MIRA INFORM REPORT

 

 

Report Date :           

20.12.2011

 

IDENTIFICATION DETAILS

 

Name :

RON BEN SHACHAR LTD.

 

 

Registered Office :

47 Haeshel Street, Herzliya Pituach, Herzliya 46603

 

 

Country :

Israel

 

 

Date of Incorporation :

29.10.2000

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importers, Exporters, Marketers and International traders of foodstuff and spices for human consumption, as well as animals’ feedstuff, bird's feed, etc.

 

 

No. of Employees :

2 persons

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

US$ 50,000.

Status :

Small Company 

Payment Behaviour :

No Complaints

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Israel

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address

 

RON BEN SHACHAR LTD.

Telephone                  972 9 957 74 40 /1

Fax                            972 9 957 74 42

47 Haeshel Street

Herzliya Pituach

HERZLIYA                  46603               ISRAEL

 

 

HISTORY & LEGAL FORMATION

 

A private limited company, incorporated as per file No. 51-302637-7 on the 29.10.2000.

 

 

SHARE CAPITAL

 

Authorized share capital NIS 39,100.00, divided into -

                   39,100 ordinary shares of NIS 1.00 each,

of which 100 shares amounting to NIS 100.00 were issued.

 

 

SHAREHOLDERS

 

Subject is fully owned by Amos Ben-Shachar.

 

 

SOLE DIRECTOR & GENERAL MANAGER

 

Amos Ben-Shachar.

 

 

BUSINESS

 

Importers, exporters, marketers and international traders of foodstuff and spices for human consumption, as well as animals’ feedstuff, bird's feed, etc.

 

Among customers: SHIFF & RIBOVSKY PET FOOD MANUFACTURING IMPORT & MARKETING, HAVSHUSH, DAGAN NISSAN & GEFEN, BIOPET, SIGMA GRAINS TRADING, HILO - LEGUME SORTING & TRADE INSTITUTE etc.

 

98% of purchasing is from import.

 

Operating from offices at the owned private residence of the shareholder, in 47 Haeshel Street, Herzliya Pituach, Herzliya. Also rents storage facilities (for short terms, based on needs) at DAGAN SEED CLEANING warehouse in Beer Tuvia.

 

Having 2 employees, including owner/General Manager (had 1 employee in 2010).

 

 

MEANS

 

Work is based mostly on orders.

 

Financial data not forthcoming.

 

The private house of Mr. Ben Shachar in Herzliya Pituach is valued at US$ 2,500,000 (located in a lucrative area in Herzliya).

 

There are no charges registered on the company’s assets.

 

 

REVENUES

 

·         2007 sales claimed to be NIS 4,000,000.

·         2008 sales claimed to be NIS 4,400,000.

·         2009 sales claimed to be NIS 6,500,000.

·         2010 sales claimed to be NIS 6,500,000.

·         2011 sales claimed to be NIS 6,500,000.

 

 

OTHER COMPANIES

 

TIRAT MAC LTD., sister company, a real estate lease company.

 

 

BANKERS

 

Israel Discount Bank Ltd.., Tel Aviv City Branch (No. 014), Tel Aviv, account No. 401129.

 

A check with the Central Banks' database did not reveal any negative information regarding subject's a/m account.

 

CHARACTER AND REPUTATION

 

Nothing unfavorable learned.

 

Until the end of 2002 subject operated as a real estate company, however we were informed that subject is no longer active in that field.

 

Amos Ben-Shachar was the General Manager and a 50% owner in K.A.R. FOR TRADE LTD., importers and marketers of foodstuff and spices. In 2003 he sold his shares in this company.

 

In 2010 subject's General Manager informed us that he –in person- and through TIRAT MAC own a large amount of real estste in Tel Aviv.

 

Local food industry employs 61,000, level which remained stagnant in 2008/9.

 

Import of food and beverages to Israel in 2009 decreased by 9.4% comparing to 2008, but recovered and rose by 15.5% in 2010, reaching US$ 1,986.5 million. A further improvement has been noted in 2011 first 8 months, where import of food & beverages rose 24% comparing to 2010, summing up to US$ 1,626.7 million.

 

CBS data shows that imports of raw food products to Israel in 2010 summed up to US$ 1,673 million, 23% increase from 2009, after in that year there was a 20% decrease from 2008, due to the slow-down trend in local economy. Over 50% of import is from the EU. The growth trend continued in the first 8 months of 2011 –28% rise (compared with 2010), totaling US$ 1,387 million.

 

The local pet food market is evaluated at NIS 300 million in retail prices.

 

 

SUMMARY

 

Good for trade engagements.

Maximum unsecured credit recommended US$ 50,000.

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.96

UK Pound

1

Rs.82.04

Euro

1

Rs.68.91

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.