MIRA
INFORM REPORT
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Report Date : |
11.10.2007 |
IDENTIFICATION DETAILS
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Name : |
ELCON - MAMAB CONTROL INSTRUMENTS LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
1960 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturers, importers and marketers of control and measurement instruments
and accessories, sensors (temperature, pressure, humidity) and valves, for
the industry and research laboratories. |
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$ 50,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
ELCON - MAMAB CONTROL INSTRUMENTS LTD.
8 Nahal Snir Street
Northern Industrial Zone
YAVNE 81224
Telephone 972 8 943 36 31
Fax 972 8 943 36
33
HISTORY
Originally established as a non-registered business under the name TERMO-HOM
in 1960, by the Late Moshe Brandwin.
Converted into a private limited company and registered as such as per
file No. 51-101995-2 on the 26.3.1984.
Originally established under the name of M.M.B. MEASURING INSTRUMENTS
(NESS ZIONA) LTD., which changed to M.M.B. CONTROL & MEASURING INSTRUMENTS
LTD. on the 4.1.1996, which changed to the present name on the 31.10.2000.
SHARE CAPITAL
Authorized share capital
SHAREHOLDERS
Subject is fully owned by Ms. Bilha Brandwin (widdow of the late Moshe
Brandwin).
SOLE DIRECTOR
Ms. Bilha Brandwin
GENERAL MANAGER
Gideon Brandwin
BUSINESS
Manufacturers, importers and marketers of control and measurement
instruments and accessories, sensors (temperature, pressure, humidity) and
valves, for the industry and research laboratories.
60% of activity is from manufacturing and 40% from import.
Amongst subject’s clients: DEAD SEA WORKS, TARA DAIRIES, TNUVA, OIL
REFINERIES, CARMEL OLEFINS, ORMAT INDUSTRIES, TEVA PHARMACEUTICALS, THE ISRAEL
ELECTRIC CO., WEIZMANN INSTITUTE, THE BIOLOGIC RESEARCH INSTITUTE, etc.
Amongst subject’s local suppliers: I.B.T., TECHNO-BAR, SCOPE METAL
TRADING.
Sole local representative of:
DISIBEINT, DESIN, FILSA, all of
P.I.C., of
CAB, of
LAB FACILITY, HYCONTROL, both of the
PIXSYS, SCANDURA, both of
KIMO, of
NEW-FLOW, of
RIXEN, of
BADOTHERM, of
BOURDON-HAENNI – BAUMER PROCESS, of
REOTEMP, CALEX, TEWIRE, all of the
Operating from rented premises (offices and warehouse), on an area of
700 sq. meters in
Having 20 employees.
MEANS
Current stock is valued at
Other financial data not forthcoming.
There are no charges registered on the company’s assets.
ANNUAL SALES
2005 sales claim to be
2006 sales claim to be
First 9 months of 2007 sales claim to be
BANKERS
Bank Leumi LeIsrael Ltd., Ness Ziona Branch (No. 933), Ness Ziona,
account No. 058500/59.
Bank Hapoalim Ltd., Ness Ziona Branch (No. 636), Ness Ziona, account No.
655075.
A check with the Central Banks' database did not
reveal any negative information regarding subject's a/m accounts.
CHARACTER AND
REPUTATION
Nothing unfavorable learned.
Subject is long established.
Subject is ISO 9001:2000 certified.
SUMMARY
Good for trade engagements.
Maximum unsecured
credit recommended US$ 50,000.
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. |
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%)