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________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010. EMBASSY OF ARGENTINA BEIRUT - LEBANON MARKET SURVEY THE LEBANESE MARKET OF LEATHER PRODUCTS FEBRUARY 2010

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________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

EMBASSY OF ARGENTINA

BEIRUT - LEBANON

MARKET SURVEY

THE LEBANESE MARKET OF

LEATHER PRODUCTS

FEBRUARY 2010

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

1. GENERAL INFORMATION All information, figures and data correspond to the year 2008. Demographic and economic figures are estimates. General information Country Lebanon Area 10,452 km2 Official language Arabic Other languages English, French Currency Lebanese Pound (LBP) Political status Independent Republic Political system Parliamentary democracy Legislative authority Elected parliament Executive authority President/Council of ministers Economic system Liberal market economy Geography Surface 10,452 km2 Coast length 210 km Maximum altitude 3,083 m Average temperature 20.7 °C Rainfall 688 mm Humidity rate 68% Demography Population 4,100,000 Annual growth rate 3% Number of households 910,000 Average household size 4.50 Life expectancy at birth 73 years Working population 1,230,000 Urban population 80%

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Education Literacy rate 93% (Male), 85% (Female) Land use Arable land 207,060 ha o.w irrigated 60,047 ha Grazing 360,000 ha Forest & woodland 79,560 ha Other land 301,580 ha Total 1,045,200 ha Infrastructure Roads (paved) 7,200 km Railways Non functional, old, obsolete Airport (civil) Rafic Hariri International Airport Ports (commercial) Beirut, Tripoli, Saida Electricity 1,350 MW Economy Inflation rate 10% Exchange rate (LBP/$) 1,507.5 (year average) GDP $28,020 m GDP per capita $7,185 Real GDP growth rate 4.4% Exports $3,497 Imports $16,223 Trade balance -$12,726 Balance of payments $3,461m (surplus) Budget deficit LBP 3,502 bn Gross domestic debt LBP39,007 bn Net domestic debt LBP30,681 bn Net total debt (public) LBP62,562 bn External debt $21,148 m Central Bank reserves $17,062 m Central Bank gold reserves $8,032 m

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Customer deposits in comm. banks LBP 99,908 bn Customer loans by commercial banks LBP 55,352 bn Beirut Stock Exchange market capitalization

$9,323 m

1 year T-bill yield 7.58% Overnight rate 3.5%

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

2. GEOGRAPHICAL ENVIRONMENT Lebanon is situated on the eastern side of the Mediterranean basin, between the 33o-35o parallel (north) and the 35o-37o parallel (east). Its frontiers (borders) are:

- Syria (with which it has a 375-km long border) to the north and east - Israel (with which it has an 80-km long border) to the south; - the Mediterranean sea (on which it has a 250-km long coast) to the west.

Lebanon has a surface of 10,452 sq. meters. It has a diversified geography, which is spread on : - 2 large plains: The coastal plain and the famous Bekaa plain. - 2 long mountain chains: Mount Lebanon (highest summit 3,083 m) and the Anti Liban chain (highest summit 2,814 m). Lebanon is rich in water. There are more than 15 rivers, the biggest of which, the Litani river, is 160-km long. The climate is pleasant and moderate, characterized by relatively smaller variations of temperature, long periods of sunshine (approx. 300 days/year) and relatively abundant rainfall in a short period of the year (from November to March). In winter season, snow falls in mountain areas, and skiing is practiced in several resorts. In summer season, hot temperatures in coastal areas are ideal for swimming and beach sports, while moderate temperatures in mountain areas favour summering activities.

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

3. POLITICAL ENVIRONMENT Lebanon is an independent and sovereign State. Lebanon is also a democratic, parliamentary, multi-party, Republic. The Lebanese Constitution, established in 1926, amended in 1989, guarantees, among other fundamental rights, individual liberty, liberty of thought, liberty of religion, as well as propriety. Legislative power belongs to an elected 128-member parliament, with new elections held every four years. Executive power belongs to the President of the Republic, elected by the Lebanese parliament for a period of six years, and to the Council of Ministers. Judiciary power belongs to the different tribunals and courts. The Lebanese Constitution was amended by the Taif Agreement, a new national charter voted by the Parliament on 30 September 1989, which sealed national reconciliation, and which put an end to the state of war prevailing from 1975 in the country. The Taif Agreement has provided for a large number of changes in the way Lebanon is administered, in the framework of a reform plan destined to correct social imbalances in the country and secure political stability.

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

4. DEMOGRAPHIC ENVIRONMENT Distribution of the Lebanese population by Mohafazat Year 2008 Mohafazat Population % Mount Lebanon 1,476,000 36% North Lebanon 820,000 20% Bekaa 574,000 14% Beirut 533,000 13% South Lebanon 480,000 12% Nabatieh 217,000 5% Total 4,100,000 100% Source: Masri Etudes et Expertises Sarl Distribution of the Lebanese population by age group Year 2008 Age group Population % 0-4 526,850 12.85% 5-9 483,800 11.80% 10-14 502,660 12.26% 15-19 404,670 9.87% 20-24 404,670 9.87% 25-29 314,470 7.67% 30-34 252,150 6.15% 35-39 194,340 4.74% 40-44 155,800 3.80% 45-49 150,880 3.68% 50-54 155,800 3.80% 55-59 142,270 3.47% 60-64 114,800 2.80% 65 and above 209,510 5.11% Total 4,100,000 100% Source: Masri Etudes et Expertises Sarl

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Distribution of the Lebanese population by nationality Year 2007 Nationality Number % Lebanese 3,624,800 88.40% Palestinian 344,000 8.40% Other 131,200 3.20% Total 4,100,000 100% Source: Masri Etudes et Expertises Sarl Distribution of the Lebanese population by ethnic group Year 2007 Nationality Number % Arab 3,895,000 95% Armenian 164,000 4% Other 41,000 1% Total 4,100,000 100% Source: Masri Etudes et Expertises Sarl

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

5. SOCIO-ECONOMIC ENVIRONMENT Lebanon has a liberal free market economy. The Lebanese economy is mostly dominated by the private sector, and by free enterprise. There has never been an exchange control in Lebanon. Since the end of the state of war and the reunification of the country in 1990, many important economic developments have taken place, among which the following main developments:

