MIRA
INFORM REPORT
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Report Date : |
24.11.2011 |
IDENTIFICATION DETAILS
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Name : |
SYDIS SARL |
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Registered Office : |
Katbey Building Hadath Main Road Brazilia Area PO Box 40020 Baabda |
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Country : |
Lebanon |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
23.12.2004 |
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Com. Reg. No.: |
2004967, Baabda |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of general foodstuff products, animal feeds, cleaning products,cosmetics, stationery, timber and chemical products |
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No. of Employees : |
70 employees |
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$ 200,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaint |
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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 30, 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 : SYDIS SARL
Country of Origin : Lebanon
Legal Form : Limited Liability Company
Registration Date : 23rd December 2004
Commercial Registration Number : 2004967, Baabda
Issued Capital : LP 75,000,000
Paid up Capital : LP 75,000,000
Total Workforce : 70
Activities : Distributors of general foodstuff products, animal feeds, cleaning products,cosmetics, stationery, timber and chemical products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 200,000
COMPANY NAME
SYDIS SARL
ADDRESS
Registered & Physical Address
Building : Katbey
Building
Street : Hadath Main
Road
Area : Brazilia
Area
PO Box : 40020
Town : Baabda
Country : Lebanon
Telephone : (961-5) 951877
/ 951878 / 451917
Facsimile : (961-5) 951879
Mobile : (961-3)
695969 / 240139
Email : info@sydis.lb.com
Premises
Subject operates from a medium sized suite of offices and a warehouse
that are rented and located in the Central Business Area of Baabda.
KEY PRINCIPALS
Name Position
· Tony A El Asmar Managing
Director
· Lydia A El Asmar Director
· Norma A El Asmar Director
· Micheline Chahine Administration
Manager
· Raymond Salamé Sales
Manager
LEGAL FORM & OWNERS
Date of
Establishment : 23rd
December 2004
Legal Form : Limited Liability
Company
Commercial Reg.
No. : 2004967, Baabda
Issued Capital : LP 75,000,000
Paid up Capital : LP 75,000,000
Name of Shareholder (s)
· Tony A El Asmar
· Lydia A El Asmar
· Norma A El Asmar
OPERATIONS
Activities: Engaged in the import and distribution of general foodstuff products,
animal feeds, cleaning products,
cosmetics, stationery, timber and chemical products.
Import Countries: Italy, France, Malaysia, Japan, Sri Lanka, Canada,
Germany and Austria.
Brand Names: ALIBERT, ALPHA, COLUMBUS, DUCROS, DUFOUR, HYDRA,
ICE, LE POTAGER, MAPA,
MERYSA, SPONTEX,
TIGEX, VICO, FACEL, OLIDA, AGANI, PAGES, TANITA, THERMOS,
BELAMY, BOREAL,
CALYPSO, ANIX, DE LUCA, FESTI, HARMONIE, RONDINE, ROZENBAL,
SEITA, OLIS,
PICKING, MAGIC POP, JASOL CITERNET and BARBIER
Operating Trend: Steady
Subject has a workforce of 70 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
5,200,000,000 LP
5,580,000,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
BANKERS
·
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
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.52.10 |
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1 |
Rs.81.30 |
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Euro |
1 |
Rs.70.07 |
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.