MIRA INFORM REPORT

 

 

Report Date :           

08.10.2011

 

IDENTIFICATION DETAILS

 

Name :

CIMENT DE SIBLINE SAL

 

 

Registered Office :

Commerce & Finance Building, 3rd Floor, 31 Army Street, Kantari Sector, P O Box 145084, Beirut

 

 

Country :

Lebanon

 

 

Year of Establishment :

1974

 

 

Com. Reg. No.:

33301, Beirut

 

 

Legal Form :

Lebanese Joint Stock Company

 

 

Line of Business :

Manufacturers of cement and clinker

 

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$ 450,000

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

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                         : CIMENT DE SIBLINE SAL

Country of Origin                                    : Lebanon

Legal Form                                            : Lebanese Joint Stock Company

Registration Date                                   : 1974

Commercial Registration Number            : 33301, Beirut

Issued Capital                                        : LP 120,225,750,000

Paid up Capital                                      : LP 120,225,750,000

Total Workforce                                     : 350

Activities                                               : Manufacturers of cement and clinker.

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

Recommended Credit Limit                     : US$ 450,000

 

 

 

 

COMPANY NAME

 

CIMENT DE SIBLINE SAL

 

 

company ADDRESS

 

Registered & Physical Address

 

Building             : Commerce & Finance Building, 3rd Floor

Street               : 31 Army Street

Area                 : Kantari Sector

PO Box             : 145084

Town                 : Beirut

Country             : Lebanon

Telephone         : (961-1) 365690 / 365691

Facsimile          : (961-1) 365692

Mobile               : (961-3) 230028

Email                : cds@cimentdesibline.com.lb

 

Premises

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

 

Branch Office (s)

 

     Location                                                                                          Description

 

·       Sibline Main Road                                                                             Factory premises

Chouf

Tel: (961-7) 970097 / 970116

Fax: (961-7) 970102 / 970106

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

 

·       Walid K Joumblat                                                                              President & Chairman

 

·       Chadia El Meouchi                                                                            Director

 

·       Carlos Eduardo Coelho Alves                                                 Director

 

·       Francisco De Melo E Castro Guedes                                                  Director

 

·       Touma Arida                                                                                     Director

 

·       Nicolas Nahas                                                                                  Director

 

·       António José Rosado Balastreiro                                                        Director

 

·       Júlio Casimiro Abelho                                                                        Director

 

·       Talaat N El Lahham                                                                           Chief Executive Officer

 

·       Agostinho Henriques                                                                         Financial Controller

 

·       Marwan Taleb                                                                                   Finance Manager

 

·       Adib Al Khatib                                                                                   IT Manager

 

·       Ana Paula Costa                                                                               Production Manager

 

·       Wadih Malha                                                                                    Sales Manager

 

·       Haitham Shaarawi                                                                             Human Resources Manager

 

·       Fouad Jaafar                                                                         Research & Development Manager

 

·       Hassan Yakzan                                                                                Purchasing Manager

 

·       Hussein Rachidi                                                                                Technical Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 1974

 

Legal Form                  : Lebanese Joint Stock Company

 

Commercial Reg. No.  : 33301, Beirut

 

Issued Capital              : LP 120,225,750,000

 

Paid up Capital            : LP 120,225,750,000

 

Name of Shareholder (s)                                                      Percentage

 

·       SECIL Companhia Geral De E Cimento SA                             50.5%

Lisbon

Portugal

 

·       Group Mediterranee                                                               20.0%

 

·       Walid K Joumblat                                                                  20.0%

 

·       Free Float                                                                               9.5%

 

 

OPERATIONS

 

Activities: Engaged in the manufacture of cement and clinker.

 

Production Capacity: 1,250,000 tonnes of cement per year

                                   1,050,000 tonnes of clinker per year

 

Import Countries: Germany and Cyprus

 

Export Countries: Iraq, Sudan and Africa

 

Brand Names: CIMENT DE SIBLINE

 

Subject has a workforce of approximately 350 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

 

·       Banque de la Mediterranee SAL

Al Nahar Building

Banque du Liban Street

Hamra

Beirut

Tel: (961-1) 353146

 

 

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.49.14

UK Pound

1

Rs.75.97

Euro

1

Rs.65.99

 

 

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.