MIRA INFORM
REPORT
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Report Date : |
05.05.2011 |
IDENTIFICATION DETAILS
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Name : |
ATID PACKAGING LTD. |
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Registered Office : |
11 Habanim Street,
Beit Dagan 50200 |
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Country : |
Israel |
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Date of Incorporation : |
02.06.1998 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufactures, Printers and Marketers of packaging and wrapping materials |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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) |
|
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
ATID PACKAGING
LTD.
Telephone 972 3 960 54 92
Cellular 972 54 568 77 29
Fax 972 3 960 01 57
11 Habanim Street
BEIT DAGAN-50200 ISRAEL
HISTORY & LEGAL FORMATION
A private limited company, incorporated as per file No.51-264072-3 on
the 02.06.1998.
SHARE CAPITAL
Authorized share
capital NIS 35,700.00, divided into -
35,700 ordinary shares of NIS
1.00 each,
of which 200
shares amounting to NIS 200.00 were issued.
SHAREHOLDERS
Subject is fully
owned by Yuval Hanan.
SOLE DIRECTOR AND GENERAL MANAGER
Yuval Hanan, born 1966, son of Asher Hanan.
BUSINESS
Based on our past, manufactures, printers and marketers of packaging and wrapping materials.
We were unable to confirm subject's present activity, as we got no
cooperation at this stage, and subject does not have a website or publications.
Subject’s General Manager and owner, Yuval Hanan, confirmed to us that
subject is operating from premises in 11 Habanim Street, Beit Dagan (probably
an office, as it is a private residential address).
Number of employees not forthcoming.
MEANS
Financial data not forthcoming.
There are 2 charges for unlimited amounts registered on the company’s
assets (financial assets), one charge placed in June
ANNUAL SALES
Sales figures not forthcoming.
OTHER COMPANIES
ATIR ARI LTD. (formerly ATIF PACKAGING (1980) LTD.). According to our
records from the past, this company is owned by Emile Hanan, Asher Hanan and a
third foreign associate, operated in the line of printing and paper coating,
importing of aluminum and wax paper. We assume this company is inactive.
BANKERS
Bank data not forthcoming.
CHARACTER AND REPUTATION
At this stage we are unable to tell the level to which subject is operational.
In the Trade Directories its addresses are 12 Hate’ena Street, Oranit and in
Maale Efraim, both are subject’s former addresses.
Upon contacting Yuval Hanan, at first he refused to cooperate and then
asked us to send him an email with our request – which we did – and he will
return to us. We tried several times to speak to him after the e-mail however
he kept on evading us.
In our check on subject several years ago, a source informed us that the
company sometimes experiences difficulties in financing current operation.
Negative information was traced on an affiliated company – ATIR ARI LTD.
(then ATIF PACKAGING (1980) LTD.); Yuval Hanan is nephew of
Emile Hanan who controlled the company (together with father of Yuval, Asher),
established in 1980 (continuing business activities of a company founded in
1960s).
We found in the files of the Official Receiver at the Ministry of
Justice that a bankruptcy order was issued against Emile Hanan (I.D. No.
46017885, of 12 Hate'ena Street, Oranit) on the 12.11.2006 (case No. 1552/05).
A bankruptcy order was also issued against Asher Hanan on 12.11.2006,
but a cancellation order was issued in September 2008.
SUMMARY
Considering the above said, and the refusal to disclose information,
dealings are recommended on a fully secure basis or cash in advance only!
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.59 |
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UK Pound |
1 |
Rs.73.42 |
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Euro |
1 |
Rs.66.04 |
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.