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Report Date : |
11.06.2012 |
IDENTIFICATION DETAILS
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Name : |
MEDIA STREET LTD. |
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Formerly Known As : |
J.P. ALOSH EXPORT & IMPORT (2003) LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
22.01.2003 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers and marketers of agricultural inputs (construction sacks, feed sacks, and more). |
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No. of Employees : |
2 |
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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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
MEDIA
STREET LTD.
Telephone 972
4 638 56 04; 50 520 58 67
Fax 972
4 638 52 80
P.O. Box 512
BAQA AL-GHARBIYA 30100 ISRAEL
A private limited company, incorporated as
per file No. 51-337153-4 on the 22.01.2003
Originally established under the name J.P.
ALOSH EXPORT & IMPORT 2003 LTD., which changed to SEBASTIAN EXPORT &
IMPORT LTD. on the 21.04.2004, which changed to J.P. ALOSH EXPORT & IMPORT
(2003) LTD. on the 20.06.2004, which changed to the present name on the
03.01.2005.
Authorized share capital NIS 1,000.00,
divided into -
1,000
ordinary shares of NIS 1.00 each,
fully issued.
1. Jihad Alush, 85%,
2. Iman Kaadana, 15%.
Jihad Alush.
Importers and marketers of agricultural inputs
(construction sacks, feed sacks, and more).
Sales are directly from import to customer,
according to orders, not on commission.
Among clients: KRAUNI BROS. (Mrar), AMIR
SUPPLY, OFERTEX INDS., etc.
Operating from an office premises at the owned
private residence of Jihad Alush, in Baqa Al-Gharbiya (an Arab-populated town,
east of Hadera).
Having 2 employees, including Jihad Alush
(same as in end of 2011).
Work is according to orders, subject holds
no stock.
Financial data not forthcoming.
There are 6 charges for unlimited amounts
registered on the company's assets (financial assets and fixed assets), in
favor of Bank Leumi Le'Israel Ltd. and Bank Hapoalim Ltd. (last charge placed
March 2010).
Sales figures not forthcoming.
Bank Hapoalim Ltd., Baqa Al-Gharbiya Branch
(No. 666), Baqa Al Gharbiya, account No. 330093.
A check with the Central Banks' database did not reveal any negative
information regarding subject's a/m account.
Bank Leumi Le'Israel Ltd., Baqa Al-Gharbiya
Branch (No. 983), Baqa Al Gharbiya.
According to the Registrar of Companies
subject has a "Law Violating Company" Status, due to not paying
Registrar fees since 2004 (total debt of NIS 13,086.00). As part of the
Registrar efforts in the last period to collect fees and supervision on meeting
all duties by Companies’ law, such status notes have been added to the
registry. It should be noted that this status is in principle a technical matter,
not necessarily connected to the company's business activities and financial
standing, however there is the substantial possibility that it may lead to
severe penalties against the company in case the relevant company is not going
to fulfill its duties promptly (penalties could be fines up to NIS 250,000, not
allowing the company to register new charges or to make changes in the
Registrar, and more).
Apart from that, nothing unfavorable
learned.
Subject's General Manager refused to
disclose financial data.
Considering the refusal to disclose
financial data, dealings are recommended on fully secured basis.
Note: The telephone number you provided
(972-52-5406007) is a cellular number which belongs to Mr. Gideon Cohen, an
outside consultant for subject (which happens to be in bankruptcy procedures,
so we are informed).
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.36 |
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1 |
Rs.85.64 |
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Euro |
1 |
Rs.69.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 |
-- |
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.