|
Report No. : |
306729 |
|
Report Date : |
07.02.2015 |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
No Trace |
|
|
|
|
Payment Behaviour : |
-- |
|
|
|
|
Litigation : |
-- |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Lebanon |
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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
IMAGO SARL
Registered &
Physical Address
Location : So Deco
Town : Beirut
Country : Lebanon
Telephone : (961-1) 645670
/ 875995
Mobile : (961-3)
711755
Upon investigation local sources were unable to locate a company called
“Imago Sarl” in Beirut. They also consulted local business directories and
journals, as well as the local telephone operator however there was no mention
of the subject of your enquiry.
Enquiries made with the Beirut Chamber of Commerce also proved unsuccessful
as they had no listing under the name of “Imago Sarl”. The phone number 961-1
645670 does not work and the other two numbers, 961-1 875995 and 961-3 711755
belong to private individuals who denied any knowledge of or connection with
the subject of your enquiry.
Should you be able to provide us with any further information on the
subject of your enquiry we shall re-investigate and endeavour to send you a
full report as soon as possible.
Important Note:
Kindly provide us with additional information such as Correct Name, Address, Contact Details, Name of Contact Person or a copy of the Upper Part of Letterhead within 15 days of receiving this report, a would be sent without any additional cost.
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.