MIRA
INFORM REPORT
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Report Date : |
06.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
WINPACK TRADE LTD |
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Registered Office : |
39 Lewinsky Street, Tel Aviv 66109 |
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Country : |
Israel |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
14.02.2007 |
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Com. Reg. No.: |
51-394114-6 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers and Marketers of disposable products, mainly kitchen goods, plastic
and paper cups, aluminum trays, aluminum foils, Etc. |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not recommended |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Company Name and
Address
WINPACK TRADE LTD.
Telephone 972 3 681 86 55
Fax 972 3 681 82 72
39 Lewinsky Street
TEL AVIV 66109 ISRAEL
HISTORY
A private limited company, incorporated as per file No. 51-394114-6 on the 14.02.2007.
Subject was established in view of expanding the scope of activities of a business of one of subject's shareholders, Shmuel Eisenthal, who has been operating in the line of activities since the beginning of the 2000s and decided to join forces with subject's other shareholder, Israel Aviav.
SHARE CAPITAL
Authorized share capital NIS 50,000.00, divided into -50,000 ordinary shares of NIS 1.00 each, of which shares amounting to NIS 100.10 were issued.
SHAREHOLDERS
1. Shmuel Eisenthal, 50%,
2. Israel Aviav, 50%.
DIRECTORS AND JOINT
GENERAL MANAGERS
1. Shmuel Eisenthal,
2. Israel Aviav.
BUSINESS
Importers and marketers of disposable products, mainly kitchen goods, e.g. plastic and paper cups, aluminum trays, aluminum foils, etc.
Among clients are chain
stores, wholesalers and corporate clients, such as:
"ALL in $1",
GURI ATZMON SNIR, CLEANING HAGALIL, TAVNIKAL MARKETING PACKAGING PRODUCTS,
RESHET BARKOL, AR-EL PACKAGINGS, NUR DETERGENTS MARKETING & DISTRIBUTION, KLIR CHEMICALS-MANUFACTURING & MARKETING, etc.
100% of purchases are
imported.
Sole local
representatives of (main ones, among others):MAZLUM, of Turkey (the agency Shmuel
Eisenthal used to hold prior to
establishing subject).
GENMAY INDUSTRIES,
ASHBURM, of China.
Operating from rented
office premises, on an area of 100 sq. meters, in 39 Lewinsky Street,
Tel Aviv.
We are informed by subject's
General Manager, that they recently acquired property in Yavne Industrial Zone
(see more below in MEANS), on an area of 200 sq. meters, to where they plan to
move within the coming months.
Having 5 employees
(including shareholders/ General Managers).
MEANS
Holding no stocks, work is based on orders.
Subject recently
acquired property in the Industrial Zone, Yavne, in consideration of US$
65,000. They also plan to invest in renovations.
Other financial data
not forthcoming.
There are 2 charges for
unlimited amounts registered on the company assets (financial assets), in favor
of Mercantile Discount Bank Ltd.
ANNUAL SALES
Sales started in March
2007.
2007 (9 months) sales
claimed to be NIS 9,500,000.
BANKERS
Mercantile Discount
Bank Ltd., Rishon Le-Zion Branch (No. 803), Rishon Le-Zion, account No. 002481.
A check with the Central Banks' database did not reveal any negative information regarding subject's a/m account.
CHARACTER AND
REPUTATION
Nothing unfavorable
learned.
Both shareholders of subject enjoy experience in their field.
Mr. Israel Aviav used
to work as a marketing manager for 7 years prior to establishing subject, in a
leading local company SUPER CERAMIC, importers and marketers of ceramics and
sanitary ware.
WINPACK TRADE LTD. - 3 -
SUMMARY
Despite being
relatively newly established, considered good for trade engagements.
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%)