MIRA INFORM REPORT

 

 

Report Date :

21.07.2012

 

IDENTIFICATION DETAILS

 

Name :

M S F MEDICAL EQUIPMENT & SERVICE LTD.

 

 

Registered Office :

3 Naftali Platin Street New Industrial Zone Rishon Le-Zion7565341

 

 

Country :

Israel

 

 

Date of Incorporation :

09.06.2004.

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importers, exporters and marketers of medical and laboratory equipment MRI, CT, X-ray Products, Nuclear medicine, Ultrasound, endoscopy, surgical, etc.).

 

 

No. of Employees :

3

 

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 :

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 and address

 

M S F MEDICAL EQUIPMENT & SERVICE LTD.

Telephone    972 72 250 70 33

Fax              972 72 250 70 34

3 Naftali Platin Street

New Industrial Zone

RISHON LE-ZION   7565341                ISRAEL

 

 

HISTORY & LEGAL FORMATION

 

A private limited company, incorporated as per file No. 51-355335-4 on the 09.06.2004.

 

 

SHARE CAPITAL

 

Authorized share capital NIS 50,000.00, divided into -

                 50,000 ordinary shares of NIS 1.00 each,

of which 100 shares amounting to NIS 100.00 were issued.

 

 

SHAREHOLDERS

 

Subject is fully owned by Doron Forshtat.

 

 

SOLE DIRECTOR & GENERAL MANAGER

 

Doron Forshtat.

 

 

BUSINESS

 

Importers, exporters and marketers of medical and laboratory equipment MRI, CT, X-ray Products, Nuclear medicine, Ultrasound, endoscopy, surgical, etc.).

85% of sales are export.

 

Among clientele: MAMOGRAPH MEDICAL DIAGNOSIS, SHAKUF - MEDICAL IMAGING AND DIAGNOSIS, BIKUR ROFEH, and more.

 

Operating from premises (office and warehouse), on an area of 160 sq. meters, in 3 Naftali Platin Street, New Industrial Zone, Rishon Le-Zion, and from a rented warehouse, on an area of 500 sq. meters, in Kochav Michael Village according to need.

 

Having 3 employees.

 

 

MEANS

 

Current stock is valued at US$ 300,000.

 

There are no charges registered on the company's assets.

 

 

REVENUES

 

2010 sales claimed to be US$ 800,000, of which 85% for export.

2011 sales claimed to be US$ 1,500,000, of which 85% for export.

We are informed that there is a significant increase in 2012 sales.

 

BANKERS

Israel Discount Bank Ltd., Rehovot Branch (No. 045), Rehovot, account

No. 313807.

A check with the Central Banks' database did not reveal any negative information regarding subject's a/m account.

 

 

CHARACTER AND REPUTATION

 

Nothing unfavorable leaned.

 

Doron Forshtat has some 20 years of experience in subject's field, working, prior to establishing subject in CLALIT ENGINEERING and MEDTECHNICA.

 

According to the Israeli Export Institute, 2008 exports of medical and electronic equipment and instrumentation (excl. medical software) amounted to US$ 1,500 million, similar to 2007, which comes after several years of continuing growth. Sales for export fell in 2009 by some 15% to around US$ 1,300 million as part of the effects of the global economic crisis, and fell down further by some 0.5% (though still some recovery overall) in 2010 1st half (comparing to 2009 1st half).

 

Local consumption market for medical and aesthetic electronic equipment and instrumentation was estimated at over US$ 1 billion (sales by local manufacturers and from import), based on the Ministry of Industry & Trade research in 2009.

There are some 160 local companies operating in the medical equipment field. According to the Ministry of Industry & Trade survey in 2008.

 

SUMMARY

 

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.55.15

UK Pound

1

Rs.86.58

Euro

1

Rs.67.60

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.