MIRA
INFORM REPORT
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Report Date : |
31.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
ABD ELHAI TEXTILE LTD. |
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Registered Office : |
P. O. Box 2108, Tira 44915 |
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Country : |
Israel |
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Date of Incorporation : |
1994 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers and marketers of home textile and household goods, including
towels, fabrics, blankets, sheets, etc. |
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 |
Correct Name &
address
ABD ELHAI TEXTILE LTD.
P.O. Box 2108
TIRA 44915 ISRAEL
Telephone 972 9 793 08 69
Cellular 972 54 599 53
60
Fax 972 9 793 08
69
Trade name
EXTEX INTERNATIONAL TRADE LIMITED
HISTORY
Originally established as a sole proprietary firm in 1994.
Converted into a private limited company and registered as such as per
file No. 51-335114-8 on the 30.12.2002.
SHARE CAPITAL
Authorized share capital NIS 32,100.00, divided into - 32,100 ordinary
shares of NIS 1.00 each, fully issued.
SHAREHOLDERS
Subject is fully owned by Majdi Abd Elhai.
SOLE DIRECTOR AND
GENERAL MANAGER
Majdi Abd Elhai.
BUSINESS
Importers and marketers of home textile and household goods, including towels,
fabrics, blankets, sheets, etc.
Sales are mainly to private retail chains and wholesalers.
Most purchasing is from import.
Operating from rented premises, a 3-story
building on an area of 1,400 sq. meters, in Tira, a town in the center of the
country, near Kfar Sava.
Having 5 employees.
MEANS
Current stock in value at NIS 400,000.
Other financial data not forthcoming.
There are 3 charges for unlimited amounts registered on the company's
assets, in favor of Bank Leumi LeIsrael Ltd.
ANNUAL SALES
2005 sales claimed to be NIS 2,000,000.
2006 sales claimed to be NIS 2,000,000.
BANKERS
Bank Leumi LeIsrael Ltd., Tira Hameshulash Branch (No. 980), Tira.
Bank Hapoalim Ltd., Tira Hameshulash Branch (No. 506), Tira.
CHARACTER AND
REPUTATION
Nothing unfavorable learned.
SUMMARY
Good for trade engagements.
Maximum unsecured credit recommend US$ 12,000.
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 |
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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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)