MIRA
INFORM REPORT
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Report Date : |
13th
November, 2006 |
IDENTIFICATION
DETAILS
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Correct Name : |
AMID MAINTENANCE & PRINTING SERVICES
LTD. |
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Registered Office : |
P.O.
Box 167 (Ma'alot 21011), New Peqi'in 67770 Israel |
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Country : |
Israel |
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Date of Incorporation : |
26.12.1996 |
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Com. Reg. No.: |
51-241719-7 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
A printing mill, for printing on flexible food
packaging, mostly snacks packaging. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company Name
AMID PACKAGING LIMIT
Correct Name & Address
AMID
MAINTENANCE & PRINTING SERVICES LTD.
Telephone :972 4 987 31 94
Fax :972 4 987 31 93
P.O.
Box 167 (Ma'alot 21011)
NEW
PEQI'IN 67770 ISRAEL
HISTORY
A
private limited company, incorporated as per file No. 51-241719-7 on the
26.12.1996.
SHARE CAPITAL
Authorized
share capital NIS 431,300.00, divided into:
431,300
ordinary shares, of NIS 1.00 each, of which shares amounting to NIS 430,100.00
were issued.
SHAREHOLDERS
Subject is fully owned by Mordechai Turgeman.
DIRECTORS
1. Mordechai
Turgeman – General Manager,
2. Ms.
Clara Turgeman.
BUSINESS
A printing mill, for printing on flexible food
packaging, mostly snacks packaging.
Manufacturing is shifted to affiliated company AMID
DAVID 2006 LTD.
Main client is AMID DAVID 2006 LTD.
Among suppliers
are: JOLIBAR FILMTECHNICS PRODUCTS, DOR FILM, GADOT, etc.
Operating
from premises, offices, plant and warehouse, owned by the shareholder, on an
area of 1,700 sq. meters in the village New Peqi'in (a locality in the north of
the country).
Having
20 employees.
MEANS
Current stock is valued at NIS
300,000.
Other financial data not
forthcoming.
There are 7 charges for unlimited amounts
registered on the company’s assets, in favor of local banks and the State of
Israel.
ANNUAL SALES
2005
sales claimed to be NIS 12,000,000.
First
10 months of 2006 sales claimed to be NIS 10,000,000.
OTHER COMPANIES
AMID DAVID 2006 LTD., owned by
Mordechai Turgeman's son and his son-in-law, manufacturers and marketers of
flexible packaging.
BANKERS
Mercantile
Discount Bank Ltd., Meillia Branch (No. 625), Meillia.
CHARACTER AND REPUTATION
Nothing
unfavorable learned.
There
are some 120 packaging production plants in Israel, directly employing 9,500
employees.
According to the Chairman of the Packaging
and Design Institute the branch sales in 2006 expected to increase by 4%
comparing to 2005 and reach
US$ 1.2 billion, of which US$ 310 million are exports (11% increase).
SUMMARY
Dealings are recommended on a secured basis.
NOTE:
subject's correct postal box number (167, not 107)
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 |
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NR |
In view of the lack of information, we have
no basis upon which to recommend credit dealings |
No Rating |
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