MIRA
INFORM REPORT
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Report Date : |
30.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
EAST AND WOOD |
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Registered Office : |
Farm #76 Kfar
Hanagid76875 |
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Country : |
Israel |
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Date of Incorporation : |
September 2007. |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importers and Marketers of Furniture,
Ornamental and Decorative Products for the Home, Giftware, 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 : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name
& address
EAST AND WOOD
(using trade name EAST&WOOD Art of the East)
Telephone 972
8 933 34 69
Fax 972
8 933 34 70
Farm #76
KFAR HANAGID76875 ISRAEL
HISTORY AND LEGAL FORMATION
A sole
proprietorship, established in September 2007.
Operating under
License Dealer No. 303883631.
The business is registered the Tax
Authorities under the name of "Slava Linkovsky".
OWNERSHIP
Slava Linkovsky.
GENERAL MANAGER
Slava Linkovsky, born in 1981, immigrated to Israel in 1990, residing in 7 Harakefet
Street, Zoran.
BUSINESS
Importers and
marketers of furniture, ornamental & decorative products for the home,
giftware, etc.
Importing mainly
from the Far East: India, Thailand, China, Indonesia.
Operating from
rented premises, in Farm ("Meshek" in Hebrew) No. 76, Kfar Hanagid (a
Moshav, a cooperative settlement near Rehovot).
Having 5 employees
including owner.
MEANS
Financial data not
forthcoming.
ANNUAL
SALES
Sale figures not
forthcoming.
OTHER
COMPANIES
Mr. Slava Linkovsky
informs us that he owns a private company for productions.
BANKERS
Bank Hapoalim Ltd., Bank
Leumi LeIsrael Ltd.
Mercantile Discount Bank Ltd., branches or account numbers not disclosle.
CHARACTER
AND REPUTATION
Nothing
unfavorable learned.
Owner Mr. Slava Linkovsky
refused to disclose financial and related details on his business.
The total giftware
market in Israel is estimated at NIS 4.83 million (not including holidays
presents) according to a report from September 2006. The market is divided into
perfumes (31%), flowers and flowerpots (19%), books (17%), household goods
(17%), pleasure gifts (8%), wine (6%) and others.
SUMMARY
Subject is a
business in first year operations, financial data unavailable.
Dealings are
recommended on a fully secured basis.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.42.47 |
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UK Pound |
1 |
Rs.84.00 |
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Euro |
1 |
Rs.66.14 |
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%)