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Report Date : |
28.04.2014 |
IDENTIFICATION DETAILS
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Name : |
GHADDAR MACHINERY CO SAL |
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Registered Office : |
Property 410/4, Block B, Ghazieh, PO Box : 110, Saida |
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Country : |
Lebanon |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
20.04.2005 |
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Com. Reg. No.: |
5000564, Saida |
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Legal Form : |
Lebanese Joint Stock Company |
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Line of Business : |
Subject is engaged in the import and distribution of industrial
machinery and equipment. |
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No. of Employees : |
10 |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Lebanon |
B2 |
B2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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, which saddled 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 MIKATI government in early 2011 over its backing of the Special Tribunal for Lebanon and the conflict in neighboring Syria slowed economic growth to the 1-2% range in 2011-13, 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 :
GHADDAR MACHINERY CO SAL
Country of Origin :
Lebanon
Legal Form :
Lebanese Joint Stock Company
Registration Date :
20th April 2005
Commercial Registration Number :
5000564, Saida
Issued Capital :
LP 30,000,000
Paid up Capital :
LP 30,000,000
Total Workforce :
10
Activities :
Distributors of industrial machinery and equipment
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend :
Steady
GHADDAR MACHINERY CO SAL
Registered &
Physical Address
Building : Property
410/4, Block B
Area : Ghazieh
PO Box : 110
Town : Saida
Country : Lebanon
Telephone : (961-7) 220000
Facsimile : (961-7) 221754
Email : info@ghaddar.com
Premises
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Saida.
Name Position
Mohamed Samih Ghaddar Managing
Director
Mohamed Afif Ghaddar Director
Date of Establishment : 20th April 2005
Legal Form : Lebanese Joint
Stock Company
Commercial Reg. No. : 5000564, Saida
Issued Capital : LP 30,000,000
Paid up Capital : LP 30,000,000
Name of
Shareholder (s)
Mohamed Samih Ghaddar
Mohamed Afif Ghaddar
Ghaddar Machinery Company Sal (Offshore)
Property 410/4, Block B
Ghazieh
PO Box: 110
Saida
Tel: (961-7) 220000
Fax: (961-7) 221754
Activities: Engaged in the
import and distribution of industrial machinery and equipment.
Import Countries: Europe
and the Far East.
Operating Trend: Steady
Subject has a workforce of 10 employees.
Financial highlights provided by local sources are given below:
Currency: Lebanese Pounds (LP)
Year Ending 31/12/12: Year Ending 31/12/13:
Total Sales LP
3,820,000,000 LP
4,000,000,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
Ahli International Bank
Saida
Tel: (961-7) 728930
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.61.12 |
|
|
1 |
Rs.102.71 |
|
Euro |
1 |
Rs.84.52 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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|
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|
Report Prepared
by : |
NNA |
RATING EXPLANATIONS
|
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 |
|
<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.