MIRA
INFORM REPORT
|
Report Date : |
25.08.2012 |
IDENTIFICATION DETAILS
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Name : |
WARDINON TEXTILE LTD. |
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Registered Office : |
Shabazi 26, Rosh Ha'ayin, 48021 |
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Country : |
Israel |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
14.09.2000 |
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Legal Form : |
Public Subsidiary Company |
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Line of Business : |
Subject is engaged in the design, sale and distribution of home
textile products |
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No. of Employees : |
210 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Israel |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
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
Wardinon Textile Ltd.
SHABAZI 26
Rosh Ha'ayin, 48021
Israel
Tel: 972-3-9232778
Fax: 972-3-9225030
Web: www.vardinon.co.il
synthesis
Employees: 210
Company Type: Public Subsidiary
Corporate Family: 161
Companies
Ultimate Parent: Alon
Israel Oil Company Ltd
Traded: Tel
Aviv Stock Exchange: WRDT
Incorporation Date:
14-Sep-2000
Auditor: PricewaterhouseCoopers LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Israeli
Shekel
Annual Sales: 24.6
1
Net Income: 0.4
Total Assets:
14.4 2
Market Value: 19.5
(16-Mar-2011)
Business Description
Wardinon Textile Ltd. is an Israel-based company engaged in the design, sale and distribution of home textile products. The Company’s products include bedding, towels, curtains and cushions. Wardinon Textile Ltd. purchases materials and designs the products in-house, as well as purchases finished goods in Chain, Turkey and India. The Company has two distribution channels: retail, including 37 stores throughout Israel, and wholesale, including direct sales to other chain stores, supermarkets, catalogs and unions. In addition, the Company sells candles and bathroom products. For the fiscal year ended 31 December 2010, Wardinon Textile Ltd.'s revenue decreased 15% to NIS92M. Net income decreased 82% to NIS1.4M. Revenue reflects a decrease in income from both Retail and Wholesale business segments. Lower net income reflects a decrease in financing income as well as an increase in miscellaneous expenses. Wardinon Textile Ltd. is an Israel-based company engaged in the design, sale and distribution of home textile products.
Industry
Industry Personal and Household Products
ANZSIC 2006: 1333 - Cut and
Sewn Textile Product Manufacturing
NACE 2002: 1740 - Manufacture
of made-up textile articles, except apparel
NAICS 2002: 314129 - Other
Household Textile Product Mills
UK SIC 2003: 17403 -
Manufacture of household textiles
US SIC 1987: 2392 - House
furnishing, Except Curtains and Draperies
Key Executives
|
Name |
Title |
|
Shmuel Antzel |
Deputy-Chief Executive Officer |
|
Raz Schwartz |
Chief Financial Officer |
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Moshe Dagan |
Chief Operating Officer |
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Akiva Tishler |
Chain Stores Manager |
|
Uri Wardinon |
Chairman |
Financial Summary
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Stock Snapshot
|
1 - Profit & Loss Item Exchange Rate: USD 1 = ILS 3.733367
2 - Balance Sheet Item Exchange Rate: USD 1 = ILS 3.5415
Corporate Overview
Location
SHABAZI 26
Rosh Ha'ayin, 48021
Israel
Tel: 972-3-9232778
Fax: 972-3-9225030
Web: www.vardinon.co.il
Quote Symbol - Exchange
WRDT - Tel Aviv
Stock Exchange
Sales ILS(mil): 92.0
Assets ILS(mil): 50.9
Employees: 210
Fiscal Year End: 31-Dec-2010
Industry: Personal
and Household Products
Incorporation Date: 14-Sep-2000
Company Type: Public
Subsidiary
Quoted Status: Quoted
Deputy-
Chief Executive Officer: Shmuel
Antzel
Company Web Links
Company Contact/E-mail
Home Page
Contents
Industry Codes
Business Description
Financial Data
Market Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1333 - Cut and Sewn Textile Product Manufacturing
NACE 2002 Codes:
1740 - Manufacture of made-up textile articles, except apparel
NAICS 2002 Codes:
314129 - Other Household Textile Product Mills
US SIC 1987:
2392 - House furnishing, Except Curtains and Draperies
UK SIC 2003:
17403 - Manufacture of household textiles
Business
Description
Wardinon Textile Ltd. is an Israel-based company engaged in the design, sale and distribution of home textile products. The Company’s products include bedding, towels, curtains and cushions. Wardinon Textile Ltd. purchases materials and designs the products in-house, as well as purchases finished goods in Chain, Turkey and India. The Company has two distribution channels: retail, including 37 stores throughout Israel, and wholesale, including direct sales to other chain stores, supermarkets, catalogs and unions. In addition, the Company sells candles and bathroom products. For the fiscal year ended 31 December 2010, Wardinon Textile Ltd.'s revenue decreased 15% to NIS92M. Net income decreased 82% to NIS1.4M. Revenue reflects a decrease in income from both Retail and Wholesale business segments. Lower net income reflects a decrease in financing income as well as an increase in miscellaneous expenses. Wardinon Textile Ltd. is an Israel-based company engaged in the design, sale and distribution of home textile products.
