MIRA
INFORM REPORT
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Report Date : |
03.08.2007 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Mobile Post Hanegev, Beit
Kama Junction, Beit Kama 85300 |
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Country : |
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Date of Incorporation : |
26.1.1993 |
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Com. Reg. No.: |
51-177320-2 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers, marketers and traders of spices |
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$ 20,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
Mobile Post Hanegev
Beit Kama Junction
BEIT KAMA 85300
Telephone 972
8 991 58 52
Fax 972 8 991 58 23
HISTORY
A private limited company incorporated as per
file No. 51-177320-2 on the 26.1.1993.
During 2000, following the entrance of a new
shareholder, subject transferred almost all of its activities to a newly
established limited partnership, under the name
Following that, subject became practically non
active, however later it resumed activities, however to a low extent (see more
below).
SHARE CAPITAL
Authorized share capital
SHAREHOLDERS
1. Kibbutz
Lahav, 47.8% of ordinary “C” shares and 25% of ordinary “A” shares issued,
2. DORBAN INVESTMENT AND
MANAGEMENT CO. LTD., (controlled by Kibbutz Dvir) 27.2% of ordinary “C” shares
and 25% of ordinary “A” shares issued,
3. Kibbutz
Urim, 21.5% of ordinary C” shares and 25% of ordinary “A” shares issued,
4. Kibbutz
Cramim, 3.5% of ordinary C” shares and 25% of ordinary “A” shares issued,
DIRECTORS
1. Gidi
David,
2. Shmuel
Green,
3. Moshe
Ritzker,
4. Meir
Levin,
5. Yoram
Sahar,
6. Danny
Lamdan,
7. Dror
Kroany,
8. Motti
Kugesta,
9. Itay
Avni.
GENERAL MANAGER
Zvi Levin.
BUSINESS
Importers, marketers and traders of spices.
Operated from offices inside the premises
(offices and plant) of affiliate partnership (ISRAEL 2000 - NEGEV SPICES), on
an area of 5,000 sq. meters (rented) in the Avshalom Regional Industries Zone,
near Beit-Kama Junction, in the south of
Having 4 employees.
There are some 30 employees in the NEGEN SPICES
Group (also employ a further workers on-season).
MEANS
Financial data not forthcoming.
There are 2 charges for unlimited amounts
registered on the company's assets, in favor of Israel Discount Bank Ltd.
ANNUAL SALES
Sales figures not forthcoming.
Officials reported that sales volume is not significant.
OTHER COMPANIES
ISRAEL 2000 - NEGEV SPICES, partnership owned by
subject’s shareholders and CHAM FOODS (ISRAEL) LTD (holding 19%),
manufacturers, processors, exporters and marketers of spices. 2006 sales were
The Kibbutzim Dvir and Lahav also control:
DOLAV DVIR-LAHAV PLASTIC PROD
SHOKET MEAT DELICACIES LTD., manufacturer of meat packing plants, owned
by Kibbutz Dvir, DVIR SOFTWARE PROD
Kibbutz Urim also controls:
NOAM URIM ENTERPRISES (1993) LTD.,
manufacturers, marketers and exporters of textile products, including sleeping
bags, comforters, quilts, pillows, non-woven fabrics, bedcovers, vests, cloths,
textile fillings, dry wipes, etc.
SONREL URIM, 100%, manufacturers and
distributors of jewelry boxes and ornamental objects.
BANKERS
Israel Discount Bank Ltd., Main Branch (No. 010), Tel Aviv.
CHARACTER
Nothing unfavorable learned.
We are informed by subject's General Manager, that whereas in the past
subject used to carry out most of the activities, including production, since the
establishment of sister partnership, subject operates on low levels (few years
ago we were also told that subject was inactive).
The spices growing branch is considered the highest growing agricultural
export branch in
There are some 30,000 spices plants grown in
SUMMARY
Good trade engagements.
Maximum unsecured credit recommended US$ 20,000.
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%)