MIRA
INFORM REPORT
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Report Date : |
14.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
M.B.T.C. LTD. |
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Registered Office : |
34 Kibbutz Galuyot Street, Tel Aviv 66550 |
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Country : |
Israel |
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Date of Incorporation : |
14.7.1996 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers and marketers of gifts, souvenirs, judaica and religious
articles, jewellery and others. |
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$ 10,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
M.B.T.C. LTD.
34 Kibbutz Galuyot Street
TEL AVIV 66550 ISRAEL
Telephone 972 3 518 93 73
Fax 972 3 518 93
71
HISTORY
A private limited company, incorporated as per file No. 51-234923-4 on
the 14.7.1996, under the name MOUSSEIRI BROTHERS TRADE LTD.
On the 16.9.1996 changed name to present one.
SHARE CAPITAL
Authorized share capital NIS 29,400.00, divided into - 29,400 ordinary
shares of NIS 1.00 each, of which shares amounting to NIS 100.00 were issued.
SHAREHOLDERS
1. Shimon Mousseiri - 50%,
2. Moris Mousseiri - 50%.
DIRECTORS AND JOINT GENERAL
MANAGERS
Shimon Mousseiri,
Moris Mousseiri.
BUSINESS
Importers and marketers of gifts, souvenirs, judaica and religious
articles, jewellery and others.
Operating from premises, owned by shareholders, on an area of 360 sq. meters,
in 34 Kibbutz Galuyot Street, Tel Aviv.
All purchasing is from imports.
Having 6 employees.
MEANS
Financial data not forthcoming.
There are 4 charges for unlimited amounts registered on company’s assets
(financial assets), in favor of Mizrahi Tefahot Bank Ltd. and U-Bank Ltd.
ANNUAL SALES
Sales figures not forthcoming.
BANKERS
Mizrahi Tefahot Bank Ltd., Hatzerot Jaffo Branch (No. 436), Tel Aviv.
CHARACTER AND REPUTATION
In March 2005, the Tel Aviv District Court accepted a motion filed by
subject's suppliers to issue an injunction against goods which subject sold,
alleged to be violating intellectual property of the suppliers. The plaintiffs
claimed that subject sold identical religious items to those manufactured by
the plaintiffs, without their consent.
Apart of that, nothing unfavorable learned.
Subject's officials refused to disclose financial details.
The total giftware market in Israel is estimated at NIS 4.83 million (not
including holidays presents) according to a report from September 2006. The
market is divided into perfumes (31%), flowers and flowerpots (19%), books
(17%), household goods (17%), pleasure gifts (8%), wine (6%) and others.
SUMMARY
Notwithstanding the refusal to disclose financial details, considered
good for trade engagements.
Maximum unsecured credit recommended US$ 10,000.
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. |
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%)