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Report No. : |
349547 |
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Report Date : |
16.11.2015 |
IDENTIFICATION DETAILS
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Name : |
HABLI TANNERY |
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Registered Office : |
Golden Tower Building, 4th Floor, Houssam Hariri Street,
Saida |
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Country : |
Lebanon |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
1951 |
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Com. Reg. No.: |
21 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in the processing and distribution of leather and hides. |
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No. of Employees : |
35 |
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 |
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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
|
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 |
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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.
|
Source
: CIA |
Company Name :
HABLI TANNERY
Country of Origin :
Lebanon
Legal Form :
Sole Proprietorship
Registration Date :
1951
Commercial Registration Number :
21, Saida
VAT Number :
601-242641
Export Registration Number :
SL-NCP-102-16
Invested Capital :
LP 10,000,000
Total Workforce : 35
Activities :
Processing and distribution of leather and hides
Financial Condition :
Fair
Payments :
No Complaints
Operating Trend :
Steady
Person Interviewed :
Mohamed Ali Habli, Commercial Manager
HABLI TANNERY
Registered &
Physical Address
Building :
Golden Tower Building, 4th Floor
Street : Houssam
Hariri Street
Town : Saida
Country : Lebanon
Telephone : (961-7) 754033
/ 722623
Facsimile : (961-7) 754033
Mobile : (961-3)
76500120 / 76500110 / (961-70) 511212
Email : mohd1998hab@hotmail.com
Premises
Subject operates from a medium sized suite of offices that are rented
and located in the Central Business Area of Saida.
Name Position
Ali Habli Proprietor
& General Manager
Adham Habli Assistant
General Manager
Mohamed Ali Habli Commercial
Manager
Date of Establishment : 1951
Legal Form : Sole
Proprietorship
Commercial Reg. No. : 21, Saida
VAT No. : 601-242641
Export Reg. No. : SL-NCP-102-16
Invested Capital : LP 10,000,000
Mr Ali Habli is the sole proprietor of the business.
Activities: Engaged in the processing and distribution of leather and hides.
Import Countries: Europe and the Far East
Operating Trend: Steady
Subject has a workforce of 35 employees.
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
5,120,000,000 LP
5,200,000,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
Byblos Bank Sal
PO Box: 115605
Beirut
Tel: (961-1) 898200
Fax: (961-1) 898209
No complaints regarding subject’s payments have been reported.
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 business is deemed a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.14 |
|
|
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.71.27 |
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
|
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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 |
|
|
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 |
-- |
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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.