : 781065
Issued Capital : US$ 1,000
Paid up Capital : US$ 1,000
Total Workforce : 7
Activities : Distributors of laboratory equipment.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
COMPANY NAME
NATIONAL INSTRUMENTS
company ADDRESS
Registered &
Physical Address
Building : Sasko Group Building, 4th
Floor
Street : Sursok Street
Area : Alchrafieh
Town : Beirut
Country : Lebanon
Telephone : (961-1) 332828 / 203835
Facsimile : (961-1) 334300
Email : ni.arabia@ni.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
·
Michael
Hadad Branch
Manager
·
Nancy
Deep Sales
Assistant
LEGAL FORM & OWNERS
Date of Establishment : 10th
August 2004
Legal Form :
Subject is the Lebanese
registered branch of National Instruments, a Limited Liability
Company incorporated in the United States of
America.
National Instruments in the
Lebanon, operates as a Branch of a Foreign Registered
Corporation.
A Branch of a Foreign
Registered Corporation is not a legal entity in its own
right. Responsibility for
payments lays in the hands of the company where it is
originally registered.
Under these circumstances, we
strongly advise that any international trade
credit should only be written
under the name of the main company where the
subject holds its registered
office, in this case the United States of America.
Commercial Reg. No. : 1003176,
Beirut
VAT No. : 781065
Issued Capital : US$ 1,000
Paid up Capital : US$ 1,000
OPERATIONS
Activities: Engaged in the import and distribution of
laboratory equipment.
Import
Countries: Europe, Far East
and the United States of America
Subject has a workforce
of 7 employees.
FINANCIAL DATA
Companies
registered in Lebanon are not legally required to make their accounts public
and no financial information was released by the company or submitted by
outside sources.
BANKERS
·
Bank of
Beirut Sal
Clemanceau Street
PO Box: 117354
Beirut
Tel: (961-1) 360850 / 350723
Fax: (961-1) 360850
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Any credit amount
that is to be offered to this company should be written under the name of
“National Instruments” and directed to the companies head office address in the
United States of America.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.37 |
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UK Pound |
1 |
Rs.78.50 |
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Euro |
1 |
Rs.67.59 |
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.