MIRA INFORM REPORT

 

 

Report No. :

347907

Report Date :

06.11.2015

 

IDENTIFICATION DETAILS

 

Name :

INTERSTATE INKS SAL

 

 

Registered Office :

Industrial Zone B, Hasrayelp, P O Box: 55, Jbeil

 

 

Country :

Lebanon

 

 

Date of Incorporation :

11.03.2014 (Production began in September 2015)

 

 

Com. Reg. No.:

2037099, Beirut

 

 

Legal Form :

Lebanese Joint Stock Company

 

 

Line of Business :

Manufacture of Ink Materials for The Printing Industry.

 

 

No. of Employees :

35

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

 

--

NB

New Business

 

--

 

 

Status :

New Business

 

 

Payment Behaviour :

Unknown

 

 

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                                    : INTERSTATE INKS SAL

Country of Origin                                   : Lebanon

Legal Form                                           : Lebanese Joint Stock Company

Registration Date                                  : 11th March 2014

Commercial Registration Number           : 2037099, Beirut

VAT Number                                         : 601-2936568

Issued Capital                                       : LP 300,000,000

Paid up Capital                                     : LP 300,000,000

Total Workforce                         : 35

Activities                                               : Manufacturers of ink materials for the printing industry.

Financial Condition                                : Undetermined

Payments                                             : Unknown

Person Interviewed                                : Karim Milan, Commercial Manager

COMPANY NAME

 

INTERSTATE INKS SAL

 

 

ADDRESS

 

Registered & Physical Address

 

Location           : Industrial Zone B, Hasrayelp

 

PO Box            : 55

 

Town                : Jbeil

Country : Lebanon

 

Telephone         : (961-9) 790884

Facsimile          : (961-9) 790995

Mobile              : (961-3) 218268

Email                : karim.milan@interstateinks.com

 

Premises

 

Subject operates from a medium sized suite of offices and a factory that are rented and located in the Industrial Area of Jbeil.

 

 

KEY PRINCIPALS

 

     Name                                                                                               Position

 

·       Elie Karm                                                                                         Managing Director

·       Ms Claudine                                                                                     Assistant General Manager

·       Karim Milan                                                                                      Commercial Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 11th March 2014 (Production began in September 2015)

 

Legal Form                  : Lebanese Joint Stock Company

 

Commercial Reg. No.   : 2037099, Beirut

 

VAT No.                       : 601-2936568

 

Issued Capital              : LP 300,000,000

 

Paid up Capital            : LP 300,000,000

 

Name of Shareholder (s)                                         Percentage

 

·       Indevco Group Holding Co                                        70%

Beirut

·       Elie Karm                                                                 30%

 

 

OPERATIONS

 

Activities: Engaged in the manufacture of ink materials for the printing industry.

 

Subject has a workforce of 35 employees.

 

 

FINANCIAL DATA

 

Subject is a newly formed business and as a result financial information is not currently available.

 

 

BANKERS

 

·       Credit Libanais Sal

PO Box: 166729

Beirut

Tel: (961-1) 200028 / 201292

Fax: (961-1) 602615

 

 

PAYMENT HISTORY

 

Unknown

 

 

GENERAL COMMENTS

 

In view of subject’s infancy, extensive payment and financial are not available, therefore dealings are recommended to be on secured terms, and a close monitoring of subject’s business development is advisable.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.65.68

UK Pound

1

Rs.101.02

Euro

1

Rs.71.35

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

Report Prepared by :

NIT

 

               

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.