MIRA
INFORM REPORT
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Report Date : |
13.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
DEAL ENGINEERING LTD |
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Registered Office : |
P.O. Box 22117 (61220) 19 Ben-Shafrut Street |
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Country : |
Israel |
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Date of Incorporation : |
17.03.1970 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Agents, Importers and Marketers of Chemical Raw Materials |
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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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name and address of
the company
DEAL ENGINEERS
LTD.
P.O. Box 22117 (61220)
19
Ben-Shafrut Street
Telephone 972 3 609 17 56
Fax 972 3 609 17 60
TEL AVIV 62968 ISRAEL
HISTORY
A private limited
company, incorporated as per file No. 51-053666-7 on the 17.3.1970, by the Late
Josef Dvir (father of the present shareholder).
SHARE CAPITAL
Authorized share
capital NIS 2.00, divided into - 20,000
ordinary shares of NIS 0.0001 each, of which shares amounting to NIS 0.0022
were issued.
SHAREHOLDERS
Subject is fully
owned by Lior Dvir.
SOLE DIRECTOR AND
GENERAL MANAGER
Lior Dvir.
BUSINESS
Agents, importers
and marketers of chemical raw materials (including rare earth and precious
metals, metal powders, etc), for the pharmaceutical, chemical, agro-chemical, food
industries, etc.
Among clients:
TEVA PHARMACEUTICALS, TARO PHARMACEUTICALS, PERIGOISRAEL, ISRAEL MILITARY
INDUSTRIES, MAKHTESHIM CHEMICAL WORKS, CHEMADA FINE CHEMICALS, KOFFOLK, etc.
Sole agents of
(among others):
ZYDUS CADILA,
U.S.V, both of India.
MALLINCKRODT, of
U.S.A,
KRAEBER, of
Germany.
Operating from
rented premises (offices), on an area of 100 sq. meters, in 19 Ben-Shafrut
Street, Tel Aviv.
Having 7
employees.
MEANS
Holding no stocks.
Financial data not
forthcoming.
There are no charges
registered on the company's assets.
ANNUAL SALES
Sales are on
commission basis, average commission fee 5%.
2005 turnover
claimed to be US$ 28,000,000
2006 turnover
claimed to be US$ 30,000,000
2007 turnover
claimed to be US$ 35,000,000
BANKERS
Israel Discount
Bank Ltd., Ibn Gabirol Branch (No. 028), Tel Aviv.
Mizrahi Tefahot
Bank Ltd. Ibn Gabirol Branch (No. 405), Tel Aviv.
CHARACTER AND
REPUTATION
Nothing
unfavorable learned.
Subject has been enjoying the growth trend
in the local market in recent years, especially in the local industries
(notably pharmaceutical, chemical, agro-chemical, food industries industries).
According to the
Chairman of the Chemical, Pharmaceutical and Environment Division at the
Industrialists Association, total sales of the branches in 2006 witnessed a
remarkable 12.6% growth to US$ 17.4 billon, after in 2005 sales increased by
10% from 2004.
Purchasing abroad
amounted to US$ 1.5 billion in 2006.
The branch
projected sales in 2007 include a 15% rise in sales for export (to US$ 10
billion) and 12% rise in total sales (to US$ 19.5 billion).
SUMMARY
Good for trade
engagements.
As subject is a commission agent for the products sold, credit appears to
be irrelevant for subject (credit is given to the final customers, each on a
separate basis).
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. |
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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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%)