MIRA
INFORM REPORT
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Report Date : |
12.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
MAYA L.S. LTD |
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Registered Office : |
12, Levinski Street, Tel Aviv 66094 |
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Country : |
Israel |
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Date of Incorporation : |
17.01.2005 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers and marketers of textile products |
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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Maximum Credit Limit : |
US$ 50,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name and address
MAYA L.S. LTD.
(Trading under the name "MAYA FASHION")
Telephone 972 3 518 41 80
Fax 972 3 518 41 97
12 Levinski Street
TEL AVIV66094 ISRAEL
HISTORY
A private limited company, incorporated as per file No. 51-363961-7 on the 17.1.2005.
Subject is continuing part of the activities of the Saluki family, operating in the textile sector since 1985.
SHARE CAPITAL
Authorized share capital NIS 100,000.00, divided into -
100,000 ordinary shares of NIS 1.00 each, fully issued.
SHAREHOLDERS
Subject is fully owned by Itzhak Saluki.
DIRECTORS & JOINT GENERAL
MANAGERS
1. Gil Saluki, son of Itzhak Saluki,
2. Danny Lipaz.
BUSINESS
Importers and marketers of textile products, mainly apparel for all purposes, as well as undergarments, home textile goods, pajamas, shoes, etc.
Among local clients: ORGANZA FASHION, RAMI LEVI HASHIKMA MARKETING, BLEU SQUARE CO-OP (both later are large supermarkets chains), BOGOOD, etc.
All purchasing is from import.
Operating from a rented premises (offices and wholesale store), on an area of 240 sq. meters, in 12 Levinski Street, Tel Aviv and from warehouses, on an area of 2,500 sq. meters, owned by the shareholders, in Ashdod.
Having 25 employees.
MEANS
Financial data not forthcoming.
There are no charges registered on the company's assets.
ANNUAL SALES
Sales figures not forthcoming.
OTHER COMPANIES
According to our, General Manager Danny Lipaz is the owner of L.D.A.M. TRADE LTD., which used to operate in general consumer goods trade and appears to be inactive to-date.
BANKERS
Mizrahi Tefahot Bank Ltd., Ashdod Branch (No. 416), Ashdod, account No. 292200.
A check with the Central Banks' database did not reveal anything detrimental on subject’s a/m account.
CHARACTER AND REPUTATION
Nothing unfavorable learned.
According to the Central Bureau of Statistics, the current spending per capita in 2006 in clothing and footwear rose by 5.8% comparing to 2005, as part of the general trend in 2006 of higher current expenses for private consumption per capita (3% increase).
The general growth trend continued into the 1st quarter of 2007, where private expenditure for private consumption rose by 11.8% comparing to the parallel period in 2006 and the expenditure in current consumption per capita went up by 3.8%.
The Israeli Chamber of Commerce notes that the Chinese production comprises over 20% of the imported textile goods followed by France (14%), Italy (12%), Hong Kong and Turkey (around 10% each), Spain (7%) and the U.S.A. (4%).
The increase in imports emanates from the exposure to foreign markets policy by the State.
Imported apparel in 2006 summed up to US$ 990 million (4% increase from 2005), of which US$ 606 million were from China.
SUMMARY
Notwithstanding the refusal to disclose financial details, considered good for trade engagements.
Maximum unsecured
credit recommended US$ 50,000.
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. |
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%)