MIRA INFORM REPORT

 

 

Report Date :

24.10.2011

 

IDENTIFICATION DETAILS

 

Name :

A.M. ARIZOT HAZAFON LTD.

 

 

Registered Office :

P.O. Box 2210 Hamaayan Square Nazareth 16121          

 

 

Country :

Israel

 

 

Date of Incorporation :

25.05.2003

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

--

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

--

 

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  

 

A.M. ARIZOT HAZAFON LTD.

Telephone         972 4 657 52 82

Cellular 972 50 733 33 75

Fax       972 4 646 22 72

P.O. Box 2210

Hamaayan Square

NAZARETH       16121   ISRAEL

 

 

HISTORY & LEGAL FORMATION

 

A private limited company, incorporated as per file No. 51-341367-4 on the 25.05.2003.

 

 

SHARE CAPITAL

 

Authorized share capital NIS 10,000.00, divided into -

10,000 ordinary shares of NIS 1.00 each,

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

 

 

SHAREHOLDERS

 

1.         Adnan Abu Rabia, 50%,

2.         Muhamad Abu Rabia, 50%.

 

 

DIRECTORS & JOINT GENERAL MANAGERS

 

1.         Adnan Abu Rabia,

2.         Mohammad Abu Rabia.

 

 

BUSINESS

 

Line of business not forthcoming, assume to be packaging (subject appearance in local trade directories is scarce, only in one it is mentioned it deals in packaging).

We learn that subject is engaged in import activity.

 

Operating from premises in Hamaayan Square, El-Ein House, Nazareth. Premises serve also other company DFUS HAGALIL NAZARETH.

 

Number of employees not forthcoming, believed to be few.

 

 

MEANS

 

Financial data not forthcoming.

 

There are 3 charges of unlimited amounts registered on the company's assets (financial and fixed assets), in favor of Arab Israel Bank Ltd. (all charges placed during 2006).

 

 

REVENUES

 

Sales figures not forthcoming.

 

 

OTHER COMPANIES

 

DFUS HAGALIL NAZARETH (in English: HAGALIL PRINTING), sister firm, a printing house, operating at the same premises as subject.

 

 

BANKERS

 

Arab Israel Bank Ltd. (ai Bank), branch data not forthcoming.

 

 

CHARACTER AND REPUTATION

 

Subject's owner and General Manager, Mr. Adnan Abu Rabia, refused categorically to disclose any details.

 

We did not find anything detrimental on subject or its shareholders.

 

 

SUMMARY

 

Considering the refusal to disclose any details, dealings are recommended on cash in advance basis only.

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.06

UK Pound

1

Rs.79.15

Euro

1

Rs.69.03

 

 

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.