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Report Date : |
17.02.2012 |
IDENTIFICATION DETAILS
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Name : |
SILK ROAD DESIGN LTD. |
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Formerly Known As : |
B. SHRIB & CO. HAMETARGEM LTD., |
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Registered Office : |
2 Hakfar Street, RISHPON 46915 |
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Country : |
Israel |
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Date of Incorporation : |
19.09.2004 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers and marketers of furniture and house ornaments |
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No. of Employees : |
Not
Available |
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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Maximum Credit Limit : |
US$ 20,000. |
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Status : |
Moderate |
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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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
SILK ROAD DESIGN LTD.
Telephone 972 9 951 95 99
Fax 972 9 951 95 97
2 Hakfar Street
RISHPON 46915 ISRAEL
A private limited company, incorporated as
per file No. 51-054872-0 on the 02.08.1970.
Originally established under the name B.
SHRIB & CO. HAMETARGEM LTD., which changed to the present name on the
19.09.2004.
Authorized share capital NIS 20,050.00,
divided into -
200,499,900 ordinary shares (75,499,899
shares issued),
100 foundation shares (30 shares issued), all of NIS 0.0001 each,
of which shares amounting to NIS 7,549.9929
were issued.
Subject is fully owned by Ms. Miri Cohen.
Ms. Miri Cohen.
1. Ms. Miri Cohen,
2. Oded Cohen.
Importers and marketers of furniture and
house ornaments, specializing in antiques and renovated artifacts.
Operating from premises in 2 Hakfar Street,
Rishpon Village (or “Moshav Rishpon”, where “moshav” is a local typical village
or settlement, in particular a type of cooperative agricultural community of
individual farms), a locality near Herzliya.
Number of employees not forthcoming.
Financial data not forthcoming.
There are 11 charges for unlimited amounts, as well as 1 charge for the sum
of NIS 40,000.00 registered on the company's assets (financial assets and
equipment), in favor of Bank Leumi Le'Israel Ltd., Bank Hapoalim Ltd.,
Bank Otsar Hahayal Ltd. and The First
International Bank of Israel Ltd. (last charge placed February 2012).
Sales figures not forthcoming.
Bank Hapoalim Ltd., Haaliya Branch (No. 503), Tel Aviv, account No. 396060.
A check with the Central Banks' database did not reveal any negative
information regarding subject's a/m account.
Nothing unfavorable learned.
Subject's General Manager refused to provide
any information without receiving the name of the supplier on behalf of whom
the inquiry is.
Subject is a veteran business.
From Central Bureau
of Statistics data, import of Household Utensils in 2011 rose by 7.3% from
2010, summing up to US$ 589.4 million. This comes after in 2010 import rose by
15.8% from 2009 (2009 level was similar to 2008).
The local
household products market is considered highly competitive after reaching
market saturation. It includes household textile, tableware and kitchenware and
utensils, bath accessories and ornaments &decorative items, ceramic and
glass ware, etc. According to estimations, the local household products market
volume reaches NIS 2.5 – 3 billons annually (of which circa NIS 1 billion for
“home textile”), and includes retail, wholesale, institutional markets (Retail
chains capture 30% of the market share, specialization stores 20%, while the
institutional and workers unions sector has 50% share).
Notwithstanding the refusal to disclose
details, considered good for trade engagements.
Maximum unsecured credit recommended US$
20,000.
Note: the telephone number you provided (972 54
337 99 88) is Oded Cohen's cellular phone.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.25 |
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1 |
Rs.77.45 |
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Euro |
1 |
Rs.64.89 |
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.