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Report Date : |
19.05.2012 |
IDENTIFICATION DETAILS
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Name : |
BED & BED SARL |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Year of Establishment : |
1999 |
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Com. Reg. No.: |
64957, Baabda |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Producers of mattresses, pillows and cushions |
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No. of Employees : |
30 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Lebanon |
C1 |
C1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Name : BED & BED SARL
Country of Origin : Lebanon
Legal Form : Limited Liability Company
Registration Date : 1999
Commercial Registration Number : 64957, Baabda
Issued Capital : LP 5,000,000
Paid up Capital : LP 5,000,000
Total Workforce : 30
Activities : Producers of mattresses, pillows and cushions.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
BED & BED SARL
Registered & Physical
Address
Building : Yerevanian Building
Street : Yerevanian Street
Area : Sad Area Industrial Zone
PO Box : 90139
Town : Beirut 1202-2050
Country : Lebanon
Telephone : (961-1) 510632 / 500418 /
497176
Facsimile : (961-1) 500410
Email : info@bed-bed.com / bed&bed@dm.net.lb
Premises
Subject operates
from a medium sized suite of offices and a workshop that are rented and located
in the Industrial Area of Beirut.
Name Position
·
Vahan H Kassardjian Managing
Director
·
Tamar Atamian-Kassardjian Director
·
Vana V Kassardjian Director
·
Arti V Kassardjian Director
·
Gassia V Kassardjian Director
Date of Establishment : 1999
Legal Form :
Limited Liability Company
Commercial Reg. No. : 64957, Baabda
Issued Capital : LP 5,000,000
Paid up Capital : LP 5,000,000
Name of
Shareholder (s)
·
Vahan H Kassardjian
·
Tamar Atamian-Kassardjian
·
Vana V Kassardjian
·
Arti V Kassardjian
·
Gassia V Kassardjian
·
H Kassardjian Sarl
Beirut
Tel: (961-1) 500418
Fax:
(961-1) 500410
Activities: Engaged in the production of mattresses,
pillows and cushions.
Import Countries: Cyprus, United Kingdom, Germany, Italy,
and Greece
International
Suppliers:
·
Gevorest Mattress Ltd Cyprus
Brand Names: BED & BED,
GEVOREST and SLUMBERLAND
Operating Trend: Steady
Subject has a
workforce of 30 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 5,800,000,000 LP 6,000,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Banque
Audi Sal
Ashrafieh Branch
PO Box: 112560
Beirut
Tel: (961-1) 200250 / 200251
Fax: (961-1) 200955
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 and the above credit figure is
within subject’s financial means.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.88 |
|
UK Pound |
1 |
Rs.86.46 |
|
Euro |
1 |
Rs.69.49 |
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 |
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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 |
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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 |
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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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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.