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Report Date : |
21.05.2012 |
IDENTIFICATION DETAILS
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Name : |
SLEEP HIGH SARL |
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Registered Office : |
Bir El Abed Haret Hreyk |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
30.11.1993 |
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Com. Reg. No.: |
50141, Baabda |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Production and distribution of mattresses, cushions and pillows. |
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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 : SLEEP HIGH SARL
Country of Origin : Lebanon
Legal Form : Limited Liability Company
Registration Date : 30th November 1993
Commercial Registration Number : 50141, Baabda
Issued Capital : LP 8,000,000
Paid up Capital : LP 8,000,000
Total Workforce : 30
Activities : Production and distribution of mattresses, cushions and pillows.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
SLEEP HIGH SARL
Location : Bir El Abed
Haret Hreyk
PO Box : 40181
Town : Beirut
Country : Lebanon
Telephone : (961-1) 552823
Facsimile : (961-1) 552823
Mobile : (961-3)
620887 / 620923 / 620924
Subject operates from a medium sized suite of offices that are rented
and located in the Suburban Business Area of Beirut.
Please note that subject’s previous address was, Seblani Building,
Komatieh, Beirut.
Branch Office (s)
Location Description
· Factory Sleep High
Building Factory
premises
Oumara Area
Industrial Zone
Choueifate
Tel: (961-5)
437324 / 437325 / 437326
Name Position
· Mohamed F A El
Seblani Managing
Director
· Hani Mohamed A El
Seblani Director
· Abdalla Mohamed A
El Seblani Director
· Mahmoud Y Hawali Director
Date of
Establishment : 30th
November 1993
Legal Form : Limited Liability
Company
Commercial Reg.
No. : 50141, Baabda
Issued Capital : LP 8,000,000
Paid up Capital : LP 8,000,000
· Mohamed F A El
Seblani
· Hani Mohamed A El
Seblani
· Abdalla Mohamed A
El Seblani
· Mahmoud Y Hawali
Activities: Engaged in the production, import and distribution of mattresses,
cushions and pillows.
Import Countries: Spain, Italy, Belgium, Turkey and Tunisia.
Export Countries: Africa and the Middle East.
Brand Names: SLEEP HIGH
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
6,050,000,000 LP
6,170,000,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
·
Bank of Beirut and the Arab Countries Sal
PO Box: 111536
Beirut
Tel: (961-1)
867142 / 869835
Fax: (961-1)
869836
·
Fransabank Sal
PO Box: 110393
Beirut
Tel: (961-1)
340180 / 354573
Fax: (961-1)
354572
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
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Indian Rupees |
|
US Dollar |
1 |
Rs.54.87 |
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|
1 |
Rs.86.46 |
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Euro |
1 |
Rs.69.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>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 |
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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.