MIRA INFORM REPORT

 

 

Report Date :

03.08.2012

 

IDENTIFICATION DETAILS

 

Name :

DOR.KY DEVELOPMENT & MARKETING LTD

 

 

Formerly Known As :

DOR.VET DEVELOPMENT & MARKETING LTD

 

 

Registered Office :

P.O. Box 232, Nes Ziona (7410102), 48 Hasanhedrin Ave., Northern Industrial Zone, Yavne 8121546

 

 

Country :

Israel

 

 

Date of Incorporation :

12.05.2009

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Developers, manufacturers, exporters and marketers of veterinary and agricultural products (vaccines, feed additives, plant protection, disinfectants, insecticides and other various animal products including for dogs and cats)

 

 

No. of Employees :

17 employees (had 11 employees in mid 2010)

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

 

Status :

Moderate

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 & address

 

DOR.KY DEVELOPMENT & MARKETING LTD.

Telephone                972 8 933 34 74

Fax                         972 8 933 01 09

P.O. Box 232, NES ZIONA (7410102)

48 Hasanhedrin Ave.

Northern Industrial Zone

YAVNE                   8121546       ISRAEL

 

 

HISTORY & LEGAL FORMATION

 

A private limited company, incorporated as per file No. 51-427075-0 on the 12.05.2009.

 

Subject is continuing the business activities of DORVET LTD., a private limited company established 1991, which became non-active (then liquidated) after a split between the shareholders (due to business disagreements).

 

Originally registered under the name DOR.VET DEVELOPMENT & MARKETING LTD., which changed to the present name on the 16.12.2009.

 

(Note: Former name may have been also known as DOR.BET DEVELOPMENT & DISTRIBUTION LTD).

 

 

SHARE CAPITAL

 

Authorized share capital NIS 50,000.00, divided into -

                50,000 ordinary shares of NIS 1.00 each,

of which 100 shares amounting to NIS 100.00 were issued.

 

 

SHAREHOLDERS

 

1.    Dr. Yaakov (Kobi) Yagana, 50%,

2.    Mrs. Loni Yagana, wife of Yakov, 50%.

 

 

DIRECTORS

 

1.    Dr. Yaakov (Kobi) Yagana, General Manager,

2.    Loni Yagana.

 

BUSINESS

 

Developers, manufacturers, exporters and marketers of veterinary and agricultural products (vaccines, feed additives, plant protection, disinfectants, insecticides and other various animal products including for dogs and cats).

 

25% of sales are export, to the CIS countries, Bulgaria, Cyprus, South America, East Asia and Africa.

 

Among clientele: HAHAKLAIT INSURANCE AND VETERINART SERVICES, EFAL CHEMICAL INDUSTRIES, LIDORR CHEMICALS, and more.

 

Among suppliers: GADOT BIOCHEMICAL INDUSTRIES, DEPOTCHEM, ZIFRONI CHEMICAL SUPPLIERS, and more.

 

Operating from premises, half rented and half owned by shareholders, on an area of 500 sq. meters, in 48 Hasanhedrin Ave., Northern Industrial Zone, Yavne.

 

Having 17 employees (had 11 employees in mid 2010).

 

 

MEANS

 

Financial data not forthcoming.

 

There are 2 charges for unlimited amounts registered on the company's assets (vehicles), in favor of Bank Hapoalim Ltd. (last charge placed July 2011, prior charge placed October 2010).

 

 

SALES

 

Sales figures not forthcoming.

 

 

BANKERS

 

Mizrahi Tefahot Bank Ltd., Nes Ziona Branch (No. 511), Nes Ziona, account

No. 199166.

 

A check with the Central Banks' database did not reveal any negative information regarding subject's a/m account.

 

Bank Hapoalim Ltd., Rehovot Branch (No. 615), Rehovot.

 

CHARACTER AND REPUTATION

 

Nothing unfavorable learned.

 

Subject's General Manager, Dr. Kobi Yagana, refused to disclose financial details.

 

Dr. Yagana holds a PhD. in animal Immunology and Physiology from the Hebrew University in Jerusalem, the Faculty of Agriculture.

 

Subject is ISO 2008- 9001 certified.

 

The yearly value of veterinary drugs produced by local companies estimated in mid 2007 amounted to US$ 50 million, of which 50% were for export.

 

 

SUMMARY

 

Notwithstanding the refusal to disclose financial details, considered good for trade engagements.

 

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

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.78

UK Pound

1

Rs.86.75

Euro

1

Rs.68.32

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.