MIRA
INFORM REPORT
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Report Date : |
09.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
SONELA LIMITED |
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Registered Office : |
6 Hanagar Street, Industrial Zone, Kfar Saba – 44425 |
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Country : |
Israel |
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Financials (as on) : |
2006 |
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Date of Incorporation : |
17.4.1994 |
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Com. Reg. No.: |
51-196160-9 |
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Legal Form : |
A private limited company |
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Line of Business : |
Importers and
marketers of clothes |
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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Maximum Credit Limit : |
US$ 30,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Name & Address
SONELA LTD.
6 Hanagar Street
Industrial Zone
KFAR SABA – 44425
ISRAEL
Telephone - 972 9
768 76 71
Fax - 972 9 768 76 23
HISTORY
A private limited company,
incorporated as per file No. 51-196160-9 on the 17.4.1994.
SHARE CAPITAL
Authorized share
capital NIS 23,800.00, divided into: 20
management shares, 23,780 ordinary shares, all of NIS 1.00 each, of which
shares amounting to NIS 200.00 were issued.
SHAREHOLDERS
Subject
is fully owned by Ofir Ben-Aharon.
SOLE DIRECTOR AND
GENERAL MANAGER
Ofir Ben-Aharon.
BUSINESS
Importers and
marketers of clothes
Main clients (85% of
sales) are local largest supermarket/retail chain stores BLUE SQUARE (CO-OP)
and SUPERSOL.
All of subject
suppliers are foreign.
Imports are from
India and China.
Operating from
rented premises (office and warehouse), on an area of 370 sq. meters, in 6
Hanagar Street, Industrial Zone, Kfar Saba, and from an office at the private
residence of the shareholder, in 7 Nordau Street, Ramat Hasharon.
Having 4 employees
(had 2 employees in mid 2006).
MEANS
Stock volume is
based on orders (was valued at NIS 300,000 in mid 2006).
There are 3
charges for unlimited amounts registered on the company's assets, in favor of
Mizrahi Tefahot Bank Ltd.
ANNUAL SALES
2005 sales claimed
to be NIS 4,000,000.
2006 sales claimed
to be NIS 5,000,000.
OTHER COMPANIES
SONELA IMPORT
& MARKETING 2006 LTD., 100% owned by Ofir Ben Aharon, holding a patent for
cooling device in babies/children strollers.
BANKERS
Mizrahi Tefahot
Bank Ltd., Ramat Hasharon Branch (No. 472), Ramat Hasharon, account No. 263717.
A check with the Central Bank’s database did
not reveal any negative information regarding subject’s a/m account.
CHARACTER AND
REPUTATION
Nothing
unfavorable learned.
According to the
Central Beureau of Statistics reports, the private expenditure in 2006 on clothing,
footware and personal effects rose by 7.1% comparing with 2005.
In 2005, value of
sales of the textile and apparel in the retail and marketing chains increased
by 14.7% comparing to 2004, through some 60 local fashion chain stores,
operating over 1,000 stores countrywide and other some 2,600 independent
fashion stores.
SUMMARY
Maximum unsecured credit recommended US$ 30,000.
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%)