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Report Date : |
21.12.2012 |
IDENTIFICATION DETAILS
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Name : |
LE GRAIN SARL |
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|
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Registered Office : |
Le Grain
Building, Kornet El Hamra, El Metn |
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Country : |
Lebanon |
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Financials (as on) : |
31.12.2011 |
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Year of Establishment : |
1995 |
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Com. Reg. No.: |
2011700, Beirut |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of cereal products |
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No. of Employees : |
12 employees |
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 |
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|
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Lebanon |
C1 |
C1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
lebANON - ECONOMIC OVERVIEW
Lebanon has a free-market economy and a strong laissez-faire commercial
tradition. The government does not restrict foreign investment; however, the investment
climate suffers from red tape, corruption, arbitrary licensing decisions,
complex customs procedures, high taxes, tariffs, and fees, archaic legislation,
and weak intellectual property rights. The Lebanese economy is
service-oriented; main growth sectors include banking and tourism. The 1975-90
civil war seriously damaged Lebanon's economic infrastructure, cut national
output by half, and derailed Lebanon's position as a Middle Eastern entrepot
and banking hub. Following the civil war Lebanon rebuilt much of its war-torn
physical and financial infrastructure by borrowing heavily - mostly from
domestic banks - saddling the government with a huge debt burden. Pledges of
economic and financial reforms made at separate international donor conferences
during the 2000s have mostly gone unfulfilled, including those made during the
Paris III Donor Conference in 2007 following the July 2006 war. The collapse of
the government in early 2011 over its backing of the Special Tribunal for
Lebanon and unrest in neighboring Syria slowed economic growth to 1.5% after
four years of 8% average growth. In September 2011 the Cabinet endorsed a bill
that would provide $1.2 billion in funding to improve Lebanon's downtrodden
electricity sector, but fiscal limitations will test the government's ability
to invest in other areas, such as water.
|
Source : CIA |
Company Name : LE GRAIN SARL
Country of Origin : Lebanon
Legal Form : Limited Liability Company
Registration Date : 1995
Commercial Registration Number : 2011700, Beirut
VAT Number : 1631766
Issued Capital : LP 30,000,000
Paid up Capital : LP 30,000,000
Total Workforce : 12
Activities : Distributors of cereal products
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
LE GRAIN SARL
Registered &
Physical Address
Building : Le Grain Building
Area : Kornet El Hamra
Town : El Metn
Country : Lebanon
Telephone : (961-4) 928053
Facsimile : (961-4) 911053
Email : info@legrain.com / legraines@legrainescereales.com
Premises
Subject operates
from a small suite of offices and a warehouse that are owned and located in the
Central Business Area of El Metn.
Name Position
·
Pierre
Aoun Managing
Director
·
George
Eid Director
·
Roba
Naboot Sales
Manager
Date of Establishment : 1995
Legal Form :
Limited Liability Company
Commercial Reg. No. : 2011700,
Beirut
VAT No. : 1631766
Issued Capital : LP 30,000,000
Paid up Capital : LP 30,000,000
Name of
Shareholder (s)
·
Pierre
Aoun
·
George
Eid
·
Aoun
Food Sarl
Beirut
Activities: Engaged in the import and distribution of
cereal products.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 12 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 4,115,000,000 LP 4,380,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Societe
Generale de Banque au Liban
Ain El Sekke Street
Beirut
Tel: (961-1) 451137
Fax: (961-1) 451139
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
company is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.84 |
|
UK Pound |
1 |
Rs.89.11 |
|
Euro |
1 |
Rs.72.47 |
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.