MIRA INFORM REPORT

 

 

Report Date :

01.02.2013

 

 

IDENTIFICATION DETAILS

 

Name :

OSNAT INTERNATIONAL TRADE

 

 

Registered Office :

4 Hei Be'iyar Street Rehovot 7648314    

 

 

Country :

Israel

 

 

Year of Incorporation :

2006.

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Purchasing (in Israel) and export of metals, non-ferrous metal, plastic, etc.

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

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 – 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

           

oSNAT INTERNATIONAL TRADE

Telephone                           972 77 711 03 01

Mobile      972 54 644 28 29

Fax           972 8 945 86 44

4 Hei Be'iyar Street

REHOVOT   7648314  ISRAEL

 

 

HISTORY & LEGAL FORMATION

 

A sole proprietorship, established in 2006.

 

Operating under Licensed Dealer No. 057147852.

The business is registered with the Tax Authorities’ Files under the name of "KARITI OSNAT".

 

 

OWNERSHIP

 

Mrs. Osnat Kariti.

 

 

GENERAL MANAGER

 

Mrs. Osnat Kariti.

 

 

BUSINESS

 

Purchasing (in Israel) and export of metals, non-ferrous metal, plastic, etc.

 

All sales are for export, to various countries, including S. Korea, India, etc.

 

Among clientele: VALLALARINPEX, of India.

 

Operating from the owned private residence of Kariti family, in 4 Hei Be'iyar Street, Rehovot.

 

Having no salaried employees.

 

 

MEANS

 

Subject does not hold stock.

 

Mrs. Osnat Kariti's residence (a private house of 10 rooms, on a built area of 350 sq. meters, on a plot of 400 sq. meters) is valued at NIS 4,000,000.

 

Other financial data not forthcoming.

 

 

REVENUES

 

2012 sales claimed to be NIS 1,000,000.

 

 

BANKERS

 

Bank Leumi Le'Israel Ltd., Rehovot Branch (No. 930), Rehovot.

 

 

CHARACTER AND REPUTATION

 

Nothing unfavorable learned.

 

Mrs. Osnat Kariti informed us it supplied during Q4-2012 aluminum to VALLALARINPEX via Tuticorin Port, Idia. She further stated that clientele and goods exported varies from year to year. Mrs. Kariti did not elaborate any further regarding counties of export. She holds an "Exporter's Certificate" since 2006.

 

Osnat Kariti completed certification studies in Textile in the leading local Shenkar College. She took various courses and holds license in real estate brokerage.

Prior to forming subject, she worked as a salaried employee in a human resources firm, and (during the 1990s) as a marketing manager in a leading fashion chain.

 

 

SUMMARY

 

This is a small business, operating on relatively low volumes. Subject's owner left us with good impression. We do not have past on Ms. Osnat Kariti, we did find particular info on her in the databases searches, nor have we traced any negative information on her. 

Good for trade engagements.

Although generally appears to us credible and trustworthy, we are unable to determine a definite opinion concerning certainty in meeting her supply commitments.

 

 

Notes:

1.    The cellular phone number you provided (972 54 642 12 88) is no longer relevant to subject. Also, subject's fax No. changed from 972 50 839 76 68 (which you provided) to 972 8 945 86 44.

2.    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 January 2013).

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.29

UK Pound

1

Rs.84.22

Euro

1

Rs.72.23

 

 

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.