MIRA INFORM REPORT

 

 

Report Date :

18.06.2007

 

IDENTIFICATION DETAILS

 

Name :

NURIEL COHEN MARKETING & DISTRIBUTION LTD

 

 

Registered Office :

21 Hamoshav Street , Pardess Hanna, 37069      

 

 

Country :

Israel

 

 

Financials (as on) :

2006

 

 

Date of Incorporation :

20.06.2001

 

 

Com. Reg. No.:

51-312046-9

 

 

Legal Form :

A private limited company

 

 

Line of Business :

Traders in building inputs: concrete additives (i.e. paint powders), binding films, etc. Also importers and marketers of big polypropylene-made sacks, mainly used for building materials and for the agricultural sector.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

US$ 30,000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

COMPANY NAME & ADDRESS

 

NURIEL COHEM SEIVUK CEHARATZA LTD

Correct Name:   NURIEL COHEN MARKETING & DISTRIBUTION LTD.

21 Hamoshav Street

PARDESS HANNA       

37069  

ISRAEL

Telephone         972 4 637 93 06

Fax                   972 4 637 27 21

 

 

HISTORY

 

A private limited company, incorporated as per file No. 51-312046-9 on 20.6.2001.

 

Note: According to the Registrar of Companies, subject does not have a Latin name, only in Hebrew. Free English translation is "NURIEL COHEN SHIVUK VEHAFATZA LTD", whereas "Shivuk VeHafatza" stands for "Marketing & Distribution".

 

 

SHARE CAPITAL

 

Authorized share capital NIS 39,100.00 divided into- 39,100 ordinary shares of NIS 1.00 each, of which shares amounting to NIS 100.00 were issued.

 

 

SHAREHOLDERS

 

Subject is fully owned by Nuriel Cohen, of 21 Hamoshav Street, Pardess Hanna – Karkur.

 

 

SOLE DIRECTOR AND GENERAL MANAGER

 

Nuriel Cohen.

 

 

BUSINESS

 

Traders in building inputs: concrete additives (i.e. paint powders), binding films, etc. Also importers and marketers of big polypropylene-made sacks, mainly used for building materials and for the agricultural sector.

 

Among clients: CLAL CONCRETE PRODUCTS, M. RUTENBERG & SONS, SHACHAM GIVAT ADA, LEV HASHARON CENTER, etc.

 

Among local suppliers: SHAHAL BUILDING MATERAILS, OROM COLORNETIM, SAPIR PLASTIC INDUSTRIES, DAVIK SDE BOKER, etc.

 

Operating from an office at the owner's residence (owned) in 21 Hamoshav Street, Pardess Hanna – Karkur, and from a rented warehouse, on an area of 500 sq. meters, in Mishmarot village.

 

EMPLOYEES

 

Having 3 employees.

 

 

MEANS

 

Financial data not forthcoming.

 

There are 3 charges for unlimited amounts registered on the company’s assets, in favor of Bank Leumi LeIsrael Ltd.

 

 

ANNUAL SALES

 

2005 claim to be NIS 4,000,000.

2006 claim to be NIS 4,800,000.

First 5 months of 2007 claim to be NIS 2,000,000.

 

 

BANKERS

 

Bank Hapoalim Ltd., Pardess Hanna Branch (No. 622), Pardess Hanna – Karkur.

 

Bank Leumi LeIsrael Ltd., Pardess Hanna Branch (No. 954), Pardess Hanna – Karkur.

 

 

CHARACTER AND REPUTATION

 

Nothing unfavorable learned.

 

Subject's owner and General Manager refused to disclose financial data besides sales figures.

 

 

SUMMARY

 

Good for trade engagements.

 

Maximum unsecured credit recommended US$ 30,000.

 

 

 

 

 

 

 

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

 

 

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