- the stabilization of the national currency - the control of inflation rate, which has been reduced to less

than 5%

- the modernization and enlargement of Rafic Hariri Intenational Airport (formerly Beirut International Airport), which has become one of the best airports in the Middle East

- the execution of large modernization and upgrading works on the physical infrastructure (roads, electricity, telecommunications, water, sewage, etc.), and the enlargement of this infrastructure

- the execution of Solidere Sal’s ambitious and unique project for the reconstruction and development of Beirut City Centre which resulted in a central zone with a state-of-the art infrastructure, architecture, facilities and features - the voting and implementation of new laws for the promotion of investments in the country, particularly law number 360 dated 16/8/2001 - the creation of official institutions for the promotion and development of investments, particularly Investment Development Authority of Lebanon (IDAL) and the Establishment for the Guarantee of Investments - the signing of several international agreements for the opening of foreign markets to Lebanese products

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

- the implementation of the Value Added Tax (VAT) - the enlargement of the income tax base and the strengthening

of income tax collection However, economic conditions remain largely affected by a number of structural and fundamental problems, mainly by the budget deficit, the internal public debt and the deficit of the trade balance, as well as by the still unstable and uncertain local and regional situation. Economic conditions remain also affected by the relative weakness of the purchasing power of the population, as shown in the following tables containing a distribution of the population’s income. However, in parallel with the improvement in the political situation in the country, a significant improvement in socio-economic conditions has taken place as from the second half of the year 2008. There is a strong belief among local, regional and international economic circles that Lebanon may be heading towards an era of economic growth and prosperity, following the conclusion of the Doha agreement in April 2008, which ended a period of 3 years of political turmoil and subsequent economic problems, the election of H.E. the President of the Lebanese Republic in May 2008, the election of the Parliament in 7 June 2009 and the constitution of the present Council of Ministers in 10 November 2009.

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Distribution of Lebanese working population by Mohafazat Year 2008 Mohafazat Population % Mount Lebanon 442,800 36% North Lebanon 209,100 17% South Lebanon 184,500 15% Beirut 147,600 12% Bekaa 159,900 13% Nabatieh 86,100 7% Total 1,230,000 100% Source: Masri Etudes et Expertises Sarl Distribution of the Lebanese working population by economic sector Year 2008 Sector Population % Commerce & services 627,300 51% Public sector 159,900 13% Industry 172,200 14% Agriculture 147,600 12% Construction 49,200 4% Other 73,800 6% Total 1,230,000 100% Source: Masri Etudes et Expertises Sarl

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Distribution of Lebanese working population by professional category Year 2008 Category Population % Salaried 639,600 52% Self-employed 270,600 22% Daily worker 196,800 16% Employer 73,800 6% Other 49,200 4% Total 1,230,000 100% Source: Masri Etudes et Expertises Sarl Distribution of Lebanese working population by gender Year 2007 Gender Population % Male 986,460 80.20% Female 243,540 19.80% Total 1,230,000 100% Source: Masri Etudes et Expertises Sarl

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Distribution of Lebanese households by monthly income Year 2008

Income Households % <$500 18,200 2% $501-$750 200,200 22% $751-$1000 254,800 28% $1001-$1500 145,600 16% $1501-$2000 100,100 11% $2001-$3000 72,800 8% $3001-$4000 54,600 6% $4001-$5000 36,400 4% >$5000 27,300 3% Total 910,000 100% Source: Masri Etudes et Expertises Sarl Distribution of Gross Domestic Product-GDP by economic sector Year 2008 Sector % Agriculture 5.40% Industry 17.20% Construction 14.10% Commerce & services 63.30% Total 100%

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

6. BUSINESS ENVIRONMENT 6.1 Foreign ownership of business With the exception of a limited number of business activities, Lebanese laws authorize 100% foreign ownership of enterprises. Many Lebanese companies are partially owned or wholly owned by Arab and foreign natural persons or legal persons. Arab and foreign companies can establish representative offices and operational branches in Lebanon. Company registration authority is the Ministry of Justice, Register of Commerce. Arab and foreign companies seeking to establish representative offices and branches must register also with the Ministry of Economy and Trade, department of Foreign Companies. Profits and dividends are freely convertible in foreign currency and transferable abroad. Enterprises having commercial representation as object (as line of business), and enterprises applying for the registration in Lebanon of a commercial agency, must be 100% Lebanese-owned. 6.2 foreign ownership of real estate Under certain limits and restrictions, Arab are foreign natural and legal persons can own real estate properties on freehold basis in Lebanon. Registration authority is the Ministry of Finance, Land Registry.

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

6.3 Tax structure Tax on corporate profits (income tax) amounts to 15%. Tax on dividends amounts to 10%. Value Added Tax (VAT) amounts to 10%. Tax authority is the Ministry of Finance, Revenue Division, Income Tax department/VAT department. 6.4 Exchange control There has never been any form of currency exchange control in Lebanon. 6.5 Commercial representation Lebanese laws normally provide strong protection to local commercial agents and representatives against termination or breach of agency agreements. Commercial agency agreements cannot be registered and protected for basic and essential goods such as food products and pharmaceuticals. Registration authority is the Ministry of Economy and Trade, Office of Protection of Property.

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

6.6 Intellectual and industrial property Lebanese laws provide strong protection to registered intellectual and industrial property. Trade marks, patents and copyrights can be registered in Lebanon by local and foreign concerns. Registration authority is the Ministry of Economy and Trade, Office of Protection of Property. 6.7 Free zones There is one free zone in Lebanon, the Beirut Port Free Zone, into which goods can be imported for re-export without payment of Customs duties. There are plans to establish other free zones in the country. 6.8 Labor laws According to prevailing laws and regulations, all salaried personnel (Lebanese and non Lebanese) must be duly registered at the Caisse Nationale de la Sécurité Sociale (National Social Security Fund). Non-Lebanese employees must hold a residence permit (delivered by the Direction Générale de la Sureté Générale) and a working permit (delivered by the Ministry of Labor). Litigation between employers and employees are examined by the Labor Courts.

