MIRA
INFORM REPORT
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Report Date : |
03.07.2007 |
IDENTIFICATION DETAILS
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Name : |
GIFTS & TIPS LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
29.3.2004 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers and wholesale marketers of home textile products (finished
products). |
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$ 10,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
NAME & ADDRESS
GIFTS & TIPS
LTD.
Telephone 972 3 613 29 29
Fax 972 3 575 28 97
HISTORY
A private limited
company, incorporated as per file No. 51-352912-3 on the 29.3.2004.
SHARE CAPITAL
Authorized share
capital
SHAREHOLDERS
1. Ms. Indira Tegra, 50%,
2. Ms. Clarina Tegra, 35%,
3. Satish Sobermenian, 15%.
DIRECTORS
1. Ms. Indira Tegra, General Manager,
2. Ms. Clarina Tegra.
BUSINESS
Importers and
wholesale marketers of home textile products (finished products).
Sales are to
retail stores (usually small stores) countrywide.
All purchasing are
imported from affiliated company in
Operating from
office at the private residence of Ms. Indira Tegra in
Having 6
employees.
MEANS
Financial data not
forthcoming.
There are 2 charges for unlimited amounts registered on the company's
assets, in favor of Union Bank of Israel Ltd.
ANNUAL SALES
Sales figures not forthcoming.
BANKERS
Union Bank of
Israel Ltd., Ramat Gan Branch (No. 062),
CHARACTER AND
REPUTATION
Nothing
unfavorable learned.
Subject's General
Manager, Ms. Indira Tegra, refused to disclose financial data on her company.
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/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%)