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Report Date : |
23.05.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
SINGER RONI LTD. |
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Formerly Known As : |
SINGER TRANSPORT LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
09.08.1988 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers and marketers of agricultural produce and supplies (peat, coconut ground base, plastic products, etc.). |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 |
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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 |
SINGER
RONI LTD.
Telephone 972
9 748 45 72
Fax 972
9 748 42 56
P.O. Box 261
19
Habe'er Street
BATZRA 6084000 ISRAEL
A private limited company, incorporated as per
file No. 51-131635-8 on the 09.08.1988.
Originally established under the name SINGER
TRANSPORT LTD., which changed to the present name on the 31.05.2000.
We are informed that subject began as a
transportation company, and converted to its current activities in 1992.
Authorized share capital NIS 10,000.00,
divided into -
10,000
ordinary shares of NIS 1.00 each,
of which 100 shares amounting to NIS 100.00
were issued.
1. Roni Singer, 50%,
2. Ms. Carolina Singer, 50%.
1. Roni Singer, General Manager,
2. Ms. Carolina Singer
Importers and marketers of agricultural produce and supplies (peat, coconut ground base, plastic products, etc.).
Among clientele: GANIM SMART AGRICULTURE
(40% of sales).
Operating from office premises, owned by
shareholders, on an area of 60 sq. meters, in 19 Habe'er Street, Batzra Village
(a locality north of Ra'anana).
Number of employees not forthcoming,
believed to be few.
Work is according to orders.
Financial data not forthcoming.
There are 6 charges for unlimited amounts
registered on the company's assets (financial assets and a vehicle), in favor
of Bank Leumi Le'Israel Ltd. and Bank Hapoalim Ltd. (last charge placed
November 2005).
2010 sales claimed to be NIS 1,300,000.
2011 sales claimed to be NIS 1,500,000.
Bank Leumi Le'Israel Ltd., Kfar Saba Branch
(No. 946), Kfar Saba.
Bank Hapoalim Ltd., Kfar Saba Branch (No. 627), Kfar Saba.
Nothing unfavorable learned.
Subject's General Manager, Mr. Roni Singer,
refused to disclose employees and financial data (besides general sales
figures).
In 2011 value of agricultural input amounted to NIS 17.6 billion, 11.2%
nominal increase from 2010. Gross Domestic Product (output value minus
purchased input) was NIS 12.8 billion.
Import of
agricultural raw materials (excluding animal feed) to Israel in 2011 rose by
close to 22% from 2010, summing up to US$ 223.8 million. A 12% rise in
purchased input prices was recorded in 2011 compared to 2010.
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.54.88 |
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UK Pound |
1 |
Rs.86.84 |
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Euro |
1 |
Rs.70.21 |
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.