MIRA INFORM REPORT
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Report Date : |
31.01.2012 |
IDENTIFICATION DETAILS
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Name : |
HADAR STABILIZATION SYSTEMS & LANDSCAPING
LTD. |
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Formerly Known As : |
HADAR COMPUTER SYSTEMS (1993) LTD |
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Registered Office : |
P. O. Box 350, Neveh Yarak 44260 |
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Country : |
Israel |
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Date of Incorporation : |
22.09.1993 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers and marketers of equipment and tools for land stabilization against erosion, and for restoring of landscape stigmas |
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No. of Employees
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06 |
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$ 35,000. |
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Status : |
Small Company |
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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 |
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 |
Company name & address
HADAR STABILIZATION SYSTEMS & LANDSCAPING LTD.
Telephone 972 9 901 39 95
Fax 972 9 901 39 97
P. O. Box 350
NEVEH YARAK-44260-ISRAEL
HISTORY & LEGAL FORMATION
A private limited
company incorporated as per file No. 51-185901-9 on the 22.9.1993, under the
name HADAR COMPUTER SYSTEMS (1993) LTD, which changed to the present name on
24.08.1998.
Subject is part of
the HADAR Group (subject and sister company) which started activities in 1976.
SHARE CAPITAL
Authorized share capital NIS 10,000.00, divided into-
10,000 ordinary shares of NIS 1.00 each,
of which 100
shares amounting to NIS 100.00 were issued.
SHAREHOLDERS
1.
Yoav Hadar, 99%
2.
Gili Hadar, 1%
SOLE DIRECTOR & GENERAL
MANAGER
Yoav Hadar
BUSINESS
Importers and
marketers of equipment and tools for land stabilization against erosion, and
for restoring of landscape stigmas.
Among clientele:
DENYA CYBUS, SHAFIR CIVIL & MARINE ENGINEERING, ROLIDAR, ISRAEL NATIONAL
ROADS COMPANY, Ministry of Defense, and more.
Sole local
representatives of (main ones):
· GEOBRUGG, of Switzerland,
· E.S.S.I, of USA,
· C.C.M, ADVIN, both of India,
· 7 STATES, of Taiwan.
And more.
Operating from rented
premises, on an area of 2,000 sq. meters (250 sq. meters built), in Neveh Yarak
Village (or “Moshav Neveh Yarak”, where “moshav” is
a typical Israel agricultural settlement).
Having 6 employees
in Group (subject and sister company), had 4 employees in mid 2010, also using
subcontractors according to need.
MEANS
Consolidated
(subject and sister company) stock is valued at NIS 500,000 (same as in mid
2010).
There are 4
charges for unlimited amounts registered on the company’s assets (financial assets
and vehicle) in favor of Bank Leumi Le'Israel Ltd., Mizrahi Tefahot Bank Ltd.
and The First International Bank of Israel Ltd. (last charge placed September
2001).
sales
· 2008 consolidated sales claimed to be NIS 2,500,000.
· 2009 consolidated sales claimed to be NIS 2,500,000.
· 2010 consolidated sales claimed to be NIS 2,000,000.
· 2011 consolidated sales claimed to be NIS 5,000,000.
OTHER COMPANIES
HADAR GROUND STABILIZATION PROJECTS LTD., sister company, ground
stabilization projects.
BANKERS
Mizrahi Tefahot Bank Ltd., Kfar Sava Branch (No. 424), Kfar Sava account No. 474029.
A check with the
central banks data base did not reveal negative information on subject’s bank
accounts.
CHARACTER AND REPUTATION
Nothing
unfavorable learnt.
Subject is a
veteran business.
SUMMARY
Good for trade engagements.
Maximum unsecured credit recommended US$ 35,000.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.50 |
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UK Pound |
1 |
Rs.77.74 |
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Euro |
1 |
Rs.65.19 |
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.