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Report No. : |
345106 |
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Report Date : |
19.10.2015 |
IDENTIFICATION DETAILS
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Name : |
JUBAILI
INDUSTRIAL METAL SARL (JIMCO) |
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Registered Office : |
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Country : |
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Date of Incorporation : |
20.06.2005 |
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Com. Reg. No.: |
13180, Saida |
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Legal Form : |
Limited Liability
Company |
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Line of Business : |
Subject is
engaged in the manufacture of power generating sets and silencers for
generators, fuel tanks, control panels and related spare parts. Subject is also
involved in the design and fabrication of metal works and acoustic systems
ranging from soundproof enclosures and tower lights to fuel/water tanks and
ventilation/exhaust systems and to fully insulated room preparation and
installation. |
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No. of Employee : |
80 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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) |
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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. 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.
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Source
: CIA |
Company Name : JUBAILI INDUSTRIAL
METAL SARL (JIMCO)
Country of Origin : Lebanon
Legal Form :
Limited Liability Company
Start Date :
1979
Registration Date : 20th
July 2005
Commercial Registration
Number : 13180, Saida
VAT Number :
601-13012
Issued Capital : LP
5,000,000
Paid up Capital : LP
5,000,000
Total Workforce : 80
Activities :
Manufacturers of power generating sets and silencers for generators, fuel
tanks, control panels and related spare parts.
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
JUBAILI INDUSTRIAL
METAL SARL (JIMCO)
Building : Coca Cola Warehouse
Street : Al Zouhour Street
Area : Industrial Area
PO Box : 145143
Town : Bchamoun
Country : Lebanon
Telephone : (961-5) 806141 / 806142
Facsimile : (961-1) 840209
Email : info@jubaili.com / purchasing@jubaili.com
Subject operates
from a medium sized suite of offices and a workshop that are rented and located
in the Industrial Area of Bchamoun.
Name Position
·
Nader
Ahmed Al Jubaili Managing
Director
·
Mazen
Ahmed Al Jubaili Director
·
Mohamed
Hilal Rohanji Director
·
Bareh
Rohanji Director
·
Maisem
Tulais Finance
Manager
·
Rida
Rohanji Sales
Manager
Date of Establishment : 1979, however subject was registered on 20th July 2005
Legal Form :
Limited Liability Company
Commercial Reg. No. : 13180, Saida
VAT No. : 601-13012
Issued Capital : LP 5,000,000
Paid up Capital : LP 5,000,000
·
Nader
Ahmed Al Jubaili
·
Mazen
Ahmed Al Jubaili
·
Mohamed
Hilal Rohanji
·
Bareh
Rohanji
·
Jubaili
Holding Group Sal
Al Sindianah Building
Yousef Zein Street
PO Box: 1137044
Beirut
Tel: (961-1) 307336
Fax: (961-1) 304110
·
JMJ Co
Ltd
Lagos
Nigeria
·
Jubaili
Engineering Ltd
Lagos
Nigeria
·
Jubaili
Bros WLL
PO Box: 5590
Safat 13056
Kuwait
Tel: (965) 2318028
Fax: (965) 2431015
·
Jubaili
Bros Sal
Jubaili Building
Maarouf Saad Street
PO Box: 60
Saida
Tel: (961-7) 730871
Fax: (961-7) 720813
Activities: Engaged in the manufacture of power
generating sets and silencers for generators, fuel tanks, control
panels and related spare parts. Subject is also involved in the design
and fabrication of metal works and
acoustic systems ranging from
soundproof enclosures and tower lights to fuel/water tanks and
ventilation/exhaust systems
and to fully insulated room preparation and installation.
Import
Countries: United Kingdom
International
Suppliers:
·
F G
Wilson United Kingdom
Operating Trend: Steady
Subject has a
workforce of 80 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 9,285,000,000 LP 9,400,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Banque
de la Mediterranee SAL
Al Nahar Building
Banque du Liban Street
Hamra
Beirut
Tel: (961-1) 353146
·
Banque
du Liban et D’ Outre-Mer Sal
Al
Abdel Aziz Street
PO Box: 111912
Tel: (961-1) 346290 / 863830 / 371898
Fax: (961-1) 364133
No complaints
regarding subject’s payments have been reported.
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.64.97 |
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|
1 |
Rs.100.54 |
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Euro |
1 |
Rs.73.99 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
ANK |
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 |
-- |
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.