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Report Date : |
04.02.2013 |
IDENTIFICATION DETAILS
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Name : |
NATIONAL BEVERAGE COMPANY SAL |
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Registered Office : |
Coca Cola Plant Building, Oumara Street, PO Box 30046, Choueifate |
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Country : |
Lebanon |
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Date of Incorporation : |
1982 |
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Com. Reg. No.: |
61641 |
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Legal Form : |
Lebanese Joint Stock Company |
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Line of Business : |
Bottling and export of carbonated soft drinks
and mineral water. |
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No. of Employees : |
350 |
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 |
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 :
NATIONAL BEVERAGE COMPANY SAL
Country of Origin :
Lebanon
Legal Form :
Lebanese Joint Stock Company
Registration Date :
1982
Commercial Registration Number :
61641, Baabda
Issued Capital :
LP 18,000,000,000
Paid up Capital :
LP 18,000,000,000
Total Workforce : 350
Activities :
Bottling and export of carbonated soft drinks
and mineral water.
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
NATIONAL BEVERAGE COMPANY SAL
Registered &
Physical Address
Building : Coca Cola
Plant Building
Street : Oumara
Street
PO Box : 30046
Town : Choueifate
Country : Lebanon
Telephone : (961-5) 438000
Facsimile : (961-5) 438011
/ 438022 / 517650
Mobile : (961-3) 415933
Premises
Subject operates from a large suite of offices and a bottling plant that
are rented and located in the Suburban Business Area of Choueifate.
Branch Office (s)
Location Description
Haret Jandel Plant Owned
bottling plant
Tel: (961-5) 311112 / 310439
Fax: (961-5) 311112
Hajj Radwan Ghandour Street Owned
bottling plant
Bohsas
Tel: (961-6) 410718 / 410337 / 410760
Fax: (961-6) 410337 / 410718 / 410760
Taanayel Warehouse
premises
Zahleh
Kalamoun Warehouse
premises
Tripoli
Name Position
Sami Salman Managing
Director
Fouad N Es Said Director
Fadi Saadeddine Operations
Manager
Kamil Shamma Sales
Manager
Ali Husseini Finance
Manager
Mazen Hallab Plants
Manager
Elias Barakat Export
Manager
Date of Establishment : 1982
Legal Form : Lebanese Joint
Stock Company
Commercial Reg. No. : 61641, Baabda
Issued Capital : LP 18,000,000,000
Paid up Capital : LP 18,000,000,000
Name of
Shareholder (s)
Sami Salman
Fouad Es Said
National Beverage Company Holding Sal
Activities: Engaged in the
bottling and export of carbonated soft drinks
and mineral water.
Import Countries: United
States of America and Europe
Brand Names: COCA COLA, CRUSH,
SPRITE, SCHWEPPES, NADA, PAMPA, CANADA DRY and CORNELLI
Subject has a
workforce of approximately 350 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.
Blom Bank Sal
Al Daber Building
Abdel Aziz Street
PO Box: 111912
Beirut
Tel: (961-1) 346290 / 863830 / 371898
Fax: (961-1) 364133
Fransabank Sal
PO Box: 110393
Beirut
Tel: (961-1) 340180 / 354573
Fax: (961-1) 354572
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.32 |
|
|
1 |
Rs.84.60 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
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NB |
New Business |
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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.