More Business
Descriptions
All Other Textile Product Mills
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Corporate
Family |
Corporate
Structure News: |
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Wardinon Textile Ltd. |
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Company
Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Alon Israel Oil Company Ltd |
Parent |
Yakum |
Israel |
Miscellaneous Financial Services |
7,152.9 |
12,000 |
|
Alon Holdings Blue Square Israel Ltd |
Subsidiary |
Rosh Ha'ayin |
Israel |
Retail (Department and Discount) |
3,488.6 |
4,240 |
|
Dor Alon Energy In Israel 1988 Ltd |
Subsidiary |
Yakum |
Israel |
Oil and Gas Operations |
1,491.8 |
2,418 |
|
Subsidiary |
Yakum |
Israel |
Natural Gas Utilities |
131.9 |
|
|
|
The New Dor Gaz Ltd. |
Subsidiary |
Yakum |
Israel |
Natural Gas Utilities |
3.7 |
|
|
Dor-Alon Fuel Stations Operation Ltd. |
Subsidiary |
Yakum |
Israel |
Retail (Specialty) |
61.5 |
|
|
A.M.P.M. Ltd. |
Subsidiary |
Tel Aviv-Jaffa |
Israel |
Retail (Grocery) |
61.1 |
380 |
|
Subsidiary |
Rosh Haayin |
Israel |
Retail (Grocery) |
1,404.2 |
|
|
|
Subsidiary |
Rosh Haayin |
Israel |
Miscellaneous Financial Services |
|
400 |
|
|
Subsidiary |
Netanya |
Israel |
Retail (Grocery) |
14.0 |
|
|
|
Subsidiary |
Netanya |
Israel |
Food Processing |
|
120 |
|
|
Subsidiary |
Rosh Ha'ayin |
Israel |
Real Estate Operations |
85.6 |
|
|
|
Bee Group Retail Ltd. |
Subsidiary |
|
|
|
|
|
|
Subsidiary |
Rosh Ha'ayin |
Israel |
Retail (Specialty) |
74.5 |
26 |
|
|
Subsidiary |
Rosh Ha'ayin |
Israel |
Personal and Household Products |
24.6 |
210 |
|
|
Subsidiary |
Nir Eliyahu |
Israel |
Retail (Specialty) |
9.7 |
20 |
|
|
Subsidiary |
Dallas, TX |
United States |
Oil and Gas Operations |
7,186.3 |
2,824 |
|
|
Subsidiary |
Paramount, CA |
United States |
Oil and Gas Operations |
450.0 |
5,000 |
|
|
Subsidiary |
Bakersfield, CA |
United States |
Oil and Gas Operations |
831.3 |
265 |
|
|
Branch |
Portland, OR |
United States |
Construction - Supplies and Fixtures |
36.7 |
50 |
|
|
Branch |
Wilmington, CA |
United States |
Construction - Supplies and Fixtures |
18.4 |
25 |
|
|
Branch |
Long Beach, CA |
United States |
Construction - Supplies and Fixtures |
18.4 |
25 |
|
|
Branch |
Wilmington, CA |
United States |
Construction - Supplies and Fixtures |
18.4 |
25 |
|
|
Subsidiary |
Phoenix, AZ |
United States |
Construction - Supplies and Fixtures |
16.9 |
23 |
|
|
Branch |
Elk Grove, CA |
United States |
Construction - Supplies and Fixtures |
10.3 |
14 |
|
|
Branch |
Seattle, WA |
United States |
Construction Services |
3.6 |
12 |
|
|
Branch |
Ridgeland, MS |
United States |
Construction - Supplies and Fixtures |
5.9 |
8 |
|
|
Branch |
Flagstaff, AZ |
United States |
Construction - Supplies and Fixtures |
2.2 |
3 |
|
|
Branch |
Fredonia, AZ |
United States |
Construction - Supplies and Fixtures |
1.5 |
2 |
|
|
Subsidiary |
Dallas, TX |
United States |
Retail (Grocery) |
1,051.2 |
2,011 |
|
|
Subsidiary |
Big Spring, TX |
United States |
Oil and Gas Operations |
897.2 |
300 |
|
|
Branch |
Krotz Springs, LA |
United States |
Oil and Gas Operations |
806.2 |
257 |
|
|
Subsidiary |
Dallas, TX |
United States |
Oil and Gas Operations |
2,533.1 |
190 |
|
|
Branch |
Llano, TX |
United States |
Retail (Grocery) |
21.7 |
88 |
|
|
Subsidiary |
Dallas, TX |
United States |
Miscellaneous Financial Services |
|
85 |
|
|
Branch |
Grapevine, TX |
United States |