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

6.9 Legal form of enterprises The following legal form of enterprises exists in Lebanon:

- Société anonyme libanaise (SAL) (Joint stock company)

- Société anonyme libanaise off-shore

(Joint stock company off-shore)

- Société anonyme libanaise holding (Joint stock company holding)

- Société en commandite par action

(Limited partnership by shares)

- Société à responsabilité limitée (SARL) (Limited liability company)

- Société en nom collectif (SNC) (Partnership) - Société en commandite simple (SCS) (Limited partnership) - Maison en nom simple/Entreprise individuelle (Proprietorship)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

III. LEGAL AND REGULATORY FRAMEWORK

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

1. MAIN LAWS AND REGULATIONS The establishment and exploitation of leather tanning industries for the manufacturing of tanned leather hides is subject to the granting of an industrial license by the Ministry of Industry and a permit by the local municipal council. The establishment and exploitation of leather industries for the manufacturing of finished leather products is subject to the granting of an industrial license by the Ministry of Industry and a permit by the local municipal council. The import and export of tanned leather hides and of finished leather products, of all types and categories, is free and is not subject to the granting of any license. Main laws and regulations prevailing in Lebanon, of interest or relevance to the market of leather, are the following:

- Decision number 1/4 dated 12 January 2001

Environmental conditions for granting a license for the establishment or exploitation of a slaughterhouse

- Decision number 1/75 dated 5 September 2002

Environmental conditions for granting a license for the establishment or exploitation of a tanning factory

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

2. CUSTOMS AND VAT RATES Custom duties and VAT rates applicable on the concerned product and are described in the following table:

Description Customs code Customs value Customs min.

VAT rate

Raw hides and skins of bovine

4101 0% - 10%

Raw skins of sheep

4102 0% - 10%

Other raw hides and skins

4103 0% - 10%

Leather prepared after tanning or crusting

4107-4112 4113

10% - 10%

Chamois and patent leather

4114 10% - 10%

Trunks, suit-cases, vanity-cases, etc.

4202.11 20% - 10%

Handbags

4202.21 10% 4,500 LL 10%

Articles of a kind normally carried in the pocket/handbag

4202.31 20% - 10%

Articles of apparel

4203.10 5% 5,050 LL 10%

Gloves, mittens and mitts

4203.20 25% - 10%

Belts and bandoliers

4203.30 10% 1,500 LL 10%

Other articles of leather for technical uses

4205.00.10 0% - 10%

Other articles of leather

4205.00.90 20% - 10%

Raw furskins

4301 5% - 10%

Tanned or dressed furskins

4302 5% - 10%

Articles of apparel, clothing accessories, and other articles of furskin

4303 25% - 10%

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

IV. MARKET DESCRIPTION

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

1. MARKET STRUCTURE AND SEGMENTATION 1.1 Leather hides Local manufacturers of tanned leather hides (i.e. local tanneries) buy raw hides from local cattle slaughterhouses and butchers. Local manufacturers of tanned leather hides (i.e. local tanneries) sell their product to local manufacturers of finished leather products (shoes, bags, etc.). Larger local manufacturers of tanned leather hides (i.e. local tanneries) also maintain an import activity in order to complement their range and offering. Raw hides are purchased from slaughterhouses by weight, and sold by tanneries by square foot. Local production of tanned leather hides has largely and progressively decreased throughout the past 15-20 years, and a large number of tanneries have closed. The reason is the decrease in local demand from the part of local leather industries, due to strong competition represented by lower-priced imported finished leather products. The local industry of tanned leather hides has also been affected to a significant extent by strong competition from lower-priced products imported mainly from Syria and China. There are presently approximately 17 leather tanneries operating in Lebanon, most of which are old-established. Local tanneries generally produce middle-market range articles in term of quality. High-end quality hides are generally imported. 1.2 Finished leather products Local manufacturers of finished leather products buy tanned leather hides from local tanneries. Their imports of tanned leather directly from foreign suppliers are very limited. Small local manufacturers normally sell to small-sized retailers of finished leather products.

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Medium-sized and large-sized local manufacturers are normally also retailers, and maintain their own retail outlets. Larger local manufacturers of finished leather products are also exporters to foreign markets. The local industry of finished leather products covers most market segments in terms of quality: low-quality market, lower-middle, middle, and upper middle market. The local industry of finished leather products has been affected during the past 15-20 years by rising production costs and by strong competition from cheaper foreign markets. Several large-sized and known local factories have closed (Bata, Hashim, Balaa, etc.). There are approximately 42 local manufacturers of finished leather products of significant size in Lebanon. There are also approximately 840 local retailers of finished leather products of all sizes and types in Lebanon. There is practically no intermediary distribution market, particularly for the two main products (shoes and bags), as relationship is mostly directly from manufacturer to retailer.

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

2. LEATHER HIDES 2.1 Manufacturers Main Lebanese manufacturers of tanned leather hides (tanneries) identified in the framework of the present market survey, and details of their operations, are the following: Name : Hanna Karam & Fils R.C. number : 1622 Beirut R.C. date : N/A Founded : 1943 Address : Ground floor, Versailles building, Abilamaa street, Jdeideh (Metn) Telephone : +961-1-888366 +961-1-891605 +961-1-891609 +961-1-880000 Facsimile : +961-1-883459 E-mail : [email protected] Size of staff : 25 Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Main owners : Mr Jean Nayef Karam Mr Amer Albert Karam Main executives : Mr Jean Nayef Karam (managing partner) Comment : Also principal importer of tanned leather hides.

