MIRA INFORM REPORT

 

 

Report Date :

01.12.2012

 

IDENTIFICATION DETAILS

 

Name :

M.M.D. SMART LTD.

 

 

Registered Office :

21 Natan Alterman Street, Herzliya 4636414       

 

 

Country :

Israel

 

 

Date of Incorporation :

03.09.2008

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Subject is engaged in offering international telecommunications services, mainly voice services, via its network and agreements with telecom operators around the world ("competitive routes for terminating traffic to various destinations")

 

 

No. of Employees :

Not Available 

 

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 :

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

Israel

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

israel - ECONOMIC OVERVIEW

 

Israel has a technologically advanced market economy. It depends on imports of crude oil, grains, raw materials, and military equipment. Cut diamonds, high-technology equipment, and agricultural products (fruits and vegetables) are the leading exports. Israel usually posts sizable trade deficits, which are covered by tourism and other service exports, as well as significant foreign investment inflows. The global financial crisis of 2008-09 spurred a brief recession in Israel, but the country entered the crisis with solid fundamentals - following years of prudent fiscal policy and a resilient banking sector. The economy has recovered better than most advanced, comparably sized economies. In 2010, Israel formally acceded to the OECD. Natural gasfields discovered off Israel's coast during the past two years have brightened Israel's energy security outlook. The Leviathan field was one of the world's largest offshore natural gas finds this past decade. In mid-2011, public protests arose around income inequality and rising housing and commodity prices. The government formed committees to address some of the grievances but has maintained that it will not engage in deficit spending to satisfy populist demands.

 

Source : CIA

company name & address

 

M.M.D. SMART LTD.

Telephone           972 54 922 22 03

Fax                     972

21 Natan Alterman Street

HERZLIYA           4636414              ISRAEL

 

 

HISTORY & LEGAL FORMATION

 

A private limited company, incorporated as per file No. 51-418162-7 on the 03.09.2008.

 

In our research we could not confirm for sure that subject is presently actually active (Note: legally, according to the Registrar of Companies the company is "active").

 

 

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

 

Subject is fully owned by Arie Frenklakh.

 

 

SOLE DIRECTOR & GENERAL MANAGER

 

Arie Frenklakh.

 

 

BUSINESS

 

According to subject's website (www.mmdsmart.com), the company is engaged in offering international telecommunications services, mainly voice services, via its network and agreements with telecom operators around the world ("competitive routes for terminating traffic to various destinations").

 

Since subject's owner and manager refused to cooperate with us, and the company does not appear in local trade directories, we could not confirm subject's actual line of activity.

 

Operating from premises, in 21/14 Natan Alterman, Herzliya (this is a residential address).

 

Number of employees not forthcoming, believed to be few.

 

 

MEANS

 

Financial data not forthcoming.

 

There are no charges registered on the company’s assets.

 

 

REVENUES

 

Sales figures not forthcoming.

 

 

BANKERS

 

Bank data unavailable.

 

 

CHARACTER AND REPUTATION

 

Subject’s owner and General Manager, Mr. Arie Frenklakh, refused to disclose any data on his company without knowing the identity of the enquirer.

 

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

In our searches we did not find much on subject and its owner either, besides a website (as above), which is limited in scope.

 

 

SUMMARY

 

Considering the refusal to disclose data, dealings are recommended on a secured basis.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.53

UK Pound

1

Rs.87.48

Euro

1

Rs.70.89

 

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.