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Report Date : |
21.08.2012 |
IDENTIFICATION DETAILS
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Name : |
POYKE - GINATON LTD. |
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Formerly Known As : |
EM HADERECH |
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Registered Office : |
Meshek
No. 64, Ginaton 7311000 |
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Country : |
Israel |
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Date of Incorporation : |
17.04.2008 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers and marketers of iron cast pots
("poyke"), mainly for cooking stews, such as pans, pots, grilling flats,
stoves, woks, kattles, etc., as well as ornaments |
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No. of Employees : |
01 employee |
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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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
POYKE
- GINATON LTD.
Telephone
972 52 268 09 21
Fax 972 8 929 19 37
Meshek
No. 64
GINATON 7311000 ISRAEL
Originally established as a sole proprietorship in 1997
under the style "EM HADERECH".
Converted into a private limited company, and registered as
such as per file No. 51-412953-5 on the 17.04.2008.
Authorized share capital NIS 100,000.00, divided into -
100,000
ordinary shares of NIS 1.00 each,
of which 100 shares amounting to NIS 100.00 were issued.
Subject is fully owned by
Menachem Lustigman.
Menachem Lustigman
Importers and marketers of iron cast pots
("poyke"), mainly for cooking stews, such as pans, pots, grilling
flats, stoves, woks, kattles, etc., as well as ornaments. Products are sold
under the brand name MJP.
Amongst clients are chain stores selling outdoor goods:
LAMETAYEL, HAGARIN, HAMASHBIR FOR AGRICULTURE, etc.
All purchasing is from import.
Operating from an office and warehouse, on an area of 500
sq. meters, in the premises – the private farm owned by the shareholder, in
Farm No. 64 (or Meshek No. 64, where "meshek" means "farm"
in Hebrew), in Ginaton village (or “Moshav Ginaton”, where “moshav” is a
local typical village or settlement, in particular a type of cooperative
agricultural community of individual farms), situated near the city Lod.
Subject's General Manager is the sole employee.
Stock held said to be valued at up to NIS 500,000.
Other financial data not forthcoming.
There are no charges registered on the company's assets.
Sales figures not forthcoming.
Bank Leumi Le’Israel Ltd., Lod Branch (No.
937), Lod, account No. 178300/16.
A check with the Central Banks' database did
not reveal any negative information regarding subject’s a/m account.
Nothing unfavourable learned.
Subject’s officials refused to disclose financial details,
besides inventory evaluation.
Notwithstanding the refusal to disclose financial data,
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.55.70 |
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UK Pound |
1 |
Rs.87.55 |
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Euro |
1 |
Rs.68.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
<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.