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Report Date : |
02.03.2013 |
IDENTIFICATION DETAILS
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Name : |
ASSA BROTHERS |
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Registered Office : |
53 Nes Lagoyim Street Tel Aviv 6819026 |
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Country : |
Israel |
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Date of Incorporation : |
1970 |
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Legal Form : |
Non-registered partnership |
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Line of Business : |
Manufacturers and marketers of brooms. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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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 – 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
ASSA BROTHERS
(AHIM ASSA in Hebrew)
Telephone 972 3 682 04 97
Fax 972 3 682 04 97
53 Nes Lagoyim
Street
TEL AVIV 6819026 -ISRAEL
A non-registered partnership established in 1970.
Operating under License dealer No. 557307444.
1. Nissim Assa,
2. Manoach Assa.
1. Nissim Assa,
2. Manoach Assa.
Manufacturers and
marketers of brooms.
Importing raw materials for own production.
Most sales are to the many private customers.
Among local suppliers: KOL TIMBER.
Operating from owned premises, on an area of 720 sq. meters (120 sq.
meters built and 600 sq. meters yard), in 53 Nes Lagoyim Street, Tel Aviv.
Subject’s partners are the only ones working in the business (same in
the recent years).
Current stock is valued at NIS 80,000 (was valued at NIS 70,000 in mid
2010).
Other financial data not forthcoming.
2006 sales claimed to be NIS 600,000.
2007 sales claimed to be NIS 600,000.
2008 sales claimed to be NIS 600,000.
2009 sales claimed to be NIS 600,000.
2010 sales claimed to be NIS 600,000.
2011 sales claimed to be NIS 600,000.
2012 sales claimed to be NIS 600,000.
Bank Leumi Le’Israel Ltd., Yafo Branch (No. 801), Tel Aviv, account
No. 428700/94.
A check with the
Central Banks’ database did not reveal any negative information regarding
subject’s a/m account.
Nothing unfavorable learnt.
This is a long-established, though small family business.
Good for trade engagements.
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.54.48 |
|
|
1 |
Rs.82.72 |
|
Euro |
1 |
Rs.71.27 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.