MIRA INFORM REPORT

 

 

Report Date :

13.04.2013

 

IDENTIFICATION DETAILS

 

Name :

F – TARGET PRODUCTS LTD.

 

 

Registered Office :

15 Haodem Street Hod Hasharon 4535948          

 

 

Country :

Israel

 

 

Date of Incorporation :

03.06.2004.

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Not Available

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Undetermined

Payment Behaviour :

--

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

Israel

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

ISRAEL - ECONOMIC OVERVIEW

 

Israel has a technologically advanced market economy. It depends on imports of crude oil, grains, raw materials, and military equipment. Cut diamonds, high-technology equipment, and agricultural products (fruits and vegetables) are the leading exports. Israel usually posts sizable trade deficits, which are covered by tourism and other service exports, as well as significant foreign investment inflows. The global financial crisis of 2008-09 spurred a brief recession in Israel, but the country entered the crisis with solid fundamentals - following years of prudent fiscal policy and a resilient banking sector. The economy has recovered better than most advanced, comparably sized economies. In 2010, Israel formally acceded to the OECD. Natural gasfields discovered off Israel's coast during the past two years have brightened Israel's energy security outlook. The Leviathan field was one of the world's largest offshore natural gas finds this past decade. In mid-2011, public protests arose around income inequality and rising housing and commodity prices. The government formed committees to address some of the grievances but has maintained that it will not engage in deficit spending to satisfy populist demands.

 

Source : CIA

Company name and address

 

F – TARGET PRODUCTS LTD.

 

Registered Address

15 Haodem Street

HOD HASHARON4535948-ISRAEL

 

 

HISTORY & LEGAL FORMATION

 

A private limited company, incorporated as per file No. 51-355131-7 on the 03.06.2004.

 

So far we have been unable to trace subject or any of its officials, and could not determine whether subject is actually active or not.

Note: According to the Registrar of Companies, subject status is registered as "Active" (which not necessarily reflects the actual status).

 

 

SHARE CAPITAL

 

Authorized share capital NIS 1,000.00, divided into -

              1,000 ordinary shares of NIS 1.00 each,

fully issued.

 

 

SHAREHOLDERS

 

Subject is fully owned by Ms. Doris Abekasis.

 

 

SOLE DIRECTOR

 

Ms. Doris Abekasis.

 

 

BUSINESS

 

As noted, at this stage we do not know if subject is commercially active.

Line of business not forthcoming. We did not find subject in any local trade directories or databases.

There is no telephone numbers listed under subject's name, nor under Ms. Doris Abekasis' name in the Telephone Directory.

 

Subject's registered address according to the Registrar of Companies (as well as Ms. Doris Abekasis' address) is 15 Haodem Street, Hod Hasharon.

Note: The address you provided, 8 Yehoshua Ben Nun Street, Hod Hasharon, serves BASIC COLORS LTD. (Your 217297), fully owned by Uri Levi. When we spoke to him, he told us that he knows Doris Abekasis, however refused to disclose her phone number.

 

There is 1 charge for an unlimited amount registered on the company's assets (financial assets), in favor of Mizrahi Tefahot Bank Ltd. (charge placed December 2010).

 

According to our (August 2009), Ms. Doris Abekasis holds 25% of TAXIN INVESTMENTS LTD. (additional 25% is held by Uri Levi, owner of BASIC COLORS), a holding company which fully owns MITOS INTERNATIONAL LTD.*, manufacturers, importers, marketers, exporters and dealers in apparel (T-shirts, trousers, mainly for kids and babies). MITOS held the exclusive concession for manufacturing and marketing the following leading international brands: “Disney Princess”, “Hannah Montana”, “Pooh”, “Bratz Babyz”, “Bratz Ponyz”, “X-small”, “TMNT”, etc.

COLAND INTERNATIONAL INC., MITOS’s affiliated in Hong Kong.

According to our files, Uri Levi serves as General Manager of MITOS INTERNATIONAL.

 

*Note: so far we could not contact MITOS - the telephone number we have  (+972-9-7695000) is disconnected, no other numbers are registered under MITOS's name. Therefore, we could not confirm MITOS is actually active.

 

We did not find anything detrimental on subject or its owner.

 

 

SUMMARY

 

Dealings, if any, are recommended on cash in advance basis only.

 

Note: Since the beginning of February 2013 Israel Post has started using a new area code method of 7 digits (the old method of 5 digits is no longer valid).

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.44

UK Pound

1

Rs.83.77

Euro

1

Rs.71.33

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.