MIRA
INFORM REPORT
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Report Date : |
10.05.2013 |
IDENTIFICATION DETAILS
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Name : |
The Leaders Co Sarl |
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Registered Office : |
Centre Nawras Salam, Cola Road, Beirut |
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Country : |
Lebanon |
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Financials (as on) : |
31.12.2012 |
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Year of Establishment : |
2000 |
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Com. Reg. No.: |
2022845, Beirut |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Import and
Distribution of Steel Products and Scrap Metals. |
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No. of Employees : |
8 |
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 – 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.
Source
: CIA
Company Name : THE LEADERS CO SARL
Country of Origin : Lebanon
Legal Form :
Limited Liability Company
Registration Date : 2000
Commercial
Registration Number : 2022845,
Beirut
VAT Number :
601-2178927
Issued Capital : LP
30,000,000
Paid up Capital : LP
30,000,000
Total Workforce : 8
Activities :
Distributors of steel products and scrap metals
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Sameh Nemeh,
Managing Director
THE LEADERS CO SARL
Building : Centre Nawras Salam
Street : Cola Road
Town : Beirut
Country : Lebanon
Telephone : (961-1) 822345 / 822340
Facsimile : (961-1) 822345 / 822961
Mobile : (961-76) 444942 / 424941 /
(961-70) 424964
Email : eagle_metal@cyberia.net.lb
Subject operates from
a small suite of offices that are rented and located in the Central Business
Area of Beirut.
Name Position
·
Sameh
Nemeh Managing
Director
·
Mostafa
Kabalani Director
Date of Establishment : 2000
Legal Form :
Limited Liability Company
Commercial Reg. No. : 2022845,
Beirut
VAT
No. : 601-2178927
Issued Capital : LP 30,000,000
Paid up Capital : LP 30,000,000
·
Sameh
Nemeh
·
Mostafa
Kabalani
·
Eagle
Metal Sarl
Beirut
Activities: Engaged in the import and distribution of
steel products and scrap metals.
Import
Countries: Europe and the
Far East.
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 Sales LP 5,700,000,000 LP 6,000,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Bank of
Beirut and the Arab Countries Sal
PO Box: 111536
Beirut
Tel: (961-1) 867142 / 869835
Fax: (961-1) 869836
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.54.24 |
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|
1 |
Rs.84.30 |
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Euro |
1 |
Rs.71.36 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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.