MIRA
INFORM REPORT
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Report Date : |
19.10.2007 |
IDENTIFICATION DETAILS
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Name : |
HAMAMA HAIM & IGAL MARKETING & TRADE
LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
11.2.1998 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers and marketers of foodstuff, mainly legumes. |
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$ 200,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
HAMAMA HAIM & IGAL MARKETING & TRADE LTD.
TEL AVIV 66880
Telephone 972 3 688 79 04
Fax 972 3 537 91
88
HISTORY
A private limited company, incorporated as per file No. 51-259889-7 on
the 11.2.1998.
SHARE CAPITAL
Authorized share capital
SHAREHOLDERS
1. Haim Hamama, 50%,
2. Igal Hamama, 50%.
DIRECTORS AND JOINT
GENERAL MANAGERS
1. Haim Hamama,
2. Igal Hamama.
BUSINESS
Importers and marketers of foodstuff, mainly legumes.
Among customers are Tehina plants (tehina is a Middle-Eastern
sesame-made paste).
All purchasing is from import.
Operating from rented offices, on an area of 67 sq. meters in
Having 4 employees.
MEANS
Financial data not forthcoming.
There are 2 charges for unlimited amounts registered on the company's
assets, in favor of The First International Bank of Israel Ltd.
ANNUAL SALES
Sales figures not forthcoming.
BANKERS
The First International Bank of Israel Ltd., Lod Branch (No. 031), Lod.
CHARACTER AND
REPUTATION
Nothing unfavorable learned.
Subject's shareholders are relatives of the Hamama family, veteran
dealers in the foodstuff trade area (largest company is HAMAMA MEIR TRADE
(1996) LTD.).
Subject is considered as large suppliers in their field of raw materials
to the local food industry.
Subject’s officials refused to disclose financial details.
According to the Foodstuff Industry Union in the
Industrialists' Association, 2006 sales of foodstuff by the food industry rose
by 2.9% from 2005, reaching
Imports of foodstuff to
SUMMARY
Notwithstanding the refusal to disclose financial details, considered
good for trade engagements.
Maximum unsecured credit recommended US$ 200,000.
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%)