MIRA
INFORM REPORT
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Report Date : |
27.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
JOSEPH KHAKSHOURI CARPETS LTD. |
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Registered Office : |
20 Yedidia Frenkel Street, Tel Aviv 66084 |
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Country : |
Israel |
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Date of Incorporation : |
17.10.2004 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers and
marketers of carpets. |
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$ 5,000 |
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Status : |
Small Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Correct Name &
address
JOSEPH KHAKSHOURI CARPETS LTD.
20 Yedidia Frenkel Street
TEL AVIV 66084
ISRAEL
Telephone 972 3 682 03 25
HISTORY
A private limited
company, incorporated as per file No. 51-359744-3 on the 17.10.2004.
SHARE CAPITAL
Authorized share
capital NIS 100,000.00 divided into - 100,000 ordinary shares of NIS 1.00 each,
of which shares amounting to NIS 100.00 were issued.
SHAREHOLDERS
Subject is fully
owned by Joseph Emmanuel Khakshouri.
SOLE DIRECTOR
Joseph Emmanuel
Khakshouri.
GENERAL MANAGER
Yigal Sha'aban
BUSINESS
Importers,
marketers of carpets.
Operating a retail
store for carpets.
Most sales are to private
customers.
All purchasing is
from import.
Operating from rented premises (office and store),
on an area of 68 sq. meters, in 20 Yedidia Frenkel Street, Tel Aviv.
Subject's General
Manager is the sole employee.
MEANS
Current stock is
estimated at US$ 30,000.
Other financial
data not forthcoming.
There are no
charges registered on the company's assets.
ANNUAL SALES
Sale figures not
forthcoming.
OTHER COMPANIES
The Khakshouri family
deals mainly in the real estate area, as entrepreneurs and broker agents.
BANKERS
Bank Leumi Le
Israel Ltd., Ashdod City Branch (No. 033), Ashdod, account No. 424595.
A check with the Central Banks' database did not reveal anything
detrimental regarding subject’s a/m account.
CHARACTER AND
REPUTATION
Nothing
unfavorable learned.
Subject's General Manager refused to
disclose subject's financial data, besides stock evaluation. During 2005 and 2006 subject operated in the
wholesale market, selling to retailers. Since the beginning of 2007, subject
diverted its focus to the direct retail sale to private customers.
We visited subject
at its premises in 20 Yedidia Frenkel Street, Tel Aviv.
At the time of our
visit (16:30) the place was closed, but we spotted carpets stocks of various
kinds. We have been told by neighbors that the place is new.
Subject is a small
business.
The Khakshouri
family is known to wealthy, dealing in the real estate area for many years,
owning real estate properties.
SUMMARY
Maximum unsecured
credit recommended US$ 5,000.
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%)
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