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Report Date : |
18.05.2012 |
IDENTIFICATION DETAILS
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Name : |
BELLEROSE C.O. LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
01.09.2009 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers and marketers of men’s
and women’s apparel |
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No. of Employees : |
17 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 |
|
Risk Category |
ECGC
Classification |
|
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 |
BELLEROSE C.O. LTD.
Telephone 972 3 910 24 19
Fax 972 3 903 15 51
P.O. Box 3452
4 Hamifalim Street
Kiryat Arieh Industrial Zone
PETACH TIKVA 4951374 ISRAEL
A private limited
company, incorporated as per file No. 51-431923-5 on the 01.09.2009.
Subject was
established in view of assuming the import business activities of sister
company H.B.M TRADING LTD., incorporated in 2004.
Authorized share capital NIS 10,000.00, divided into -
100 ordinary shares of NIS 1.00
each,
of which 1,200
shares amounting to NIS 1,200.00 were issued.
Company is fully owned by David Rozenberg.
David Rozenberg,
born 1978.
Importers and marketers of men’s and women’s apparel.
All imported goods are sold to
sister
company H.B.M. TRADING LTD.
The two companies operations are intertwined.
Operating from
rented premises, on an area of 250 sq. meters, in 4 Hamifalim Street, on the 3rd
floor, Kiryat Arieh Industrial Zone, Petach Tikva. Premises are shared with
sister company H.B.M.
Having 17
employees serving subject and sister company H.B.M TRADING.
Financial data not forthcoming.
There is 1 floating charge for an unlimited amount registered on the
company’s assets (financial assets), in favor of Mizrahi Tefahot Bank Ltd.
Sales figures not forthcoming.
H.B.M TRADING
LTD., fully owned by David Rozenberg, local purchasing
(from Israeli 3rd party suppliers and from subject) of men's and
women's apparel, which they market and sell via a retail chain of 5 shops under
the name 'America Today'.
Mizrahi Tefahot
Bank Ltd., Ben Yehuda Branch (No. 401), Jerusalem, account No. 021399.
A check with the
Central Banks' database did not reveal anything detrimental on subject’s a/m
account.
Nothing unfavorable
learned.
Subject's General Manager Mr. David
Rozenberg, refused to disclose financial data.
Owner and General
Manager David Rozenberg used for many years to work for TEFRON LTD., local
leading and large manufacturers, exporters and marketers of seamless woman’s
lingerie and under, active wear and swim wear.
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.
Despite the fears
due to the slow-down trend in the local economy, mainly since mid 2011, sales
by the local fashion –clothing and footwear- branch in 2011 witnessed a growth.
According to sources in the local fashion branch, in recent months the
branch entered
again a freezing mode. It may be explained by several factors, including the
present slow-down in local economy, the fierce competition and more.
According
to the Central Bureau of Statistics (CBS), private consumption expenditure by
Israeli households in 2011 in clothing, footwear and personal effects rose by
mere 1.3% from 2010, after a 9.5% increase from 2009.
Notwithstanding the refusal to disclose
financial details, considered good for trade engagements.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.29 |
|
UK Pound |
1 |
Rs.86.61 |
|
Euro |
1 |
Rs.68.87 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
|
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 |
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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 |
|
<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.