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Report Date : |
07.11.2012 |
IDENTIFICATION DETAILS
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Name : |
NOISETTE INTERNATIONAL |
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Registered Office : |
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Country : |
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Year of Establishment : |
1996 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of nuts and related products |
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No. of Employees : |
5 |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
LEBANON - ECONOMIC OVERVIEW
Lebanon has a free-market
economy and a strong laissez-faire commercial tradition. The government does
not restrict foreign investment; however, the investment climate suffers from red
tape, corruption, arbitrary licensing decisions, complex customs procedures,
high taxes, tariffs, and fees, archaic legislation, and weak intellectual
property rights. The Lebanese economy is service-oriented; main growth sectors
include banking and tourism. The 1975-90 civil war seriously damaged Lebanon's
economic infrastructure, cut national output by half, and derailed Lebanon's
position as a Middle Eastern entrepot and banking hub. Following the civil war
Lebanon rebuilt much of its war-torn physical and financial infrastructure by
borrowing heavily - mostly from domestic banks - saddling the government with a
huge debt burden. Pledges of economic and financial reforms made at separate
international donor conferences during the 2000s have mostly gone unfulfilled,
including those made during the Paris III Donor Conference in 2007 following
the July 2006 war. The collapse of the government in early 2011 over its
backing of the Special Tribunal for Lebanon and unrest in neighboring Syria
slowed economic growth to 1.5% after four years of 8% average growth. In
September 2011 the Cabinet endorsed a bill that would provide $1.2 billion in
funding to improve Lebanon's downtrodden electricity sector, but fiscal
limitations will test the government's ability to invest in other areas, such
as water.
Source : CIA
Company Name : NOISETTE INTERNATIONAL
Country of Origin : Lebanon
Legal Form : Limited Liability Company
Registration Date : 1996
Issued Capital : LP 5,000,000
Paid up Capital : LP 5,000,000
Total Workforce : 5
Activities : Distributors of nuts and related products
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Person Interviewed : Rana Sarwan, Administration Secretary
NOISETTE INTERNATIONAL
Building : Rifai
Building, 1st Floor
Street : 675 Saeb
Salam Avenue
Area : Corniche El
Mazraa
Town : Beirut
Country : Lebanon
Telephone : (961-1) 705105
Facsimile : (961-1) 319555 / 308311
Email : help@alrifai.com
Subject operates from a small suite of offices that are owned and
located in the Central Business Area of Beirut.
Name Position
· Moosa Mohamed Al Rifai Managing
Director
· Mohamed Moosa Mohamed Al Rifai Director
· Zeina Adioula Assistant
General Manager
· Rana Sarwan Administration
Secretary
Date of
Establishment : 1996
Legal Form : Limited Liability
Company
Issued Capital : LP 5,000,000
Paid up Capital : LP 5,000,000
· Moosa Mohamed Al Rifai
· Mohamed Moosa Mohamed Al Rifai
· Al Rifai Roastery
Beirut
Tel: (961-1) 705105
Fax: (961-1) 319555 / 308311
CR No. 58622
Activities: Engaged in the import and distribution of nuts and related products.
Import Countries: Europe and the Far East.
Subject has a workforce of 5 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.
·
Byblos Bank Sal
PO Box: 115605
Beirut
Tel: (961-1)
898200
Fax: (961-1)
898209
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.59 |
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|
1 |
Rs.87.31 |
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Euro |
1 |
Rs.69.86 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
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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.