MIRA
INFORM REPORT
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Report Date : |
31.05.2007 |
IDENTIFICATION DETAILS
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Name : |
MATEX B.Y.M. LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
10.10.1999 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Agencies, importers and marketers of textile 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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
MATEX B.Y.M. LTD.
CAESAREA 38900
Telephone 972 4 626 04 85
Fax 972 4 636 04 51
Cellular 972 54 451 06 20
HISTORY
A private limited
company, incorporated as per file No. 51-283870-7 on the 10.10.1999.
SHARE CAPITAL
Authorized share capital
SHARE HOLDERS
Subject is fully owned by Meir Shimshon
Lipman.
DIRECTORS
1. Meir
Shimshon Lipman - General Manager,
2. Moshe
Caniel.
BUSINESS
Agencies,
importers and marketers of textile products – main activity.
Also agencies,
importers and marketers of building materials – minor activity.
Imports are mainly
from
Sales are mainly
on commission basis, very little from stocks.
Operating from
office in the shareholder's owned private residence in
Having no
employees, Mr. Lipman is the only one operating in subject (had another 1
employee back in mid 2006).
MEANS
Stock quantity
reported to be minimal.
Financial data not
forthcoming.
There are 3
charges for unlimited amounts registered on company’s assets, in favor of the
Israel Discount Bank Ltd. and Union Bank of
ANNUAL SALES
Sales figures not
forthcoming.
BANKERS
Israel Discount
Bank Ltd., Hagra Branch, (No. 082), Tel Aviv, account No. 678775.
CHARACTER AND
REPUTATION
Nothing
unfavorable learnt.
Mr. Lipman refused
to disclose any financial and related data on his business (including
suppliers, customers, etc.). He said they do not represent any foreign company.
There are no
telephone numbers registered on subject's name in the local telephone
directories, nor is it listed in the local trade directories (the telephone are
listed on Mr. Lipman's name).
SUMMARY
Notwithstanding
the refusal to disclose data, considered good for trade engagements.
Note: In our last
report to you on subject from October 2006, we wrote the shareholder and
manager full name as Meir Shemesh Lipman, as it appears in the
Registrar of Companies. In our recent interview with Mr. Lipman, he informed us
that that is a mistake and his middle name is "Shimshon",
not Shemesh.
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%)