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Report Date : |
22.10.2013 |
IDENTIFICATION DETAILS
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Name : |
R.N. STERNPLAST
LTD. |
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Formerly Known As : |
STERN PACKAGING LTD |
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Registered Office : |
Mobile Post |
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Country : |
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Date of Incorporation : |
2012 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Manufacturers (via subcontractors in |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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) |
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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 |
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Source
: CIA |
R.N. STERNPLAST
LTD.
Telephone 972
8 677 18 11
Fax 972
8 677 18 11
Mobile Post Lachish Darom
Sde Yoav 7935100 Israel
Originally established as a sole proprietorship in 2012.
Converted into a private limited company and registered as such as per file
No. 51-489890-7 on the 22.04.2013 under the name STERN PACKAGING LTD., which
changed to the present name on the 08.08.2013.
Authorized share capital NIS 10,000.00, divided into -
100 ordinary shares of NIS 100.00 each, fully issued.
1. Ran Stern, 50%,
2. Niv Stern, 50%.
1. Ran (Rani) Stern,
2. Niv Stern., son of Ran
Stern.
Manufacturers (via subcontractors in India), exporters and marketers of
flexible packaging.
10% of sales are export, all over the world.
Work is according to orders.
Operating from premises, owned by Kibbutz Sde Yoav, on an area of 35 sq.
meters, in Kibbutz Sde Yoav.
Note: Subject does not pay rental fees, as it has an arrangement with
Kibbutz Sde Yoav.
Both shareholders are the only employees.
Financial data not forthcoming.
There are no charges registered on the company's assets.
2013 projected sales are NIS 1,000,000.
Bank Hapoalim Ltd., Nehora Branch (No. 670), Nehora, account No. 148520.
A check with the Central Banks' database did not
reveal any negative information regarding subject's a/m account.
Nothing unfavorable learned.
Rani Stern has vast experience and connections in the packaging
industry. Prior to establishing subject, he served as a co-general manager in
C.L.P INDUSTRIES LTD., a veteran and among the leading local companies in the
packaging field (he retired from C.L.P in January 2012). Mr. Strern was also a
director in several large industrial companies.
According to the Chairman of the Packaging and Design Institute the
branch sales by packaging industries in 2010 amounted to over US$ 1 billion,
some 70% are sales to the local market, and some 30% sales for export.
There are some 120 packaging production plants in Israel, directly
employing some 9,400 employees as of 2010.
During 2010, packaging in value of US$ 250 - 300 million was imported to
Israel.
The Society of Israel Plastic & Rubber Industry published data on
the sector for 2011: The sector’s turnover (both local and for export) reached
US$ 5,075 million, representing 15% increase from 2009 (after 4% decrease from
2008, affected by the global crisis).
Sales for export by the Plastic and Rubber Industry also grew by some
15% in 2011 up to US$ 1,882 million, after in 2010 exports returned to 2008
levels, prior to the global economic crisis. The growth trend in export –in US$
terms- was halted in 2012 with 2.7% decrease from 2011, reaching US$ 1,831
million.
Sales breakdown: 30% of the Plastic & Rubber sector's sales are
Household Products, 23% - Agriculture, 16% - Packaging, 9% - Building sector,
9% Industry, 5% Furniture, 4% - Compounds (rest is to other fields).
Good for trade engagements.
Note: Since 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.49 |
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1 |
Rs.99.41 |
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Euro |
1 |
Rs.84.12 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.