MIRA INFORM REPORT
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Report Date : |
30.11.2011 |
IDENTIFICATION DETAILS
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Name : |
SHULEVITZ FISHER LTD. |
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Registered Office : |
84 Ben Zvi Rd.,
Panorama Building, Tel Aviv 68104 |
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Country : |
Israel |
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Date of Incorporation : |
04.10.1994 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers and marketers
of sports apparel (active-wear) and working/ professional clothes and
uniforms |
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No. of Employees
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12 Persons |
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$ 40,000 |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
SHULEVITZ FISHER LTD.
Telephone 972 3 682 60 05
Fax 972 3 682 95 92
84 Ben Zvi Rd.
Panorama Building
TEL AVIV 68104-ISRAEL
HISTORY & LEGAL FORMATION
A private limited
company, incorporated as per file No. 51-202917-4 on the 04.10.1994.
Business activities
of shareholders started many years earlier (though we do not know in which
forms).
SHARE CAPITAL
Authorized share capital NIS 25,200.00, divided into-
25,200 ordinary shares of NIS
1.00 each,
of which 100
shares amounting to NIS 100.00 were issued.
SHAREHOLDERS
1.
Warren Fisher, 50%,
2.
Gabriel Fisher, 50%.
DIRECTORS & JOINT GENERAL
MANAGERS
· Warren Fisher,
· Gabriel Fisher.
BUSINESS
Importers and
marketers of sports apparel (active-wear) and working/ professional clothes and
uniforms.
Also designers,
manufacturers and marketers of sports apparel and working/ professional clothes
and uniforms (according to subject and client’s specifications) – subject carry
out cutting works, while sewing is done by sub-contractors, in China.
Selling under
brand names “Kudu Activeware” and “Allwear”.
Among clients are
leading local companies, e.g.: ELECTRA, HOGLA KIMBERLY, STRAUSS GROUP, Ramat
Gan Safari, and more.
All purchasing is
from import.
Operating from owned premises (offices, workshop,
showroom), on an area of 500 sq. meters, in 84 Ben Zvi Road, Panorama Building,
Tel Aviv.
Having 12
employees as of the end of 2010, and also employing sub-contractors’ employees
according to needs.
MEANS
Owned property in Panorama Building, Tel Aviv (where subject is
operating from) is valued at US$ 700,000.
Other financial data not forthcoming.
There are 3 charges for unlimited amounts, as well as 1 charge for the
sum of
NIS 120,000.00 registered on the company’s assets (financial assets and
vehicles), in favor of Bank Hapoalim Ltd. and Mizrahi Tefahot Bank Ltd. (last
charge placed August 2011).
SALESS
Sales figures not forthcoming.
BANKERS
Mizrahi Tefahot Bank Ltd., Ben Yehuda Branch (No. 401), Jerusalem,
account No. 548166.
Bank Hapoalim Ltd., Hadarom Branch (No. 517), Tel Aviv, account No.
272830.
A check with the Central Banks' data base did not reveal negative
information regarding subject’s a/m accounts.
CHARACTER AND REPUTATION
Nothing unfavorable learned.
Subject’s co-General Manager refused to disclose information claiming he
is very busy.
Subject is veteran, known to be among the several leading local
suppliers of working and professional apparel.
SUMMARY
Notwithstanding
the refusal to disclose data, considered good for trade engagements.
Maximum unsecured credit recommended US$ 40,000.
Note: the address you provided (Ben Yehuda Street,
Jerusalem), is the address of subject's bank (Mizrahi Tefahot
Bank).
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.93 |
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UK Pound |
1 |
Rs.80.62 |
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Euro |
1 |
Rs.69.37 |
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.