MIRA
INFORM REPORT
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Report Date : |
16.08.2007 |
IDENTIFICATION DETAILS
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Name : |
SONELA IMPORT AND
MARKETING LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
14.11.2006 |
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Com. Reg. No.: |
51-389351-1 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers and marketers of clothes |
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. |
Small |
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Maximum Credit Limit : |
US$ 15,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
SONELA IMPORT AND MARKETING LTD.
Correct Name: SONELA IMPORT AND MARKETING 2006 LTD.
Telephone 972
9 768 76 71
Fax 972
9 768 76 23
HISTORY
A private limited company, incorporated as per file No. 51-389351-1 on
the 14.11.2006.
SHARE CAPITAL
Authorized share capital
SHAREHOLDERS
Subject is fully owned by Ofir Ben-Aharon.
SOLE DIRECTOR AND
GENERAL MANAGER
Ofir Ben-Aharon.
BUSINESS
Importers and marketers of clothes from
Import activities have started recently.
Operating from an office in
Having 2 employees in subject and 8 employees serving in the 3 companies
(subject and sister companies – see OTHER COMPANIES).
MEANS
Having no stock as yet (shipment is on its way
to
Financial data not forthcoming.
There are no charges registered on the company's
assets.
ANNUAL SALES
Sales are expected to begin towards the winter
(i.e. end of 2007).
OTHER COMPANIES
Other companies fully owned by Ofir Ben-Aharon:
SONELA LTD., established 1994, importers and
marketers of clothes, for men and women.
First of 2007 sales claimed to be
BABY COMFORT LTD., manufacturers of cooling
device in babies strollers.
BANKERS
Bank Hapoalim Ltd., Ramat Hasharon Branch (No.
630), Ramat Hasharon,
Account No. 496671.
A check with the Central Banks’ database did not
reveal any negative information regarding subject’s a/m account.
CHARACTER AND REPUTATION
Nothing unfavorable learned.
According to the Central Bureau of Statistics, the
current spending per capita in
The general growth trend continued into the 1st
quarter of 2007, where private expenditure for private consumption rose by 11.8% comparing to the parallel period in
2006 and the expenditure in current consumption per capita went up by 3.8%.
The Israeli Chamber of Commerce notes that the Chinese production
comprises over 20% of the imported textile goods followed by
The increase in imports emanates from the exposure to foreign markets
policy by the State.
Imported apparel in 2006 summed up to US$ 990 million (4% increase from
2005), of which US$ 606 million were from
SUMMARY
In principle, subject is good for trade
engagements.
Being a newly established company with no sales
as yet, and considering affiliate reputation, we recommend maximum credit of
US$ 15,000 backed by guarantees of SONELA LTD.
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. |
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%)