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Hanna & Georges Mokbel Tannerie Libanaise R.C. number : 10561 Baabda R.C. date : 15 April 1980 Founded : 1955 Address : Mokbel building, Dabbaghate street, Dora area, Bourj Hammoud (Metn) Telephone : +961-1-261107 +961-1-262608 Facsimile : +961-1-262645 E-mail : [email protected] Size of staff : 22 Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001 Main owners : Mr Rachid Gergi Mokbel Mr William Gergi Mokbel Main executives : Mr Rachid Gergi Mokbel (managing partner) Mr William Gergi Mokbel (managing partner)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Salem International Tannery R.C. number : 2992 Baabda R.C. date : 19 April 1973 Founded : 1973 Address : Ground floor, Moucarri center, Dora boulevard, Bourj Hammoud (Metn) Telephone : +961-1-264287 +961-1-240707 +961-1-240808 Facsimile : +961-1-240909 E-mail : [email protected] Size of staff : 11 Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001 Main owners : Mr Abdo Youssef Salem Mr Nagib Youssef Salem Main executives : Mr Abdo Youssef Salem (general partner)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Société Elias Darwiche pour l’Industrie & le Commerce Sarl - SEDICO R.C. number : 57510 Baabda R.C. date : 2 April 1996 Founded : 1996 Address : Darwiche building, Haret El-Mir area, Zouk Mikael (Kesrouane) Telephone : +961-9-210771 Facsimile : N/A E-mail : N/A Size of staff : 8 Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001 Main owners : Mrs Sara Elias Darwiche Mr Elias Salim Darwiche Mrs Nada William Haswani Mr Salim Elias Darwiche Main executives : Mr Elias Salim Darwiche (managing partner)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Lebanese Tanning Co R.C. number : 7413 Baabda R.C. date : 3 January 1978 Founded : 1978 Address : Ovsep Imasdounian building, Fish market street, Dabbaghate area, Bourj Hammoud (Metn) Telephone : +961-1-261525 Facsimile : +961-1-251887 E-mail : [email protected] Size of staff : 12 Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001 Main owners : Mr Chahe Ovsep Imasdounian Mr Vatche Ovsep Imasdounian Main executives : Mr Chahe Ovsep Imasdounian (managing partner) Mr Vatche Ovsep Imasdounian (managing partner)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Kamel Tanning Sarl R.C. number : 60065 Baabda R.C. date : 21 March 1997 Founded : 1997 Address : 2nd floor, Kamel building, street no. 48, sector no.1, Bourj Hammoud (Metn) Telephone : +961-1-241398 +961-1-241394 Facsimile : +961-1-243426 E-mail : [email protected] Size of staff : 25 Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001 Main owners : Mr Farid Mounir Kamel Mr Mounir Youssef Kamel Mr Karim Mounir Kamel Main executives : Mr Farid Mounir Kamel (managing partner)

Mr Mounir Youssef Kamel (managing partner)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Farhat Tannery R.C. number : 32875 Baabda R.C. date : 30 January 1990 Founded : 1990 Address : Ground floor, Barrage & Debs building, Dabbaghate street, Dora area, Bourj Hammoud (Metn) Telephone : +961-1-261404 Facsimile : N/A E-mail : N/A Size of staff : 8 Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001 Main owners : Mr Antoine Gergis Farhat Main executives : Mr Antoine Gergis Farhat (general manager)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Mokbel for Tannery and Trade Sarl R.C. number : 2006040 Baabda R.C. date : 7 July 2005 Founded : 2005 Address : Mokbel building, Dabbaghate street, Dora area, Bourj Hammoud (Metn) Telephone : +961-1-261107 +961-1-262608 Facsimile : +961-1-262645 E-mail : N/A Size of staff : 16 Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001 Main owners : Mr Rachid Gergi Mokbel Mr William Gergi Mokbel Mr Gilbert Rachid Mokbel Main executives : Mr Rachid Gergi Mokbel (managing partner) Mr William Gergi Mokbel (managing partner)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Conceria Antonio for Trade & Industry Sarl R.C. number : 2010905 Baabda R.C. date : 23 August 2007 Founded : 2007 Address : Ground floor, Barrage & Debs building, Dabbaghate street, Dora area, Bourj Hammoud (Metn) Telephone : +961-3-888480 Facsimile : +961-1-268973 E-mail : N/A Size of staff : 8 Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001 Main owners : Mr Antoine Gergis Farhat Mrs Gladis Elia Daoud Mrs Nour Antoine Farhat Main executives : Mr Antoine Gergis Farhat (managing partner)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Hable Leather Tannery R.C. number : 5001235 Saida R.C. date : 14 August 2007 Founded : 2007 Address : Hable building, Industrial City, Saida Telephone : +961-7-752858 Facsimile : +961-7-755760 E-mail : [email protected] Size of staff : 11 Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001 Main owners : Mr Bilal Omar Hable Main executives : Mr Bilal Omar Hable (general manager)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Tanneries Libano-Espagnole Sal R.C. number : 1071 Saida R.C. date : 17 January 1978 Founded : 1972 Address : Baba building, main road, new industrial area, Ghazieh (Saida) Telephone : +961-7-221933 +961-7-221951 Facsimile : +961-7-223226 E-mail : [email protected] Size of staff : 40 Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001 Main owners : Mr Ahmad Moukhtar Hassan Baba Mr Salaheddine Hassan Baba Mr Moukhtar Ahmad Baba Main executives : Mr Ahmad Moukhtar Hassan Baba (chairman and general manager)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

2.2 Importers There are approximately five enterprises engaged in the import and distribution of tanned leather hides in Lebanon. Imported hides are also sometimes purchased directly by manufacturers of finished leather products from countries of origin, for their own use. As already mentioned, larger tanneries also import tanned leather hides to complement their range of products with articles which they do not manufacture in-house. According to several consulted professional sources, the best quality of imported tanned leather corresponds to Italian origin. According to same sources, South American quality is not adapted or suitable to requirements of the Lebanese market. Main importers of tanned leather hides identified in the framework of the present market survey are the following: Name : Mardini Leather Trade Sarl R.C. number : 57874 Baabda R.C. date : 29 May 1996 Founded : 1996 Address : Ground floor, Block B, Mardini center, Sin Fil/Jdeideh boulevard, Bauchrieh (Metn) Telephone : +961-1-487728 +961-1-487731 +961-1-491111 Facsimile : +961-1-487735 E-mail : [email protected]

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Ets Antoine Mardini pour le Commerce R.C. number : 45679 Baabda R.C. date : 18 March 1993 Founded : 1977 Address : Ground floor, Block B, Mardini center, Sin Fil/Jdeideh boulevard, Bauchrieh (Metn) Telephone : +961-1-487728 +961-1-487731 Facsimile : +961-1-487735 E-mail : [email protected] Name : Hamod Leather Sal R.C. number : 73690 Beirut R.C. date : 27 August 1998 Founded : 1998 Address : 1st floor, Acra & Hamod building, Gergi Zeidane street, Furn Hayeck sector, Beirut Telephone : +961-1-334312 +961-1-334315 Facsimile : +961-1-334312 E-mail : [email protected]

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Cornoyan Corporation Sarl R.C. number : 65285 Baabda R.C. date : 3 March 1999 Founded : 1999 Address : 1st floor, Cornoyan building, Arax street, Bourj Hammoud (Metn) Telephone : +961-1-266842 +961-1-266801 Facsimile : +961-1-269522 E-mail : [email protected] Name : Antoune Michel Abdelmassih First Leather R.C. number : 70341 Baabda R.C. date : 3 December 2001 Founded : 2001 Address : Salah Hojeili building, street no. 21, Dora area, sector no. 1, Bourj Hammoud (Metn) Telephone : +961-3-377151 Facsimile : +961-1-240642 E-mail : N/A

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Société Edmond Barake R.C. number : 32367 Baabda R.C. date : 6 December 1989 Founded : 1989 Address : Barake building, Arax street, Bourj Hammoud (Metn) Telephone : +961-3-971761 Facsimile : N/A E-mail : N/A Name : Hanna Karam & Fils R.C. number : 1622 Beirut R.C. date : N/A Founded : 1943 Address : Ground floor, Versailles building, Abilamaa street, Jdeideh (Metn) Telephone : +961-1-888366 +961-1-891605 +961-1-891609 +961-1-880000 Facsimile : +961-1-883459 E-mail : [email protected] 2.3 Exporters There are no specialized enterprises engaged in the export of tanned leather hides from Lebanon. Larger tanneries export products directly, to the Middle East, Far East, etc., generally without recourse to exporters.

