MIRA INFORM REPORT

 

 

Report Date :           

22.03.2012

 

IDENTIFICATION DETAILS

 

Name :

PONTIFICIAL INSTITUTE NOTRE DAME OF JERUSALEM CENTER

 

 

Registered Office :

P.O. Box 20531, 3 Hatzanhanim Rd. (Paratroopers Rd.), Jerusalem 9120402

 

 

Country :

Israel

 

 

Year of Establishment :

1978

 

 

Legal Form :

Non-Profit Organization

 

 

Line of Business :

Subject is engaged in

·         Operating a Church

·         Operating a guest house (hotel) for pilgrims.

·         Operating an hoteliery school.

 

 

No. of Employees :

120

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Good

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 – 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

 

PONTIFICIAL INSTITUTE NOTRE DAME OF JERUSALEM CENTER

Telephone                972 2 627 91 37

Fax                         972 2 627 19 95

P.O. Box 20531

3 Hatzanhanim Rd. (Paratroopers Rd.)

JERUSALEM           9120402                   ISRAEL

 

 

HISTORY & LEGAL FORMATION

 

A non-profit organization, established in 1978, registered as per file No. 50-030250-0.

 

Subject is the official representative of the Papacy in Israel.

 

 

OWNERSHIP/ MANAGEMENT

 

Subject is owned by the Vatican in Rome.

 

Subject's Director, Priest and The Pope's representative in Israel is Fr Juan María Solana, LC. Barakat Yousef, is subject’s General Manager.

 

 

ACTIVITIES

 

Subject is engaged in:

1.         Operating a Church

2.        Operating a guest house (hotel) for pilgrims.

3.        Operating an hoteliery school.

 

Having some 70 local suppliers, including the large food and beverages suppliers, e.g. TNUVA, STRAUSS GROUP, THE CENTRAL BOTTLING CO>, etc.

 

Operating from owned premises, on an area of 14,000 sq. meters, in 3 Hatzanhanim Rd. (in English - Paratroopers Rd.), Jerusalem.

 

Having 120 employees.

 

MEANS/ SALES

 

Financial data was not disclosed, however subject is financially backed (besides its own sale sources) by the Vatican, therefore assumed to be of solid financial standing.

 

 

BANKERS

 

The First International Bank of Israel Ltd., Mamila Branch (No. 015), Jerusalem.

 

 

CHARACTER AND REPUTATION

 

Nothing unfavorable learned.

 

 

SUMMARY

 

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

Maximum unsecured credit up to several hundred thousand US$ and more.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.59

UK Pound

1

Rs.80.34

Euro

1

Rs.67.14

 

 

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.