MIRA INFORM
REPORT
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Report Date : |
20.01.2011 |
IDENTIFICATION DETAILS
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Name : |
SKYLAND INTERNATIONAL LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
26.10.2005 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
International Traders, Importers, Marketers and Exporters
of raw material for the chemical industry. |
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 |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
SKYLAND INTERNATIONAL LTD.
Telephone 972
73 799 78 76
Fax 972
73 799 78 70
BNEI BRAK-51201-ISRAEL
HISTORY & LEGAL FORMATION
A private limited
company, incorporated as per file No. 51-374295-7 on the 26.10.2005.
SHARE CAPITAL
Authorized share
capital
100,000
ordinary shares of
of which 100
shares amounting to
SHAREHOLDERS
Subject is fully
owned by SKYLAND HOLDINGS LTD., fully owned by Shmuel Gommer.
SOLE DIRECTOR AND GENERAL MANAGER
Shmuel Gommer.
BUSINESS
International traders, importers, marketers and exporters of
raw material for the chemical industry.
Sales for export
are in relative small amounts.
Trade is mainly
with
Amongst clients:
TAMBOUR, HADERA PAPER, SOLEL BONEH, CHEMOCRETE, MAKHTESHIM AGAN INDUSTRIES, and
more.
All purchase is
from import.
Sole local
representative of (main ones):
VOLZHSKY,
SOLIKAMSKBUMTRON, POLYPLAST, all of
TEMBEC, of
Operating from
owned office premises, on an area of 250 sq. meters, in
Having 3 employees
in subject (had 2 employees in 2009) and 8 employees in Group (had 7 employees
in 2009).
MEANS
Work is according
to orders
Financial data not
forthcoming.
There are no
charges registered on the company's assets.
ANNUAL SALES
2007 sales claimed
to be
2008 sales claimed
to be
2009 sales claimed
to be US$ 6,500,000.
2010 sales claimed
to be US$ 8,000,000.
Subject's General Manager reported a very significant increase in sales in
2009-2010 (please note that recent figures are in US$, where US$ 1.00≈
OTHER
COMPANIES
SKYLAND HOLDING LTD., parent company.
SKYLAND LTD., sister company, established in 2000, international
forwarders, mainly from and to the former
BANKERS
Mizrahi Tefahot
Bank Ltd., Kikar Hamedina Branch (No. 410), Tel Aviv, account No. 274067.
A check with the Central Banks' database did not reveal any negative
information regarding subject's a/m account.
CHARACTER AND REPUTATION
Nothing
unfavorable learnt.
Importers of chemicals for the local
industry enjoyed the growth in the local related industries in the recent
years, mainly the plastic, pharmaceutical and chemical branches.
Growth trend
halted in
An improvement was marked in chemicals
import in the 1st half of 2010, as local and global economy have
been recovering from the crisis, with growth of 24.3% comparing to 2009 1st
half (value of imported chemical raw materials reached US$ 2,050.7 million).
The Chemicals
(incl. Pharmaceuticals) and Oil Refinery production in 2009 marked a 7%
decrease from 2008. Export of chemicals plunged by 23.5% in 2009 from 2008, and
totaled US$ 10.4 billion.
A recovery in
chemicals export has been notice during the first half of 2010 with rise of
over 44% from 2009 1st half, reflecting the recovery in global
markets.
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.45.38 |
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1 |
Rs.72.71 |
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Euro |
1 |
Rs.61.15 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.