MIRA INFORM REPORT

 

 

Report Date :

09.12.2014

 

IDENTIFICATION DETAILS

 

Name :

JUBAILI BROS SAL

 

 

Registered Office :

Jubaili Building, Maarouf Saad Street, P O Box: 60, Saida

 

 

Country :

Lebanon

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

01.11.1990

 

 

Com. Reg. No.:

9405, Saida

 

 

Legal Form :

Lebanese Joint Stock Company

 

 

Line of Business :

Distributors of generator sets, industrial machinery, control panels, load banks, fuel tanks, mobile light towers, spare parts and related accessories.

 

 

No. of Employees :

300

 

 

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 :

Good 

 

 

Payment Behaviour :

Regular

 

 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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, 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.

 

Source : CIA

SUMMARY

 

Company Name                                    : JUBAILI BROS SAL

Country of Origin                                   : Lebanon

Legal Form                                           : Lebanese Joint Stock Company

Registration Date                                  : 1st November 1990

Commercial Registration Number           : 9405, Saida

VAT Number                                         : 601-13187

Issued Capital                                       : LP 900,000,000

Paid up Capital                                     : LP 900,000,000

Total Workforce                         : 300

Activities                                               : Distributors of generator sets, industrial machinery, control panels, load

banks, fuel tanks, mobile light towers, spare parts and related    accessories.

Financial Condition                                : Good

Payments                                             : Nothing detrimental uncovered

Operating Trend                                    : Steady

Person Interviewed                                : Mohana Sabagh, Financial Controller

COMPANY NAME

 

JUBAILI BROS SAL

 

 

ADDRESS

 

Registered & Physical Address

 

Building                        : Jubaili Building

Street               : Maarouf Saad Street

 

PO Box            : 60

 

Town                : Saida

Country : Lebanon

 

Telephone         : (961-7) 730871

Facsimile          : (961-7) 720813

Email                : info@jubailibros.com

 

Premises

 

Subject operates from a large suite of offices that are owned and located in the Central Business Area of Saida.

 

Branch Office (s)

 

     Location                                                                                           Description

 

·       Corniche El Mazraa                                                                           Office premises

PO Box: 1337044

Beirut

Tel: (961-1) 307336

Fax: (961-1) 304110

 

·       Jdeidet El Metn                                                                                Office premises

Yameen Centre

Jdeideh Boulevard

Beirut

Tel: (961-1) 891110

Fax: (961-1) 876330

 

·       Maarad Achir El Dayeh Street                                                            Office premises

PO Box: 230

Tripoli

Tel: (961-6) 411015

Fax: (961-6) 410902

 

·       Jal El Baher                                                                                      Office premises

Tyr

Tel: (961-7) 343642

Fax: (961-7) 343643

 

 

KEY PRINCIPALS

 

     Name                                                                                               Position

 

·       Ramzi Mohamed Ramzi Jubaili                                                          Managing Director

 

·       Maher Mohamed Ramzi Jubaili                                                          Director

 

·       Abdullatif Mohamed Ramzi Jubaili                                                     Director

 

·       Rana Tayesh                                                                                    Finance Manager

 

·       Mohana Sabagh                                                                               Financial Controller

 

·       Lotfi Kozbar                                                                                     Operations Manager

 

·       Hani Hariri                                                                                        Senior Branch Manager

 

·       Dalia Jubaili Mroue                                                                           Deputy Branch Manager

 

·       Fadi Sayed                                                                                      Branch Manager

 

·       Makram Abdel Malak                                                             Human Resources Manager

 

·       Hadi Mroue                                                                                      Procurement Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 1st November 1990

 

Legal Form                  : Lebanese Joint Stock Company

 

Commercial Reg. No.   : 9405, Saida

 

VAT No.                       : 601-13187

 

Issued Capital              : LP 900,000,000

 

Paid up Capital            : LP 900,000,000

 

Name of Shareholder (s)                                                     Percentage

 

·       Jubaili Holding Group Sal                                                     97%

Al Sindianah Building

Yousef Zein Street

PO Box: 1137044

Beirut

Tel: (961-1) 307336

Fax: (961-1) 304110

 

·       Ramzi Mohamed Ramzi Jubaili                                                1%

 

·       Maher Mohamed Ramzi Jubaili                                                1%

 

·       Abdullatif Mohamed Ramzi Jubaili                                           1%

 

 

AFFILIATED COMPANIES

 

·       Jubaili Engineering Ltd

Lagos

Nigeria

 

·       Jubaili Bros WLL

PO Box: 5590

Safat 13056

Kuwait

Tel: (965) 22318028

Fax: (965) 22431015

 

·       Jubaili Bros LLC

PO Box: 16520

Dubai

United Arab Emirates

Tel: (971-4) 3242544

Fax: (971-4) 3242545

 

 

OPERATIONS

 

Activities: Engaged in the import and distribution of generator sets, industrial machinery, control panels, load banks, fuel tanks, mobile light towers, spare parts and related accessories.

 

Import Countries: Italy, Japan and the United Kingdom.

 

Export Countries: United Arab Emirates, Kuwait, Yemen, Syrian, Jordan, Sierra Leone, Liberia, Angola, Sudan,

                  Pakistan, Afghanistan, Iran, Ghana, Guinea, Libya and Kazakhstan

 

Brand Names: MARAPCO, TSURUMI SUBMERSIBLE and JET

 

Operating Trend: Steady

 

Subject has a workforce of approximately 300 employees.

 

 

FINANCIAL DATA

 

Financial highlights provided by local sources are given below:

 

Currency: United States Dollars (US$)

 

                                                Year Ending 31/12/12:               Year Ending 31/12/13:

 

Total Sales                                US$ 77,504,000             US$ 85,315,500

 

Local sources consider subject’s financial condition to be Good.

 

The above figures were provided by Ms Mohana Sabagh, Financial Controller

 

 

BANKERS

 

·       Banque de la Mediterranee SAL

Al Nahar Building

Banque du Liban Street

Hamra

Beirut

Tel: (961-1) 353146

 

·       Banque Libano Francaise Sal

PO Box: 11808

Beirut

Tel: (961-1) 200493 / 200490

     Fax: (961-1) 200494 / 348845

 

·       Banque Audi Sal

Ashrafieh Branch

PO Box: 112560

Beirut

Tel: (961-1) 200250 / 200251

     Fax: (961-1) 200955

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

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.61.93

UK Pound

1

Rs.96.37

Euro

1

Rs.76.10

 

INFORMATION DETAILS

 

Analysis Done by :

SUM

 

 

Report Prepared by :

NIT

 

               

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.