MIRA INFORM REPORT

 

 

Report Date :

26.12.2011

 

IDENTIFICATION DETAILS

 

Name :

GREEN IDEAS LTD.

 

 

Formerly Known As :

GREEN IDEAS

 

 

Registered Office :

P.O. Box 3017, Hod Hasharon (45130) Farm No. 33 Street Adanim 45925

 

 

Country :

Israel

 

 

Year of Establishment :

2004

 

 

Com. Reg. No.:

No. 51-424315-3

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importers and marketers of environment friendly products (canvass bags, biodegradable disposable products, etc.)

 

 

No. of Employees :

2

 

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$ 10,000

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 30, 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 and address      

 

GREEN IDEAS LTD.

Telephone       972 77 427 08 52

Fax                972 77 427 08 52

P.O. Box 3017, Hod Hasharon (45130)

Farm No. 33 Street

ADANIM         45925-ISRAEL

 

 

HISTORY & LEGAL FORMATION

 

Originally established as a sole proprietorship under the name GREEN IDEAS in during the 4th Quarter of 2004.

 

Converted into a private limited company, and registered as such as per file

No. 51-424315-3 on the 16.02.2009.

 

 

SHARE CAPITAL

 

Authorized share capital NIS 10,000.00, divided into -

                 10,000 ordinary shares of NIS 1.00 each,

of which1,000 shares amounting to NIS 1,000.00 were issued.

 

 

SHAREHOLDERS

 

Subject is fully owned by Itamar Danieli.

 

 

SOLE DIRECTOR & GENERAL MANAGER

 

Itamar Danieli.

 

 

BUSINESS

 

Importers and marketers of environment friendly products (canvass bags, biodegradable disposable products, etc.)

 

All purchase is import.

 

Among clientele: TEVA MARKET, SHUFERSAL, TIV TAAM, ORGANIC MARKET, ISROTEL, A.B.A VICTORY, MIRS COMMUNICATIONS, LAMETAYEL, RIMONIM HOTELS, and more.

 

Sole local representatives of:

BIO – BAG INT., of Sweden.

 

Operating from rented premises, on an area of 170 sq. meters, in Adanim Village (“Moshav Adanim”, where “moshav” is a local typical village or settlement, in particular a type of cooperative agricultural community of individual farms), situated near Hod Hasharon

 

Having 2 employees, including Itamar Danieli.

 

 

MEANS

 

Current stock is valued at NIS 300,000.

Other financial data not forthcoming.

 

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

 

 

REVENUES

 

2010 sales claimed to be NIS 1,300,000.

2011 sales claimed to be NIS 1,500,000.

 

 

BANKERS

 

Bank Leumi Le'Israel Ltd., Arlozorov Branch (No. 808), Tel Aviv, account

No. 351900/54

 

 

CHARACTER AND REPUTATION

 

Nothing unfavorable learned.

 

 

SUMMARY

 

Good for trade engagements.

Maximum unsecured credit recommended US$ 10,000.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.72

UK Pound

1

Rs.82.70

Euro

1

Rs.68.90

 

 

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.