MIRA
INFORM REPORT
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Report Date : |
03.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
KOL NOY PRESERVED AND DRIED PLANTS LTD |
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Registered Office : |
House #223, Mobile
Post Ephraim, NIRIT 44805 |
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Country : |
Israel |
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Date of Incorporation : |
07.08.1972. |
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Legal Form : |
A Private Limited Company |
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Line of Business : |
Importers, exporters
and distributors of dried plants and decorative items. |
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$ 40,000. |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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Litigation : |
Clear |
Name & address
KOL NOY PRESERVED
AND DRIED PLANTS LTD.
Telephone 972 3 930 19 92
Fax 972 3 938 84 78
House #223
Mobile Post
Ephraim
NIRIT 44805 ISRAEL
HISTORY
A private limited
company, incorporated as per file No. 51-061823-4 on the 07.08.1972.
SHARE CAPITAL
Authorized share capital
NIS 2.00, divided into -
10
management shares,
19,990
ordinary shares, all of NIS 0.0001 each,
of which shares
amounting to NIS 1.00 were issued.
SHAREHOLDERS
1. Doron Even-Ezra,
2. Mrs. Einat Even-Ezra, wife of Doron, holding
1% of issued ordinary shares.
SOLE DIRECTOR & GENERAL
MANAGER
Doron Even-Ezra.
BUSINESS
Importers,
exporters and distributors of dried plants and decorative items.
Also marketers and
exporters of dried plants manufactured by sister company KOL NOY EMBALMED AGRICULTURAL
PLANTS MANUFACTURING (1989) LTD.
Around one third
of sales are for export.
Sales are also via
e-shopping web-site www.kolnoy.co.il
Among local
suppliers: CHEMIPRINT, AVRECH YONA (diesel supplier), etc.
Operating from an
office at the residence of the shareholders (owned), in Nirit village (House
No. 223), located near Kfar Saba.
Sister company is
operating from a plant and a warehouse, also used by subject, on an area of
3,000 sq. meters, in Kfar Bara village (near Nirit).
Having 2 employees
in subject and 17 employees in total serving both subject and sister company.
MEANS
Current
consolidated stock is valued at NIS 2,000,000 (subject and sister company).
Other financial data not forthcoming.
There are 2 fixed and floating charges for
unlimited amounts registered on the company's assets (financial assets), in
favor of Bank Hapoalim Ltd. and Mizrahi Tefahot Bank Ltd.
ANNUAL SALES
Consolidated sales
by subject and KOL NOY EMBALMED AGRICULTURAL PLANTS MANUFACTURING (1989) LTD.:
2006 sales claimed
to be NIS 7,000,000, of which 45% were for export.
2007 sales claimed
to be NIS 6,000,000, of which one third were for export.
OTHER COMPANIES
KOL NOY EMBALMED
AGRICULTURAL PLANTS MANUFACTURING (1989) LTD., owned by subject's shareholders,
embalmers and dryers of plants.
BANKERS
Mizrahi Tefahot
Bank Ltd., Petach Tikva Business Branch (No. 429), Petach Tikva, account No.
549310.
A check with the Central Banks' database did
not reveal anything detrimental regarding subject’s a/m account.
CHARACTER AND REPUTATION
Nothing
unfavorable learned.
Subject is very
long established.
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%)