MIRA INFORM REPORT
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Report Date : |
23.05.2013 |
DENTIFICATION DETAILS
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Name : |
FALCON |
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Registered Office : |
--- |
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Country : |
Israel |
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Date of Incorporation : |
--- |
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Legal Form : |
Non-Registered Partnership |
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Line of Business : |
Subject operated
a tourist attraction, stimulating laser guns in a combat zone
("paintball"). |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Poor |
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Payment Behaviour : |
--- |
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Litigation : |
--- |
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) |
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Israel |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source : CIA |
Company name
FALCON
Telephone 972 52 645 31 58 (Ms. Kathy) / 972 52 653
25 62 (Mr. Felipe)
HISTORY & LEGAL FORMATION
A non-registered
partnership, established several years ago.
Operating under License Dealer No.
558040556.
Having 2 (non-registered) names at the Tax
Authorities' files: "FELIPE & ASSOC." and "FALCON".
We spoke to Ms. Kathy Edri, wife of one of
subject's partners, Mr. Yosef Edri, who informed us that subject ceased
activities about a month ago!
PARTNERS
1. Felipe Guberek
Grimberg, 50%,
2.
Yosef Edri, 50%.
JOINT GENERAL MANAGER
(while active)
1.
Felipe Guberek Grimberg, born 1968,
2.
Yosef Edri.
BUSINESS
Operated a tourist
attraction, stimulating laser guns in a combat zone ("paintball").
As noted above, we
are informed that subject is presently inactive, after ceasing activities about
a month ago.
Operated from
premises (office, playground facilities) in the Industrial Zone, Hatzor
Haglilit (area code 1030000), in the Upper Galilee region, north of the country.
While active,
subject's main telephone number was (+972) 72-2555630, a number which presently
unavailable. The other contact No.: (+972) 52-6453158 is the cellular of Ms.
Kathy Edri; Fax no. was: (+972) 72-2555631.
Business address
at the VAT Authorities files is in 1 Bat Harim Street, Zafed.
Number of
employees –while active - unavailable.
MEANS
Financial data not
forthcoming.
REVENUES
Sales data not
forthcoming.
BANKERS
Bank data not
forthcoming.
CHARACTER AND REPUTATION
Nothing unfavorable
learned.
We initially
called Mr. Felipe Guberek Grimberg. He did not provide us with business data,
only confirmed telephone numbers, address and activity.
Later, when we
spoke to Ms. Kathy Edri (partner Yosef Edri's wife), she informed us that they
closed down the business (did not wish to elaborate any further). Please note
that Mr. Felipe did not mention that fact in our conversation.
SUMMARY
Considering that subject is said to be presently inactive, dealings are not
advisable, but if any - on a cash in advanced basis only.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.52 |
|
UK Pound |
1 |
Rs.84.09 |
|
Euro |
1 |
Rs.71.67 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.