MIRA INFORM REPORT

 

 

Report Date :

19.06.2013

 

IDENTIFICATION DETAILS

 

Name :

ORCA COFFEE LTD.

 

 

Registered Office :

1 Hamelacha Street, Industrial Zone B, Or Yehuda 6037201

 

 

Country :

Israel

 

 

Date of Incorporation :

31.01.2012

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importers and marketers of green coffee

 

 

No. of Employees :

12

 

 

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 – March 31st 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

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. Its major imports include crude oil, grains, raw materials, and military equipment. Cut diamonds, high-technology equipment, and pharmaceuticals are among 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. Israel's economy also has weathered the Arab Spring because strong trade ties outside the Middle East have insulated the economy from spillover effects. 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, and production from the Tama field is expected to meet all of Israel's natural gas demand beginning mid-2013. 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 & address

 

ORCA COFFEE LTD.

Telephone                972 3 634 43 32

Fax                         972 3 634 39 38

1 Hamelacha Street

Industrial Zone B

OR YEHUDA           6037201                   ISRAEL

 

 

HISTORY & LEGAL FORMATION

 

A private limited company, incorporated as per file No. 51-473161-1 on the 31.01.2012.

 

 

SHARE CAPITAL

 

Authorized share capital NIS 10,000.00, divided into: -

                 10,000 ordinary shares of NIS 1.00 each,

of which 2,000 shares amounting to NIS 2,000.00 were issued.

 

 

SHAREHOLDERS

 

1.      Dror Tziber, 25%,

2.      Meir Shamir, 25%,

3.      Binyamin (Benny) Nahum, 25%,

4.      Erez Birk, 25%.

 

 

DIRECTORS

 

1.      Meir Shamir, General Manager,

2.      Dror Tziber.

 

 

BUSINESS

 

Importers and marketers of green coffee.

 

Suppliers are from South America and Far East (e.g. Vietnam, India).

 

Operating from rented offices premises, on an area of 200 sq. meters, in 1 Hamelacha Street, Industrial Zone B, Or Yehuda, and from storage facilities in Emek Hefer (rented), and at the Logistics Warehouse of ADANIM in Ashdod.

 

Having 12 employees.

 

 

MEANS

 

Financial data not forthcoming.

 

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

 

 

SALESS

 

Sales data not forthcoming.

 

 

OTHER COMPANIES

 

A. BILMAN CONVEYANCE LTD., owned by Dror Tziber, established in mid 1990s, cardboard packaging.

Operating from the same address as subject.

 

BILMAN LTD., owned by Dror Tziber and Benny Nahum.

 

OZ HADAR IN AGRICULTURE LTD., owned by Meir Shamir and Ben Zion David, agricultural supply and services.

 

 

BANKERS

 

Mizrahi Tefahot Bank Ltd., Hamedina Square Branch (No. 410), Tel Aviv.

 

CHARACTER AND REPUTATION

Nothing unfavorable learnt.

Subject's General Manager, Meir Shamir, refused to disclose financial data.

 

 

SUMMARY

 

Considering the refusal to disclose financial details, as well as being relatively new company (although appears that subject is part of a group of several companies which are established), for the time being dealings are recommended on a secured basis.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.58.45

UK Pound

1

Rs.91.60

Euro

1

Rs.77.91

 

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

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.