MIRA INFORM REPORT
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Report Date : |
01.07.2013 |
IDENTIFICATION DETAILS
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Name : |
NATIONAL
INSTRUMENTS |
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Registered Office : |
Sasko Group
Building, 4th Floor, Alchrafieh, Beirut |
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Country : |
Lebanon |
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Date of Incorporation : |
10.08.2004 |
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Com. Reg. No.: |
1003176, Beirut |
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Legal Form : |
Branch of a
Foreign Registered Corporation |
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Line of Business : |
Engaged in the import
and distribution of laboratory equipment and integrated software and hardware
platforms. |
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No. of Employees : |
17 |
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 : |
Branch of a
Foreign Registered Corporation |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Lebanon |
B2 |
B2 |
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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 the 1-2% range in 2011-12, after four years of 8%
average growth. In September 2011 the Cabinet endorsed a bill that would
provide $1.2 billion in funding to improve Lebanon's downtrodden electricity
sector, but fiscal limitations will test the government's ability to invest in
other areas, such as water
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Source
: CIA |
Company Name : NATIONAL
INSTRUMENTS
Country of Origin : United
States of America
Legal Form :
Branch of a Foreign Registered Corporation
Registration Date : 10th
August 2004
Commercial
Registration Number : 1003176,
Beirut
VAT Number :
781065
Issued Capital : US$ 1,000
Paid up Capital : US$ 1,000
Total Workforce : 17
Activities :
Distributors of laboratory equipment and integrated software and hardware
platforms.
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
NATIONAL
INSTRUMENTS
Building : Sasko Group Building, 4th
Floor
Street : Sursok Street
Area : Alchrafieh
Town : Beirut
Country : Lebanon
Telephone : (961-1) 332828 / 203835
Facsimile : (961-1) 334300
Email : ni.arabia@ni.com
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Beirut.
Name Position
·
Michael
Hadad Branch
Manager
·
Nancy
Deep Sales
Assistant
Date of Establishment : 10th
August 2004
Legal Form :
Subject is the Lebanese registered
branch of National Instruments, a Limited Liability
Company incorporated in the United States of
America.
National Instruments in the
Lebanon, operates as a Branch of a Foreign Registered
Corporation.
A Branch of a Foreign
Registered Corporation is not a legal entity in its own
right. Responsibility for
payments lays in the hands of the company where it is
originally registered.
Under these circumstances, we
strongly advise that any international trade
credit should only be written
under the name of the main company where the
subject holds its registered
office, in this case the United States of America.
Commercial Reg. No. : 1003176,
Beirut
VAT No. : 781065
Issued Capital : US$ 1,000
Paid up Capital : US$ 1,000
Activities: Engaged in the import and distribution of
laboratory equipment and integrated software and hardware
platforms.
Import
Countries: Europe, Far East
and the United States of America
Subject has a
workforce of 17 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.
·
Bank of
Beirut Sal
Clemanceau Street
PO Box: 117354
Beirut
Tel: (961-1) 360850 / 350723
Fax: (961-1) 360850
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.59.70 |
|
|
1 |
Rs.91.14 |
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Euro |
1 |
Rs.77.97 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.