MIRA
INFORM REPORT
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Report Date : |
13th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
SHACHAM
GIVAT ADA LIMITED |
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Registered Office : |
P.O.
Box 12, Binyamina Local Council, Givat Ada 37808, Israel |
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Country : |
Israel |
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Date of Incorporation : |
19.05.1964 |
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Com. Reg. No.: |
51-043238-8 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
Recyclers of organic materials, manufacturers,
exporters and marketers of pellets for fertilizer |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 100,000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company name & Address
SHACHAM
GIVAT ADA LTD.
Telephone : 972 4 638 95 51
Fax : 972 4 638 95 56
P.O. Box
12
Binyamina
Local Council
GIVAT
ADA 37808 ISRAEL
HISTORY
A
private limited company, incorporated as per file No. 51-043238-8 on the
19.5.1964.
Originally
registered under the name of SHACHAM MINERALS LTD., which changed to SHACHAM
–MINERALS $ CHEMICALS FOR THE INDUSTRY AND AGRICULTURE LTD. on 10.3.1981, which
changed to the present name on the 10.5.1984.
SHARE CAPITAL
Authorized
share capital NIS 33,100.00, divided into:
4,999,994
ordinary shares, of NIS 0.0001 each,
32,500
ordinary shares, of NIS 1.00 each
100
management shares, of NIS 1.00 each
6
management shares, of NIS 0.0001 each, of which shares amounting to NIS
367.9606 were issued.
SHAREHOLDERS
Subject
is fully owned by Elisha Kalai.
DIRECTORS
1. Elisha Kalai –
President,
2. Haim
Kalai.
GENERAL
MANAGER
Yaron Shapira
BUSINESS
Recyclers of organic materials, manufacturers,
exporters and marketers of pellets for fertilizer (e.g. organic fertilizer in
pellet form, bio compost, animal feed).
20% of sales are for export.
Among
local clients: AMIR, HAGARIN, HAMASHBIR FOR AGRICULTURE, GIVAT BRENNER NURSERYS, etc.
Among suppliers: FERTILIZER S & CHEMICALS,
GENIGAR, HAMASHBIR FOR AGRICULTURE, etc.
Operating
from owned premises, offices, plant and warehouse, on an area of 12,000 sq.
meters in Givat Ada, a village within the Binyamina Local Council in the Sharon
Area.
Having
30 employees.
MEANS
Financial
data not forthcoming.
There
are 27 charges for unlimited amounts registered on the company’s assets, in
favor of The First International Bank of Israel Ltd. and local leasing
companies.
ANNUAL SALES
Sales
figures not forthcoming.
OTHER COMPANIES
Sister
companies also controlled by Elisha Kalai:
KFIR
MINERALS LTD., marketing special sand platforms for pets.
DEKEL
INFRASRUCTURES (2001) LTD., operating a quarry, marketing sand for the
construction field.
BANKERS
Bank
Hapoalim Ltd., Givat Ada Branch (No. 624), Givat Ada.
Bank
Leumi LeIsrael B.M., Hadera Business Branch (No. 639), Hadera.
CHARACTER AND REPUTATION
Nothing
unfavorable learned.
Subject's
officials refused to disclose any financial details.
Subject
is a very long established company. It is considered the largest plant in its
field in Israel.
According
to the Chairman of the Chemical, Pharmaceutical and Environment Union in the
Industrialists Association, sales of the branches in 2005 increased by 10% to
US$ 14.2 billion.
Exports
of the branch were US$ 7.6 billion (exports of the chemical industry alone
reached US$ 2.5 billion), an 18% increase from 2004, and sales to the local
market were US$ 6.6 billion, a 2% increase from 2004.
The
chemical industry comprises of 30% of Israel’s industrial exports. The industry
employs close to 26,000 employees.
SUMMARY
Notwithstanding the refusal to disclose financial
data, considered good for trade engagements.
Maximum unsecured credit recommended US$ 100,000.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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