MIRA
INFORM REPORT
|
Report Date : |
18.07.2007 |
IDENTIFICATION DETAILS
|
Name : |
B.T.I. QUALITY METAL CENTER LTD. |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
10.1.1995 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importers and marketers of quality metals and alloys for the aviation and
printing industries. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Correct Name & address
B.T.I. QUALITY METAL CENTER LTD.
NORDIA 42954
Telephone 972 9 884 54 88
Fax 972 9 882 10 88
HISTORY
A private limited company, incorporated as per file No. 51-208636-4 on the
10.1.1995.
Originally registered under the name B. T. I. INDUSTRIES 3000 XL LTD.,
which changed to B. T. I. ELECTROMECHANICAL INDUSTRIES LTD. on the 27.4.1995,
which changed to the present name on the 21.1.1997.
SHARE CAPITAL
Authorized share capital
SHAREHOLDERS
1. Joseph
Gurewitz, practically holding 100% of subject,
2. Abraham Nachmias, holding the casting share.
On the 1.5.2002
Joseph Gurewitz acquired Boaz Leshem’s shares (50%) in subject and became the
sole owner.
SOLE DIRECTOR AND GENERAL MANAGER
Joseph Gurewitz, born in 1960, Mechanical Engineer.
BUSINESS
Importers and marketers of quality metals and alloys for the aviation and
printing industries.
Activities are combined with those of sister company, 2XL METAL PRODUCTS
LTD.
Amongst clients: ELBIT SYSTEMS, ISCAR, KODAK I.L., RAFAEL ARMAMENT
AUTHORITY, ISRAEL AEROSPACE INDUSTRIES, PHILIPS
50% of purchases are imports.
Amongst suppliers: S.H. L. ALUBIN, RONEN ITZHAKI, EXTAL, etc.
Sole local agents of (main
ones, among others):
CLAL-M.S.X., of
KAISER, TIMKEN STEEL, both of the
DELTA, of the
Operating from rented premises (offices and storage facilities), on an area
of 2,700 sq. meters in Moshav Nordia (a village in the country's north).
Having 35 employees serving subject and sister company (whereas all
employees belong to subject an provide services to 2XL).
MEANS
Current consolidated (subject and 2XL) stock is valued at
There are 13 charges for unlimited amounts registered on the company's
assets, in favor of Bank Hapoalim Ltd.
ANNUAL SALES
Subject's 2003 sales claimed to be
Subject's 2004 sales claimed to be
Consolidated sales (subject
and 2XL):
2005 sales claimed to be
2006 sales claimed to be
First half of 2007 sales claimed to be
OTHER COMPANIES
2XL METAL PRODUCTS LTD., agencies in the metals field, owned by Joseph
Gurewitz.
BANKERS
Bank Leumi LeIsrael Ltd., Hachashmonaim Business Branch (No. 817), Tel
Aviv, account No. 228800/47.
Bank Hapoalim Ltd., Kikar Itzhak Rabin Branch (No. 609), Tel Aviv, account
No. 68042.
A check with the Central Banks' database did not reveal anything
detrimental on subject’s a/m accounts.
CHARACTER AND REPUTATION
Nothing unfavorable learned.
Metal
prices in
Subject has been
enjoying the growth trend in the local market in recent years, especially in
the local industries (including aviation and print industries).
SUMMARY
Good for trade
engagements.
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 |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)