MIRA
INFORM REPORT
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Report Date : |
25th
May 2006 |
IDENTIFICATION
DETAILS
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Name : |
GERSHON SPICES LTD. |
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Registered Office : |
P.O Box 1358 Rehovot Industrial Zone Kanot 76112 Israel |
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Country : |
Israel |
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Financials (as on) : |
2006 |
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Date of Incorporation : |
9.7.1995. |
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Legal Form : |
Private limited company |
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Line of Business : |
Importers and marketers
of spices (90% of activities) and rice |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
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 : |
Usually
Correct |
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Litigation : |
Clear |
NAME & ADDRESS
GERSHON SPICES LTD.
Telephone 972 8 868 02 44
Fax 972 8 936 25 24
P.O Box 1358 Rehovot
Industrial Zone
KANOT 76112 ISRAEL
HISTORY
A private limited company,
registered as per file No. 51-217430-1 on 9.7.1995.
SHARE
CAPITAL
Authorized share capital
NIS 23,500.00, divided into –
23,500 ordinary shares of
NIS 1.00 each, of which shares amounting to NIS 100.00 were issued.
SHAREHOLDERS
1. David Gershon, 51%,
2. Ms. Shirly Gershon, 49%.
GENERAL
MANAGER
David Gershon.
BUSINESS
Importers and marketers of
spices (90% of activities) and rice.
All of subject suppliers
are foreign.
Operating from rented
premises, on an area of 500 sq. meters, in the Kanot industrial zone.
Having 7 employees.
MEANS
Financial data not
forthcoming.
There are 7 charges for
unlimited amounts registered on the company’s assets, in favor of local banks.
ANNUAL
SALES
2004 sales claimed to be
NIS 12,000,000.
2005 sales claimed to be
NIS 12,000,000.
January – April 2006 sales
claimed to be NIS 4,000,000.
BANKERS
The First International
Bank of Israel Ltd., Rehovot branch (no. 029),
Union Bank of Israel Ltd.,
Rehovot branch (no. 093).
CHARACTER
AND REPUTATION
Nothing unfavorable learnt.
SUMMARY
Maximum unsecured credit
recommended US$ 75,000.
RATING EXPLANATIONS
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RATING |
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 |