MIRA
INFORM REPORT
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Report Date : |
15.06.2007 |
IDENTIFICATION DETAILS
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Name : |
G.H.N. FOOD LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
19.12.1993 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Traders, importers and marketers of foodstuffs and beverages, e.g.
flour, sugar, rice, edible oil, etc. |
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
G.H.N. FOOD LTD.
TAYBEH (Hameshulash) 40400
Telephone 972 9 799 70 80
Fax 972
9 799 70 81
HISTORY
A private limited company, incorporated as per file No. 51-189578-1 on
the 19.12.1993.
Note: Subject's exact company name translated from
Hebrew is "G.H.N FOR FOOD LTD."
SHARE CAPITAL
Authorized share capital
SHAREHOLDERS
1.
Haled (Mustafah) Jaber, 99%
2.
Mrs. Nilli Jaber, 1%
SOLE DIRECTOR AND
GENERAL MANAGER
Haled (Mustafah) Jaber
BUSINESS
Traders, importers and marketers of
foodstuffs and beverages, e.g. flour, sugar, rice, edible oil, etc.
Sales are to privates and companies, such
as: AFIFIT NAZARETH 1971 BISCUIT MANUF., CENTRAL PRESERVES, PINUKIM FOOD
INDUSTRIES, as well as many bakeries.
Among local suppliers: SUPER DRINK, MAN
FLOUR MILL, HAMIFRATZ FLOUR MILL, SONS OF GEORGE SHUKHA, R.S DRINKS, etc.
Operating from rented premises (offices and
warehouses), on an area of 4,000 sq. meters in, Taybeh (Hameshulash), an Arab
populated town near the city of
Having 23 employees.
MEANS
B/S shows:
31.12.2004 31.12.2005
ASSETS
Current assets 2,827,601 3,017,666
Fixed assets, net 761,893 618,063
Other assets ___68,928 __139,099
3,658,422 3,774,828
========= =========
LIABILITIES
Current liabilities 4,194,978 4,703,517
Equity (in deficit) _(536,556) _(928,689)
3,658,422 3,774,828
========= =========
Current stock is
valued at
There are 3
charges for unlimited amounts registered on the company's assets, in favor of
Bank Hapoalim Ltd. and a leasing company.
ANNUAL SALES
Statement
of Income
Year
ended 31.12
2004 2005
Sales 16,929,965 17,763,700
Gross profit 2,308,376 2,440,014
Operating income
(loss) 66,276 (373,129)
Profit (loss) before
taxes on income 136,884 (385,334)
Net profit (loss) 98,140 (392,133)
========= =========
2006 sales claimed
to be
First 5 months of
2007 claimed to be
OTHER COMPANIES
G.H.N. FOR
TRANSPORTATION LTD., owned by Haled (Mustafah) Jaber, a transportation company,
owning 8 trades.
BANKERS
Bank Hapoalim
Ltd., Taybeh Branch (No. 665), Taybeh, account No. 311745.
Bank Leumi
LeIsrael Ltd., Taybeh Branch (No. 951), Taybeh, account No. 140200/88.
A check with the
Central Banks' database did not reveal negative information on subject’s a/m
bank accounts.
CHARACTER AND
REPUTATION
Nothing
unfavorable learned.
SUMMARY
Good for trade
engagements.
Maximum unsecured
credit recommended US$ 80,000.
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%)