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Report Date : |
23.11.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
EL DOUAIHY GROUP SARL FOR TRADE, INDUSTRY,
AGRICULTURE CONTRACTING AND SERVICES |
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Registered Office : |
Patriarch |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
26.04.2008 |
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Com. Reg. No.: |
3003021, Zgharta |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of chemicals, agro chemicals, pesticides and
raw materials |
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No. of Employees : |
12 employees |
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 (31.03.2012) |
Current Rating (30.06.2012) |
|
Lebanon |
C1 |
C1 |
|
Risk Category |
ECGC
Classification |
|
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 |
lebNON - 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 : EL DOUAIHY GROUP SARL FOR TRADE, INDUSTRY,
AGRICULTURE CONTRACTING AND SERVICES
Country of Origin : Lebanon
Legal Form : Limited Liability Company
Registration Date : 26th April 2008
Commercial Registration Number : 3003021, Zgharta
Issued Capital : LP 30,000,000
Paid up Capital : LP 30,000,000
Total Workforce : 12
Activities : Distributors of chemicals, agro chemicals, pesticides and raw materials
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
EL DOUAIHY GROUP
SARL FOR TRADE, INDUSTRY, AGRICULTURE CONTRACTING AND SERVICES
Registered &
Physical Address
Location : Patriarch Douaihy Street
PO Box : 3
Town : Zgharta
Country : Lebanon
Telephone : (961-6) 662762
Facsimile : (961-6) 662763
Email : info@eldouaihygroup.com
Premises
Subject operates
from a small suite of offices that are owned and located in the Central
Business Area of Zgharta.
Name Position
·
Bedawi
El Douaihy Managing
Director
·
Jameela
El Douaihy Director
·
Rita El Douaihy Director
·
Bedwina
El Douaihy Director
Date of Establishment : 26th
April 2008
Legal Form :
Limited Liability Company
Commercial Reg. No. : 3003021,
Zgharta
Issued Capital : LP 30,000,000
Paid up Capital : LP 30,000,000
Name of Shareholder
(s)
·
Bedawi
El Douaihy
·
Jameela
El Douaihy
·
Rita El Douaihy
·
Bedwina
El Douaihy
·
Lebanese
Trading and Contracting Est
PO Box: 3
Zgharta
Activities: Engaged in the import and distribution of
chemicals, agro chemicals, pesticides and raw materials.
Import
Countries: Saudi Arabia,
Agencies Held:
·
National
Fertlizer Co (NAFCO) Saudi
Arabia
·
Saudi
Industrial Detergents Co (SIDCO) Saudi
Arabia
·
Shamsan
Industrial Co Saudi
Arabia
Operating Trend: Steady
Subject has a
workforce of 12 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 3,900,000,000 LP 4,200,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Standard
Chartered Bank Sal
Hoss Building
Hamra Street
PO Box: 118940 & 70216
Beirut
Tel: (961-4) 514824 / 514826 / 415040
Fax: (961-4) 406861
No complaints
regarding subject’s payments have been reported.
According to local
sources, subject meets its payment obligations in a timely manner and the
company is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.16 |
|
UK Pound |
1 |
Rs.88.03 |
|
Euro |
1 |
Rs.70.86 |
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 |
|
<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.