MIRA INFORM REPORT

 

 

Report Date :           

07.03.2012

 

IDENTIFICATION DETAILS

 

Name :

YOSEF YARON

 

 

Registered Office :

P.O. Box 794, 14/5 Hahadarim Street, Kfar Yona 40300

 

 

Country :

Israel

 

 

Year of Establishment :

1998

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Importers and marketers of T-shirts, ladies undershirts and other textile products

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

US$ 30,000.

Status :

Small Concern

Payment Behaviour :

Unknown

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

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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 

 

YOSEF YARON

Telephone 972 9 894 32 24

Cellular      972 50 777 30 06

Fax           972 9 894 32 24

P.O. Box 794

14/5 Hahadarim Street

KFAR YONA-40300-ISRAEL

 

 

HISTORY & LEGAL FORMATION

 

A sole proprietorship, established around 1998.

 

Operating under License Dealer No. 053479820.

 

The business is registered the Tax Authorities under the name of "YOSEF YARON".

 

 

OWNERSHIP

 

Yaron Yosef.

 

 

GENERAL MANAGER

 

Yaron Yosef.

 

 

BUSINESS

 

Importers and marketers of T-shirts, ladies undershirts and other textile products.

 

All sales are on wholesale basis.

 

Sales are to small clothing shops, market stands, etc.

 

Operating from office and warehouse at the owned private residence of the owner, in 14/5 Hahadarim Street, Kfar Yona, situated east of Netanya.

 

(Note: there has been a change in street numbering from 8 to 14).

 

Subject's owner/Manager is the only person working in the business.

MEANS

 

Financial data not forthcoming.

 

                                                                                                                           

REVENUES

 

Sales figures not forthcoming.

 

 

BANKERS

 

Bank Hapoalim Ltd., Netanya Branch (No. 612), Netnaya.

 

 

CHARACTER AND REPUTATION

 

Nothing unfavorable learned.

 

Subject's owner and General Manager, Yaron Yosef, refused to disclose financial details.

 

This is a small business. Yaron Yosef is veteran in the clothing field. He told us he prefers to work with (many) small clients who pays on time, rather than the big clients and chains that work on large quantities, but pays over too long period.

 

According to the Central Bureau of Statistics (CBS), import of Clothing and Footwear in 2011 kept the rising trend from 2010: import rose by close to 19%, after rising 13.4% in 2010 from 2009, summing up to US$ 1,707.3 million (in 2009 the local market experienced a slow-down). Most import comes from China. Main other countries of origin for textile goods are France, Italy, Hong Kong and Turkey, Spain and the U.S.A.

 

 

SUMMARY

 

Notwithstanding the refusal to disclose financial details, considered good for trade engagements.

 

Maximum unsecured credit recommended US$ 30,000.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.03

UK Pound

1

Rs.79.32

Euro

1

Rs.66.02

 

 

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.