MIRA INFORM REPORT
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Report Date : |
8th May 2006 |
IDENTIFICATION DETAILS
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Name : |
GOLYAN GIFTS LTD. |
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Registered Office : |
31
Hahalutzim Street TEL AVIV 66523 ISRAEL |
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Date of Incorporation : |
1989 |
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Legal Form : |
Private limited company |
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Line of Business : |
Importers and marketers of gifts and household
goods. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
RATING
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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 : |
Regular |
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Litigation : |
Clear |
NAME & ADDRESS
GOLYAN GIFTS LTD.
Telephone 972 3 681 91 14
Fax 972 3 682 62 21
31 Hahalutzim Street
TEL AVIV 66523 ISRAEL
HISTORY
Originally established
in 1989 as a sole proprietorship under the name GOLYAN MORRIS GIFTS.
Converted into a
private limited company, incorporated as per file No.
51-277210-4 on the
26.4.1999.
SHARE CAPITAL
Authorized share
capital NIS 36,000.00, divided into –
6,000 control shares,
30,000 ordinary
shares, all of NIS 1.00 each, of which shares amounting to NIS 201.00 were
issued.
SHAREHOLDERS
1. Morris Golyan,
2. Ms. Miriam Golyan,
holding 1 single share.
SOLE DIRECTOR AND GENERAL MANAGER
Morris Golyan.
BUSINESS
Importers and marketers
of gifts and household goods.
Among clients:
SHESHET, LIBERO, TZUGAT RECNA, etc.
Local agents of
VITRION, of Spain,
CACIUS, of Portugal.
Operating from
premises owned by the shareholders, on an area of 220 sq. meters, in 31
Hahaluthiz street, Tel Aviv, and from a rented warehouse, on an area of 1,000
sq. meters, in Zeitan.
Having 13 employees.
MEANS
Stock is valued at NIS
2,000,000.
There are 3 charges
for unlimited amounts registered on the company's assets, in favor of Bank
Leumi LeIsrael B.M. and Israel Discount Bank Ltd.
ANNUAL SALES
2004 sales claimed to
be NIS 14,000,000.
2005 sales claimed to
be NIS 14,000,000.
OTHER COMPANIES
MORRIS GIFTS LTD.
BANKERS
Bank Leumi LeIsrael
B.M., Florentine branch (no. 805), Tel Aviv.
Israel Discount Bank
Ltd., Kikar Hamoshavot branch (no. 014), Tel Aviv.
CHARACTER AND REPUTATION
Nothing unfavorable
learnt.
SUMMARY
Maximum unsecured credit recommended US$ 75,000.
RATING EXPLANATIONS
RATING
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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 |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively below average/normal. |
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 |