MIRA INFORM REPORT

 

 

Report Date :

26.09.2011

 

IDENTIFICATION DETAILS

 

Name :

RIMALDI SAL OFFSHORE

 

 

Registered Office :

Rimal Building (El Tawaniya Building), 1st Floor Edison Street Ramel El Bayda

PO Box 136626 Beirut

 

 

Country :

Lebanon

 

 

Date of Incorporation :

19.04.2002

 

 

Com. Reg. No.:

1368, Beirut

 

 

Legal Form :

Lebanese Offshore Joint Stock Company

 

 

Line of Business :

Distributors of general merchandise.

 

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$ 100,000

 

 

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                                     : RIMALDI SAL OFFSHORE

Country of Origin                                    : Lebanon

Legal Form                                            : Lebanese Offshore Joint Stock Company

Registration Date                                   : 19th April 2002

Commercial Registration Number                        : 1368, Beirut

Issued Capital                                        : US$ 20,000,000

Paid up Capital                                      : US$ 20,000,000

Total Workforce                                     : 4

Activities                                               : Distributors of general merchandise.

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

Recommended Credit Limit                     : US$ 100,000

Person Interviewed                                 : Ali Jalloul, Administration Manager

 

 

 

COMPANY NAME

 

RIMALDI SAL OFFSHORE

 

 

ADDRESS

 

Registered & Physical Address

 

Building             : Rimal Building (El Tawaniya Building), 1st Floor

Street               : Edison Street

Area                 : Ramel El Bayda

 

PO Box             : 136626

 

Town                 : Beirut

Country             : Lebanon

 

Telephone         : (961-1) 807846

Facsimile          : (961-1) 807846

Mobile               : (961-3) 416444

Email                : assia_plast@hotmail.com / rimaldi.sal@gmail.com

 

Premises

 

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

 

 

KEY PRINCIPALS

 

     Name                                                                                               Position

 

·       Heitham Abdullah Safied Eddine                                                         Managing Director

 

·       Hani Abdullah Safied Eddine                                                              Director

 

·       Ali Abdullah Safied Eddine                                                                 Director

 

·       Ali Jalloul                                                                                          Administration Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 19th April 2002

 

Legal Form                  : Lebanese Offshore Joint Stock Company

 

Commercial Reg. No.  : 1368, Beirut

 

Issued Capital              : US$ 20,000,000

 

Paid up Capital            : US$ 20,000,000

 

Name of Shareholder (s)

 

·       Heitham Abdullah Safied Eddine

 

·       Hani Abdullah Safied Eddine

 

·       Ali Abdullah Safied Eddine

 

 

OPERATIONS

 

Activities: Subject is an offshore trading company, registered to distribute general merchandise.

 

Subject has a workforce of 4 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

 

·       Beirut Riyad Bank Sal

Main Branch

PO Box: 114668

Beirut

Tel: (961-1) 645702 / 867360

Fax: (961-1) 867426

 

 

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.49.67

UK Pound

1

Rs.76.50

Euro

1

Rs.66.98

 

 

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.