Oil and Gas Operations |
6.3 |
2 |
|
|
Subsidiary |
Odessa, TX |
United States |
Retail (Grocery) |
|
50 |
|
|
Branch |
Albuquerque, NM |
United States |
Retail (Specialty) |
4.6 |
10 |
|
|
Branch |
Harrold, TX |
United States |
Retail (Grocery) |
1.8 |
8 |
|
|
Subsidiary |
Hope, AR |
United States |
Retail (Specialty) |
2.8 |
6 |
|
|
Subsidiary |
Nashville, AR |
United States |
Retail (Specialty) |
2.8 |
6 |
|
|
Branch |
Macon, GA |
United States |
Retail (Specialty) |
2.8 |
6 |
|
|
Branch |
Burkburnett, TX |
United States |
Retail (Grocery) |
1.3 |
6 |
|
|
Branch |
Andrews, TX |
United States |
Retail (Grocery) |
1.3 |
6 |
|
|
Branch |
Wichita Falls, TX |
United States |
Retail (Grocery) |
1.3 |
6 |
|
|
Subsidiary |
Balmorhea, TX |
United States |
Recreational Activities |
0.9 |
6 |
|
|
Branch |
Houlton, WI |
United States |
Retail (Specialty) |
2.3 |
5 |
|
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Branch |
Leesville, LA |
United States |
Retail (Grocery) |
2.3 |
5 |
|
|
Subsidiary |
Bowie, TX |
United States |
Retail (Specialty) |
2.3 |
5 |
|
|
Branch |
Arlington, TX |
United States |
Retail (Specialty) |
1.9 |
4 |
|
|
Subsidiary |
Irving, TX |
United States |
Retail (Specialty) |
1.9 |
4 |
|
|
Branch |
Garland, TX |
United States |
Retail (Specialty) |
1.4 |
3 |
|
|
Branch |
Macon, GA |
United States |
Retail (Specialty) |
1.4 |
3 |
|
|
Subsidiary |
Grand Prairie, TX |
United States |
Retail (Specialty) |
1.4 |
3 |
|
|
Branch |
Wichita Falls, TX |
United States |
Retail (Specialty) |
1.4 |
3 |
|
|
Subsidiary |
Haltom City, TX |
United States |
Retail (Specialty) |
1.4 |
3 |
|
|
Subsidiary |
Opa Locka, FL |
United States |
Retail (Specialty) |
1.4 |
3 |
|
|
Branch |
Atlanta, GA |
United States |
Retail (Specialty) |
1.4 |
3 |
|
|
Branch |
Midland, TX |
United States |
Retail (Grocery) |
0.7 |
3 |
|
|
Branch |
Irving, TX |
United States |
Retail (Specialty) |
0.9 |
2 |
|
|
Branch |
Richardson, TX |
United States |
Retail (Specialty) |
0.9 |
2 |
|
|
Branch |
Waxahachie, TX |
United States |
Retail (Specialty) |
0.9 |
2 |
|
|
Subsidiary |
Moore, OK |
United States |
Retail (Specialty) |
0.9 |
2 |
|
|
Branch |
Green Cove Spgs, FL |
United States |
Retail (Specialty) |
0.9 |
2 |
|
|
Subsidiary |
Vicksburg, MS |
United States |
Retail (Grocery) |
0.4 |
2 |
|
|
Branch |
Wichita Falls, TX |
United States |
Retail (Grocery) |
22.0 |
1 |
|
|
Branch |
Lewisville, TX |
United States |
Retail (Specialty) |
0.5 |
1 |
|
|
Branch |
Midwest City, OK |
United States |
Retail (Specialty) |
0.5 |
1 |
|
|
Subsidiary |
Abilene, TX |
United States |
Retail (Grocery) |
24.7 |
12 |
|
|
Branch |
Waco, TX |
United States |
Retail (Specialty) |
3.7 |
8 |
|
|
Branch |
Waco, TX |
United States |
Retail (Grocery) |
1.8 |
8 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Specialty) |
3.2 |
7 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Specialty) |
3.2 |
7 |
|
|
Branch |
Hawley, TX |
United States |
Retail (Grocery) |
1.6 |
7 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Grocery) |
1.6 |
7 |
|
|
Branch |
San Angelo, TX |
United States |
Retail (Grocery) |
1.6 |
7 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Grocery) |
1.6 |
7 |
|
|
Branch |
Merkel, TX |
United States |
Retail (Grocery) |
1.6 |
7 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Grocery) |
1.6 |
7 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Specialty) |
2.8 |
6 |
|
|
Branch |
Winters, TX |
United States |
