|
Report Date : |
14.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
FAMILY MODY EST |
|
|
|
|
Registered Office : |
SABCO Building, 6th
Floor, Al Douak Street, Mina
Al Hosn, Bab Idriss, P O Box 113585, Beirut |
|
|
|
|
Country : |
Lebanon |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Year of Establishment : |
1975 |
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Legal Form : |
Sole Proprietorship |
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|
|
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Line of Business : |
Distributors of ready made garments, textiles and leather products |
|
|
|
|
No. of Employees : |
10 |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
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|
|
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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, 2012
d
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Lebanon |
C1 |
C1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Name : FAMILY MODY EST
Country of Origin : Lebanon
Legal Form : Sole Proprietorship
Registration Date : 1975
Invested Capital : LP 1,500,000
Total Workforce : 10
Activities : Distributors of ready made garments, textiles and leather products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
FAMILY MODY EST
Registered &
Physical Address
Building : SABCO Building, 6th
Floor
Street : Al Douak Street
Area : Mina Al Hosn, Bab Idriss
PO Box : 113585
Town : Beirut
Country : Lebanon
Telephone : (961-1) 379701 / 379702 /
379703
Facsimile : (961-1) 976264
Mobile : (961-3) 587676
Email : familymody@familymody.com
/ operators@tktrack.com
Please note that
the number 961-1 826648 locates Mr Marwan Jawad Jaber’s private residence.
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Beirut.
Name Position
·
Marwan Jawad Jaber Proprietor
& General Manager
·
Hassan
Fakih Accounts
Manager
·
Alissar
Yonas Sales
Manager
Date of Establishment : 1975
Legal Form :
Sole Proprietorship
Invested Capital
: LP 1,500,000
Mr Marwan Jawad
Jaber is the sole proprietor of
the business.
·
Getway Limited Manufacturing & Exporter Sarl
Al Hamra
Tel: (961-1)
306744
Fax: (961-1)
306745
CR No. 1000310
Activities: Engaged in the import and distribution of ready
made garments, textiles and leather products.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 10 employees.
Financial
highlights provided by local sources are given below:
Currency: Lebanese
Pounds (LP)
Year
Ending 31/12/10: Year
Ending 31/12/11:
Total Sales LP 3,810,000,000 LP 4,000,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Byblos
Bank
Byblos Tower Building
Elias Sarkis Avenue
Ashrafieh
PO Box: 115605
Beirut
Tel: (961-1) 335200
Fax: (961-1) 339436
No complaints
regarding subject’s payments have been reported.
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
business is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.42 |
|
UK Pound |
1 |
Rs.86.78 |
|
Euro |
1 |
Rs.68.03 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.