MIRA INFORM REPORT

 

 

Report Date :           

26.11.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

KAA EL RIM SPRINGS EST

 

 

Registered Office :

Berdawni Main Road, Kaa El Rim, Zahleh

 

 

Country :

Lebanon

 

 

Date of Incorporation :

18.06.2004

 

 

Com. Reg. No.:

4000147, Zahleh

 

 

Legal Form :

General Partnership

 

 

Line of Business :

Processing and packaging of mineral water

 

 

No. of Employees :

55 Persons

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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                                     : KAA EL RIM SPRINGS EST

Also Known As                                      : BERDAWNI MINERAL WATER

Country of Origin                                    : Lebanon

Legal Form                                            : General Partnership

Registration Date                                   : 18th June 2004

Commercial Registration Number            : 4000147, Zahleh

VAT Number                                          : 576787

Partners Capital                                     : LP 10,000,000

Total Workforce                                     : 55

Activities                                               : Processing and packaging of mineral water.

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

Recommended Credit Limit                     : US$ 150,000

Person Interviewed                                 : Ghassan Wakim Saliba, Managing Partner

 

 

 

COMPANY NAMe

 

KAA EL RIM SPRINGS EST

 

 

ALSO KNOWN AS

 

BERDAWNI MINERAL WATER

 

 

company ADDRESS

 

Registered & Physical Address

Street               : Berdawni Main Road

Area                 : Kaa El Rim

Town                 : Zahleh

Country             : Lebanon

Telephone         : (961-8) 817819 / 817818

Facsimile          : (961-8) 817819

Mobile               : (961-3) 782789

Email                : info@berdawniwater.com

 

Premises

Subject operates from a medium sized suite of offices and a factory that are rented and located in the Industrial Area of Zahleh.

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

 

·       Ghassan Wakim Saliba                                                                     Managing Partner

    

·       Olivia Saliba                                                                                      Partner

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 18th June 2004

 

Legal Form                  : General Partnership

 

Commercial Reg. No.  : 4000147, Zahleh

 

VAT No.                       : 576787

 

Partners Capital           : LP 10,000,000

 

Name of Partner (s)                                         

 

·       Ghassan Wakim Saliba

 

·       Olivia Saliba

 

 

OPERATIONS

 

Activities: Engaged in the processing and packaging of mineral water.

 

                 Subject is ISO 2200 accredited.

 

Import Countries: Europe and the Far East.

 

Brand Names: AQUA FRESH and BERDAWNI

 

Subject has a workforce of 55 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

 

·       Credit Libanais Sal

PO Box: 166729

Beirut

Tel: (961-1) 200028 / 201292

Fax: (961-1) 602615

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

GENERAL COMMENTS

 

Local sources report that the subject’s operating history is clear with payment obligations met in a generally timely manner. The financial position is satisfactory and the business is deemed a fair trade risk.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.17

UK Pound

1

Rs.80.64

Euro

1

Rs.69.43

 

 

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%)

 

 

 

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.