MIRA INFORM REPORT
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Report Date : |
31.10.2011 |
IDENTIFICATION DETAILS
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Name : |
INTERNATIONAL CO FOR MEAT AND FOOD TRADE SARL
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Registered Office : |
Natour Building,
Tarik El Jedide Sabra Street, Dana Station, Beirut |
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Country : |
Lebanon |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
25.04.2006 |
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Com. Reg. No.: |
1005748, Beirut |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of general foodstuff and meat and poultry 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$ 100,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 : INTERNATIONAL CO FOR MEAT AND FOOD TRADE SARL
Country of Origin : Lebanon
Legal Form : Limited Liability Company
Registration Date : 25th April 2006
Commercial Registration Number : 1005748, Beirut
Issued Capital : LP 5,000,000
Paid up Capital : LP 5,000,000
Total Workforce : 6
Activities : Distributors of general foodstuff and meat and poultry products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 100,000
Person Interviewed : Sameh Mostafa Al Natour, Managing Director
COMPANY NAME
INTERNATIONAL CO FOR MEAT AND FOOD TRADE
SARL
company ADDRESS
Registered &
Physical Address
Building : Natour Building
Street : Tarik El Jedide Sabra Street
Area : Dana Station
Town : Beirut
Country : Lebanon
Telephone : (961-1) 858664 / 858667 / 858109
Facsimile : (961-1) 858664
Mobile : (961-3) 522344
Email : alnatourco@yahoo.com
Premises
Subject operates
from a small suite of offices and a warehouse that are owned and located in the
Suburban Business Area of Beirut.
KEY PRINCIPALS
Name Position
·
Sameh
Mostafa Al Natour Managing
Director
·
Jihad
Sameh Mostafa Al Natour Director
·
Abdullah
Sameh Mostafa Al Natour Director
·
Omar
Sameh Mostafa Al Natour Director
·
Mohamed Sameh Mostafa
Al Natour Director
·
Feras
Al Natour Commercial
Manager
LEGAL FORM & OWNERS
Date of Establishment : 25th
April 2006
Legal Form :
Limited Liability Company
Commercial Reg. No. : 1005748,
Beirut
Issued Capital : LP 5,000,000
Paid up Capital : LP 5,000,000
Name of
Shareholder (s)
·
Sameh
Mostafa Al Natour
·
Jihad
Sameh Mostafa Al Natour
·
Abdullah
Sameh Mostafa Al Natour
·
Omar
Sameh Mostafa Al Natour
·
Mohamed
Sameh Mostafa Al Natour
OPERATIONS
Activities: Engaged in the import and distribution of
general foodstuff and fresh and frozen meat and poultry products.
Import
Countries: India, France,
Brazil and Turkey
International Suppliers:
·
Al
Nafees Meat India
·
Matiboy Brazil
·
Freeboy Brazil
Operating Trend: Steady
Subject has a
workforce of 6 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 3,500,000,000 LP 3,720,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Blom
Bank Sal
Al Daber Building
Abdel Aziz Street
PO Box: 111912
Beirut
Tel: (961-1) 346290 / 863830 / 371898
Fax: (961-1) 364133
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 |
|
US Dollar |
1 |
Rs.48.82 |
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UK Pound |
1 |
Rs.78.57 |
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Euro |
1 |
Rs.69.29 |
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.