MIRA
INFORM REPORT
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Report Date : |
23.12.2008 |
IDENTIFICATION DETAILS
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Name : |
PSIFAS ME’HODU VE’AD KUSH LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
30.07.2001 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trades and Importers of Household Textiles (i.e. Sheets, Bed Covers,
Rags, Curtains, Carpets, Towels, etc) |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
PSIFAS ME'HODU VE'AD KUSH LTD.
(English translation: MOSAIC FROM INDIA TO
KUSH LTD*)
Mobile telephone 972 50 521 88 17
Fax 972 3 903 03 29
Industrial Zone
ROSH HA'AYIN 48017
HISTORY & LEGAL FORMATION
A private limited company, incorporated as per file No. 51-313470-0 on
the 30.07.2001.
(* This name has a biblical meaning – “Mosaic from Asia to
SHARE CAPITAL
Authorized share
capital
10,000 ordinary
shares of
of which shares
amounting to
SHAREHOLDERS
Company is fully owned by Yoseph Abramovich.
SOLE DIRECTOR & GENERAL
MANAGER
Yoseph (Yossi) Abramovich
BUSINESS
Traders and importers of household textiles (i.e. sheets, bed covers,
rags, curtains, carpets, towels, etc.)
Some 75% of materials and products are imported (mainly from
Amongst clients:
Operating from rented premises, on an area of 200 sq. meters, in
(The address you provided in
Having 2 employees (owner and another employee), serving subject and
sister business YOSSI ABRAMOVICH - PSIFAS.
MEANS
Subject holds no
stock. Imports are made according to orders.
Other financial data
not forthcoming.
There are 6 charges
for an unlimited amounts registered on the company’s assets (financial assets),
in favor of Bank Hapoalim Ltd. and Bank Otsar Hahayal Ltd.
ANNUAL SALES
Subject has no sales. All sales are to affiliate YOSSI ABRAMOVICH -
PSIFAS, owned by Yoseph Abramovich, who has sales of
(Note: Although we could not confirm the sales figures provided to us
by owner Mr. Abramovich, we figure the sum provided is somewhat exaggerated).
OTHER COMPANIES
YOSSI ABRAMOVICH - PSIFAS, a sole proprietorship fully owned by Yoseph
Abramovich, operating since 1995, selling subject’s imported goods, has 1
employee.
BANKERS
Bank Hapoalim Ltd., Magdiel Branch (No.
678), Hod Hasharon, account
No. 218617.
A check with the Central Banks’ database did not reveal anything
detrimental on subject a/m account.
CHARACTER AND REPUTATION
Nothing unfavorable learned.
We were unable to figure out the reason for separation between subject and
the sole proprietorship he owns.
According to the Central
Bureau of Statistics, import of fabrics and yarns increased in 2007 by 81% comparing to the
previous year, summing up to
US$ 683.1 million.
The Israeli Chamber of Commerce noted that in 2006 the Chinese
production comprised over 20% of the imported textile goods followed by
The local textile and fashion market is valued at
According to estimations, the local household products market volume
reaches
The "Home Textile" market rolls, according to estimations in
the branch,
SUMMARY
Dealings are recommended on a secured basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.99 |
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1 |
Rs.72.49 |
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Euro |
1 |
Rs.68.44 |
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%)