MIRA INFORM REPORT

 

 

Report Date :

04.07.2012

 

IDENTIFICATION DETAILS

 

Name :

MEDITERRANEAN FERTILIZERS COMPANY SAL (OFFSHORE)

 

 

Registered Office :

Centre Nakhla, 2nd Floor, Furn El Chebak, Elru Eturaish, Beirut

 

 

Country :

Lebanon

 

 

Date of Incorporation :

31.05.2012

 

 

Com. Reg. No.:

1806063, Beirut

 

 

Legal Form :

Lebanese Offshore Joint Stock Company

 

 

Line of Business :

Offshore traders of chemicals and fertilizers

 

 

No. of Employees :

03

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New Company

Payment Behaviour :

Unknown

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

 

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

 

SUMMARY

 

Company Name                         : MEDITERRANEAN FERTILIZERS COMPANY SAL (OFFSHORE)

Country of Origin                                    : Lebanon

Legal Form                                            : Lebanese Offshore Joint Stock Company

Registration Date                                   : 31st May 2012

Commercial Registration Number            : 1806063, Beirut

Issued Capital                                        : US$ 20,000

Paid up Capital                                      : US$ 20,000

Total Workforce                                     : 3

Activities                                               : Offshore traders of chemicals and fertilizers

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

 

 

 

cOMPANY NAME

 

MEDITERRANEAN FERTILIZERS COMPANY SAL (OFFSHORE)

 

 

company ADDRESS

 

Registered & Physical Address

Location            : Centre Nakhla, 2nd Floor

Area                 : Furn El Chebak, Elru Eturaish

Town                 : Beirut

Country             : Lebanon

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

·       Amer Abdulrahim Dandan                                                                  Managing Director

·       Carla Halim Al Azzar                                                                         Director

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 31st May 2012

 

Legal Form                  : Lebanese Offshore Joint Stock Company

 

Commercial Reg. No.  : 1806063, Beirut

 

Issued Capital              : US$ 20,000

 

Paid up Capital            : US$ 20,000

 

Name of Shareholder (s)                                                    Percentage

 

·       Amer Abdulrahim Dandan                                                      74%

 

·       Moving Fert Egypt For Import and Export                                 25%

Egypt

 

·       Carla Halim Al Azzar                                                               1%

 

 

OPERATIONS

 

Activities: Engaged as offshore traders of chemicals and fertilizers.

 

Import Countries: Europe and the Far East.

 

Subject has a workforce of 3 employees.

 

 

FINANCIAL DATA

 

Subject is a newly formed business and as a result financial information is not currently available.

 

 

BANKERS

 

·       Fransabank Sal

PO Box: 110393

Beirut

Tel: (961-1) 340180 / 354573

Fax: (961-1) 354572

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

In view of subject’s infancy, extensive payment and financial are not available, therefore dealings are recommended to be on secured terms, and a close monitoring of subject’s business development is advisable.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.81

UK Pound

1

Rs.86.04

Euro

1

Rs.69.62

 

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%)

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.