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MIRA
INFORM REPORT
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Report Date : |
25.07.2007 |
IDENTIFICATION DETAILS
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Name : |
SUPERGUM (1983) MANUFACTURE OF RUBBER & PLASTIC PRODUCTS
LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
11.11.1959 |
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Legal Form : |
Private Limited |
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Line of Business : |
Traders, importers and marketers of rubber and plastic products for
the industrial field |
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$ 200,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Correct Name
SUPERGUM (1983) MANUFACTURE OF RUBBER & PLASTIC PRODUCTS LTD.
TEL AVIV – 67216
Telephone 972 3 562 23 45
Fax 972 3 562 23
33
HISTORY
Originally registered as a general partnership, being a merger of:
1. SUPERGUM RUBBER AND PLASTIC GOODS LTD., originally incorporated on
the 11.11.1959,
2. GUMAR RUBBER PROD
Converted into a private limited company and registered under the name
of SUPERGUMAR 1982 LTD. as per file No. 51-0917060-5 on the 1.3.1982.
Following reconstruction a new private limited company incorporated and
registered as per file No. 51-098693-8 on the 13.6.1983, where the former
company became inactive.
SHARE CAPITAL
Authorized share capital
100 management shares,
99,900 ordinary shares, all of
SHAREHOLDERS
1. Eilon Ronel, 50%,
2. Yehuda Gesheit, 50%.
DIRECTORS & JOINT
GENERAL MANAGERS
1. Eilon Ronel,
2. Shmuel Gesheit.
BUSINESS
Traders, importers and marketers of rubber and plastic products for the
industrial field.
Subject is part of the SUPERGUM Group, which specializes (among other
products) in rubber and plastic based products and NBC (nuclear, biological, chemical)
masks and protective clothing. Subject also marketing sister company SUPERGUM
INDUSTRIES products.
Amongst Group’s clients: EGGED ISRAEL TRANSPORT,
DEAD SEA WORKS, DEAD SEA BROMINE GROUP, ROTEM AMFERT NEGEV, Ministry of
Defense, etc.
30% of purchases are imports, the rest purchased
locally.
Amongst Group’s suppliers: SCHIFFER MAGAM,
HAOGENPLAST, EIN SHEMER RUBBER INDUSTRY, etc.
Operating from premises, owned by the shareholders, on an area of 350
sq. meters, in
The SUPERGUM Group also operates from 2 plants in the Barkan Industrial
Zone and in Maale Efrayim.
Having 40 employees and 100 employees serving in the SUPERGUM Group
(similar to 2006).
MEANS
Group’s consolidated stock was valued at US$ 4,000,000 (in 2002).
Later financial data not forthcoming.
There are 4 charges for unlimited amounts and 1 charge for a sum of
NIS 107,504.00 registered on the company's assets, in favor of Bank Leumi
LeIsrael Ltd. and Israel Discount Bank Ltd.
ANNUAL SALES
Group’s consolidated 2000 sales claimed to be
US$ 24,000,000, of which US$ 1,500,000 were exports.
Group’s consolidated 2001 sales claimed to be
US$ 20,000,000, of which US$ 1,500,000 were exports.
Later sales figures not forthcoming.
OTHER COMPANIES
Other companies controlled by subject’s owners:
SUPERGUM INDUSTRIES (1969) LTD., manufacturers, marketers
and exporters of plastic and rubber based products for military and civil
defense, automotive and industrial applicators. Plant in the Barkan Industrial
Zone.
SUPERWALD LTD.,
M. M. ISRAELI RUBBER ENTERPRISES LTD.,
IMPERTEC INDUSTRIES LTD., operates the Group’s plastic plant for the NBC
kits and products in Maale Efrayim.
BANKERS
Bank Leumi LeIsrael Ltd., Alonim Business
Branch, (No. 654) Tel Aviv, account No. 714300/66.
A check with the Central Banks' database did not
reveal anything detrimental on subject’s a/m account.
CHARACTER AND
REPUTATION
Nothing unfavorable learned.
Subject's officials refused to disclose financial details.
Subject is a very long established business.
Subject is ISO 9002 certified.
Several years ago we received couple of positive opinions from subject
suppliers regarding payments morality.
In 1997 sister company SUPERGUM INDUSTRIES received a recognition from
NAVISTAR of the
In October 2002, it was reported that SUPERGUM, following the possible
danger of a war in
According to data published summering
Reportedly, plastic manufacturers invested US$ 160 million in new
products.
According to the Industrialists Association economic review, import of plastics increased in 2005 by 4% comparing to the previous year, summing up to US$ 1.5 billion.
SUMMARY
Good for trade engagements.
Maximum unsecured credit recommended US$
200,000.
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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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%)