MIRA
INFORM REPORT
|
Report Date : |
08.07.2008 |
IDENTIFICATION
DETAILS
|
Name : |
GAD PACKAGING
& INTERNATIONAL TRADE LTD. |
|
|
|
|
Formerly Known as : |
GAD – CAMPING AND ENTERPRISE LTD |
|
|
|
|
Registered Office : |
4 Pasternak Street,
Neve Avivim, Tel Aviv 69205 |
|
|
|
|
Country : |
Israel |
|
|
|
|
Date of Incorporation : |
23.03.2006. |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importers and Marketers of Packaging Products, Mainly Sacks for
Agricultural Sector and Others |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
US$ 35,000. |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name & address
GAD PACKAGING & INTERNATIONAL TRADE LTD.
Telephone 972 3 641 81 60
Cellular 972 54 540 60 07
Fax 972 3 641 80 63
4 Pasternak Street
Neve Avivim
TEL AVIV 69205 ISRAEL
HISTORY
A private limited
company, incorporated as per file No. 51-205206-9 on the 23.03.2006.
Originally
registered under the name GAD – CAMPING AND ENTERPRISE LTD., which changed to
the present name on the 08.01.2007.
SHARE CAPITAL
Authorized share
capital NIS 1,000,000.00, divided into -
1,000,000 ordinary
shares of NIS 1.00 each,
of which shares
amounting to NIS 333,300.00 were issued.
SHAREHOLDERS
1. Gideon Cohen, 99%,
2. HOPHBERGER LIMITED, a foreign company from
Ireland, 1%.
SOLE DIRECTOR & GENERAL
MANAGER
Gideon Cohen.
BUSINESS
Importers and
marketers of packaging products, mainly sacks for agricultural sector and
others.
98% of purchases
are imports.
Purchasing is from
the Far East: 65% from China, 30% from India, the rest from other countries.
Amongst clientele:
AMIR SUPPLY, NAYER (2002), etc.
Operating from an
office at the private residence of Gideon Cohen, in 4 Pasternak Street, Neve
Avivim, Tel Aviv.
Having 2 employees
(General Manager Gideon Cohen and another employee).
MEANS
Holding no stocks,
work is based on orders.
Financial data not
forthcoming.
There are 2 fixed
charges for unlimited amounts registered on the company assets, in favor of Mizrahi
Tefahot Bank Ltd. and Israel Discount Bank Ltd.
ANNUAL SALES
2006 sales claimed
to be NIS 10,000,000.
2007 sales claimed
to be NIS 10,000,000.
Sales for the
first half of 2008 said to be at same pace as in the previous years.
BANKERS
Israel Discount
Bank Ltd., Mevaseret Zion Branch (No. 510), Mevaseret Zion.
CHARACTER AND REPUTATION
Nothing
unfavorable learned.
SUMMARY
Good for trade
engagements.
Maximum unsecured
credit recommended US$ 35,000.
Note
The correct cellular
telephone number.
.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.13 |
|
UK Pound |
1 |
Rs.85.02 |
|
Euro |
1 |
Rs.67.77 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to recommend
credit dealings |
No Rating |
|
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%)