MIRA INFORM REPORT
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Report Date : |
08.10.2011 |
IDENTIFICATION DETAILS
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Name : |
THERMOPLAST CO SARL |
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Registered Office : |
Elias Samrani
Building, Ground Floor, Biakout Street, Akabet Area, P O Box 113885, Beirut |
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Country : |
Lebanon |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1994 |
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Com. Reg. No.: |
51573, Baabda |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of paper and plastic products |
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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Lebanon
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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 : THERMOPLAST CO SARL
Country of Origin : Lebanon
Legal Form : Limited Liability Company
Registration Date : 1994
Commercial Registration Number : 51573, Baabda
Issued Capital : LP 600,000
Paid up Capital : LP 600,000
Total Workforce : 30
Activities : Manufacture of paper and plastic products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
THERMOPLAST CO SARL
company ADDRESS
Registered &
Physical Address
Building : Elias Samrani Building, Ground
Floor
Street : Biakout Street
Area : Akabet Area
PO Box : 113885
Town : Beirut
Country : Lebanon
Telephone : (961-1) 893747 / 875356
Facsimile : (961-1) 877095 / 893747
Premises
Subject operates
from a medium sized suite of offices that are owned located in the Central
Business Area of Beirut.
Branch Office (s)
Location Description
·
Shahe
Haladjian Building Factory
premises
Camille Chamoun Street
Dekouaneh
Tel: (961-1) 682425
KEY PRINCIPALS
Name Position
·
Shahe G
Haladjian Managing
Director
LEGAL FORM & OWNERS
Date of Establishment : 1994
Legal Form :
Limited Liability Company
Commercial Reg. No. : 51573, Baabda
Issued Capital : LP 600,000
Paid up Capital : LP 600,000
Name of
Shareholder (s)
·
Shahe G
Haladjian
·
Members
of Mr Shahe G Haladjian’s family
OPERATIONS
Activities: Engaged in the manufacture of paper
packaging, bags and sacks, plastic laminated sheets casks, drums, cans, boxes and containers.
Import
Countries: Belgium and
Saudi Arabia
Export
Countries: Africa and GCC
countries
Brand Names: THERMOPACK, THERMOBAG, THERMOTRASH and
THERMOPLAST ROLLS
Operating Trend: Steady
Subject has a
workforce of 30 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 4,125,000,000 LP 4,460,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Banque
Audi Sal
Ashrafieh Branch
PO Box: 112560
Tel: (961-1) 200250 / 200251
Fax: (961-1) 200955
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 company
is deemed a fair trade risk.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.49.14 |
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UK Pound |
1 |
Rs.75.97 |
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Euro |
1 |
Rs.65.99 |
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.