IDENTIFICATION DETAILS

Name :	EMANUEL SOMECH

Registered Office :	35 Ben Gurion Street Herzliya 46420 Israel

Date of Incorporation :	1970

Legal Form :	Sole proprietorship

Line of Business :	Importers and marketers of carpets and parquets

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

Payment Behaviour :	Regular

Litigation :	Clear

NAME & ADDRESS

EMANUEL SOMECH

Telephone 72 9 957 94 22

Fax 72 9 957 94 22

35 Ben Gurion Street

HERZLIYA 46420 ISRAEL

HISTORY

A sole proprietorship, established in 1970. License Dealer number 012604534.

OWNER AND GENERAL MANAGER

Emanuel Somech.

BUSINESS

Importers and marketers of carpets and parquets.

Also carrying out parquet works.

Among clients: WINTER, SBA, OLIMPIA, CONCEPT, HIMI, etc.

Operating from rented premises, on an area of 100 sq. meters, in 35 Ben Gurion street, Herzliya, and from a key money warehouse, on an area of 110 sq. meters, in 33 Allenby street, Tel Aviv.

Having 2 employees.

MEANS

Stock is valued at several hundreds of thousands of NIS.

ANNUAL SALES

2004 sales claimed to be NIS 1,400,000.

2005 sales claimed to be NIS 1,500,000.

BANKERS

Bank Leumi LeIsrael B.M., Trumpeldor branch (no. 807), Tel Aviv, account no. 449500/37.

Mercantile Discount Bank Ltd., Hashalom branch (no. 672), Tel Aviv, account no. 80101.

A check with the central bank database did not reveal anything detrimental on subject’s a/m accounts.

CHARACTER AND REPUTATION

Nothing unfavorable learned.

Subject is long established.

SUMMARY

Maximum unsecured credit recommended US$ 10,000.

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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