MIRA
INFORM REPORT
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Report Date : |
06.04.2011 |
IDENTIFICATION DETAILS
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Name : |
A.H. EYAL MARKETING AND TRADE LTD. |
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Registered Office : |
P.O. Box 74, 4A |
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Country : |
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Date of Incorporation : |
23.01.2003 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Traders, Importers and Marketers of Safety
Equipment |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
US$ 25,000 |
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Status : |
Moderate |
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Payment Behaviour : |
No complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
A.H. EYAL MARKETING
AND TRADE LTD.
Telephone 972
8 916 09 03
Fax 972
8 916 09 02
4A
BE'ER YA'AKOV70300
HISTORY & LEGAL FORMATION
A private limited company, incorporated as per file No. 51-337217-7 on the
23.01.2003.
SHARE
CAPITAL
Authorized share capital of
SHAREHOLDERS
Company is fully owned by Eyal Anava.
SOLE
DIRECTOR AND GENERAL MANAGER
Eyal Anava.
BUSINESS
Traders, importers and marketers of safety equipment (including Firefighting
equipment) and cleaning equipment (i.e. high pressure, sand or steam) for
various industrial, governmental, private and institutional sectors.
Among clientele: ISRAEL CHEMICALS, MAKHTESHIM AGAN INDUSTRIES, THE CENTRAL
BOTTLING CO., TEVA PHARMACEUTICAL INDUSTRIES, OSEM FOOD INDUSTRIES, TNUVA,
TEMPO BEVERAGES, RIO NETANYA ICE CREAM & SWEETS FACTORY, YOTVATA DAIRIES,
FELDMAN ICE CREAM, Ministry of Defense, Israel Prison Service, Israel Airport
Authority, municipalities of: Tel Aviv, Petach Tikva, Ashdod, Tiberias, as well
as many (construction) contractors and private clientele.
Some 90% of purchases are imports.
Sole local representatives of (among others):
BM2,
B.F.C., DSC, both of
VIRAJ, of
Operating from rented premises, on an area of 350 sq. meters, in 4A Haim
Road Be'er Ya'akov, a locality near Rishon Le-Zion, part of Be'er Ya'akov local
council (to where subject moved from Unit #16, Zriffin Wholesale Market).
Having 6 employees (same as in 2009).
MEANS
Stock was valued at
There are 14 charges for unlimited amounts registered on the company's
assets (financial assets and vehicles), in favor of Bank Hapoalim Ltd., Mizrahi
Tefahot Bank Ltd., Bank Otsar Hahayal Ltd. and companies (last 4 charges placed in February 2011 on financial assets
and a vehicle).
ANNUAL
SALES
2006 sales claimed to be
2007 sales claimed to be
2008 sales claimed to be
Later sales figures not forthcoming.
OTHER
COMPANIES
A. MONI & SONS LTD., 50% owned by Eyal Anava and 50% by his father,
wholesalers of fruits and vegetables.
BANKERS
Bank Leumi
Le'Israel Ltd., Yehud Branch (No. 837), Yehud, account
No. 163200/64.
Bank Otsar Hahayal
Ltd., Ramat Poleg Branch (No. 316), Netanya, account
No. 029041.
A check with the Central Banks' database did not reveal anything
detrimental on subject’s a/m accounts.
CHARACTER
AND REPUTATION
Nothing unfavorable learned.
Subject's General Manager refused to update financial data.
Subject is operating according to several international standards.
CBS data reveals that gross domestic investment
in machinery and other equipment for the manufacturing industry (both from
import and domestic production) for 2010 rose by some 10% from 2009 (when it
fell by 19% from 2008). Total gross domestic investment in machinery and other
equipment from import alone, rose by 12% (after falling in 2009 by almost 24%).
SUMMARY
Notwithstanding the refusal to disclose
financial details, considered good for trade engagements.
Maximum unsecured credit recommended US$ 25,000.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.45 |
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1 |
Rs.71.59 |
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Euro |
1 |
Rs.63.01 |
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 |
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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-- |
NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.