MIRA
INFORM REPORT
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Report Date : |
25.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
NISHA BAHATSER LTD |
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Registered Office : |
48 Salame Rd.TEL AVIV 66073 |
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Country : |
Israel |
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Date of Incorporation : |
22.03.1995 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Marketers of Household Wares and Furniture, Pictures
Frames, Home Textile, Jewellery and Decorative Accessories. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 50,000. |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
NISHA BAHATSER
LTD.
(Also trading as:
"HADARIM")
Telephone 972 3 681 06 78
Fax 972 3 681 06 91
48 Salame Rd.
TEL AVIV 66073 ISRAEL
HISTORY
A private limited company, incorporated as
per file No. 51-212684-8 on the 22.03.1995, succeeding a sole proprietorship
which was established in 1993, and operated in same line.
SHARE CAPITAL
Authorized share
capital NIS 27,100.00, divided into - 27,100 ordinary shares of NIS 1.00 each,
of which shares
amounting to NIS 100.00 were issued.
SHAREHOLDERS
Subject is fully owned by Ms. Galit Crystal.
SOLE DIRECTOR & GENERAL
MANAGER
Galit Crystal.
BUSINESS
Importer and marketers of household wares and
furniture, pictures frames, home textile, jewellery and decorative accessories.
Operating a retailer store for the said
goods, under the style "Hadarim".
All sales are to the local market, mostly to
privates.
All purchasing is from import.
Operating from rented premises (offices and
warehouse), on an area of 1,000 sq. meters, in 48 Salame Rd., Tel Aviv.
Having 15 employees.
MEANS
Current stock is valued at NIS 1,000,000.
Other financial data not forthcoming.
There are 2 charges for unlimited amounts
registered on subject’s assets (financial assets), in favor of Bank Leumi
LeIsrael Ltd. and Bank Hapoalim Ltd.
ANNUAL SALES
2006 sales claimed to be NIS 6,700,000.
2007 sales claimed to be NIS 7,200,000.
BANKERS
Bank Leumi LeIsrael
Ltd., Bialik Branch (No. 803), Tel Aviv,
account No. 68000/10.
Bank Hapoalim
Ltd., Hadarom Branch (No. 517), Tel Aviv, account No. 256797.
A check with the Central Banks' database did
not reveal any negative information regarding subject's a/m accounts.
CHARACTER AND REPUTATION
Nothing unfavourable learned.
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
Good for trade engagements.
Maximum unsecured
credit recommended US$ 50,000.
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%)