MIRA INFORM REPORT

 

 

Report Date :

11.05.2013

 

IDENTIFICATION DETAILS

 

Name :

KAHOL LAVAN

 

 

Registered Office :

63 Sderot Hatziyonut Ave., Kiryat Ata 2808235

 

 

Country :

Israel

 

 

Date of Incorporation :

Not Available

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Subject is engaged in the textile import and marketing field.

 

 

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 :

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 and address

 

KAHOL LAVAN

Telephone         972 52 446 00 06 (mobile phone)

Fax                   972 4 842 14 95

63 Sderot Hatziyonut Ave.

KIRYAT ATA 2808235 ISRAEL

 

 

HISTORY & LEGAL FORMATION

 

A sole proprietorship, date of establishment not forthcoming. 

 

Operating under Licensed Dealer No. 033605593.

The business is registered with the Tax Authorities’ Files under the name of "TZAFRIR TOMER".

 

 

OWNERSHIP

 

Tomer Tzafrir.

 

 

GENERAL MANAGER

 

Tomer Tzafrir, born 1976.

 

 

BUSINESS

 

Exact line of activities not forthcoming.

 

According to a single source subject is engaged in the textile import and marketing field.

 

Mr. Tomer Tzafrir resides in 63 Sderot Hatziyonut Ave., Kiryat Ata. Since we could not speak to him, we could not verify the address of 18 Haifa Road, Kiryat Ata (address which you provided, also subject's registered address in the VAT authority).

 

Number of employees not forthcoming, believed to be few, if any.

 

 

MEANS

 

Financial data not forthcoming.

 

 

REVENUES

 

Sales figures not forthcoming.

 

 

BANKERS

 

Bank data not forthcoming.

 

 

CHARACTER AND REPUTATION

 

Nothing unfavorable learned on subject or its owner.

 

So far, we were unable to speak to Tomer Tzafrir. We called the mobile telephone number in caption (extracted from the Telephone Directories based on Tzafrir family name) and spoke to Tomer's spouse. She said that her husband is abroad, due back in a week or more. She refused to disclose any information.

We shall call Tomer Tzafrir upon his return and update you accordingly.

 

 

SUMMARY

 

For the time being, until we receive further data from Tomer Tzafrir, dealings are recommended on cash in advance basis.

 

Note: The telephone number you provided (972-52-610085) is a cellular number and has only 6 digits besides the prefix (7 digits are needed). We tried several combinations but reached dead end.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.54

UK Pound

1

Rs.84.19

Euro

1

Rs.71.11

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

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.