MIRA INFORM REPORT

 

 

Report Date :

17.01.2007

 

IDENTIFICATION DETAILS

 

Name :

HAMERKAZ LEZIYUD RECHIVA

 

 

Registered Office :

10/11, Hanevi'im Street, Kiryat Ata  28073           

 

 

Country :

Israel

 

 

Date of Incorporation :

1.9.2006

 

 

Legal Form :

Partnership

 

 

Line of Business :

Manufacturers, importers and marketers of horse riding equipment.

 

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/normal.

Small

 

Status :

New Concern

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 


Correct Name & address

 

HAMERKAZ LEZIYUD RECHIVA

(in English: RIDING EQUIPMENT CENTER)

10/11, Hanevi'im Street

KIRYAT ATA     28073   ISRAEL

Telephone         972 4 843 52 53 (at partner's residence)

                        972 4 641 52 59 (store in Nahalal)

Cellular             972 52 284 80 44 (Mr. Zilberstein's)

Fax                   972 4 842 18 08

 

 

HISTORY

 

A non-registered partnership established in 1.9.2006.

 

 

License Dealer No.

 

557865037.

 

 

PARTNERS   

 

1.    Noah Zilberstein,

2.    Yakov Itzhak.

 

 

JOINT GENERAL MANAGERS

 

1.    Noah Zilberstein,

2.    Yakov Itzhak.

 

 

BUSINESS    

 

Manufacturers, importers and marketers of horse riding equipment.

 

Operating from an office in the private residence of Noah Zilberstein (owned by him) in 10/11 Hanevi'im Street, Kiryat Ata (near the city of Haifa), and from a rented premises (workshop and retail store) in Moshav Nahalal, a locality in the Southern Galilee region (also in the north of the country).

 

General Managers are subject's sole employees.

 

 

MEANS    

 

Current stock is valued at NIS 30,000.

 

Other financial data not forthcoming.

 

 

OTHER BUSINESSES

 

Mr. Yakov Itzhak also operates a horse farm in the North of the country.

 

 

ANNUAL SALES

 

September – December 2006 sales claimed to be NIS 136,000.

 

 

BANKERS     

 

Bank Leumi LeIsrael Ltd., Kiryat Ata Branch (No. 897), Kiryat Ata, account No. 28155/72.

 

A check with the Central Banks' database did not reveal anything detrimental on subject’s a/m account.

 

 

CHARACTER AND REPUTATION   

 

Nothing unfavorable learned.

 

Both partners have been dealing in the riding field for long time.

 

 

SUMMARY    

 

Good for trade engagements.

Being a newly established, with low turnover, maximum unsecured credit recommended US$ 4,000.

 


 

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/normal.

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

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions