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Report Date : |
30.08.2012 |
IDENTIFICATION DETAILS
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Name : |
MONITOOLS IMPORT AND TRADE LTD. |
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Registered Office : |
P.O. Box 784,
Ra'anana (4310701), 6 Hashaked Street, Rishpon 4691500 |
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Country : |
Israel |
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Date of Incorporation : |
11.04.1994 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers and marketers
of working tools |
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No. of Employees : |
Not
Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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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 |
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
MONITOOLS IMPORT AND TRADE LTD.
Telephone 972 9 956 29 34
Fax 972 9 956 23 67
P.O. Box 784,
Ra'anana (4310701)
6 Hashaked Street
RISHPON 4691500 ISRAEL
Important Note:
Subject is situated in Rishpon, also referred to as Moshav Rishpon, where “moshav” is a local typical village or settlement, in particular a type of cooperative agricultural community of individual farms.
Subject’s premises is situated at the corner
of the streets 2 Hamesila Street and 6 Hashaked street, in Rishpon.
Correct current street address in is indeed in
2 Hamesila street, after the entrance was recently changed from 6 Hashaked street (an address which is still also
valid).
A private limited company, incorporated as
per file No. 51-196061-9 on the 11.04.1994.
Authorized share
capital NIS 123,000.00, divided into -
123,000
ordinary shares of NIS 1.00 each,
of which 100,100 shares
amounting to NIS 100,100.00 were issued.
1. Menashe Cohen,
2. Ms. Talia Cohen, holding 1 single share.
Menashe Cohen.
Importers and
marketers of working tools.
Operating from
premises, in 6 Hashaked Street, Rishpon village, a locality north of Herzliya.
Number of
employees not forthcoming.
Financial data not
forthcoming.
There are 8
charges for unlimited amounts, as well a 1 charge for the sum of
NIS 244,000.00 registered
on company’s assets (financial assets, fixed assets and vehicles), in favor of
Israel Discount Bank Ltd. and leasing companies (last 2 charges placed July –
August 2012).
Sales figures not
forthcoming.
Israel Discount
Bank Ltd., branch data unavailable.
In August 2005,
the investigators of the Tax Authorities brought to the arrest for
investigation and release in bail of Menashe Cohen, subject's owner and General Manager, in suspicion of tax evasion of NIS 8
million. In the Tax Authorities review for subject’s financial reports for 2002, they
revealed income in sums of NIS millions which appeared to be unreasonable. The
Authorities searched the related documentation and did not find economic logic
behind what Mr. Cohen claimed to be “an investment of foreign citizen”. The
investigators suspect it is money laundered from transaction subject did not
report on.
The investigators
also found two Italian firms owned by Mr. Cohen, on which he apparently failed
to report on.
Mr. Cohen was
bailed out after leaving his passport at the Authorities offices.
Subject's
officials refused to disclose any data, saying Mr. Menashe Cohen, subject's owner and General Manager is busy.
Considering the refusal to disclose
financial details, dealings are recommended on a secured basis only.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.67 |
|
UK Pound |
1 |
Rs.88.05 |
|
Euro |
1 |
Rs.69.96 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.