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Report No. : |
352329 |
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Report Date : |
02.12.2015 |
IDENTIFICATION DETAILS
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Name : |
SAMPLAST SARL |
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Registered Office : |
Samplast Building, Gharzouz (Jbeil) |
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Country : |
Lebanon |
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Financials (as on) : |
31.12.2014 |
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Year of Establishment : |
1992 |
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Com. Reg. No.: |
43431, Baabda |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of
garden and domestic furniture and plastic products used in the poultry
industry. |
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No. of Employees : |
35 |
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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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. Spillover from the Syrian conflict, including the influx of more than 1 million Syrian refugees, has increased internal tension and slowed economic growth to the 1-2% range in 2011-13, after four years of averaging 8% growth. Syrian refugees have increased the labor supply, but pushed more Lebanese into unemployment. Chronic fiscal deficits have made Lebanon’s debt-to-GDP ratio the third highest in the world; most of the debt is held internally by Lebanese banks. Weak economic growth limits tax revenues, while the largest government expenditures remain debt servicing and transfers to the electricity sector. These limitations constrain other government spending and limit the government’s ability to invest in necessary infrastructure improvements, such as water, electricity, and transportation.
|
Source
: CIA |
Company Name : SAMPLAST
SARL
Country of Origin : Lebanon
Legal Form :
Limited Liability Company
Registration Date : 1992
Commercial Registration
Number : 43431, Baabda
VAT Number :
601-9467
Issued Capital : LP
100,000,000
Paid up Capital : LP
100,000,000
Total Workforce : 35
Activities :
Manufacture of garden and domestic furniture and plastic products
used in the poultry industry.
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
SAMPLAST SARL
Location : Samplast Building
Town : Gharzouz (Jbeil)
Country :
Lebanon
Telephone : (961-9) 914172 / 790645
Facsimile : (961-9) 790645
Mobile : (961-3) 618789 / (961-70) 666672
Email : chawkys@hotmail.com
Subject operates
from a medium sized suite of offices and a workshop that are owned and located
in the Suburban Business Area of Gharzouz.
Name Position
·
Chawky
Samman Sammour Managing
Director
·
Joseph Samman Sammour Director
·
Andre Samman Sammour Director
Date of Establishment : 1992
Legal Form :
Limited Liability Company
Commercial Reg. No. : 43431,
Baabda
VAT
No. : 601-9467
Issued Capital : LP 100,000,000
Paid up Capital : LP 100,000,000
·
Chawky Samman
Sammour
·
Joseph Samman Sammour
·
Andre Samman Sammour
Activities: Engaged in the manufacture of garden and
domestic furniture and plastic products used in the poultry
industry.
Import
Countries: Saudi Arabia and
United Arab Emirates.
Principal
Suppliers:
·
Equiplast Lebanon
·
SABIC Saudi Arabia
·
Petro
Rabigh Saudi Arabia
·
Borouge
Pte Ltd United Arab Emirates
Brand Names: SAMPLAST
Operating Trend: Steady
Subject has a
workforce of 35 employees.
Financial highlights
provided by local sources are given below:
Currency: Lebanese
Pounds (LP)
Year
Ending 31/12/13: Year Ending
31/12/14:
Total Sales LP 3,630,000,000 LP 3,885,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Credit
Libanais Sal
Charles Malek Avenue
Ashrafieh
PO Box: 166729
Beirut
Tel: (961-1) 200028 / 201292 / 508716
Fax: (961-1) 602615
·
Societe
Generale de Banque au Liban Sal
Sehnaoui Building
Sin El Fil
Beirut
Tel: (961-1) 499813 / 483001
Fax: (961-1) 502820
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.66.52 |
|
|
1 |
Rs.100.44 |
|
Euro |
1 |
Rs.70.44 |
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LBP |
1 |
Rs.0.044 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
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.