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Report No. : |
352999 |
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Report Date : |
10.12.2015 |
IDENTIFICATION DETAILS
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Name : |
MEDIAFORM SAL |
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Registered Office : |
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Country : |
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Date of Incorporation : |
1982 |
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Com. Reg. No.: |
15261, Baabda |
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Legal Form : |
Lebanese Joint
Stock Company |
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Line of Business : |
Subject engaged in
flatbed, offset, letterpress and security printing and photolithography. |
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No. of Employee : |
90 |
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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Maximum Credit Limit : |
US$ 600,000 |
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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
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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.
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Source
: CIA |
Company Name : MEDIAFORM SAL
Country of Origin : Lebanon
Legal Form :
Lebanese Joint Stock Company
Registration Date : 1982
Commercial
Registration Number : 15261,
Baabda
VAT Number :
601-9868
Issued Capital : LP
30,000,000
Paid up Capital : LP
30,000,000
Total Workforce : 90
Activities :
Printers and distributors of computer equipment and office machinery.
Financial Condition : Fair
Payments :
No complaints
Operating Trend : Steady
Recommended Credit
Limit : US$ 600,000
Person Interviewed : Jean
Dharaghid, Finance Manager
MEDIAFORM SAL
Building : Mediaform Building
Street : Mar Elias Street
Area : Mkalles
PO Box : 118146
Town : Beirut
Country : Lebanon
Telephone : (961-1) 683285
Facsimile : (961-1) 683290
Mobile : (961-3) 213302
Email : info@mediaformsal.com / jdaraghid@mediaformsal.com / abikaram@mediaformsal.com /
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Central Business Area of Beirut.
Branch Office
(s)
Location Description
·
Saad Al
Ikari Building Office
premises
Sadat Street
Hamra
Beirut
Tel: (961-1) 741877 / 741892
Name Position
·
Farid
Raymond Khalifa Managing
Director
·
Fouad
Raymond Khalifa Director
·
Raymond
Khalifa Director
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Joumana
Khalifa Director
·
Jean
Dharaghid Finance
Manager
·
Elias
Abi Karam Commercial
Manager
·
Salim
Jalkh Production
Manager
Date of Establishment : 1982
Legal Form :
Lebanese Joint Stock
Company
Commercial Reg. No. : 15261, Baabda
VAT No. : 601-9868
Issued Capital : LP 30,000,000
Paid up Capital : LP 30,000,000
·
Farid
Raymond Khalifa
·
Fouad
Raymond Khalifa
·
Raymond
Khalifa
·
Joumana
Khalifa
·
Industrial
Holding Sal
Beirut
Activities: Engaged in flatbed, offset, letterpress and
security printing and photolithography.
Subject is also engaged in the
import and distribution of computer equipment and related peripherals,
office machinery and
furniture.
Import
Countries: France,
Portugal, Germany, Finland and the United Kingdom
International
Suppliers:
·
Torras
Papel Portugal
·
Stora
Enso Finland
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Luminescence United Kingdom
Brand Names: SCIP, NIKO, 3M and HP
Operating Trend: Steady
Subject has a
workforce of 90 employees.
Financial
highlights provided by local sources are given below:
Currency: United
States Dollars (US$)
Year
Ending 31/12/13: Year
Ending 31/12/14:
Total Sales US$ 9,500,000 US$ 10,215,000
Local sources
consider subject’s financial condition to be Fair.
The above figures
were provided by Mr Jean Dharaghid, Finance Manager
·
Banque Saradar
Sal
PO Box: 111121
Beirut
Tel: (961-1) 410351 / 413543
Fax:
(961-1) 404490
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.66.75 |
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|
1 |
Rs.100.29 |
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Euro |
1 |
Rs.72.89 |
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LP |
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
: |
HNA |
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Report Prepared
by : |
ANK |
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 |
-- |
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.