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Report Date : |
08.11.2014 |
IDENTIFICATION DETAILS
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Name : |
MAALOUF GRAINS CO SARL |
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Registered Office : |
Maalouf Building, Ground Floor, Gardinia Street, Hazmieh, Beirut |
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Country : |
Lebanon |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
12.07.2002 |
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Com. Reg. No.: |
72195 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Engaged in the and distribution of general foodstuffs, including beans, bulgur, canned food, chick peas, flour, oil,
wheat, lentils, rice, salt, sugar and seeds. |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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.
|
Source
: CIA |
Company Name :
MAALOUF GRAINS CO SARL
Country of Origin :
Lebanon
Legal Form :
Limited Liability Company
Registration Date :
12th July 2002
Commercial Registration Number :
72195, Baabda
Issued Capital :
LP 10,000,000
Paid up Capital :
LP 10,000,000
Total Workforce :
10
Activities :
Distributors of general foodstuffs.
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend :
Steady
Person Interviewed :
Gaby Shehda Maalouf, Managing Director
MAALOUF GRAINS CO SARL
Registered &
Physical Address
Building :
Maalouf Building, Ground Floor
Street : Gardinia
Street
Area : Hazmieh
Town : Beirut
Country : Lebanon
Telephone : (961-5) 956818
/ 920773
Facsimile : (961-5) 920772
Mobile : (961-3)
852133
Email : info@maaloufgrains.com
/ maaloufb@inco.com.lb
Premises
Subject operates from a small suite of offices that are owned and
located in the Central Business Area of Beirut.
Name Position
Gaby Shehda Maalouf Managing
Director
Rita Gaby Maalouf Director
Christina Gaby Maalouf Director
Date of Establishment : 12th
July 2002
Legal Form : Limited Liability
Company
Commercial Reg. No. : 72195, Baabda
Issued Capital : LP 10,000,000
Paid up Capital : LP 10,000,000
Name of Shareholder (s)
Gaby Shehda Maalouf
Rita Gaby Maalouf
Christina Gaby Maalouf
Activities: Engaged in the and distribution of general foodstuffs, including beans, bulgur, canned food, chick peas, flour, oil,
wheat, lentils, rice, salt, sugar and seeds.
Import Countries: Canada, Italy, Australia, Argentina, Egypt, Turkey
and the United States of America.
International Suppliers:
Roy Libimex Canada
Saskscan Pulses Canada
Agrover Italy
Mondoviso Italy
Eurocom Italy
Societe Cofica Australia
Operating Trend: Steady
Subject has a workforce of 10 employees.
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$
9,325,000 US$
10,000,000
Local sources consider subject’s financial condition to be Fair.
The above figures were provided by Mr Gaby Shehda
Maalouf, Managing Director
Byblos Bank
Byblos Tower Building
Elias Sarkis Avenue
Ashrafieh
PO Box: 115605
Beirut
Tel: (961-1) 335200
Fax: (961-1) 339436
No complaints regarding subject’s payments have been reported.
Date of transaction March
2006 January
2008
Credit amount 63,954 56,392
Amount overdue 0 0
Payment terms 60
days 60
days
Payment Method Letters
of Credit Letters
of Credit
Paying record No
Complaints No
Complaints
Currency Canadian
Dollars Canadian
Dollars
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.61.52 |
|
|
1 |
Rs.97.39 |
|
Euro |
1 |
Rs76.15 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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Report Prepared
by : |
TPT |
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 |
|
<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.