MIRA INFORM REPORT

 

Report No. :

351153.2

Report Date :

04.12.2015

 

IDENTIFICATION DETAILS

 

Name :

TRANSPOLYMERS SAL OFFSHORE

 

 

Registered Office :

Doragate Building, 3rd Floor, Dora, Beirut

 

 

Country :

Lebanon

 

 

Financials (as on) :

31.12.2014

 

 

Year of Establishment :

2013

 

 

Com. Reg. No.:

1807162, Beirut

 

 

Legal Form :

Lebanese Joint Stock Company - Offshore

 

 

Line of Business :

Subject is engaged in the import and distribution of master batches, colour additives, tapes and PVC raw materials.

 

 

No. of Employee :

4

 

 

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 :

Satisfactory

Payment Behaviour :

No complaints

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

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

SUMMARY

 

Company Name                                    : TRANSPOLYMERS SAL OFFSHORE

Country of Origin                                   : Lebanon

Legal Form                                           : Lebanese Joint Stock Company - Offshore

Registration Date                                  : 2013

Commercial Registration Number           : 1807162, Beirut

Issued Capital                                       : LP 30,000,000

Paid up Capital                                     : LP 30,000,000

Total Workforce                                     : 4

Activities                                               : Distributors of master batches, colour additives, tapes and PVC raw

                                                             materials.

Financial Condition                                : Fair

Payments                                             : No Complaints

Person Interviewed                                : Jihad Nicolas Ghanem, Managing Director

 

COMPANY NAME

 

TRANSPOLYMERS SAL OFFSHORE

 

 

ADDRESS

 

Registered & Physical Address

 

Location           : Doragate Building, 3rd Floor, Dora

Town                : Beirut

Country             : Lebanon

 

Telephone         : (961-9) 214166

Facsimile          : (961-1) 257599

Mobile              : (961-3) 340320

Email                : jghanem@gdt-lb.com / jghanem@transpolymers.net

 

Premises

 

Subject operates from a small suite of offices that are rented and located in the Central Business Area of Beirut.

 

 

KEY PRINCIPALS

 

     Name                                                                                               Position

 

·       Jihad Nicolas Ghanem                                                                      Managing Director

 

·       Raja Ghanem                                                                                    Director

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 2013

 

Legal Form                  : Lebanese Joint Stock Company - Offshore

 

Commercial Reg. No.   : 1807162, Beirut

 

Issued Capital              : LP 30,000,000

 

Paid up Capital            : LP 30,000,000

 

Name of Shareholder (s)                                             

 

·       Jihad Nicolas Ghanem                                                                     

 

·       Raja Ghanem

 

 

AFFILIATED COMPANIES

 

·       Ghanem Development & Trade Co Sarl

Beirut

 

 

OPERATIONS

 

Activities: Engaged in the import and distribution of master batches, colour additives, tapes and PVC raw materials.

 

Import Countries: Europe and the Far East

 

Subject has a workforce of 4 employees.

 

 

FINANCIAL DATA

 

Financial highlights provided by local sources are given below:

 

Currency: Lebanese Pounds (LP)

 

                                                                        Year Ending 31/12/14:

 

Total Sales                                                        LP 3,250,000,000

 

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

 

The above financial figures are based on estimations by our local sources.

 

 

BANKERS

 

·       Bank of Lebanon & Kuwait

PO Box: 115566

Beirut

     Tel: (961-1) 340270

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

Local sources report that the subject’s operating history is clear with payment obligations met in a generally timely manner. The financial position is satisfactory and the company is deemed a fair trade risk.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.75

UK Pound

1

Rs.99.61

Euro

1

Rs.70.67

LBP

1

Rs. 0.044

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

ASH

 

 

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.