MIRA INFORM REPORT
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Report Date : |
06.02.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
RAANAN FISH FEED LTD. |
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Formerly Known As : |
RAANAN MARKETING COPPENS LTD |
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Registered Office : |
Miluout Industrial Zone,
Mobile Post Oshrat*, Oshrat 25201 |
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Country : |
Israel |
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Date of Incorporation : |
22.12.1994 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers, exporters, manufacturers and marketers of fish
feed |
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No. of Employees
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30 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 300,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Israel |
a1 |
a1 |
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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 |
Company name & address
RAANAN FISH FEED LTD.
Telephone 972 4 985 34 53
Fax 972 4 985 34 66
Miluout Industrial Zone
Mobile Post Oshrat*
OSHRAT 25201-ISRAEL
HISTORY & LEGAL FORMATION
A private limited company, incorporated as per file No. 51-206997-2 on the 22.12.1994.
Originally registered under the name RAANAN
MARKETING COPPENS LTD., which changed to the present name on 25.10.2006.
Note: "Mobile Post" in Hebrew is "Doar
Na", or in its initials "D.N."
SHARE CAPITAL
Authorized share capital NIS 26,000.00, divided into -
260 ordinary shares of NIS
100.00 each,
of
which 10 shares amounting to NIS 1,000.00 were issued.
SHAREHOLDERS
Subject
is fully owned by Raanan Berzac (50% of shares are registered in ownership of subject
itself).
In
October 2006 Mr. Raanan Berzac acquired 50% (on top of the 50% already held)
from COPPENS INTERNATIONAL B.V. of Holland, in consideration of NIS 4,500,000.
SOLE DIRECTOR
Raanan
Berzac
JOINT GENERAL
MANAGERS
1. Raanan Berzac,
2. Eyal Lavita.
BUSINESS
Importers,
exporters, manufacturers and marketers of fish feed.
Some
30% of sales are for export.
Among
clients: RED SEA FISH, MILOUBAR CENTRAL FEED MILL, SALT INDUSTRIES, MAG NOY, etc.
Among
suplliers: MILOUBAR CENTRAL FEED MILL, AMBAR FEED MILL, PLASO-SAC, BAR MAGEN,
KOFFOLK, DORMECO, etc.
Operating
from a rented premises (offices and plant), on an area of
Having
30 employees.
MEANS
Current
stock is valued at NIS 7,000,000.
In
May 2001, shareholders invested US$
There are 13 charges
for unlimited amounts, as well as 2 charges for the total sum of NIS
1,072,000.00 registered on the company's assets (financial assets, fixed assets
and vehicles), in favor of Bank Leumi Le'Israel Ltd., Bank Otsar Hahayal Ltd. and Bank of Jerusalem Ltd.
saleS
·
2005 sales
claimed to be NIS 40,000,000, of which 5% were for export.
·
2006 sales
claimed to be NIS 54,000,000, of which 20% were for export.
·
2007 sales
claimed to be NIS 66,000,000, of which 30% were for export.
·
2008 and 2009
sales not forthcoming.
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2010 sales
claimed to be NIS 68,000,000, of which 30% were for export.
·
2011 sales
claimed to be NIS 68,000,000, of which 30% were for export.
OTHER COMPANIES
RAANAN
BERZAC SERVICES LTD., non-active.
BANKERS
Bank
Leumi Le'Israel Ltd., Hamifratz Business Branch (No. 898), Kiryat Bialik.
CHARACTER AND
REPUTATION
Nothing
unfavourable learned.
Subject
is a veteran business.
SUMMARY
Good for trade engagements.
Maximum unsecured credit recommended US$ 300,000.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.96 |
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UK Pound |
1 |
Rs.77.47 |
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Euro |
1 |
Rs.64.39 |
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 |
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<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.