MIRA INFORM REPORT

 

 

Report Date :

4th November 2006

 

IDENTIFICATION DETAILS

 

Name :

FAHRENHEIT HOLDING B.V. AMSTERDAM (NL)

 

 

Registered Office :

Rheinweg 7

8212 Neuhausen am Rheinfall/SH

Switzerland

 

 

Country :

Switzerland

 

 

Financials (as on) :

31/12/2005

 

 

Date of Incorporation :

07-10-2004

 

 

Legal Form :

Joint stock company

 

 

Line of Business :

Engaged in trading International commodities

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

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

 

 

 

 

Overall assessment:

300

 

 

Detail assessment:

Payments:

 

There are no complaints about the mode of payment and business conduct.

 

 

Individual credit limit*:

EUR 12.000.--

 

 

 

Name

 

Fahrenheit Holding B.V. Amsterdam (NL), Neuhausen a.Rhf Branch

 

 

Legal domicile

 

Rheinweg 7

8212 Neuhausen am Rheinfall/SH

Switzerland

Telephone:            052 6340808

                     

 

CREDIT ADVICE

 

Credit opinion:       A maximum credit amount of EUR 12.000 can be taken into consideration.

 

This credit advice is based on information available at the time of conducting the research, being the above indicated date.

 

All amounts in this report are given in Swiss Francs (CHF) unless otherwise stated.

 

 

GENERAL COMPANY DATA

 

OFFICIAL DATA:

Legal form:                    Joint stock company

Registration:                   07-10-2004

First Publication:            13-10-2004

Last Publication:            21-03-2006

Created by:                   The company was newly established.

Share capital:                EUR 27.450

Paid up:                        EUR 18.045

           

Head office:                   Fahrenheit Holding BV, Amsterdam, Netherlands/NL.

Registered name            07-04-2005 Fahrenheit Holding B.V. Amsterdam

(NL), Neuhausen a.Rhf Branch

Previous   Fahrenheit Holding B.V. Amsterdam

(NL), Zweigniederlassung

Schaffhausen

 

Registered translations of the Company name:

English                         Fahrenheit Holding B.V. Amsterdam

(NL), Branch Schaffhausen

French                          Fahrenheit Holding B.V. Amsterdam

 

 

 

(NL), Succursale de Schaffhausen

Registered domicile        01-04-2005, 8212 Neuhausen/SH

Previous, 8200 Schaffhausen/SH

 

ACTIVITY:

Line of business:            International commodities trading

Sector:                          Wholesale

 

Activity:

The scope of business encompasses the international trading of commodities, minerals and metals.

 

 

Trading area: International, Foreign/Abroad

 

 

EMPLOYEES:

Number of employees:  1

 

 

PAYMENT AND FINANCIAL DATA

 

PAYMENT EXPERIENCES:

 

Legal actions:                 Information only available against proof of interest with a valid signature.

 

There are no complaints about the mode of payment and business conduct.

 

Since all the business activities are conducted outside Switzerland, there is however a lack of comprehensive experience as regards the payment conduct. For large-scale financial transactions the company should therefore be capable of providing appropriate capital guarantees or sureties.

 

FINANCIAL DATA:

 

Financial position:          The financial situation of the company is considered satisfactory.

 

Financial Statements:    The company does not disclose any financial statements.

 

For third parties is however impossible to gain any detailed inisight into the financial affairs.

 

Consolidated key figures (in USD 1.000):

 

Makhteschim - Agan Industries

    31.12.2005

12 Months

Sales                  1'740'717.0

Operating Profit/Loss    330'405.0

Depreciation              95'964.0

Profit/Loss              204'828.0

Cash-Flow                183'158.0

Research/Development      20'628.0

Shareholder funds      1'134'187.0

Balance sheet total    2'131'269.0

 

Banker(-s):                    UBS Ltd, 8200 Schaffhausen

 

Premises:                     The premises at the above mentioned address are rented.

 

Real estate property: No real estate is owned.

 

 

COMPANY AND PERSON RELATIONS

 

COMPANY CONNECTIONS:

 

Head office:                   Fahrenheit Holding BV, Amsterdam, Netherlands/NL.

 

Ultimate Parent com.:    Makhteshim-Agan Industries Ltd., Tel Aviv, Israel/IL.

 

Makhteshim-Agan Industries Ltd. (M.A.I.) is listed on the Tel Aviv Stock Exchange. The latter is in turn a subsidiary of Koor Industries, the world's leading generic manufacturer and distributor of crop protection

products. Makhteshim-Agan sells its crop protection products in over 100 countries.

 

Investments:                  None.

 

 

MANAGEMENT:

Louis Fricot, from Netherlands, in

Amstelveen/Netherlands,

General Manager, collective signature.

Nissim Konforty, from Israel, in

Schaffhausen/SH/Switzerland,

General Manager, collective signature limited to the Branch.

 

Dan Peer, from Israel, in Bruessel/Belgium,

General Manager, collective signature.

Bert van Kampen, from Netherlands, in

Schaffhausen/SH/Switzerland,

Director, collective signature.

 

PERSONNEL INFORMATION:

Nissim Konforty is married to Aviva and lives at the address

Voegelingaesschen 50, 8200 Schaffhausen.

 

Bert Van Kampen is resident at the Jaegerstrasse 22 in 8200 Schaffhausen.

 

There are no detrimental reports on the responsible persons' business conduct.

 

 

 

 

 

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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

 

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