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

2.4 Prices The average price (wholesale price) of tanned leather hides ex-factory or ex-warehouse is: Description Price min. (*) Price max. (*) Corrected $2 $2.85 Full grain $3.50 $5 (*) in $/square foot 2.5 Value of local production Distribution by market (local/export) Basis wholesale price Year 2009 Description Value % Manuf. of shoes & bags $34,320,000 78% Manuf. of furniture $1,760,000 4% Other manufacturers $3,080,000 7% Sub-total local $39,160,000 89% Export $4,840,000 11% Sub-total export $4,840,000 11% Total $44,000,000 100% It is estimated that the value of local production of leather hides has been decreasing during the 1990s, but has been more stable during the past five years.

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

2.6 Value of imports Distribution by origin The value of imports of leather hides into Lebanon excluding furskins, distributed by year and selected countries of origin, is as follows: (In thousand USD) Country/Year 2006 2007 2008 2009 (*) Italy 2,354 1,973 2,602 2,173 Saudi Arabia 2,139 1,579 888 262 Pakistan 295 235 396 274 Spain 316 320 332 353 India 77 45 131 164 Argentina 59 64 130 108 France 82 108 127 95 China 114 43 119 38 Turkey 223 328 109 136 U.S.A. 73 28 44 103 Other 1,480 1,433 1,644 1,864 Total 7,212 6,156 6,522 5,570 Source: Lebanese Customs (*) Until end October 2009 It is estimated that imports of leather hides has been steadily decreasing since the early 1990s. However, the value of imports is expected to be more stable during the next five years, with an average annual value of $6 m.

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

2.7 Value of exports Distribution by destination The value of exports of leather hides from Lebanon excluding furskins, distributed by year and selected countries of destination, is as follows: (In thousand USD) Country/Year 2006 2007 2008 2009 (*) Turkey 2,694 2,653 2,025 312 Hong Kong 1,270 498 1,265 759 Qatar 590 657 560 535 Syria 244 369 549 1,137 India 1,528 117 320 832 Egypt 400 902 279 507 U.A.E. 129 106 180 139 China 2,827 2,146 103 91 Jordan 5 1 24 10 Kuwait 11 45 19 43 Bahrain 1 27 17 2 Saudi Arabia 24 2 14 0 France 1 12 8 5 Argentina 0 0 0 0 Other 108 177 968 208 Total 9,801 7,670 6,268 4,563 Source: Lebanese Customs (*) Until end October 2009 As shown in the above table, the value of exports of leather hides from Lebanon has been regularly decreasing since the 1990s. However, the value of exports is expected to be more stable during the next five years, with an average annual value of $5 m.

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

3. FINISHED LEATHER PRODUCTS 3.1 Manufacturers Main Lebanese manufacturers of finished leather products identified in the framework of the present market survey, and details of their operations, are the following: Name : Red Shoe Sal – Khatib Frères Co R.C. number : 7421 Beirut R.C. date : 6 September 1978 Founded : 1953 Address : Khatib Bros (Red Shoe) building, Wadi El Zayneh area, Sibline (Chouf) Telephone : +961-7-970030 +961-7-970031 Facsimile : +961-1-970034 E-mail : [email protected] Size of staff : 250 Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Main owners : Mr Nagib Ali Khatib Main executives : Mr Nagib Ali Khatib (chairman & general manager) Products : Shoes

Bags Belts Clothing accessories

Other Brands : Red Shoe (shoes for men, ladies & children) Red Shoe (ladies’ handbags and wallets) Red Shoe (leather wear for men) Red Shoe (belts) Import activity : Exist Import countries : Italy, Spain Export activity : Exist Export countries : Middle East, Europe Retail activity : Exist Points of sale : Picadilly center, Hamra street, Hamra sector, Beirut Yachoui building, highway, Jal Dib (Metn) Municipality street, Jounieh (Kesrouane) Tripoli Saida Damascus international road, Chtaura (Zahlé) Main street, Zahlé Bliss street, Ras Beirut sector (Beirut)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Chaussures Regent Sarl R.C. number : 29987 Baabda R.C. date : 4 November 1988 Founded : 1988 Address : Tchaghlassian building, boulevard Dora,

Bauchrieh (Metn) Telephone : +961-1-240740 +961-1-240840 Facsimile : +961-1-240940 E-mail : [email protected] Size of staff : 35 Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001 Main owners : Mr Ibrahim Youssef Maalouf

Mrs Elizabeth Vartkes Ashdjian Main executives : Mrs Elizabeth Vartkes Ashdjian (managing partner)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Products : Shoes

Bags Belts Clothing accessories

Other Brands : Regent (shoes for men & ladies) Regent (handbags for men & ladies) Regent (belts for men & ladies) Import activity : Limited Import countries : Europe Export activity : Exist Export countries : Arab countries Retail activity : Exist Points of sale : BEC tower, autoroute, Jal Dib (Metn) Main road, Bickfaya (Metn) Faubourg St Jean building, Armée street, Route Internationale de Damas, Baabda (Baabda) Hoche El Oumara (Zahlé) Tripoli

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Mondo Market Sarl R.C. number : 37394 Beirut R.C. date : 7 December 1977 Founded : 1977 Address : 1st floor, Mneimneh building, Tamer Mallat

street, Dar El-Fatwa, Mousseitbeh, Beirut Telephone : +961-1-788973/4 +961-1-795901 Facsimile : +961-1-862902 E-mail : [email protected] Size of staff : >20 Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001 Main owners : Mr Toufic Mohamed Saadé Mrs Najwa Mohamed Saadé Mr Hassan Samir Mneimné Main executives : Mr Toufic Mohamed Saadé (managing partner) Mr Hassan Samir Mneimné (managing partner)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Products : Shoes

