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Report No. : |
346949 |
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Report Date : |
27.10.2015 |
IDENTIFICATION DETAILS
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Name : |
AMER CHAABOU
COMPANY SAL |
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Registered Office : |
Masood Building, 9th Floor, Tripoli |
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Country : |
Lebanon |
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Year of Establishment : |
2008 |
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Com. Reg. No.: |
300122, Tripoli |
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Legal Form : |
Lebanese Joint Stock Company |
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Line of Business : |
Import and
Distribution of Metal and Steel Products. |
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No. of Employees : |
6 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – 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 |
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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 : AMER
CHAABOU COMPANY SAL
Country of Origin : Lebanon
Legal Form : Lebanese
Joint Stock Company
Registration Date : 2008
Commercial
Registration Number : 300122,
Tripoli
Issued Capital : LP
30,000,000
Paid up Capital : LP
30,000,000
Total Workforce :
6
Activities :
Distributors of metal and steel products
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
AMER CHAABOU
COMPANY SAL
Location : Masood Building, 9th
Floor
Town : Tripoli
Country : Lebanon
Telephone : (961-6) 444360 / 344450
Mobile : (961-70) 262062
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Tripoli.
Name Position
·
Amer
Abdul Rahman Chaabou Managing
Director
·
Alaa
Eddine Amer Chaabou Director
·
Abdul
Fattah Badie Mohamed Yousef Director
Date of Establishment : 2008
Legal Form :
Lebanese Joint Stock
Company
Commercial Reg. No. : 300122,
Tripoli
Issued Capital : LP 30,000,000
Paid up Capital : LP 30,000,000
·
Amer
Abdul Rahman Chaabou
·
Alaa
Eddine Amer Chaabou
·
Abdul
Fattah Badie Mohamed Yousef
·
Liberty
Trading Sal
Tripoli
Activities: Engaged in the import and distribution of
metal and steel products.
Import
Countries: Europe and the
Far East
Subject has a
workforce of 6 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.
·
Bank of
Lebanon & Kuwait
PO Box: 115566
Beirut
Tel: (961-1) 340270
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.64.96 |
|
|
1 |
Rs.99.55 |
|
Euro |
1 |
Rs.71.64 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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|
|
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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 |
|
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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 |
|
|
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 |
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.