Retail (Specialty) |
2.8 |
6 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Grocery) |
1.5 |
6 |
|
|
Branch |
Lampasas, TX |
United States |
Retail (Grocery) |
1.5 |
6 |
|
|
Branch |
Corsicana, TX |
United States |
Retail (Grocery) |
1.3 |
6 |
|
|
Branch |
Brady, TX |
United States |
Retail (Grocery) |
1.3 |
6 |
|
|
Branch |
Breckenridge, TX |
United States |
Retail (Grocery) |
1.3 |
6 |
|
|
Branch |
Lampasas, TX |
United States |
Retail (Grocery) |
1.3 |
6 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Specialty) |
2.3 |
5 |
|
|
Branch |
Waco, TX |
United States |
Retail (Specialty) |
2.3 |
5 |
|
|
Branch |
Waco, TX |
United States |
Retail (Specialty) |
2.3 |
5 |
|
|
Branch |
Waco, TX |
United States |
Retail (Specialty) |
2.3 |
5 |
|
|
Branch |
Sweetwater, TX |
United States |
Retail (Grocery) |
1.2 |
5 |
|
|
Branch |
Copperas Cove, TX |
United States |
Retail (Grocery) |
1.1 |
5 |
|
|
Branch |
Waco, TX |
United States |
Retail (Grocery) |
1.1 |
5 |
|
|
Branch |
Brownwood, TX |
United States |
Retail (Grocery) |
1.1 |
5 |
|
|
Branch |
West, TX |
United States |
Retail (Grocery) |
1.1 |
5 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Grocery) |
1.1 |
5 |
|
|
Branch |
Waco, TX |
United States |
Retail (Grocery) |
1.1 |
5 |
|
|
Branch |
Gatesville, TX |
United States |
Retail (Grocery) |
1.1 |
5 |
|
|
Branch |
Brady, TX |
United States |
Retail (Specialty) |
1.9 |
4 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Grocery) |
1.9 |
4 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Specialty) |
1.9 |
4 |
|
|
Branch |
Waco, TX |
United States |
Retail (Specialty) |
1.9 |
4 |
|
|
Branch |
Corsicana, TX |
United States |
Retail (Specialty) |
1.9 |
4 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Specialty) |
1.9 |
4 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Specialty) |
1.9 |
4 |
|
|
Branch |
Waco, TX |
United States |
Retail (Grocery) |
1.0 |
4 |
|
|
Branch |
Anson, TX |
United States |
Retail (Grocery) |
0.9 |
4 |
|
|
Branch |
Snyder, TX |
United States |
Retail (Grocery) |
0.9 |
4 |
|
|
Branch |
San Angelo, TX |
United States |
Retail (Grocery) |
0.9 |
4 |
|
|
Branch |
Hillsboro, TX |
United States |
Retail (Grocery) |
0.9 |
4 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Grocery) |
0.9 |
4 |
|
|
Branch |
Sonora, TX |
United States |
Retail (Grocery) |
0.9 |
4 |
|
|
Branch |
Coleman, TX |
United States |
Retail (Grocery) |
0.9 |
4 |
|
|
Branch |
Waco, TX |
United States |
Retail (Grocery) |
0.9 |
4 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Grocery) |
0.9 |
4 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Grocery) |
0.9 |
4 |
|
|
Branch |
Brownwood, TX |
United States |
Retail (Grocery) |
0.9 |
4 |
|
|
Branch |
Winters, TX |
United States |
Retail (Grocery) |
0.9 |
4 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Specialty) |
1.4 |
3 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Specialty) |
1.4 |
3 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Specialty) |
1.4 |
3 |
|
|
Branch |
Clyde, TX |
United States |
Retail (Specialty) |
1.4 |
3 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Specialty) |
1.4 |
3 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Specialty) |
1.4 |
3 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Specialty) |
1.4 |
3 |
|
|
Branch |
Breckenridge, TX |
United States |
Retail (Specialty) |
1.4 |
3 |
|
|
Branch |
Trent, TX |
United States |
Retail (Grocery) |
1.4 |