Bags Belts Clothing accessories

Other Brands : Mario Bruni (shoes and bags) Mondo (shoes) Import activity : Exist Import countries : Italy Export activity : Exist Export countries : Middle East, Arab Gulf countries Retail activity : Exist Points of sale : Mneimneh building, Bourj Abi-Haidar, Mazraa,

Beirut

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Balaa Shoes Sal R.C. number : 16117 Beirut R.C. date : 25 August 1965 Founded : 1965 Address : Ground floor, Rbeiz building, Rachid Nakhlé

street, Zarif sector, Mousseitbeh, Beirut Telephone : +961-1-345134 +961-1-354762 +961-1-364585 Facsimile : +961-1-361990 E-mail : [email protected] Size of staff : 30 Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001 Main owners : Mr Nadim Toufic Balaa Mr Anis Toufic Balaa Mr Mohamed Hani Toufic Balaa Main executives : Mr Toufic Anis Balaa

(chairman & general manager)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Products : Shoes

Bags Belts Clothing accessories

Other Brands : Balaa (shoes for ladies) Balaa (ladies’ handbags) Pierre Cardin (shoes for men) Lyod (shoes for men) Import activity : Exist Import countries : Far East, Europe, Italy, France, Germany,

Brazil, China and United states of America Export activity : Exist Export countries : Middle East Retail activity : Exist Points of sale : BLD building, Maarad street, Nejmeh sector, Beirut Central District Rebeiz & Bekhazi building, Mocdeci street, Hamra sector, Beirut

Balaa building, Mar Elias street, Mousseitbeh sector, Beirut 507 Holiday Tower center, Highway, Dbayeh (Metn)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Société Khalil Yaghi & Fils Sal R.C. number : 73318 Beirut R.C. date : 22 May 1998 Founded : 1998 Address : Sassine square, avenue Elias Sarkis, Achrafieh sector, Beirut Telephone : +961-1-200878 Facsimile : N/A E-mail : [email protected] Size of staff : 20-30 Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001 Main owners : Mr Louis Khalil Yaghi Mr Camille Khalil Yaghi Mr Wassim Khalil Yaghi Main executives : Mr Louis Khalil Yaghi

(chairman & general manager)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Products : Shoes

Bags Belts Clothing accessories

Other Brands : Pretty Shoes (shoes for ladies) Pretty Shoes (ladies’ handbags) Import activity : Exist Import countries : Italy Export activity : Exist Export countries : Arab countries, Middle East Retail activity : Exist Points of sale : Sassine square, avenue Elias Sarkis, Achrafieh sector, Beirut

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Nagib AbdelHussein Hoteit – Hoteit shoes R.C. number : 58342 Beirut R.C. date : 25 March 1991 Founded : 1991 Address : Ground floor, Makassed center, Mar Elias

street, Zarif sector, Beirut Telephone : +961-1-306478 Facsimile : N/A E-mail : [email protected] Size of staff : 10-20 Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001 Main owners : Mr Nagib AbdelHassan Hoteit Main executives : Mr Nagib AbdelHassan Hoteit

(general manager)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Products : Shoes

Bags Belts Clothing accessories

Other Brands : Mocalli (shoes) Import activity : None Import countries : Not applicable Export activity : None Export countries : Not applicable Retail activity : None Points of sale : Not applicable

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Société G. Darcy Leather R.C. number : 2010448 Baabda R.C. date : 11 June 2007 Founded : 2007 Address : Ground floor, Saliba building, Autoroute

Dora, Bauchrieh (Metn) Telephone : +961-3-690246 Facsimile : N/A E-mail : N/A Size of staff : 12 Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001 Main owners : Mr Georges Michel Dersi Main executives : Mr Georges Michel Dersi

(general manager)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Products : Shoes

Bags Belts Clothing accessories

Other Brands : Darcy Import activity : None Import countries : Not applicable Export activity : None Export countries : Not applicable Retail activity : None Points of sale : Not applicable

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Fouad Dersi Trading Company Sarl R.C. number : 2015031 Baabda R.C. date : 24 January 2009 Founded : 2009 Address : Ground floor, Salem building, boulevard

Dora, Bauchrieh (Metn) Telephone : +961-1-265060 Facsimile : N/A E-mail : N/A Size of staff : >1 Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001 Main owners : Mr Fouad Gabriel Dersi Main executives : Mr Fouad Gabriel Dersi

(managing partner)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Products : Shoes

Bags Belts Clothing accessories

Other Brands : N/A Import activity : None Import countries : Not applicable Export activity : None Export countries : Not applicable Retail activity : None Points of sale : Not applicable

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Vienna Shoes Sarl R.C. number : 39664 Baabda R.C. date : 20 January 1992 Founded : 1990 Address : 1st floor, Gergi Hani building, highway

Adonis, Zouk Mosbeh (Kesrouan) Telephone : +961-9-220218/9 Facsimile : +961-9-224984 E-mail : [email protected] Size of staff : 20-30 Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001 Main owners : Mr Fadi Gergi Hani Hany’s Holding Sal Main executives : Mr Fadi Gergi Hani

(managing partner)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Products : Shoes

Bags Belts Clothing accessories

Other Brands : Vienna (ladies’ shoes & bags) Import activity : Exist Import countries : Italy, Spain, Portugal Export activity : Exist Export countries : Arab countries, Middle East Retail activity : Exist Points of sale : The Atrium building, Maarad street, Nejmeh sector, Beirut Central District

Ground floor, Vienna building, Off-Highway, Sarba (Kesrouane)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Zohrab Leon Torossian Etablissement Torossian Pour L’industrie & Le

Commerce – Lena Belts & Bags R.C. number : 60576 Baabda R.C. date : 13 June 1997 Founded : 1997 Address : Ground floor, Torossian building, Off road

Bickfaya, Hbous (Metn) Telephone : +961-4-928944 +961-4-921959 Facsimile : +961-4-928975 E-mail : [email protected] Size of staff : 3 Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001 Main owners : Mr Zohrab Leon Torossian Main executives : Mr Zohrab Leon Torossian

(general manager)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Products : Shoes

