IDENTIFICATION DETAILS

Name :	M.S SAGIV (2000) FOOD MARKETING LTD.

Registered Office :	3 Hamaapilim Street KIRYAT ATA 28228 ISRAEL

Date of Incorporation :	20.6.2000.

Legal Form :	Private limited company

Line of Business :	Importers and marketers of raw materials for the bakery branch

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Inactive from 01/04/2006

Payment Behaviour :	--

Litigation :	--

NAME & ADDRESS

M.S SAGIV (2000) FOOD MARKETING LTD.

Telephone 972 4 872 44 14

Fax 972 4 842 37 29

3 Hamaapilim Street

KIRYAT ATA 28228 ISRAEL

HISTORY

A private limited company, registered as per file No. 51-297006-2 on the 20.6.2000.

On 1.4.2006, subject sold all its activities to its affiliate, SHARON PURATUS LP.

Following that, subject became non active.

SHARE CAPITAL

Authorized share capital NIS 39,110.00, divided into –

10 management shares, 39,100 ordinary shares, all of NIS 1.00 each, of which shares amounting to NIS 3,005.00 were issued.

SHAREHOLDERS

1. SHARON LABORATORIES LTD., 50% of ordinary shares and 60% of management shares, controlled by Dan Sommerfeld,

2. Shalom Ben Shushan, 32.5% of ordinary shares and 20% of management shares,

3. NEWPRAXIS HOLDINGS LTD., 17.5% of ordinary shares and 20% of management shares, controlled by Lior Maman.

DIRECTORS

1. Shalom Ben Shushan, General Manager,

2. Asaf Burstein,

3. Dan Sommerfeld,

4. Gavriel Dekordovi.

BUSINESS

Were importers and marketers of raw materials for the bakery branch.

Operating from premises owned by the shareholders, on an area of 1,000 sq. meters, in 3 Hamaapilim street, Kiryat Ata.

Having no employees (had 25 until April 2006).

MEANS

Financial data not forthcoming.

There are 4 charges for unlimited amounts registered on the company's assets, in favor of Bank Leumi LeIsrael B.M.

ANNUAL SALES

2005 sales claimed to be NIS 30,000,000.

First quarter of 2006 sales claimed to be NIS 7,500,000.

OTHER COMPANIES

SHAROM PURATUS LP, 55% controlled by SHARON LABORATORIES, Manufacturers, exporters and marketers of raw materials and additives for the baking field.

SHARON LABORATORIES LTD., manufacturers, marketers and exporters of chemicals and food additives for the food industry.

EREZ CHEMICAL LABORATORIES LTD., non active,

ESHED LABORATORIES LTD., non active,

HALLER JOSEPH (1985) MARKETING LTD. - non active.

HANAHTOM A.M.I.-FOOD INDUSTRIES LTD., 50%, manufacturers of margarine, 2001 sales claimed to be NIS 12,000,000.

GAZTOV INDUSTRIES LTD.,

BANKERS

Bank Leumi LeIsrael B.M., Ashdod.

CHARACTER AND REPUTATION

Subject officials confirmed that subject sold all of its activities to SHARON PURATUS LP on 1.4.2006, and that currently the company is in closing stages (although they are still handling all imports and orders prior to 1.4.2006).

SUMMARY

No dealings with subject.

Dealings are recommended with the active partnership, SHARON PURATUS LP.

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.	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

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