3 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Specialty) |
1.4 |
3 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Specialty) |
1.4 |
3 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Specialty) |
1.4 |
3 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Specialty) |
1.4 |
3 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Specialty) |
1.4 |
3 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Specialty) |
1.4 |
3 |
|
|
Branch |
Sweetwater, TX |
United States |
Retail (Grocery) |
0.7 |
3 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Grocery) |
0.7 |
3 |
|
|
Branch |
Colorado City, TX |
United States |
Retail (Grocery) |
0.7 |
3 |
|
|
Branch |
Waco, TX |
United States |
Retail (Grocery) |
0.7 |
3 |
|
|
Branch |
Colorado City, TX |
United States |
Retail (Grocery) |
0.7 |
3 |
|
|
Branch |
San Angelo, TX |
United States |
Retail (Grocery) |
0.7 |
3 |
|
|
Branch |
San Angelo, TX |
United States |
Retail (Grocery) |
0.7 |
3 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Grocery) |
0.7 |
3 |
|
|
Branch |
Sweetwater, TX |
United States |
Retail (Grocery) |
0.7 |
3 |
|
|
Branch |
Waco, TX |
United States |
Retail (Grocery) |
0.7 |
3 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Grocery) |
0.7 |
3 |
|
|
Branch |
Brownwood, TX |
United States |
Retail (Grocery) |
0.7 |
3 |
|
|
Branch |
San Angelo, TX |
United States |
Retail (Grocery) |
0.7 |
3 |
|
|
Branch |
Eastland, TX |
United States |
Retail (Grocery) |
0.7 |
3 |
|
|
Branch |
Mc Gregor, TX |
United States |
Retail (Grocery) |
0.7 |
3 |
|
|
Branch |
Tye, TX |
United States |
Retail (Grocery) |
0.7 |
3 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Grocery) |
0.7 |
3 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Specialty) |
0.9 |
2 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Specialty) |
0.9 |
2 |
|
|
Branch |
Brownwood, TX |
United States |
Retail (Grocery) |
0.4 |
2 |
|
|
Branch |
Snyder, TX |
United States |
Retail (Grocery) |
0.4 |
2 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Grocery) |
0.4 |
2 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Grocery) |
0.2 |
1 |
|
|
Branch |
Abilene, TX |
United States |
Retail (Grocery) |
0.2 |
1 |
|
|
Branch |
Sweetwater, TX |
United States |
Retail (Grocery) |
0.2 |
1 |
|
|
Branch |
Long Beach, CA |
United States |
Construction Services |
1.2 |
4 |
|
|
Subsidiary |
Yakum |
Israel |
Public Sector and Government |
0.0 |
|
Executive report
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Board of
Directors |
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Chairman of the Board |
Chairman |
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External Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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External Director |
Director/Board Member |
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Executives |
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Deputy-Chief Executive Officer |
Chief Executive Officer |
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Chairman |
Chief Executive Officer |
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Chief Operating Officer |
Operations Executive |
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Chief Financial Officer |
Finance Executive |
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Controller |
Controller |
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Chain Stores Manager |
Other |
