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Report Date : |
14.10.2014 |
IDENTIFICATION DETAILS
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Name : |
DEBBANE
AGRICULTURE HOLDING SAL |
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Registered Office : |
Debbane Building, Zouk Mikael Highway P O Box: 119666, Kesrouane |
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Country : |
Lebanon |
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Date of Incorporation : |
29.07.2009 |
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Com. Reg. No.: |
1901527 |
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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 seeds, flower, agricultural products
and machinery. |
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No. of Employees : |
30 |
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 |
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 |
Company Name : DEBBANE
AGRICULTURE HOLDING SAL
Country of Origin : Lebanon
Legal Form :
Lebanese Joint Stock Company
Registration Date : 29th
July 2009
Commercial
Registration Number : 1901527
VAT Number :
601-2032220
Issued Capital : LP
50,000,000
Paid up Capital : LP
50,000,000
Total Workforce : 30
Activities :
Distributors seeds, flower, agricultural products and machinery
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
Person Interviewed : Zaina Gossan,
Accountant
DEBBANE AGRICULTURE
HOLDING SAL
Building : Debbane Building
Street : Zouk Mikael Highway
PO Box : 119666
Town : Kesrouane
Country : Lebanon
Telephone : (961-9) 211800 / 211801 / 211803
Facsimile : (961-9) 211790
Email : info@debbane.com / hazzam@debbane.com
Subject operates
from a medium sized suite of offices that are owned and located in the Suburban
Business Area of Kesrouane.
Name Position
·
Raphael
Georges Debbane Managing
Director
·
Etienne
Georges Debbane Director
·
Fady
Georges Debbane Director
·
Gabriel
Georges Debbane Director
·
Huda
Azzam Finance
Manager
·
Zaina
Gossan Accountant
Date of Establishment : 29th
July 2009
Legal Form :
Lebanese Joint Stock
Company
Commercial Reg. No. : 1901527
VAT No. : 601-2032220
Issued Capital : LP 50,000,000
Paid up Capital : LP 50,000,000
·
Raphael
Georges Debbane
·
Etienne
Georges Debbane
·
Fady
Georges Debbane
·
Gabriel
Georges Debbane
·
Debbane
Freres Sal
PO Box: 119666
Kesrouane
Tel: (961-9) 211800 / 211801 / 211803
Fax: (961-9) 211790
·
Exotica
Sal
PO Box: 119666
Kesrouane
Tel: (961-9) 211023 / 213323
Fax: (961-9) 211365
·
Exotica
Emirates LLC
Abu Dhabi
United Arab Emirates
·
Debbaneh
Agricultural Company
PO Box: 940615
Amman 11194
Jordan
Tel: (962-6) 4120132
Fax: (962-6) 4120137
Activities: Engaged in the import and distribution of
seeds, flower, agricultural products and machinery.
Import
Countries: Europe and the
Far East.
Subject has a
workforce of 30 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
Ghadir
Jounieh
Tel: (961-9) 639006
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.61.25 |
|
|
1 |
Rs.98.68 |
|
Euro |
1 |
Rs.77.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
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|
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 |
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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 |
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.