MIRA INFORM REPORT

 

 

Report No. :

353553

Report Date :

11.12.2015

 

IDENTIFICATION DETAILS

 

Name :

HADAR STABILIZATION SYSTEMS & LANDSCAPING LTD.

 

 

Registered Office :

P.O. Box 350, Neveh Yarak 4994500

 

 

Country :

Israel

 

 

Date of Incorporation :

22.09.1993

 

 

Com. Reg. No.:

51-185901-9

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importers and marketers of equipment and tools for land stabilization against erosion, and for restoring of landscape stigmas.

 

 

No. of Employee :

6 (2012)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

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, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Israel

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

                                                                                                  

HADAR STABILIZATION SYSTEMS & LANDSCAPING LTD.

 

Telephone                           972 9 901 39 95

Fax                                     972 9 901 39 97

Email:                                 info@haddar.co.il

P.O. Box 350

NEVEH YARAK 4994500 ISRAEL

 

 

HISTORY & LEGAL FORMATION

 

A private limited company, incorporated as per file No. 51-185901-9 on the 22.09.1993.

 

Originally registered under the name HADAR COMPUTER SYSTEMS (1993) LTD, which changed to the present name on 24.08.1998.

 

Subject is part of HADAR Group (subject and sister company) which started activities in 1976.

 

 

SHARE CAPITAL

 

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.

 

 

SHAREHOLDERS

 

1.     Yoav Hadar, 99%,

2.     Gili Hadar, 1%.

 

 

SOLE DIRECTOR & GENERAL MANAGER

 

Yoav Hadar

 

 

 

BUSINESS

 

Importers and marketers of equipment and tools for land stabilization against erosion, and for restoring of landscape stigmas.

 

Among clientele: DANYA CYBUS, SHAFIR CIVIL & MARINE ENGINEERING, ROLIDER, NETIVEI ISRAEL - NATIONAL TRANSPORT INFRASTRUCTURE CO., ISRAEL ELECTRIC CORP., MEKOROT WATER CO., Ministry of Defense, and more.

 

Sole local representatives of (main ones):

GEOBRUGG, of Switzerland,

E.S.S.I, of USA,

C.C.M, ADVIN, both of India,

7 STATES, of Taiwan.

 

Operating from rented premises, on an area of 2,000 sq. meters (250 sq. meters built), in Neveh Yarak Village (or “Moshav Neveh Yarak”, where “moshav” is a typical Israel agricultural settlement).

 

Had 6 employees in Group in the beginning of 2012 (subject and sister ompany), had 4 employees in mid 2010, also using subcontractors according to need. Current employee number not forthcoming.

 

 

MEANS

 

Consolidated (subject and sister company) stock was valued at NIS 500,000 in the beginning of 2012.

 

Later/other financial data not forthcoming.

 

There are 4 charges for unlimited amounts registered on the company’s assets (financial assets and vehicle) in favor of Bank Leumi Le'Israel Ltd., Mizrahi Tefahot Bank Ltd. and The First International Bank of Israel Ltd. (last charge placed September 2001).

 

 

REVENUES

 

2008 consolidated sales claimed to be NIS 2,500,000.

2009 consolidated sales claimed to be NIS 2,500,000.

2010 consolidated sales claimed to be NIS 2,000,000.

2011 consolidated sales claimed to be NIS 5,000,000.

Later sales data not forthcoming.

 

 

OTHER COMPANIES

 

HADAR GROUND STABILIZATION PROJECTS LTD., sister company, ground stabilization projects.

 

 

BANKERS

 

Mizrahi Tefahot Bank Ltd., Kfar Sava Branch (No. 424), Kfar Sava, account

No. 474029.

A check with the central banks data base did not reveal negative information on subject’s bank account.

 

 

CHARACTER AND REPUTATION

 

Nothing unfavorable learnt.

 

Subject's General Manager, Yoav Hadar, the only authorized person to disclose data on subject, is presently on vacation and due back a week's time. We shall contact him upon his return and update you accordingly.

 

This is a veteran business.

 

 

SUMMARY

 

Notwithstanding the lack of updated data from subject's General Manager so far, we consider subject to be a fare trading partner, though at this stage we cannot determine a definite credit opinion.

 

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

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.79

UK Pound

1

Rs.101.37

Euro

1

Rs.73.46

ILS

1

Rs. 17.38

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

TRI

 

 

Report Prepared by :

ASH

 

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.