MIRA INFORM REPORT

 

 

Report Date :

06.06.2012

 

IDENTIFICATION DETAILS

 

Name :

NACHUM KEINAN PROTECTIVE PRODUCTS

 

 

Registered Office :

59 Halamed Hei Street, Givatayim 5340812         

 

 

Country :

Israel

 

 

Year of Establishment :

1992

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Importers and marketers of protective and safety equipment for the industry (gloves, leather aprons, protective sleeves, etc.).

 

 

No. of Employees :

04

 

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 & address 

 

NACHUM KEINAN PROTECTIVE PRODUCTS

Telephone              972 3 731 41 06; 52 258 80 18

Fax                       972 3 573 40 97

59 Halamed Hei Street

GIVATAYIM           5340812              ISRAEL

 

 

HISTORY & LEGAL FORMATION

 

A sole proprietorship, established in 1992.

 

Operating under Licensed Dealer No. 009595703.

 

The business is registered with the Tax Authorities’ Files under the name of "KEINAN NACHUM".

 

 

OWNERSHIP

 

Nachum Keinan.

 

 

GENERAL MANAGER

 

Nachum Keinan.

 

 

BUSINESS

 

Importers and marketers of protective and safety equipment for the industry (gloves, leather aprons, protective sleeves, etc.).

 

Among clientele: ORDAN, THE ISRAEL ELECTRIC COPR., YEHUDA MESH, TECHNOMETAL, and more.

 

Operating from owned office premises in 59 Halamed Hei Street, Givatayim, and from rented warehouse, on an area of 150 sq. meters, in 8 Ardon Street, Tel Aviv-Yafo.

 

Having 4 employees.

 

 

 

MEANS

 

·         Current stock is values at NIS 300,000.

Other financial data not forthcoming.

 

 

sale

 

2010 sales claimed to be NIS 1,500,000.

2011 sales claimed to be NIS 1,500,000.

 

 

BANKERS

 

Bank Hapoalim Ltd., Givatayim Branch (No. 640), Givatayim, account No. 437305.

 

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

 

 

CHARACTER AND REPUTATION

 

Nothing unfavorable learned.

 

 

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.55.56

UK Pound

1

Rs.85.52

Euro

1

Rs.69.50

 

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

 

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.