MIRA INFORM REPORT
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Report Date : |
03.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
ARNOLD TRADING CO. LTD |
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Registered Office : |
P.O. Box 136, Azur (58009), 6 Hamachtesh Street, Industrial Zone, Holon
58810 |
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Country : |
Israel |
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Date of Incorporation : |
08.10.1963 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Agencies in fields of measuring equipment
and computerized testing, representing foreign manufacturers |
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 : |
No Complaints |
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Litigation : |
Clear |
NAME & address
ARNOLD TRADING CO. LTD.
Telephone 972 3 558 13 13
Fax 972 3 558 13 17
P.O. Box 136, Azur (58009)
6 Hamachtesh Street
Industrial Zone
HOLON 58810 ISRAEL
HISTORY & LEGAL FORMATION
A private limited company, incorporated as per file No. 51-041688-6 on
the 08.10.1963.
SHARE CAPITAL
Authorized share capital NIS 2.00, divided into -
4
management shares,
19,996
ordinary shares, all of NIS 0.0001 each,
of which shares amounting to NIS 0.1003 were issued.
SHAREHOLDERS
1.
Arnon (Arnold) Levy,
2.
Mrs. Sara Levy, wife of Arnon, holding 1
single share.
DIRECTORS
1.
Arnon (Arnold) Levy, General Manager, born
1939,
2.
Mrs. Sara Levy.
BUSINESS
Agencies in fields of measuring equipment and computerized testing,
representing foreign manufacturers.
Also importers and marketers of machinery and equipment for the
electronic industry and chip processors (CNC) equipment.
All sales are to the local market.
Among clientele: ISRAEL AEROPSPACE INDUSTRIES, Israeli Air Force, Ministry of Defense, ISRAEL MILITARY
INDUSTRIES, RAFAEL ARMAMENT DEVELOPMENT AUTHORITY, Kibbutzim plants, CARMEL
FORGES, ASHOT ASHKELON, BEIT SHEMESH ENGINES, HAM-LET, MOTOROLA ISRAEL, ELBIT
SYSTEMS, etc.
All of purchases are imports.
Main exclusive local representation: KENNAMETAL of the USA.
Also sole local agents of (among others):
KOMET, WAGNER, A.C.I., all of Germany,
DIT-MCO, DE-ST CO., BELCAR, ELDORADO, SCHMIDT, CHALLENGE, OLIVER, CAMI
RESEARCH, ROYAL, all of the U.S.A.,
BLOVAC, of Australia,
PERMANETCH, FILTER MIST, SPECTROM, all of UK,
Y.G.1 TOOL CO., of Korea,
KITAGAWA, of Japan,
AUTOMATOR, of Italy.
Operating from rented premises, on an area of 350 sq. meters, in 6
Hamachtesh Street, Industrial Zone, Holon.
Having 14 employees (had 13 in 2006).
MEANS
Current stock is valued at US$ 1,300,000.
There are 7 charges for unlimited amounts registered on the company's
assets, in favor of Bank Leumi Le’Israel Ltd. and local companies.
ANNUAL SALES
2004 revenues claimed to be US$ 3,700,000 of sales from stock and a
further US$ 400,000 from sales on a commission basis.
2005 revenues claimed to be US$ 4,200,000 of sales from stock and a
further US$ 400,000 from sales on a commission basis.
2006 revenues claimed to be NIS 20,000,000 of sales from stock and a
further US$ 500,000 from sales on a commission basis.
2007 revenues claimed to be NIS 22,000,000 of sales from stock and a
further US$ 500,000 from sales on a commission basis.
Projected 2008 revenues are NIS 22,000,000 of sales from stock and a
further US$ 500,000 from sales on a commission basis.
BANKERS
Bank Leumi Le’Israel Ltd., Heichal Hatarbut Branch (No. 809), Tel Aviv,
account No. 117900/54.
A check with the Central Banks’ database did not reveal any negative
information on subject’s a/m bank account.
CHARACTER AND REPUTATION
Nothing unfavorable learned.
Subject is a long established company.
SUMMARY
Good for trade engagements.
Maximum unsecured credit recommended US$ 100,000.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.90 |
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UK Pound |
1 |
Rs.74.30 |
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Euro |
1 |
Rs.63.42 |
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%)