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Report Date : |
29.08.2014 |
IDENTIFICATION DETAILS
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Name : |
NATIONAL INSTRUMENTS |
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Registered Office : |
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Country : |
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Date of Incorporation : |
10.08.2004 |
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Com. Reg. No.: |
1003176, |
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Legal Form : |
Branch of a Foreign Registered Corporation |
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Line of Business : |
Distributors of laboratory equipment and integrated software and hardware
platforms. |
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No. of Employees |
15 |
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 – June 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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, 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 $1.2 billion in funding to improve Lebanon's downtrodden electricity sector, but fiscal limitations will test the government's ability to invest in other areas, such as water.
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Source
: CIA |
Company Name :
NATIONAL INSTRUMENTS
Country of Origin :
United States of America
Legal Form :
Branch of a Foreign Registered Corporation
Registration Date :
10th August 2004
Commercial Registration Number :
1003176, Beirut
VAT Number :
781065
Issued Capital :
US$ 1,000
Paid up Capital :
US$ 1,000
Total Workforce :
15
Activities :
Distributors of laboratory equipment and integrated software and hardware
platforms.
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
NATIONAL INSTRUMENTS
Registered &
Physical Address
Building : Beyrtech Building
Street : Bechara Al Khoury Avenue
Area :
Bechara Sector
Town : Beirut
Country : Lebanon
Telephone : (961-1) 646111
Facsimile : (961-1) 646999
Email : ni.arabia@ni.com
Please note that subject’s previous address was, Sasko Group Building, 4th
Floor, Sursok Street, Achrafieh, Beirut.
Premises
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
Manager
Faris Al Horr Commercial
Manager
Fouad Abu Nassir Financial
Controller
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 15 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
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Indian Rupees |
|
US Dollar |
1 |
Rs.60.47 |
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UK Pound |
1 |
Rs.100.35 |
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Euro |
1 |
Rs.79.86 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
SDA |
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 |
-- |
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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.