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Report Date : |
22.03.2014 |
IDENTIFICATION DETAILS
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Name : |
HOBBY CENTER LTD. |
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Formerly Known As : |
NADIR'S WAREHOUSE 2002 LTD. |
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Registered Office : |
P.O.
Box 974, Noa Shopping Moll, Karkur Junction, Pardes Hana-Karkur 3710901 |
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Country : |
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Date of Incorporation : |
25.08.2002 |
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Com. Reg. No.: |
51-328705-2 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Importers and marketers of home mats and small carpets. Subject also operates DIY retail store. |
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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 : |
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 – december 01, 2013
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Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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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 |
HOBBY CENTER LTD.
Telephone 972
4 627 50 50
Fax 972
4 637 68 82
P.O. Box 974
Noa
Shopping Moll, Karkur Junction
PARDES HANA-KARKUR-3710901
A private limited company, incorporated as
per file No. 51-328705-2 on the 25.08.2002 under the name NADIR'S WAREHOUSE
2002 LTD., which changed to the present name on the 02.09.2001.
Authorized share capital NIS 10,000.00,
divided into -
10,000
ordinary shares of NIS 1.00 each,
of which 100 shares amounting to NIS 100.00
were issued.
Subject is fully owned by GOLDI HON LTD.,
owned by Eitan Goldberg and family.
Eitan Goldberg.
Ms. Keren Einav
Engaged in 2 lines of business:
Importers and marketers of home mats and
small carpets.
Operating a DIY retail store.
Purchasing is both from import (mats) and
from local suppliers (DIY).
Operating from premises, in Noa Shopping
Moll, Karkur Junction, Pardes Hana-Karkur.
Number of employees not forthcoming.
Financial data not forthcoming.
There are 3 charges for unlimited amounts registered on the company's
assets (financial and assets), in favor of Mizrahi Tefahot Bank Ltd. 2 charge
placed in 1995 and 1 in October 2012.
Sales figures not forthcoming.
Eitan Goldberg
also owns/ controls the following subject’s sister companies:
GOLDI HON LTD.,
parent company, incorporated 1995, importers and marketers of children
products, sole representatives of SAFETY.
SUN DESIGN GOLD (2006)
LTD., fully owned by Eitan Goldberg, incorporated in 2006, continuing business
activities founded in late 1970's - early 1980's, importers, marketers,
wholesalers of quality furniture (indoor, garden, outdoor and pool furniture)
for hotels and the institutional market (restaurants, event halls and gardens,
beaches, pools, etc.). 2011 sales NIS 10 million.
TAFNIT E.D.B.
TRADING AND INVESTMENTS (1992) LTD., (75% owned by Eitan Goldberg based on our
past), importers and marketers of household goods (kitchenware, bathroom
products, decoration artifacts, lamps, etc.). Incorporated 1992, activities
originally started 1987.
CHAIRS-4-U LTD.
Asaf Goldbeg, Eitan Goldberg's son, fully owns:
E.G.S.T. (ISRAEL)
LTD., importers and marketers of baby products (non-food), chairs, carriages,
etc.
Mizrahi Tefahot Bank Ltd., Kenyon Orot
Branch (No. 438), Or Akiva.
Nothing unfavorable learned.
So far subject's Director,
Mr. Eitan Goldberg, did not disclose data (besides some basic details, given to
us by subject's General Manager). He asked us for a fax with our request, which
we sent, and he will consider it. In case he returns with fresh data, we shall
update you accordingly.
Group's activities
are veteran.
Considering the
lack of updated data from subject's officials so far (gave us only line of
business and bank details), for the time being dealings are recommended on
secured basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.05 |
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UK Pound |
1 |
Rs.100.80 |
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Euro |
1 |
Rs.84.18 |
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.