MIRA INFORM REPORT

 

 

Report Date :

09.01.2013

 

IDENTIFICATION DETAILS

 

Name :

AMAN HADAGIM LTD.

 

 

Registered Office :

1/6 Erwin Shlezinger Street Industrial Zone Ashdod 7760801        

 

 

Country :

Israel

 

 

Date of Incorporation :

19.07.2012.

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importers and marketers of fish (for food).

 

 

No. of Employees :

8 employees

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

--

NB

New Business

 

--

 

Status :

New Company

Payment Behaviour :

Unknown

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

           

AMAN HADAGIM LTD.

Telephone  972 8 641 50 01

Fax           972 8 641 50 10

1/6 Erwin Shlezinger Street

Industrial Zone

ASHDOD   7760801            ISRAEL

 

 

HISTORY & LEGAL FORMATION

 

A private limited company, incorporated as per file No. 51-480171-1 on the 19.07.2012.

 

*Note: Subject's name "Aman Hadagim" in Hebrew translates to "Fish Expert".

 

 

SHARE CAPITAL

 

Authorized share capital NIS 1,000.00, divided into -

              1,000 ordinary shares of NIS 1.00 each,

of which 100 shares amounting to NIS 100.00 were issued.

 

 

SHAREHOLDERS

 

Subject is fully owned by Avraham Ben-Amitai.

 

 

SOLE DIRECTOR & GENERAL MANAGER

 

Avraham (Avi) Ben-Amitai.

 

 

BUSINESS

 

Importers and marketers of fish (for food).

 

Sales began on the 01.01.2013.

 

Operating from premises, on an area of 200 sq. meters, in 1/6 Erwin Shlezinger Street (street name changed from Hamelacha Street), Industrial Zone, Ashdod.

 

Having 8 employees.

 

 

MEANS

 

Financial data not forthcoming.

 

There are no charges registered on the company's assets.

 

 

REVENUES

 

Sales have just begun.

 

 

BANKERS

 

Bank Leumi Le'Israel Ltd., Ramat Aviv Gimel Branch (No. 628), Tel Aviv.

 

 

CHARACTER AND REPUTATION

 

Nothing unfavorable learned.

 

Prior to establishing subject, Avi Ben-Amitai worked for 15 as an employee in MAADANEI YAM (SEA FOOD) ATLANTIC, Israel's most prestigious fish importer (part of Israel's most prestigious sea food restaurant Group).

 

According to sources in the branch, during the last 5 years annual sales of fish (fresh and frozen) were in value of circa NIS 450 million, from import and local fishing. Frozen fish market was valued at NIS 316 million according to Nilsen market survey of January 2010.

 

From data published by the Fish Breeders Association in Israel in 2007, some 19,000 tons of fish per year grown on 25,000,000 sq. meters (150 sweet and salt water ponds). Each year over 40,000 tons of fish are imported, mostly from Norway, Chile, Africa and the Far East. 5,000 tons are fished in the Mediterranean Sea and the Kinneret Lake.

Fish consumption in Israel has been rising but still below average comparing to other western countries. Average per capita consumption stands at around 13 kg per year.

Some 70% of the goods are sold to private consumers, the rest to the institutional market.

 

 

SUMMARY

 

A newly established company, therefore too early to determine a definite credit opinion.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.33

UK Pound

1

Rs.89.05

Euro

1

Rs.72.57

 

 

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.