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Report Date : |
10.03.2012 |
IDENTIFICATION DETAILS
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Name : |
FILITEX SAL |
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Registered Office : |
Filitex Building Christ Roi Road PO Box 104 Zouk Mosbeh |
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Country : |
Lebanon |
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Year of Establishment : |
1971 |
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Com. Reg. No.: |
24766, Beirut |
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Legal Form : |
Lebanese Joint Stock Company |
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Line of Business : |
Manufacturers of cotton wear, underwear and sweatshirts. |
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No. of Employees : |
250 |
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$ 200,000 |
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Status : |
Satisfactory |
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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 – September 30, 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 |
Company Name : FILITEX SAL
Country of Origin : Lebanon
Legal Form : Lebanese Joint Stock Company
Registration Date : 1971
Commercial Registration Number : 24766, Beirut
Issued Capital : LP 30,000,000
Paid up Capital : LP 30,000,000
Total Workforce : 250
Activities : Manufacturers of cotton wear, underwear and sweatshirts.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 200,000
FILITEX SAL
Building : Filitex
Building
Street : Christ Roi
Road
PO Box : 104
Town : Zouk Mosbeh
Country : Lebanon
Telephone : (961-9) 219290
/ 219293 / 219294
Facsimile : (961-9) 219296
/ 224398
Subject operates from a large suite of offices and a factory that are
owned and located in the Central Business Area of Zouk Mosbeh.
Branch Office (s)
Location Description
· The Cotton Mall,
Filitex Building Showroom
premises
Christ Roi Road
Zouk Mosbeh
Tel: (961-9)
219290
· The Cotton Mall,
Abraj Centre Showroom
premises
Damascus
International Road
Furn El Chebbak
Tel: (961-1)
281095
Name Position
· Georges F Mohbat Managing
Director
· Nasri Ch Mohbat Director
· Patrick F Mohbat Director
· Paul Ch Mohbat Director
· Rita Mohbat
Moujaes Director
· Chucri N Mohbat Director
· Jean Michel F
Mohbat Director
· Khalil M Bridi Director
Date of
Establishment : 1971
Legal Form : Lebanese Joint
Stock Company
Commercial Reg.
No. : 24766, Beirut
Issued Capital : LP 30,000,000
Paid up Capital : LP 30,000,000
· Georges F Mohbat
· Nasri Ch Mohbat
· Patrick F Mohbat
· Paul Ch Mohbat
· Rita Mohbat
Moujaes
· Chucri N Mohbat
· Jean Michel F
Mohbat
· Khalil M Bridi
Activities: Engaged in the manufacture of cotton wear, underwear and sweatshirts.
Import Countries: Germany, India, Greece and Italy.
Brand Names: THE COTTON MALL, BYD, FNB, APOCOLYPSE and ULYSSE
Subject has a workforce of approximately 250 employees.
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.
·
Societe Generale Libano Europeene de Banque Sal
PO Box:
112955
Beirut
Tel:
(961-1) 499813 / 483001
Fax:
(961-1) 200455
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.50.02 |
|
|
1 |
Rs.79.01 |
|
Euro |
1 |
Rs.66.18 |
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.