MIRA
INFORM REPORT
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Report Date : |
09.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
RIKMAT PLADA LTD. |
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Registered Office : |
P.O. Box 10188 Kiryat Ata (26112), 18 Tuval Street, Haifa Bay
Industrial Zone HAIFA 26247 |
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Country : |
Israel |
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Date of Incorporation : |
28.8.1967 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturers and Marketers of Sifting Nets. |
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$ 80,000. |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
RIKMAT PLADA LTD.
Telephone 972 4 841 52 54
Fax 972 4 841 35
93
P.O. Box 10188 Kiryat Ata (26112)
18 Tuval Street,
Haifa Bay Industrial Zone
HAIFA 26247 ISRAEL
HISTORY & LEGAL FORMATION
A private limited
company, incorporated as per file No. 51-048782-0 on the 28.8.1967.
SHARE CAPITAL
Authorized share
capital NIS 93.00, divided into -
93,000 ordinary
shares of NIS 0.001 each, of which shares amounting to NIS 92.00 were issued.
SHAREHOLDERS
Subject is fully owned by Daniel (Dani) Vashdi.
SOLE DIRECTOR & GENRAL
MANAGER
Daniel (Dani)
Vashdi.
BUSINESS
Manufacturers and
marketers of sifting nets.
Clientele: SOLEL
BONEH, PIONEER CONCRETE, EVEN VE'SID INDUSTRIES, etc.
All supplies are
imported.
Operating from
owned premises (offices and plant), on an area of 1,000 sq. meters, in 18 Tuval
Street, Haifa Bay Industrial Zone, Haifa. The building floor where subject
operates from has 2 entrances: one at 8 Arieh Shenkar Street, and the other at
18 Tuval Street.
Having 14
employees (same as in 2007).
MEANS
Financial data not
forthcoming.
There are 9
charges for unlimited amounts registered on the company's assets, in favor of
Bank Leumi Le’Israel Ltd., Bank Hapoalim Ltd., Mizrahi Tefahot Bank Ltd. and
Union Leasing Ltd.
ANNUAL SALES
Sales figures not
forthcoming.
BANKERS
Bank Leumi
Le’Israel Ltd., Halutzei Hata'asiya Business Branch (No. 889), Haifa.
CHARACTER AND REPUTATION
Nothing
unfavorable learned.
Subject’s General
Manager refused to disclose any financial data.
This is a very
long established company.
SUMMARY
Notwithstanding
the refusal to disclose details, considered good for trade engagements.
Maximum unsecured
credit recommended US$ 80,000.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.26 |
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UK Pound |
1 |
Rs.79.00 |
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Euro |
1 |
Rs.63.53 |
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%)