MIRA INFORM REPORT
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Report Date : |
29.04.2011 |
IDENTIFICATION DETAILS
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Name : |
BEN LINE LTD. |
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Registered Office : |
P.O. Box 3096, 6 Hasadna Street, Kiryat Arie Industrial Zone, Petach Tikva 49130 |
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Country : |
Israel |
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Date of Incorporation : |
28.12.1988 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Traders, importers and marketers of shirts, hats, towels, etc., including printing on these goods |
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$ 60,000. |
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Status : |
Satisfactory |
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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
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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Israel |
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 & address
BEN
LINE LTD.
Telephone 972
3 921 17 37
Fax 972
3 924 55 37
P.O. Box 3096
6
Hasadna Street
Kiryat
Arie Industrial Zone
PETACH TIKVA-49130-ISRAEL
HISTORY & LEGAL FORMATION
A private limited company, incorporated as
per file No. 51-134996-1 on the 28.12.1988.
SHARE CAPITAL
Authorized share capital NIS 10,000.00
divided into -
10,000
ordinary shares of NIS 1.00 each,
of which 100 shares amounting to NIS 100.00
were issued.
SHAREHOLDERS
1. Binyamin Fadlon, 90%,
2. Ms. Miriam Fadlon, 5%,
3. Ms. Yafa Fadlon, 5%.
SOLE DIRECTOR & GENERAL
MANAGER
Binyamin Fadlon.
BUSINESS
Traders, importers and marketers of shirts, hats, towels, etc., including printing on these goods.
50% of purchase is import.
Among local suppliers: TURQUOISE, REICHMAN
KAUFMAN, and more.
Sales are to companies, institutions,
organizations, advertisers, etc.
Among clientele: MILCO INDUSTIES (TERA), COCA
COLA ISRAEL, Ministry of Defense, EL AL AIRLINES, CELLCOM ISRAEL, and many
more.
Operating from owned premises, on an area of
1,000 sq. meters, in 6 Hasadna Street, Kiryat Arie Industrial Zone, Petach
Tikva (to where subject moved some 10 years ago from 65 Gissin Street,
Petach Tikva).
Having 18 employees.
MEANS
Financial data not forthcoming.
There are 4 charges for unlimited amounts registered on the company's
assets (financial assets, equipment and vehicle), in favor of The First
International Bank of Israel Ltd. and companies (last charge placed in May
2010).
ANNUAL SALES
2009 sales claimed to be NIS 9,000,000.
2010 sales claimed to be NIS 10,000,000.
BANKERS
The First International Bank of Israel Ltd.,
Kiryat Arie Branch (No. 020), Petach Tikva.
CHARACTER AND REPUTATION
Nothing unfavorable learned.
Subject’s officials refused to disclose
financial data, besides sales figures.
In August 2010 it was reported that subject filed
a claim against Israel Defense Force for not choosing subject in a tender to
supply clothing for the army, claiming that subject's local production is only
30%, excluding subject from the benefits of the "local purchasing"
Law. Subject claims that its local production is 38% - which enables it to
enjoy the laws benefits. No further data was found on matter.
Subject is a veteran business.
SUMMARY
Good for trade engagements.
Maximum unsecured credit recommended US$
60,000.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.33 |
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UK Pound |
1 |
Rs.74.14 |
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Euro |
1 |
Rs.65.78 |
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.