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Report Date : |
19.04.2012 |
IDENTIFICATION DETAILS
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Name : |
DANIAL IMPORT FROM THE EAST LTD. |
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Formerly Known As : |
DANIAL IMPORT |
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Registered Office : |
P.O. Box |
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Country : |
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Year of Establishment : |
1997 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers and marketers of furniture and gift ware from the |
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No. of Employees : |
6 |
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$ 20,000 |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
DANIAL IMPORT FROM THE EAST LTD.
(Also known as DANIAL IMPORT)
Telephone 972 4 839 23 33
Fax 972 4 839 15 80
P.O. Box 1141
Aba Hushi Ave.
USSEFIYA 3009000
Original established as a sole proprietorship in 1997.
Converted into a private limited company and
registered as such as per file
No. 51-348478-2 on the 30.12.2003.
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.
Subject is fully
owned by Uri Akram Mansur.
Uri Akram Mansur.
Importers and marketers of furniture and gift ware from the Far East.
80% of purchase is from India.
Sales are to over 200 retail stores and to private individuals.
Operating from premises, half owned by shareholders and half rented, on an
area of 1,000 sq. meters, in Aba Hushi Ave, Ussefiya.
Having 6 employees (same as in 2010).
Financial data not forthcoming.
There are 2 charges for unlimited amounts registered on the company's
assets (financial assets and a vehicle), in favor of Israel Discount Bank Ltd.
(last charge placed November 2006).
2009 sales claimed to be NIS 5,000,000.
Later sales data not forthcoming.
Israel Discount
Bank Ltd., Hamifratz Branch (No. 176), Haifa, account
No. 17835.
A check with the
Central Banks' database did not reveal anything detrimental on subject’s a/m
account.
Nothing
unfavorable learned.
Subject's General
Manager refused to disclose financial data.
The local
household products market is considered highly competitive after reaching
market saturation. It includes household textile, tableware and kitchenware and
utensils, bath accessories and ornaments &decorative items, ceramic and
glass ware, etc. According to estimations, the local household products market
volume reaches NIS 2.5 – 3 billons annually (of which circa NIS 1 billion for
“home textile”), and includes retail, wholesale, institutional markets (Retail
chains capture 30% of the market share, specialization stores 20%, while the
institutional and workers unions sector has 50% share).
From Central
Bureau of Statistics data, import of Household Utensils in 2011 rose by 7.3%
from 2010, summing up to US$ 589.4 million. This comes after in 2010 import
rose by 15.8% from 2009 (2009 level was similar to 2008).
Notwithstanding the refusal to disclose
financial details, considered good for trade engagements.
Maximum unsecured
credit recommended US$ 20,000.
Note: Since the beginning of 2012 Israel Post started
using a new area code method of 7 digits (the old method of 5 digits will still
be valid till end of 2012).
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.51.89 |
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1 |
Rs.83.18 |
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Euro |
1 |
Rs.68.06 |
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 |
-- |
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.