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Report Date : |
23.06.2012 |
IDENTIFICATION DETAILS
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Name : |
HARDGUM LTD. |
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Formerly Known As : |
HARDUF SHAUL AGENCIES LTD. |
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Registered Office : |
P.O. Box 25259 (3125102), 12 Hamashbir Street, Check Post Industrial Zone, Haifa 3295312 |
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Country : |
Israel |
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Date of Incorporation : |
12.02.2002 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers and marketers of industrial tires (specializing in forklifts tires), as well as affiliated products (forklift seats, rims, etc.). |
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No. of Employees : |
Not
Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
HARDGUM
LTD.
Telephone 972
4 842 16 16
Fax 972
4 842 16 15
P.O. Box 25259 (3125102)
12
Hamashbir Street
Check
Post Industrial Zone
HAIFA 3295312 ISRAEL
A private limited company, incorporated as per file No. 51-320494-1 on the 12.02.2002.
Originally registered under the name HARDUF SHAUL AGENCIES LTD., which changed to the present one on the 05.05.2004.
Authorized share capital NIS 39,100.00,
divided into -
39,100
ordinary shares of NIS 1.00 each,
of which 100 shares amounting to NIS 100.00
were issued.
Subject is fully owned by Matan Harduf.
Matan Harduf.
Importers and marketers of industrial tires (specializing in forklifts tires), as well as affiliated products (forklift seats, rims, etc.).
Sales are to companies, garages, forklift
importers, etc.
Among clientele: ISRAEL PORT AUTHORITY.
Among local suppliers: ALLIANCE MARKETING ISRAEL (Alliance Galaxy Primex tires) - see more in CHARACTER.
Sole local representatives of:
WATTS, of UK,
TRELLEBORG, of Sweden.
Operating from premises in 12 Hamashbir
Street, Check Post Industrial Zone, Haifa.
Number of employees not forthcoming.
Financial data not forthcoming.
There are 7 charges for unlimited amounts
registered on the company's assets (financial assets and vehicles), in favor of
Bank Leumi Le'Israel Ltd., Bank Hapoalim Ltd. and a company (last 2 charges
placed January – February 2010 on vehicles).
Sales figures not forthcoming.
Bank Hapoalim Ltd., Neve Shaanan Branch (No.
702), Haifa, account No. 266663.
A check with the Central Banks' database did not reveal any negative
information regarding subject's a/m account.
Nothing unfavorable learned.
Subject's General Manager refused to
disclose any data.
It should be
noted, that subject shares its post office box (#25259) with ALLIANCE MARKETING
ISRAEL LTD., local ALLIANCE Group's sole marketing arm in Israel of pneumatic
tires of various sorts (also tires importers), which is operating from adjacent
13 Hamashbir Street. Its parent company is veteran ALLIANCE TIRE COMPANY LTD.,
Israel's sole tires manufacturer and a leading tires supply company in Israel
(some 25% market share).
Shaul Harduf (whom we assume is Matan
Harduf's Father), serves as General Manager of ALLIANCE MARKETING ISRAEL.
We could not establish the real nature of relations
between subject and ALLIANCE Group, but apparently, from the above said, there
is one.
Considering the refusal to disclose data,
dealings are recommended on secured basis.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.56.99 |
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UK Pound |
1 |
Rs.88.97 |
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Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.