MIRA
INFORM REPORT
|
Report Date : |
01.10.2007 |
IDENTIFICATION DETAILS
|
Name : |
TAREK PHARM LTD. |
|
|
|
|
Registered Office : |
Kanyon Kikar Ha'ir (City Square Mall), |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
23.8.2001 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Providing loans to the corporate sector. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Exists |
Correct Name
TAREK PHARM LTD.
Registered Address
Kanyon Kikar Ha'ir (City Square Mall)
CARMIEL 21651
HISTORY
A private limited company, incorporated as per file No. 51-314306-5 on the 23.8.2001, under the name KHURI HAZON INVESTMENTS LTD., which changed to the present name on the 16.12.2001.
SHARE CAPITAL
Authorized share capital
SHAREHOLDERS
Subject is fully owned by Mrs. Loriat Khuri.
SOLE DIRECTOR
Mrs. Loriat Khuri, born 1972, of
Mrs. Loriat Khuri is married to Mr. Dawud Khuri, who
although not registered in the Registrar
of Companies, appears to be the
dominant figure in subject.
From our
investigation, we learn that Dawud Khuri and Mrs. Loriat Khuri are
subject's Joint General Managers.
BUSINESS
Subject operates as non-banking financial company, dealing – among others – in providing loans to the corporate sector.
From our investigation (see more below), subject also has been operating in the currency exchange business.
MEANS
Financial data not forthcoming.
There are 13 charges for unlimited amounts registered on the
company's assets, in favor of Bank
Hapoalim Ltd.
ANNUAL SALES
Revenues figures not forthcoming.
OTHER COMPANIES
In our investigation, we found a company called ZOHAR & DAWUD LTD., in which Dawud Khuri is a share holder.
We did not trace any telephone number on this company's name.
The telephone number of Mr. Zohar Artul, the other partner in the company, is disconnected.
BANKERS
Bank Hapoalim Ltd.,
Carmiel Branch (No. 747), account numbers No. 601313 and 571171
A check with the Central Banks' database did not reveal anything detrimental on subject’s a/m accounts.
CHARACTER AND
REPUTATION
It has been very difficult to trace subject in practice. There are no telephone numbers registered under subject's name in the Telephone or Trade Directories.
The telephone number you provided us with (972-4-678-2887) is disconnected and temporarily out of order. The fax number (972-4-678-2404) is working. We sent a fax with out request, but so far we did not get any response.
According to the Telephone Directories, there are 2 cellular telephone numbers under the name of Dawud Khuri (972-52-540 5000; 52-540 9000). Both numbers appear to be none related to Mr. Khuri at all (both persons attending the calls said they did not know Mr. Khuri).
We spoke with the management of Carmiel City Square Mall. They informed us that Dawud Khuri and TAREK PHARM (subject) are related to a Change Store inside the Mall called "CARMIEL CHANGE".
The provided 2 telephone numbers:
Telephone: 972-4-908 0050: the number rings and immediately disconnects.
Fax: 972-4-908 0051: we sent a fax to this number, which so far remains unanswered.
In addition, the Mall management official told us that Mr. Dawud Khuri is the owner of a coffee shop in the mall, which is leased to a third party, who operated the café.
We called the Café at 972-4-958 6047. The person in charge confirmed to us that he hires the premises from Dawud Khuri but he does not have his phone number. He added that Mr. Khuri comes once a year to collect rental fees and otherwise they have no connection (which seems unreliable to us!).
From our sources, the telephone number at the Khuri couple residence is 972-4-678 6131. We called this number several times, however there is no answer.
From a case debated in the Krayot Magistrate Court on 18.9.2007, in which subject, Loriat Khuri, Dawud Khuri and Ms. Amal Khuri (sister of Dawud) (all 4 hereinafter "the plaintiffs") are suing M.H. (MONI) FOR INVESTMENTS & ASSETS LTD. (hereinafter "MONI"), we learn the following:
Mr. Khuri Mondar, the owner of MONI, and Dawud Khuri agreed
on a deal in 2006, according to which Mr. Mondar allegedly committed to invest
Subject and Mr. Dawud Khuri claimed, that MONI and Mr. Mundar failed to meet their commitment, while subject, despite that, kept its obligation and transferred MONI 11 checks for the monthly interest payments on the loan.
On the other hand, MONI filed a lawsuit against the
plaintiffs for 3 checks (including the
Mr. Mundar also claimed that he halted the balance of his investment since subject did not present the adequate guarantees as agreed upon and in fact, the whole transaction was planned as a "sting operation" by "the plaintiffs".
From the Court case, it was also revealed that there has
been another verdict against Dawud Khuri on the sum of
The cases are still pending in Courts.
SUMMARY
Considering the above,
dealings – if any – are recommended on a cash on advance basis only.
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. |
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%)