MIRA
INFORM REPORT
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Report Date : |
12.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
KIPPIS LTD. |
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Registered Office : |
P.O. Box 9006, 40 Hadekel Street, Even Yehuda 40500 |
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Country : |
Israel |
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Date of Incorporation : |
11.5.1998 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers and marketers of wines and alcoholic beverages. |
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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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
KIPPIS LTD.
P.O. Box 9006
40 Hadekel Street
EVEN YEHUDA 40500 ISRAEL
Telephone 972 9 891 24 49
Fax 972 9 891 24
50
HISTORY
A private limited company, incorporated as per file No. 51-263217-5 on
the 11.5.1998.
SHARE CAPITAL
Authorized share capital NIS 35,700.00, divided into - 35,700 ordinary
shares of NIS 1.00 each, of which shares amounting to NIS 200.00 were issued.
SHAREHOLDERS
1. Zohar Goldberg, 97%,
2. Jacob Poteshvotzki, 3%.
SOLE DIRECTOR AND GENERAL MANAGER
Zohar Goldberg.
BUSINESS
Importers and marketers of wines and alcoholic beverages.
Sales are mostly to restaurants, wine stores, etc.
Subject markets its products via local distributors.
Sole local representatives (among others) for:
SEPP MOSER, of Austria,
CHARPENTRON, of France,
ALEXANDER MAGNO, of Portugal,
KANONKOP, SAIRVIEW, BEYERS KLOOF, SWARTLAND, all of South Africa,
WEINGUT-MERZ, WEGELER-ERBEN, DR. PASSERMANN – JORDAN, all of Germany.
Operating from an office at the residence of Zohar Goldberg (owned) and
from a rented warehouse on an area of 120 sq. meters in a nearby village.
Having 2 employees, as well as using the services of 1 subcontracting
employee.
MEANS
Financial data not forthcoming.
There is 1 charge for an unlimited amount registered on the company's
vehicle, in favor of Bank Hapoalim Ltd.
ANNUAL SALES
Sales figures not forthcoming.
BANKERS
Bank Hapoalim Ltd., Ramat Aviv Gimmel Branch (No. 568), Tel Aviv.
CHARACTER AND REPUTATION
Nothing unfavorable learned.
According to "StoreNext" survey, sales
of wine in retail chains in 2006 reached NIS 410 million, 8% increase from
2005. The leading suppliers are CARMEL (40% market share), GOLAN HEIGHTS WINERY
(17%), TEMPO/BARKEN with 12%.
Total wine market in Israel is estimated at NIS
750 to NIS 800 million, 80% of which is from local wineries, the rest from
import. Wine export reaches NIS 62 million, mainly to the U.S.A.
Wine consumption was estimated at 7 litres per
capita, per year. Estimation in the branch forecast a growth in consumption,
which will reach 8 to 10 litres per capita, however profitability will decrease
due to competition (growth in import) and higher production costs.
The local market volume for wine and alcohol is estimated at NIS 1.2-1.8
billion, exclusive of beers. The market volume including beers reached NIS 2.5
billion according to surveys.
SUMMARY
Notwithstanding the refusal to disclose financial details, considered
good for trade engagements.
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%)