MIRA INFORM REPORT

 

 

Report Date :           

28.01.2012

 

IDENTIFICATION DETAILS

 

Name :

MERTASH HAHADASH LTD.

 

 

Registered Office :

32 Kiryat Shaul Street, Tel Aviv   69350  

 

 

Country :

Israel

 

 

Date of Incorporation :

25.03.2003

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importers and marketers of marble

 

 

No. of Employees :

06

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

US$ 12,000.

 

 

Status :

Small Company 

 

 

Payment Behaviour :

No Complaints

 

 

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

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Israel

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address 

 

MERTASH HAHADASH LTD.

Telephone  972 3 648 03 53

Fax           972 3 644 60 34

32 Kiryat Shaul Street

TEL AVIV  69350-ISRAEL

 

 

HISTORY & LEGAL FORMATION

 

A private limited company, incorporated as per file No. 51-339684-6 on the 25.03.2003.

 

 

SHARE CAPITAL

 

Authorized share capital NIS 100,000.00, divided into -

                100,000 ordinary shares of NIS 1.00 each,

of which 3,000 shares amounting to NIS 3,000.00 were issued.

 

 

SHAREHOLDERS

 

1.    Mordo Solozin, 33.33%,

2.    Yoseph Solozin, 33.33%,

3.    Nadim Gambash, 33.33%.

 

 

SOLE DIRECTOR

 

Mordo Solozin.

 

 

JOINT GENERAL MANAGERS

 

1.    Mordo Solozin,

2.    Yoseph Solozin,

3.    Nadim Gambash.

 

 

BUSINESS

 

Importers and marketers of marble.

 

Operating from rented premises, on an area of over 3,000 sq. meters, in 32 Kiryat Shaul Street, Tel Aviv.

 

Having 6 employees, including shareholders (same as in 2010).

 

 

MEANS

 

Financial data not forthcoming.

 

There are 2 charges for unlimited amounts registered on the company's assets (financial assets), in favor of Bank Leumi Le'Israel Ltd. and Israel Discount Bank Ltd. (last charge placed March 2008).

 

 

SALES

 

Sales figures not forthcoming.

 

 

BANKERS

 

·         Bank Leumi Le'Israel Ltd., Einstein Branch (No 833), Tel Aviv.

·         Israel Discount Bank Ltd., Neveh Avivim Branch (No. 118), Tel Aviv.

 

 

CHARACTER AND REPUTATION

 

Nothing unfavorable learned.

 

Subject's officials refused to disclose financial data.

 

Subject's General informed us that subject grew, increasing subject's premises from 2,500 sq. meters in mid to over 3,000 sq. meters.

 

 

SUMMARY

 

Notwithstanding the refusal to disclose financial data, considered good for trade engagements.

Maximum unsecured credit recommended US$ 12,000.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.65

UK Pound

1

Rs.77.80

Euro

1

Rs.65.05

 

 

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.