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Report Date : |
03.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
PERFECT TRADE
LTD. |
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|
|
|
Registered Office : |
P.O. Box 44271, 45 L"A Street, Tel
Aviv V6144201 |
|
|
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Country : |
Israel |
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Date of Incorporation : |
23.10.2011. |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers, exporters and marketing of
clothing textile goods, mainly men, women and kids shirts (goods from subject's
own brand or under OEM/ Private Label services). |
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|
|
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No. of Employees : |
Not
Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – 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 |
PERFECT TRADE LTD.
Telephone 972 3 517 00 72
Fax 972 3 549 45 62
Email: info@perfectrade.co.il
P.O. Box 44271
45 L"A Street
TEL
AVIV V6144201 ISRAEL
A private limited company, incorporated as
per file No. 51-467969-5 on the 23.10.2011.
Authorized share capital NIS 10,000.00,
divided into -
100,000
ordinary shares of NIS 0.10 each,
of which 1,000 shares amounting to NIS
100.00 were issued.
Subject is fully owned by Meir Liphshes.
Danny Lipaz.
Importers, exporters and marketing of
clothing textile goods, mainly men, women and kids shirts (goods from subject's
own brand or under OEM/ Private Label services).
Operating from premises in 45 L"A
Street, Tel Aviv (to where they moved from 12 Hacarmel Street, Tel Aviv a
year ago). (Note: Mr. Lipaz told us that the building in 12 Hacarmel Street
is owned by him).
Number of employees not forthcoming.
Financial data not forthcoming.
There is 1 charge
for an unlimited amount registered on the company's assets (financial assets),
in favor of Mizrahi Tefahot Bank Ltd. Charge placed in June 2012.
Sales figures not forthcoming.
Meir Liphshes holds:
MALAM TEAM LTD., 7.2%, a public limited
company whose shares are traded on the Tel Aviv Stock Exchange, heads MALAM
–TEAM Group, an integration and IT Group, incorporated in 1972, engaged in IT
services and solutions, computing services and IT infrastructure, outsourcing
services, and software projects. Current market value US$ 40.4 million. 2012
consolidated revenues were NIS 1.755 million and net profit NIS 10 million.
LIPHSHES HOLDINGS LTD., holding company
owned by Meir Liphshes.
L.D.A.M. TRADE LTD., incorporated in 1999,
owned by Danny Lipaz. This company used to import and market consumer goods,
and to the best of our knowledge it is commercially inactive.
L.D.A.M. TRADE (1977) LTD., also known to be
owned by Danny Lipaz, inactive (were importers
of stationary goods, small electrical appliances and furniture).
Mizrahi Tefahot Bank Ltd., branch data not
forthcoming.
Nothing
unfavorable learnt.
Subject's General Manager, Ms. Danny Lipaz, refused to disclose any data
so far. He asked for a fax with our request, which we sent, but it remains
unanswered. In case he sends fresh data we shall update you accordingly.
Based on our, until few years ago Mr. Lipaz
used to a joint Director and General Manager in a local company called MAYA
L.S. LTD., incorporated in 2005 and deals as importers and marketers of textile
products, mainly apparel. Prior to that Mr. Lipaz was involved in several
companies and businesses, partly also owned or partly owned by him, which dealt
in investments, finance, real estate and more. In the framework of these and
Lipaz's other companies (as above in OTHER COMPANIES) we was involved in
several lawsuits.
Subject's owner, Mr. Meir Liphshes, is a
known businessman. MALAM TEAM Group, in which he has stakes (as above), is one
of the largest and leading local IT Groups.
Presently there is a dispute between Mr.
Liphshes and Mr. Shlomo Eisenberg, who controls MALAM TEAM Group. In the past,
Liphshes also managed companies in the Group.
On one hand
subject's owner is known to be wealthy, while the professional part is handled
by subject's manager, Mr. Lipaz, who is veteran in the consumer goods commerce
area. On the other hand, lacking certain basic data, due to the refusal to
disclose information (at this stage), therefore fro the time being dealings are
recommended on a secure basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.62.35 |
|
UK Pound |
1 |
Rs.101.20 |
|
Euro |
1 |
Rs.84.53 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.