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Report Date : |
26.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
SAMPLAST SARL |
|
|
|
|
Registered Office : |
Samplast Building, Gharzouz
(Jbeil) |
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|
|
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Country : |
Lebanon |
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|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Year of Establishments: |
1992 |
|
|
|
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Com. Reg. No.: |
9467 |
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|
Legal Form : |
Limited Liability Company |
|
|
|
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Line of Business : |
Manufacturer of garden and domestic furniture |
|
|
|
|
No. of Employees : |
08 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
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|
|
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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) |
|
Lebanon |
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
|
Source : CIA |
Company Name : SAMPLAST SARL
Country of Origin : Lebanon
Legal Form : Limited Liability Company
Registration Date : 1992
Commercial Registration Number : 9467
Issued Capital : LP 100,000,000
Paid up Capital : LP 100,000,000
Total Workforce : 8
Activities : Manufacture of garden and domestic furniture
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
SAMPLAST SARL
Registered &
Physical Address
Location : Samplast Building
Town : Gharzouz (Jbeil)
Country : Lebanon
Telephone : (961-9) 914172 / 790645
Facsimile : (961-9) 790645
Premises
Subject operates
from a small suite of offices and a workshop that are owned and located in the
Suburban Business Area of Gharzouz.
Name Position
·
Joseph S Sammour Managing
Director
·
Andre S Sammour Director
·
Chawky
S Sammour Director
Date of Establishment : 1992
Legal Form :
Limited Liability Company
Commercial Reg. No. : 9467
Issued Capital : LP 100,000,000
Paid up Capital : LP 100,000,000
Name of Shareholder
(s)
·
Joseph S Sammour
·
Andre S Sammour
·
Chawky
S Sammour
Activities: Engaged in the manufacture of garden and
domestic furniture.
Import
Countries: India
Brand Names: SAMPLAST
Operating Trend: Steady
Subject has a
workforce of 8 employees.
Financial
highlights provided by local sources are given below:
Currency: Lebanese
Pounds (LP)
Year
Ending 31/12/11: Year
Ending 31/12/12:
Total Revenue LP 3,200,000,000 LP 3,400,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Credit
Libanais Sal
Charles Malek Avenue
Ashrafieh
PO Box: 166729
Beirut
Tel: (961-1) 200028 / 201292 / 508716
Fax: (961-1) 602615
·
Societe
Generale de Banque au Liban Sal
Sehnaoui Building
Sin El Fil
Beirut
Tel: (961-1) 499813 / 483001
Fax: (961-1) 502820
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.58.94 |
|
UK Pound |
1 |
Rs.90.48 |
|
Euro |
1 |
Rs.77.87 |
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 |
|
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 |
|
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 |
|
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 |
|
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 |
|
---- |
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.