MIRA
INFORM REPORT
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Report Date : |
17.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
HAMAMA HAIM & IGAL MARKETING & TRADE
LTD. |
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Registered Office : |
48 Menachem Begin Rd. Aviv Towers, TEL AVIV 66880 |
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Country : |
Israel |
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Date of Incorporation : |
11.2.1998 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers and Marketers of Foodstuff, Mainly Legumes. |
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
HAMAMA HAIM & IGAL MARKETING & TRADE LTD.
Telephone 972 3
688 79 04
Fax 972 3 537 91 88
48 Menachem Begin
Rd.
Aviv Towers
TEL AVIV 66880 ISRAEL
HISTORY
A private limited
company, incorporated as per file No. 51-259889-7 on the 11.2.1998.
SHARE CAPITAL
Authorized share
capital NIS 35,700.00, divided into -
35,700 ordinary
shares of NIS 1.00 each, of which shares amounting to NIS 100.00 were issued.
SHAREHOLDERS
1. Haim Hamama, 50%,
2. Igal Hamama, 50%.
DIRECTORS & JOINT GENERAL
MANAGERS
1. Haim Hamama,
2. Igal Hamama.
BUSINESS
Importers and
marketers of foodstuff, mainly legumes.
Among customers are
Tehina plants (tehina is a Middle-Eastern sesame-made paste).
All purchasing is
from import.
Operating from rented offices, on an area of 67 sq. meters in 48
Menachem Begin Rd., Aviv Towers, Tel Aviv, and from rented bonded warehouses
near the Ashdod Port.
Having 4 employees
(as of end of 2007).
MEANS
Financial data not
forthcoming.
There are 2 charges for unlimited amounts registered on the company's
assets (financial assets), in favor of The First International Bank of Israel
Ltd.
ANNUAL SALES
Sales figures not
forthcoming.
BANKERS
The First International Bank of Israel Ltd., Lod Branch (No. 031), Lod.
CHARACTER AND REPUTATION
In our previous
subject’s Co-General Manager, Haim Hamama, cooperated with us, although refused
to disclose financial details.
When we spoke with
Mr. Hamama this time he was reluctant to share any information with us.
However, he
commented that they are working on a lower volume than before and activity has
been contracted in money terms, mentioning it is concerning the high prices
of commodities. He told us they are buying less than before, and after that
refused to elaborate any further.
In our research,
we did not find anything detrimental concerning subject.
Subject's
shareholders are relatives of the Hamama family, veteran dealers in the
foodstuff trade area.
Subject has been
considered as large suppliers in their field of raw materials to the local food
industry.
SUMMARY
Considering the
above said and the refusal to update details, 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%)