Bags Belts Clothing accessories

Other Brands : Lena belts (belts for men, ladies) Import activity : Exist Import countries : Italy, Spain Export activity : Exist Export countries : Middle East, United Arab Emirates, Saudi Arabia Retail activity : None Points of sale : Not applicable

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Maestro Co for Industry & General Trade Sarl R.C. number : 40917 Baabda R.C. date : 9 April 1992 Founded : 1992 Address : 1st basement, Dar El-Mahabba building,

Kafa’at, Hadath (Baabda) Telephone : +961-5-464360 +961-5-467528 Facsimile : +961-5-460360 E-mail : [email protected] Size of staff : >1 Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001 Main owners : Mr Hassan Abbas Rayes Main executives : Mr Hassan Abbas Rayes

(managing partner)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Products : Shoes

Bags Belts Clothing accessories

Other Brands : N/A Import activity : Exist Import countries : Italy, Pakistan, Europe Export activity : Exist Export countries : Middle East Retail activity : None Points of sale : Not applicable

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Leather Goods Sarl H and V R.C. number : 69223 Baabda R.C. date : 23 April 2001 Founded : 2001 Address : 3rd floor, Maalouf building, Mar Maroun

street, Dora, Bauchrieh (Metn) Telephone : +961-1-269412 +961-1-250557 Facsimile : +961-1-250557 +961-1-269412 E-mail : N/A Size of staff : 10-20 Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001 Main owners : Mr Vartan Guiragos Keferian Main executives : Mr Vartan Guiragos Keferian

(managing partner)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Products : Shoes

Bags Belts Clothing accessories

Other Brands : H & V Import activity : None Import countries : Not applicable Export activity : None Export countries : Not applicable Retail activity : None Points of sale : Not applicable

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Golden Crown R.C. number : 18660 Beirut R.C. date : 7 April 1967 Founded : 1967 Address : 1st floor, Nassim Maroun building, Highway,

Wata Amaret Chalhoub (Metn) Telephone : +961-1-891904 Facsimile : +961-1-891904 E-mail : [email protected] Size of staff : N/A Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001 Main owners : Mr Mounir Chafic Abi-Saad Main executives : Mr Mounir Chafic Abi-Saad

(general partner)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Products : Shoes

Bags Belts Clothing accessories

Other Brands : N/A Import activity : Exist Import countries : Italy, Germany, Switzerland Export activity : Exist Export countries : Middle East, Western Europe, United States,

Canada Retail activity : None Points of sale : Not applicable

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Bassam Ibrahim Massalkhi Farchoukh Samo Belt R.C. number : 37835 Baabda R.C. date : 30 September 1991 Founded : 1991 Address : 4th floor, Wehbé building, Roundabout

Kafa’at, Hadath (Baabda) Telephone : +961-5-466020 Facsimile : +961-5-461686 E-mail : [email protected] Size of staff : N/A Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001 Main owners : Mr Bassam Ibrahim Massalkhi Farchoukh Main executives : Mr Bassam Ibrahim Massalkhi Farchoukh

(general manager)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Products : Shoes

Bags Belts Clothing accessories

Other Brands : Panucci Vianalli Giacomo Import activity : None Import countries : Not applicable Export activity : None Export countries : Not applicable Retail activity : Exist Points of sale : 1st basement, Wehbé building, Roundabout

Kafa’at, Hadath (Baabda)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Scarbina Sarl R.C. number : 72183 Baabda R.C. date : 10 July 2002 Founded : 2002 Address : Fares Kabalan building, Mar Maroun street, Dora area, Bauchrieh (Metn) Telephone : +961-1-902291 +961-1-244904 Facsimile : +961-1-244904 E-mail : [email protected] Size of staff : 15 Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001 Main owners : Mr Chaibane Nicolas Gergis Mr Naim Nicolas Gergis Mr Sami Nicolas Gergis Main executives : Mr Naim Nicolas Gergis (general manager)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Products : Shoes

Bags Belts Clothing accessories

Other Brands : Scarbina (ladies’ shoes & handbags) Import activity : None Import countries : Not applicable Export activity : None Export countries : Not applicable Retail activity : Exist Points of sale : Ground floor, Developers Tower, New Jdeideh street, Jdeideh (Metn) JM Plaza building, Dunant street, Snoubra sector, Beirut

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Sevan Arakel Kapranian Sevana Shoes R.C. number : 47053 Baabda R.C. date : 4 June 1993 Founded : 1993 Address : 2nd floor, Boulghourjian building, Industrial City, Bauchrieh (Metn) Telephone : +961-1-497268 Facsimile : +961-1-488897 E-mail : N/A Size of staff : N/A Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001 Main owners : Mrs Siwane Arakel Kapranian Main executives : Mrs Siwane Arakel Kapranian (general manager)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Products : Shoes

Bags Belts Clothing accessories

Other Brands : N/A Import activity : None Import countries : Not applicable Export activity : None Export countries : Not applicable Retail activity : None Points of sale : Not applicable

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Souliers Gérard R.C. number : 38304 Beirut R.C. date : 8 April 1978 Founded : 1978 Address : 1st floor, Barsoumian building, Municipality street, Bourj Hammoud (Metn) Telephone : +961-1-256222 +961-1-256333 Facsimile : +961-1-256111 E-mail : [email protected] Size of staff : 30 Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001 Main owners : Mr Jirair Vahram Barsoumian Mr Ara Vahram Barsoumian Main executives : Mr Jirair Vahram Barsoumian (managing partner) Mr Ara Vahram Barsoumian (managing partner)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Products : Shoes

Bags Belts Clothing accessories

Other Brands : N/A Import activity : None Import countries : Not applicable Export activity : None Export countries : Not applicable Retail activity : Exist Points of sale : Ghanem building, Hamra street, Hamra sector, Beirut Azar building, Abdelwahab El Inglizi street, Yassouieh sector, Beirut Cite Moussa center, main street, Zalka (Metn)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Raja & Georges L Wehbé Rima Sac R.C. number : 13468 Baabda R.C. date : 15 January 1982 Founded : 1972 Address : Barake building, Arax street, Nor Marache area, Bourj Hammoud (Metn) Telephone : +961-1-264018 +961-1-253161 Facsimile : +961-1-264018 E-mail : N/A Size of staff : 10 Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001 Main owners : Mr Raja Labib Wehbé Main executives : Mr Raja Labib Wehbé (managing partner)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Products : Shoes

