MIRA INFORM REPORT

 

 

Report Date :

10.12.2012

 

IDENTIFICATION DETAILS

 

Name :

BERY BOBQUE LTD.

 

 

Registered Office :

P.O. Box 198, 8 Hanechalim Street, Batzra 6094400       

 

 

Country :

Israel

 

 

Date of Incorporation :

01.03.2005

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importers and marketers of promotional products

 

 

No. of Employees :

200 employees

 

 

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 :

Unknown

 

 

Litigation :

Exists

 

 

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

A1

A1

 

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

 

BERY BOBQUE LTD.

Telephone    972 9 956 97 79

Fax              972 9 955 96 66

P.O. Box 198

8 Hanechalim Street

BATZRA       6094400         ISRAEL

 

 

HISTORY & LEGAL FORMATION

 

A private limited company, incorporated as per file No. 51-366079-5 on the 01.03.2005.

 

 

SHARE CAPITAL

 

Authorized share capital NIS 15,000.00, divided into -

              2000 ordinary shares (1,200 shares issued),

              13,000 ordinary B shares (12,000 shares issued), all of NIS 1.00 each,

of which shares amounting to NIS 13,200.00 were issued.

 

 

SHAREHOLDERS

 

1.    ELIEZER YERUSHALMI HOLDINGS (2005) LTD., owned by Eliezer Yerushalmi, 65% of ordinary B shares and 50% of ordinary shares,

2.    Ms. Shani Shor, 35% of ordinary B shares and 50% of ordinary shares.

 

 

DIRECTORS & JOINT GENERAL MANAGERS

 

1.    Eliezer Yerushalmi,

2.    Ms. Shani Shor.

 

 

BUSINESS

 

Importers and marketers of promotional products.

 

Among clientele: PELEPHONE COMMUNICATIONS, TNUVA, OSEM, and more.

 

Operating from rented premises, on an area of 300 sq. meters, in 8 Hanechalim Street, Batzra Village (or “Moshav Batzra”, where “moshav” is a local typical village or settlement, in particular a type of cooperative agricultural community of individual farms), situated north of Raanana.

 

Having 20 employees (same as in mid 2011).

 

 

MEANS

 

Financial data not forthcoming.

 

There are 9 charges for unlimited amounts, as well as 1 charge for the sum of NIS 200,000.00 registered on the company's assets (financial assets, fixed assets and vehicles), in favor of Bank Leumi Le'Israel Ltd., Bank Otsar Hahayal Ltd., Mizrahi Tefahot Bank Ltd., Mercantile Discount Bank Ltd. and companies (last 3 charges placed in June-July 2012).

 

 

sales

 

Sales figures not forthcoming.

 

 

BANKERS

 

Bank Hapoalim Ltd., Kikar Paris Branch (No. 736), Haifa.

Mercantile Discount Bank Ltd., Petach Tikva Branch (No. 651), Petach Tikva.

 

 

CHARACTER AND REPUTATION

 

Nothing unfavorable learned.

 

Subject's General Managers refused to disclose financial details.

 

 

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.54.20

UK Pound

1

Rs.86.99

Euro

1

Rs.70.22

 

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.