MIRA INFORM REPORT

Report No. :	356881
Report Date :	31.12.2015

IDENTIFICATION DETAILS

Name :	EAST GROUP IMPEX SARL
Registered Office :	Zod BuildingAl Arzz StreetKobbeh Wadi Jalol Area Tripoli
Country :	Lebanon
Financials (as on) :	31.12.2014
Date of Incorporation :	2011
Com. Reg. No.:	3005342
Legal Form :	Limited Liability Company
Line of Business :	Subject engaged in the import and distribution of general foodstuffs.
No. of Employee :	25

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.

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

IDENTIFICATION & CONTACT DETAILS
1) Name (s):
Organization Official Name			:		EAST GROUP IMPEX SARL
2) Registered Address:
Address			:		Zod BuildingAl Arzz StreetKobbeh Wadi Jalol Area
Town			:		Tripoli
Country			:		Lebanon
Phone (s)			:		(961-6) 380284
					(961-6) 384545
Facsimile			:		(961-6) 380284
Mobile			:		(961-3) 797931
Email			:		east_groupimpex@hotmail.com
3) Operational Address & Contact Details:
Address			:		Zod BuildingAl Arzz StreetKobbeh Wadi Jalol Area
Town			:		Tripoli
Country			:		Lebanon
Phone (s)			:		(961-6) 380284
					(961-6) 384545
Facsimile			:		(961-6) 380284
Mobile			:		(961-3) 797931
Email			:		east_groupimpex@hotmail.com
LEGAL FORM & INCORPORATION (REGISTRATION) DETAILS
Legal Form - Category			:		Limited Liability Company
Date of Registration			:		2011
Commercial Registration Number			:		3005342, Tripoli
KEY FACTS
Operational Status			:		Steady
Financial Condition			:		Fair
Primary Business Activity			:		Distributors of general foodstuffs
Number of Employees			:		25
Capital			:		LP 5,000,000
Note:
Engaged in the import and distribution of general foodstuffs.
CAPITAL DETAILS
Issued Capital:
No of Shares		No of Shares						Amount
N/A		N/A						LP 5,000,000
Paid Up Capital:
No of Shares		No of Shares						Amount
N/A		N/A						LP 5,000,000
FINANCIAL DATA
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 7,100,000,000						LP 7,325,000,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local sources.
BANKERS
1	Name						Arab Bank Plc
	Address						Main BranchTripoli
SHAREHOLDERS
Sr.No	Name
1	Hassan Khalid Kalouch
2	Mohamed Khalid Jawad Yahya
3	Sami Khalid Jawad Yahya
4	Hamza Khalid Jawad Yahya
SENIOR MANAGEMENT
Sr.No	Name						Dsignation
1	Hassan Khalid Kalouch						Managing Director
2	Mohamed Khalid Jawad Yahya						Director
3	Sami Khalid Jawad Yahya						Director
4	Hamza Khalid Jawad Yahya						Director
5	Hussam Saleh						Import & Export Officer
INTERNATIONAL TRADE ACTIVITY MARKETS
Sr.No	Country						Activity
1	Europe						Import
2	Far East						Import
BRNAD NAMES
Sr.No	Name
1	JERFI
2	YELLOW BEE
PREMISES
Subject operates from a medium sized suite of offices that are rented and located in the Central Business Area of Tripoli.
PAYMENT
No complaints regarding subject’s payments have been reported.
ADVERSE DATA
Performance Defaults				:		No record found
Payment Defaults				:		No record found
Adverse Press Coverage				:		No record found
Litigations				:		No record found
Former Business Relationships				:		No record found
INVESTIGATOR'S COMMENTS
Person Interviewed : Hussam Saleh, Import & Export Officer
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.66.42
UK Pound	1	Rs.98.55
Euro	1	Rs.72.60
LBP	1	Rs.0.044

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

INFORMATION DETAILS

Analysis Done by :	TRI
Report Prepared by :	TRU

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%)

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