|
Report Date : |
21.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
AYOUB INDUSTRIES & COMMERCE SAL |
|
|
|
|
Registered Office : |
Chafic Ayoub Building Street No. 44, Sector No. 1 Bourj Hammoud, Riad
El Solh PO Box 119693 Beirut |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
11.02.1980 |
|
|
|
|
Com. Reg. No.: |
41562, |
|
|
|
|
Legal Form : |
Lebanese Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturers of mattresses, cushions, pillows and plastic bags |
|
|
|
|
No. of Employees : |
80 |
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 |
|
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 – 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 |
Company Name : AYOUB INDUSTRIES & COMMERCE SAL
Country of Origin : Lebanon
Legal Form : Lebanese Joint Stock Company
Registration Date : 11th February 1980
Commercial Registration Number : 41562, Beirut
Issued Capital : LP 800,000,000
Paid up Capital : LP 800,000,000
Total Workforce : 80
Activities : Manufacturers of mattresses, cushions, pillows and plastic bags
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
AYOUB INDUSTRIES & COMMERCE SAL
Building : Chafic Ayoub
Building
Street : Street No.
44, Sector No. 1
Area : Bourj
Hammoud, Riad El Solh
PO Box : 119693
Town : Beirut
Country : Lebanon
Telephone : (961-1) 259900
/ 259901 / 259902
Facsimile : (961-1) 259909
Email : ayoub.ic@primaflex.com.lb
Subject operates from a medium sized suite of offices and a factory that
are owned and located in the Industrial Area of Beirut.
Name Position
· Marco Chafic Ayoub Managing
Director
· Fadi Chafic Ayoub Director
· Carlo Chafic Ayoub Director
· Carla Ayoub Director
· Antonio Vincenti General
Manager
Date of
Establishment : 11th
February 1980
Legal Form : Lebanese Joint
Stock Company
Commercial Reg.
No. : 41562, Beirut
Issued Capital : LP 800,000,000
Paid up Capital : LP 800,000,000
· Marco Chafic Ayoub
· Fadi Chafic Ayoub
· Carlo Chafic Ayoub
Activities: Engaged in the manufacture of mattresses, cushions, pillows and plastic
bags.
Production
Capacity: 200 mattresses per day
3,600 tons of plastic bags per year
Import Countries: Turkey
Brand Names: PRIMAFLEX, TAKHZEEN PRIVATE STORAGE.
Operating Trend: Steady
Subject has a workforce of 80 employees.
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
9,870,000,000 LP
10,120,000,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
·
Banque Nationale de Paris Intercontinentale
PO Box: 111608
Beirut
Tel: (961-1)
200600 / 333717 / 216140
Fax:
(961-1) 200604
·
HSBC Bank Middle East
PO Box: 111380
Beirut
Tel: (961-1)
425296
Fax: (961-1)
425295
No complaints regarding subject’s payments have been reported.
Local sources report that payment obligations are met in a generally
timely manner and the operating history is clear. As such the company is deemed
a fair trade risk and the above credit figure is considered to be within
subject’s financial means.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.87 |
|
|
1 |
Rs.86.46 |
|
Euro |
1 |
Rs.69.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.