MIRA INFORM REPORT

Report Date :

01.11.2013

IDENTIFICATION DETAILS

Name :	DARABI JALAL

Registered Office :	51 Matalon Street Tel Aviv 6685602

Country :	Israel

Date of Incorporation :	1984.

Legal Form :	Sole Proprietorship

Line of Business :	Importers and marketers of foodstuff (mainly rice and tea, also goods varies according to market demand).

No. of Employees :	2 employees (including owner).

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate

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, 31^st,2013

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Israel

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

MR DARABI JALA

Correct Name: DARABI JALAL

Telephone 972 3 639 04 39

Mobile 972 50 535 33 32

Fax 972 3 639 04 39

51 Matalon Street

Tel Aviv 6685602 Israel

HISTORY & LEGAL FORMATION

A Sole Proprietorship, established in 1984.

Operating under Licensed Dealer No. 017911983.

The business is registered with the Tax Authorities’ Files under the name of "DARABI JALAL ".

OWNERSHIP

Jalal Darabi.

GENERAL MANAGER

Jalal Darabi.

BUSINESS

Importers and marketers of foodstuff (mainly rice and tea, also goods varies according to market demand).

Operating from rented office premises, on an area of 50 sq. meters, in 51 Matalon Street, Tel Aviv, and from bonded warehouse (rented) in 45 Moshe Sharet Street, Azor according to need.

Having 2 employees (including owner).

MEANS

Financial data not forthcoming.

REVENUES

Sales figures not forthcoming.

BANKERS

Bank Leumi Le'Israel Ltd., Migdal Aviv Branch (No. 812), Tel Aviv.

Bank Hapoalim Ltd., Haaliya Branch (No. 503), Tel Aviv.

CHARACTER AND REPUTATION

Nothing unfavorable learned.

Subject’s owner, Mr. Jalal Darabi, refused to disclose financial data.

Subject is a small, veteran business.

After several years of constant growth, the consumer products market, which includes food, beverages and household and personal care goods, ended 2012 with fixation and even decrease in sales, according to Nilsen Market Research. The decrease intensified over the last quarter of 2012, but was compensated by prices rise. In money terms, the market grew by mere 0.7%, lest than the population growth rate (2% per annum), reflecting the slow-down trend in the local economy which started in 2011 2^nd half. Sales in the bar-coded consumer market reached NIS 40.4 billion. Sales of food in 2012 grew by 1.1%, reaching NIS 29.8 billion, while in the beverage market sales fell by 2% to NIS 5.1 billion. Volume of personal care goods rose by 3% to NIS 3 billion, while sale of household increased by 1.5% to NIS 2.7 billion.

According to Central Bureau of Statistics (CBS), import of food and beverages to Israel in 2012 summed up to NIS 6,898 million, rising by 13.8% from 2011 (a 5.5% rise in $ terms), continuing the upward growth trend from 2011 and 2010.

From the CBS National Accounts for 2012, it turns that expenditure by local households on private consumption grew by 2.7% from 2011, after rising by 3.8% in 2011. Expenditure on food, beverage & tobacco increased by 3.4% (after 4% rise in 2011).

Per capita expenditure for private consumption on non-durable goods rose in 2012 by 1.4% per-capita (1.3% rise in 2011). This rise reflects increases by 1.3% in expenditure on food, beverage & tobacco and 4.5% expenditure on clothing, footwear and personal effects.

SUMMARY

Notwithstanding the refusal to disclose financial data, considered good for trade engagements.

Maximum unsecured credit recommended US$ 5,000.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.41
UK Pound	1	Rs.98.29
Euro	1	Rs.84.12

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%)

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