MIRA INFORM REPORT

 

 

Report Date :

18.06.2007

 

IDENTIFICATION DETAILS

 

Name :

GOLDEN GROUP

 

 

Registered Office :

P. O. Box 19919, 199 Yefet Street, Tel Aviv, 68061          

 

 

Country :

Israel

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NR

 

RATING

STATUS

PROPOSED CREDIT LINE

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

Status :

Undetermined

 

 

COMPANY NAME & ADDRESS     

 

GOLDEN GROUP

P. O. Box 19919

199 Yefet Street

TEL AVIV         

68061  

ISRAEL

Telephone         972 3 659 88 25

Mobile               972 52 367 16 40

Fax                   972 3 659 88 25

 

 

 

We traced and spoke with Mr. Steven Drori, subject's owner and General Manager, however he refused  categorically to disclose any data.

 

From our investigation, we managed to gather the following data:

 

Mr. Steven Drori has no business activity in Israel at all! All his companies are foreign, mainly operating from the U.K.


There is no company by the name in subject registered in the Israeli Registrar of Companies. Subject is also not listed in the local trade or telephone directories.


Mr. Steven Drori is residing in Israel, working from an office at his home, in 199 Yefet Street, App. No. 9, Tel Aviv.

 

Mr. Steven Drori carries Israeli I.D. No. 011719457. Born 1957.

He is an CPA by profession.

In the past, he used to work in number of Hi-Tech companies as a Finance Manager, including in big firms such  as CISCO, 3COM, VISHAY, etc.

 

Mr. Drori has several foreign companies, apparently subject being one of them. He operates as a financial consultant, specializing in rasing capital for start-ups. He receives commission abroad, mainly via BARCLEYS BANK in London, which he transfers to Israel, but has no income in Israel.

 

Among his companies:

STEVEN DRORI OVERSEAS INVESTMENTS.

Mr. Drori is using other non-registered names for his firms.

 

We found no detrimental data in our files or other databases on subject or on Mr. Drori.

 

 

SUMMARY

 

Being a foreign business, we are unable to provide credit opinion.

 

 

 

 

 

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

 

 

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%)

 

 

 

 

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