MIRA
INFORM REPORT
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Report Date : |
19.10.2007 |
IDENTIFICATION DETAILS
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Name : |
RAF-KO CLEANING UTENSILS INDUSTRY LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
16.12.1996 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Designers,
manufacturers and marketers of cleaning products and accessories, mainly floor
mops, buckets and paper facilities (for toilets and kitchens). |
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 |
Correct Name &
address
RAF-KO CLEANING
UTENSILS INDUSTRY LTD.
MISHMAR HASHIVA
50297
Telephone 972 3 960 16 65
Fax 972 3 960 16 64
HISTORY
A private limited
company, incorporated as per file No. 51-240991-3 on the 16.12.1996.
SHARE CAPITAL
Authorized share
capital
SHAREHOLDERS
Subject is fully
owned by Zvulun Kurt.
SOLE DIRECTOR AND
GENERAL MANAGER
Zvulun Kurt.
BUSINESS
Designers, manufacturers
and marketers of cleaning products and accessories, mainly floor mops, buckets
and paper facilities (for toilets and kitchens).
Amongst subject’s
clientele: KLIR CHEMICALS, NUR CLEANING MATERIALS, OHEV ZION, etc.
Amongst subject’s
suppliers: ROSENSTEIN PLAST, HI PLAST, HAMIVRESHET BRUSH INDUSTRY KIBBUTZ
RUHAMA, PLASTOMATIC, etc.
Operating from
rented premises (offices, warehouse and a plant), on an area of 1,000 sq.
meters, in Mishmar Hashiva village (near Tel Aviv).
Having 12
employees.
MEANS
Current stock is
valued at
Other financial data not forthcoming.
There are 5 charges for unlimited amounts registered on the company's
assets, in favor of Union Bank of Israel Ltd. and local companies.
ANNUAL SALES
2005 sales claimed
to be
2006 sales claimed
to be
First 9 months of
2007 sales claim to be
BANKERS
Union Bank of
Israel Ltd., Tel Aviv Main Branch (No. 063) Tel Aviv, accounts Nos. 557800/80
and 557800/30.
A check with the
Central Banks' database did not reveal any negative information regarding
subject’s a/m accounts.
CHARACTER AND
REPUTATION
Nothing
unfavorable learned.
SUMMARY
Good for trade engagements.
Maximum unsecured credit recommended US$ 40,000.
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%)