MIRA
INFORM REPORT
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Report Date : |
03.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
HILU - PULSES SORTING & TRADE INSTITUTE LTD. |
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Registered Office : |
Shefayim 60990 |
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Country : |
Israel |
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Date of Incorporation : |
20.08.1991 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers, Exporters and Marketers of Pulses,
Operating a Plant for Pulses Sorting |
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
:HILU - PULSES
SORTING & TRADE INSTITUTE LTD.
Telephone 972 9 952 36 24
Fax 972 9 952 36 67
SHEFAYIM 60990 ISRAEL
HISTORY
A private limited company,
incorporated as per file No. 51-159963-1 on the 20.08.1991.
(Note: It is
possible that subject is also using the style you provided: HILU PULSES AND
SEEDS MARKETING LTD.)
SHARE CAPITAL
Authorized share
capital NIS 17,600.00, divided into -
17,600 ordinary shares of NIS 1.00 each, of
which shares amounting to NIS 1,000.00 were issued.
SHAREHOLDERS
1. Yehezkel Hilu, 51%,
2. Mrs. Yehudith Hilu, 49%, wife of
Yehezkel.
DIRECTORS
1. Yehezkel Hilu, General Manager,
2. Mrs. Yehudith Hilu.
BUSINESS
Importers, exporters and marketers of pulses, operating a plant for pulses
sorting.
Operating from
premises (offices and plant), in Kibbutz Shefayim, a locality north of
Herzliya.
Number of
employees not forthcoming.
MEANS
Financial data not
forthcoming.
There are 2
charges for unlimited amounts registered on the company's assets (financial and
fixed assets), in favor of Israel Discount Bank Ltd.
ANNUAL SALES
Sales figures not
forthcoming.
BANKERS
Israel Discount
Bank Ltd., branch data not forthcoming.
Subject may be
working with other banks as well.
CHARACTER AND REPUTATION
Nothing
unfavorable learned.
Subject's
shareholder, Ms. Yehudith Hilu, refused to disclose any business information on
their company. She said they are well-known in the branch and the only pulses
sorting plant in Israel.
SUMMARY
Although subject
may be known in its field (as informed by the shareholder), considering the
refusal to disclose any data,
dealings are recommended on a secured basis.
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%)