MIRA
INFORM REPORT
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Report Date : |
29.06.2007 |
IDENTIFICATION DETAILS
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Name : |
ACHUZAT BAR |
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Registered Office : |
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Country : |
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Date of Incorporation : |
1990 |
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Legal Form : |
A non-registered partnership |
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Line of Business : |
Importers and marketers of household decorative articles and
ornaments, e.g. glassware, rugs, lamps, silk flowers, pillows, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
US$ 15,000 |
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Status : |
Small Concern |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
Correct Name: ACHUZAT BAR
(In English: BAR'S ESTATE)
SHA'AL 12400
Telephone 972 4 698 17 90
Cellular 972 4 687 05
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HISTORY
A non-registered partnership, established in 1990.
License Dealer No. 557732443 (the shared file at the Tax Authorities is
under the names of the couple Arik Bar and Liora Bar).
OWNERSHIP
1. Arik Bar,
2. Mrs. Liora Bar, wife of
Arik.
JOINT GENERAL
MANAGERS
1. Arik Bar,
2. Mrs. Liora Bar.
BUSINESS
Subject operates in 3 lines of activities:
1. Importers and marketers of
household decorative articles and ornaments, e.g. glassware, rugs, lamps,
silk flowers, pillows, etc.
Also operating a
gallery for selling the said products.
2. Operators of an
agricultural farm, growing apples, peaches, and nectarine orchards.
3. Operators of 5 guest
house (rural tourism/B&B) units of very high standard.
Operating from offices and farm, owned by the Bar couple, a total area
of 70,000 sq. meters, in Sha'al village, a locality in the northern part of the
Having 4 employees (including the owners/General Managers).
MEANS
Financial data not forthcoming.
ANNUAL SALES
Sales figures not forthcoming.
BANKERS
Bank Leumi LeIsrael Ltd., Migdalei Aviv Branch (No. 812), Tel Aviv.
Bank Hapoalim Ltd., Har Carmel Branch (No. 701),
A check with the Central Banks' database did not
reveal any negative information regarding subject's a/m account.
CHARACTER AND
REPUTATION
Nothing unfavorable learned.
Subject's owner and General Manager, Arik Bar, refused to disclose
financial data on their business.
The guest house units have been operative for over 4 years. They are
designed in rather antique yet high style.
The Rural Tourism Branch in
According to the Central Bureau of Statistics data, the revenues from
rural tourism in
In comparison, 2006 revenues were about 6.5% lower than 2005 rural
tourism revenues.
SUMMARY
Considering the refusal to disclose financial data, we do not recommend
high credit exposure.
Maximum unsecured credit recommended US$ 15,000.
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%)