MIRA INFORM REPORT

 

 

Report Date :           

24.01.2012

 

IDENTIFICATION DETAILS

 

Name :

AL MOUTAHED CO SAL

 

 

Registered Office :

Al Moutahed Building, Al Moutahed Street, Industrial Zone, Bkhechtay Area, P O Box 283, Aley

 

 

Country :

Lebanon

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

1960

 

 

Com. Reg. No.:

68146, Baabda

 

 

Legal Form :

Lebanese Joint Stock Company

 

 

Line of Business :

Manufacture, wholesale and retail of packaging materials and paper products

 

 

No. of Employees :

50

 

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$ 700,000

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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                                     : AL MOUTAHED CO SAL

Country of Origin                                    : Lebanon

Legal Form                                            : Lebanese Joint Stock Company

Start Date                                             : 1960

Registration Date                                   : 7th May 1969

Commercial Registration Number            : 68146, Baabda

Issued Capital                                        : LP 120,000,000

Paid up Capital                                      : LP 120,000,000

Total Workforce                                     : 50

Activities                                               : Manufacture, wholesale and retail of packaging materials and paper

                                                              products.

Financial Condition                                 : Fair

Payments                                             : Nothing detrimental uncovered

Operating Trend                                     : Steady

Recommended Credit Limit                     : US$ 700,000

 

COMPANY NAME

 

AL MOUTAHED CO SAL

 

 

company ADDRESS

 

Registered & Physical Address

Building             : Al Moutahed Building

Street               : Al Moutahed Street

Area                 : Industrial Zone, Bkhechtay Area

PO Box             : 283

Town                 : Aley

Country             : Lebanon

Telephone         : (961-5) 559859 / 559759 / 555187

Facsimile          : (961-5) 559423

Mobile               : (961-3) 625343 / 236179

Email                : moutahed@cyberia.net.lb / moutahed@moutahed.com

 

Premises

Subject operates from a medium sized suite of offices, a warehouse and a factory that are owned and located in the Industrial Area of Aley.

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

 

·         Hussain Mohamed Abdallah                                                              Managing Director

 

·         Fadi Hussain Mohamed Abdallah                                                      Director

 

·         Mamdouh Hussain Mohamed Abdallah                                              Director

 

·         Fida Hussain Mohamed Abdallah                                                      Director

 

·         Sawsan Hussain Mohamed Abdallah                                     Director

 

·         Rania Nasser                                                                                   Administration Officer

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : Subject’s operations date back to 1960, however it was registered on 7th May 1969.

 

Legal Form                  : Lebanese Joint Stock Company

 

Commercial Reg. No.  : 68146, Baabda

 

Issued Capital              : LP 120,000,000

 

Paid up Capital            : LP 120,000,000

 

Name of Shareholder (s)

·         Hussain Mohamed Abdallah

·         Fadi Hussain Mohamed Abdallah

·         Mamdouh Hussain Mohamed Abdallah

·         Fida Hussain Mohamed Abdallah

·         Sawsan Hussain Mohamed Abdallah

 

 

OPERATIONS

 

Activities: Subject is engaged in the manufacture, wholesale and retail of packaging materials and paper products, including nylon, paper bags and wrapping paper for use in the food industry.

 

The company also offers flexogravure printing and rotogravure printing services.

 

Import Countries: Italy, France, United Kingdom and the Far East.

 

International Suppliers:

 

·       Durham        United Kingdom

 

Export Countries: Romania, Bulgaria, Ivory Coast, Nigeria, Ghana, Moldova, Egypt, Syria, Yemen, Jordan, Saudi Arabia, Sudan, and the United States of America.

 

Operating Trend: Steady

 

Subject has a workforce of 50 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 5,450,000,000                       LP 5,800,000,000

 

Local sources consider subject’s financial condition to be Fair.

 

The above financial figures are based on estimations by our local sources.

 

BANKERS

 

·       Byblos Bank

     Byblos Bank Building

     El Chahar El Gharbi

     Aley

     Tel: (961-5) 410880

     Fax: (961-5) 410884

 

·       Bank of Beirut Sal

Clemanceau Street

PO Box: 117354

Beirut

Tel: (961-1) 360850 / 350723

Fax: (961-1) 360850

Acc No. 0001100026004

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

Date of transaction                              February 2001

Credit amount                                        312,000

Amount overdue                         0

Payment terms                                      90 days

Payment Method                                   Letters of Credit

Paying record                                        No Complaints

Currency                                               US Dollars

 

 

GENERAL COMMENTS

 

Al Moutahed Co Sal was founded in Beirut in 1960 and relocated to Aley in 1978. It is engaged in the manufacture, wholesale and retail of packaging materials and paper products. The business has made good progress both in the local business market and on an international scale where it enjoys a good reputation for the quality of its products.

 

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.50.24

UK Pound

1

Rs.78.13

Euro

1

Rs.64.79

 

 

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.