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Report Date : |
24.03.2012 |
IDENTIFICATION DETAILS
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Name : |
ITZHAK KAIRY TEXTILE |
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Registered Office : |
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Country : |
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Date of Incorporation : |
Not Available |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importers and traders of fabrics and textile. |
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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 : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
-- |
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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
ITIZICK KAIRY*
Correct Name: ITZHAK KAIRY TEXTILE
Telephone 972 3 516 70 28
Fax 972 3 516 70 28
TEL
AVIV 6516124
A sole
proprietorship, date of establishment not forthcoming, though we are informed
that it is a veteran business.
Operating under Licensed Dealer No.
024869075.
The business is registered with the Tax
Authorities’ Files under the name of "KAIRY ITZHAK ".
* Subject is a
non-registered business, therefore it does not have an official registered
name. For all that we know, besides the name in caption it may be using several
styles, including the names "ITZHAK
KAIRI" and "ITIZICK KAIRY" (the name you gave) – but since
subject's owner Itzhak Kairy refused to cooperate, we could not confirm if
these names.
Itzhak Kairy.
Itzhak (Itzik)
Kairy.
Importers and
traders of fabrics and textile.
Operating from
premises in
Number of
employees not forthcoming.
Financial data not
forthcoming.
Sales data not
forthcoming.
Bank data not
forthcoming.
Nothing
unfavorable learned.
Mr. Itzhak Kairy
refused categorically to disclose data on his business besides the very general
business activity.
We assume that
Itzhak Kairy is the son of Marco Kairy, a veteran businessman, who started his
own business operations in 1956, as importer and marketer of fabrics and along
the years his sons Itzhak and David (Dudi) joined him (Dudi Kairi also run his
own business in the same area as subject). To-date Marco Kairy owns and manages
MARCO KAIRI LTD., importers, marketers and retailers of domestic furniture
(e.g. chairs, tables, cupboards, buffets, etc.), household products and
decorative items, as well as home textile (fabrics, curtains, etc.).
According to Central Bureau
of Statistics (CBS), import of fabrics and yarns rose in 2010 by 16.6%, parallel to
the recovery in general in the local economy in 2010 (import fell in 2009 by
17.2% from 2008 due to the slow-down in economy). The trend continued in 2011, though in a much lower pace: import rose
2.1% comparing to 2010 to US$ 698.6 million. That reflects the current
market conditions which point on a stagnation in
general in the local economy since mid 2011, after a stronger first half of
2011.
Chinese production comprises the largest
portion of imported textile goods followed by
Considering the
refusal to disclose data, dealing 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.50.90 |
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1 |
Rs.80.77 |
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Euro |
1 |
Rs.67.40 |
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.