MIRA
INFORM REPORT
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Report Date : |
13.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
OMNI AGRICULTURE LTD. |
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Registered Office : |
6/15 Baruch Boaron Street Hadera 38303 Israel |
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Country : |
Israel |
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Date of Incorporation : |
13.12.2005 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Sale of inputs for agriculture in Africa. Executing projects in the agricultural field in Africa,
mainly installing greenhouses in Ethiopia. |
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 : |
Regular |
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Litigation : |
Clear |
Name & address
OMNI AGRICULTURE LTD.
P. O. Box 8288 (61082)
6/15 Baruch Boaron Street
HADERA 38303 ISRAEL
Telephone 972 4 622 13 50; 622 13 51
Fax 972 4 622 13 52
HISTORY
A private limited company, incorporated as per file No. 51-376009-0 on the 13.12.2005.
SHARE CAPITAL
Authorized share capital NIS 23,000.00, divided into -
23,000 ordinary shares of NIS 1.00 each, of which shares amounting to NIS 20.00 were issued.
SHAREHOLDERS
1. Ofir Freund, 50%,
2. M. COHEN METAL INDUSTRIES LTD., 50%,
DIRECTORS
1. Ofir Freund - General Manager,
2. Moshe Cohen.
BUSINESS
Operating in 2 line of business:
1. Sale of inputs for agriculture in Africa.
2. Executing projects in the agricultural field in Africa, mainly installing greenhouses in Ethiopia.
All operations are abroad and all sales are for export.
Operating from rented office premises, on an area of 120 sq. meters in 6/15 Baruch Boaron Street, Hadera and through subsidiary premises on a total area of 600 sq. meters in Ethiopia (rented).
Having in all 58 employees, serving subject and subsidiary, of which 8 are in Israel, the rest are mainly in Ethiopia.
MEANS
Consolidated stock is valued at US$ 3,000,000.
There are 4 charges for unlimited amounts registered on the company’s assets, in favor of Bank Leumi LeIsrael B.M.
ANNUAL SALES
First 9 months of 2006 consolidated sales claimed to be US$ 15,000,000, all for export.
OTHER COMPANIES
AXUM GREENLINE TRADING, 100%, Ethiopia.
BANKERS
Bank Leumi LeIsrael B.M., Rehovot Business Branch (No. 978), Rehovot.
CHARACTER AND REPUTATION
Nothing unfavorable learnt.
SUMMARY
In principle good for trade engagements.
However, being a newly established business, too early to determine a definite credit opinion.
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%)