MIRA
INFORM REPORT
|
Report Date : |
11.12.2007 |
IDENTIFICATION
DETAILS
|
Name : |
JACOB TWENA LTD. |
|
|
|
|
Registered Office : |
Farm No. 100, Neve Yarak 49945 |
|
|
|
|
Country : |
Israel |
|
|
|
|
Date of Incorporation : |
03.06.1992 |
|
|
|
|
Com. Reg. No.: |
51-169051-3 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Imports and marketers of kitchenware, household products,
metal and wood furniture (mostly buffets, also cupboards, painting frames,
etc). |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
US$ 20,000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
COMPANY NAME &
ADDRESS
JACOB TWENA LTD.
Farm No. 100
NEVE YARAK 49945 ISRAEL
Telephone 972 3 902 63 60
Fax 972
3 902 63 61
HISTORY
A private limited company, incorporated as per file No. 51-169051-3 on
the 03.06.1992.
SHARE CAPITAL
Authorized share capital NIS 19,800.00, divided into - 19,800 ordinary
shares of NIS 1.00 each, Of which shares amounting to NIS 100.00 were issued.
SHAREHOLDERS
1. Jacob Twena, 60%,
2. Ms. Arma Twena, wife of
Jacob, 40%.
DIRECTORS
1. Jacob Twena, General
Manager,
2. Ms. Arma Twena.
BUSINESS
Imports and marketers of kitchenware, household products, metal and wood
furniture (mostly buffets, also cupboards, painting frames, etc).
All purchasing is from import.
Operating from rented premises (offices and warehouse), on an area of
600 sq. meters, in Farm No.100, Neve Yarak village ("Moshav Neve
Yarak").
Having 5 employees.
MEANS
Current stock is valued at US$ 400,000.
There are no charges for registered on the company's assets.
ANNUAL SALES
Sales figures not forthcoming.
BANKERS
Israel Discount Bank Ltd., Rabin Square Branch (No. 085), account No.
358002.
A check with the Central Banks' database did not reveal anything
detrimental on subject’s a/m account.
CHARACTER AND REPUTATION
Nothing unfavorable learned.
Subject’s General Manager, Jacob Twena, refused to disclose financial
details, besides current inventory value.
According to estimations, the local household products market volume
reaches NIS 3 billon annually. Retail chains capture 30% of the market share,
specialization stores 20%, while the institutional and workers unions sector
has 50% share.
SUMMARY
Notwithstanding the refusal to disclose financial details, considered
good for trade engagements.
Maximum unsecured credit recommended US$ 20,000.
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)