Bags Belts Clothing accessories

Other Brands : Paris Mode (ladies’ shoes & bags) Import activity : Exist Import countries : Italy Export activity : Exist Export countries : Middle East, Arab countries Retail activity : Exist Points of sale : Al Ain center, Hadath (Baabda) Barake building, Arax street, Nor Marache area, Bourj Hammoud (Metn)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

3.2 Importers Main importers of finished leather products identified in the framework of the present market survey, and details of their operation, are the following: Name : Milord R.C. number : 12190 Beirut R.C. date : 19 November 1962 Founded : 1961 Address : Ground floor, Choueiri building, Chucri Assaly street, Furn Hayeck sector, Beirut Telephone : +961-1-201417 +961-1-321267 E-mail : [email protected] Size of staff : 11 Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Main owners : Mr Gebrael Gergis Amm Mr Nadim Gebrael Amm Main executives : Mr Gebrael Gergis Amm (managing partner) Mr Nadim Gebrael Amm (managing partner) Products : Shoes

Bags Belts Clothing accessories

Other Brands : Le Tanneur (leather products, France) Soco (ladies’ handbags, France) Cerruti 1881 (leather products, Italy) Picard (leather products, Germany) Pratesi (leather products, Italy) Munari (leather products, Italy) Cepi (leather products, Italy) Pierre Balmain (leather products, France) Charles Jourdan (leather products, France) Guy Laroche (leather products, France) Olop (crocodile goods, Italy) Lorenzi Modesto (leather products, Italy) Prestige (leather products, Lebanon) S.T. Dupont (leather products, France) L’Agenda Moderne (leather products, France) Import countries : France, Italy, Germany, United Kingdom Manufacturing activity : None Retail activity : Exist Points of sale : ABC department store, highway, Dbayeh (Metn) Level 0, ABC Mall, Alfred Naccache street, Mar Mitr sector, Beirut Ground floor, Choueiri building, Chucri Assaly street, Furn Hayeck sector, Beirut

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Name : Pointure Sal R.C. number : 63496 Baabda R.C. date : 3 August 1998 Founded : 1985 Address : Ground floor, Pointure building, street no. 15, New Naccache area, Antelias (Metn) Telephone : +961-4-444411 +961-4-405425 E-mail : [email protected] Size of staff : 83 Sales turnover range : < $100,000

$100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

$1,000,001 - $3,000,000 $3,000,001 - $5,000,000

$5,000,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $25,000,000

$25,000,001 - $35,000,000 $35,000,001 - $50,000,000

$50,000,001 - $75,000,000 $75,000,001 - $100,000,000 $100,000,001 - $150,000,000

$150,000,001 - $250,000,000 > $250,000,001

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Main owners : Mr Antoine Karam Saliba Mr Joseph Karam Saliba Mr Elias Karam Saliba Mr Gabi Karam Saliba Main executives : Mr Antoine Karam Saliba (chairman & general manager) Products : Shoes

Bags Belts Clothing accessories

Other Brands : Pointure (footwear, clothing, & accessories retail shops, Lebanon) Casadei (ladies’ shoes, Italy) Strategia (ladies’ shoes, Italy) Gianni Versace (ladies’ & men’s shoes, bags & clothing, Italy) JC de Castelbajac (clothing, Italy) Alberto Guardiani (ladies’ & men’s shoes, Italy) Class Roberto Cavalli (ladies’ & men’s clothing, Italy) Missoni M (ladies’ clothing, Italy) Richmond X (ladies’ & men’s clothing, Italy) Liu Jo (ladies’ clothing, Italy) Unisa (ladies’ shoes) Barbara Bui (ladies’ clothes, shoes & bags) Marithe Francois Girbaud (ladies’ & men’s clothing) Paola Frani (ladies’ clothing) Plein Sud (ladies’ clothing) Pepe Jeans (ladies’ & men’s clothing) Noth Sail (men’s clothing) Coast, Weber and Ahaus (ladies’ & men’s clothing) 1881 Cerruti (ladies’ & men’s clothing) Corneliani (men’s clothing) Moncler (ladies’ & men’s clothing) Emporio Armani (ladies’ & men’s shoes & bags, Italy) Marina Yachting (men’s clothing) Viktor & Rolf (ladies’ shoes & bags)

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

Joseph (ladies’ clothing & bags) Love Moschino (ladies’ & men’s clothing, shoes & bags, Italy) John Galliano (ladies’ shoes, Italy) Import countries : Italy, Spain, U.S.A., France Manufacturing activity : None Retail activity : Exist Points of sale : Fahed center, Kaslik area, Sarba (Kesrouane) Pointure building, New Naccache area, Antelias (Metn) Verdun 732 center, Rachid Karameh street, Dar Al Fatwa sector, Beirut Mar Mitr street, Mar Mitr sector, Beirut

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

3.3 Value of imports Distribution by origin The value of imports of finished leather products into Lebanon, distributed by year and selected countries of origin, is as follows: (In thousand USD) Country/Year 2006 2007 2008 2009 (*) China 12,916 15,672 20,964 20,783 Italy 10,145 12,770 16,509 14,540 France 2,040 2,114 2,725 2,348 India 1,790 1,485 1,663 1,756 Turkey 935 1,097 1,571 1,172 Spain 887 1,271 764 917 U.S.A. 259 166 485 649 Pakistan 148 308 274 293 Argentina 54 64 68 46 Saudi Arabia 21 0 2 0 Other 3,329 3,117 4,186 3,968 Total 32,524 38,064 49,211 46,472 Source: Lebanese Customs (*) Until end October 2009

________________________________________________________________________________ Embassy of Argentina. Leather. Feb. 2010.

3.4 Value of exports Distribution by destination The value of exports of finished leather products from Lebanon, distributed by year and selected countries of destination, is as follows: (In thousand USD) Country/Year 2006 2007 2008 2009 (*) U.A.E. 1,046 1,173 1,459 842 Saudi Arabia 541 404 430 346 Bahrain 291 206 400 129 France 336 271 358 123 Jordan 228 275 354 326 Qatar 160 378 319 136 Syria 60 195 235 107 Kuwait 170 281 166 128 Egypt 14 26 86 23 Turkey 3 7 27 2 India 7 2 10 0 China 60 1 0 0 Hong Kong 8 13 0 0 Argentina 0 0 0 0 Other 786 1,125 1,124 829 Total 3,710 4,357 4,968 2,991 Source: Lebanese Customs (*) Until end October 2009