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Report No. : |
307062 |
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Report Date : |
12.02.2015 |
IDENTIFICATION DETAILS
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Name : |
LIBERTY TRADING COMPANY (OFFSHORE) |
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Registered Office : |
Masood Building, 9th Floor, Tripoli |
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Country : |
Lebanon |
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Date of Incorporation : |
27.01.2007 |
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Com. Reg. No.: |
1800894 |
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Legal Form : |
Lebanese Joint Stock Company – Offshore |
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Line of Business : |
Engaged in the import and distribution of agro-commodities, seeds,
pulses and grains. |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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. 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 |
Company Name :
LIBERTY TRADING COMPANY (OFFSHORE)
Country of Origin :
Lebanon
Legal Form :
Lebanese Joint Stock Company - Offshore
Registration Date :
27th January 2007
Commercial Registration Number :
1800894
Issued Capital :
LP 30,000,000
Paid up Capital :
LP 30,000,000
Total Workforce :
5
Activities :
Distributors of agro-commodities, seeds, pulses and grains
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
LIBERTY TRADING COMPANY (OFFSHORE)
Registered &
Physical Address
Location : Masood
Building, 9th Floor
Town : Tripoli
Country : Lebanon
Telephone : (961-6) 444350
/ 444351
Facsimile : (961-6) 444352
Premises
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Tripoli.
Name Position
Amer Abdulrahman Chaabu Managing
Director
Azzam Abdulrahman Chaabu Director
Omar Ali Chaabu Director
Badriya Ghazi Administration
Officer
Date of Establishment : 27th
January 2007
Legal Form : Lebanese Joint
Stock Company - Offshore
Commercial Reg. No. : 1800894
Issued Capital : LP 30,000,000
Paid up Capital : LP 30,000,000
Name of Shareholder (s)
Amer Abdulrahman Chaabu
Azzam Abdulrahman Chaabu
Omar Ali Chaabu
Activities: Engaged in the import and distribution of agro-commodities, seeds,
pulses and grains.
Import Countries: Europe and the Far East
Subject has a workforce of 5 employees.
Companies registered in Lebanon are not legally required to make their
accounts public and no financial information was released by the company or submitted
by outside sources.
Byblos Bank Sal
Jabadou Building
Al Bawabeh Street
Tripoli
Tel: (961-6) 812414
Fax: (961-6) 205943
Unknown
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.62.15 |
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|
1 |
Rs.94.72 |
|
Euro |
1 |
Rs.70.33 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
TPT |
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.