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Significant Developments
There were no significant developments matching your query for KeyID
92509486
Annual
Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
|
Filed Currency |
ILS |
ILS |
ILS |
ILS |
ILS |
|
Exchange Rate
(Period Average) |
3.733367 |
3.924568 |
3.585392 |
4.108136 |
4.456116 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
Kesselman & Kesselman |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
24.6 |
27.5 |
24.7 |
19.4 |
17.2 |
|
Revenue |
24.6 |
27.5 |
24.7 |
19.4 |
17.2 |
|
Total Revenue |
24.6 |
27.5 |
24.7 |
19.4 |
17.2 |
|
|
|
|
|
|
|
|
Cost of Revenue |
10.3 |
11.7 |
10.2 |
8.7 |
7.5 |
|
Cost of Revenue, Total |
10.3 |
11.7 |
10.2 |
8.7 |
7.5 |
|
Gross Profit |
14.4 |
15.7 |
14.5 |
10.7 |
9.7 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
13.4 |
13.0 |
12.7 |
9.9 |
8.1 |
|
Total Selling/General/Administrative Expenses |
13.4 |
13.0 |
12.7 |
9.9 |
8.1 |
|
Total Operating Expense |
23.7 |
24.7 |
22.9 |
18.6 |
15.7 |
|
|
|
|
|
|
|
|
Operating Income |
1.0 |
2.8 |
1.8 |
0.8 |
1.6 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-0.1 |
-0.1 |
-0.2 |
-0.2 |
-0.2 |
|
Interest Expense, Net Non-Operating |
-0.1 |
-0.1 |
-0.2 |
-0.2 |
-0.2 |
|
Interest Income -
Non-Operating |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Investment Income -
Non-Operating |
0.0 |
0.0 |
-0.1 |
0.1 |
0.1 |
|
Interest/Investment Income - Non-Operating |
0.1 |
0.0 |
-0.1 |
0.1 |
0.1 |
|
Interest Income (Expense) - Net Non-Operating Total |
-0.1 |
-0.1 |
-0.2 |
-0.1 |
-0.1 |
|
Other Non-Operating Income (Expense) |
-0.3 |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Other, Net |
-0.3 |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Income Before Tax |
0.6 |
2.6 |
1.6 |
0.7 |
1.4 |
|
|
|
|
|
|
|
|
Total Income Tax |
0.3 |
0.7 |
0.4 |
0.2 |
0.4 |
|
Income After Tax |
0.4 |
1.9 |
1.2 |
0.6 |
1.0 |
|
|
|
|
|
|
|
|
Net Income Before Extraord Items |
0.4 |
1.9 |
1.2 |
0.6 |
1.0 |
|
Net Income |
0.4 |
1.9 |
1.2 |
0.6 |
1.0 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
0.4 |
1.9 |
1.2 |
0.6 |
1.0 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
0.4 |
1.9 |
1.2 |
0.6 |
1.0 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
22.6 |
22.6 |
23.3 |
22.9 |
22.9 |
|
Basic EPS Excl Extraord Items |
0.02 |
0.08 |
0.05 |
0.02 |
0.04 |
|
Basic/Primary EPS Incl Extraord Items |
0.02 |
0.08 |
0.05 |
0.02 |
0.04 |
|
Diluted Net Income |
0.4 |
1.9 |
1.2 |
0.6 |
1.0 |
|
Diluted Weighted Average Shares |
22.6 |
22.6 |
23.3 |
22.9 |
22.9 |
|
Diluted EPS Excl Extraord Items |
0.02 |
0.08 |
0.05 |
0.02 |
0.04 |
|
Diluted EPS Incl Extraord Items |
0.02 |
0.08 |
0.05 |
0.02 |
0.04 |
|
Dividends per Share - Common Stock Primary Issue |
- |
0.10 |
0.05 |
0.05 |
0.03 |
|
Gross Dividends - Common Stock |
- |
2.4 |
1.1 |
1.1 |
0.7 |
|
Interest Expense, Supplemental |
0.2 |
0.2 |
0.3 |
0.2 |
0.2 |
|
Depreciation, Supplemental |
0.7 |
0.6 |
0.6 |
0.4 |
0.3 |
|
Normalized Income Before Tax |
0.6 |
2.6 |
1.6 |
0.7 |
1.4 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
0.3 |
0.7 |
0.4 |
0.2 |
0.4 |
|
Normalized Income After Tax |
0.4 |
1.9 |
1.2 |
0.6 |
1.0 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
0.4 |
1.9 |
1.2 |
0.6 |
1.0 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.02 |
0.08 |
0.05 |
0.02 |
0.04 |
|
Diluted Normalized EPS |
0.02 |
0.08 |
0.05 |
0.02 |
0.04 |
|
Rental Expenses |
5.8 |
5.1 |
4.9 |
3.6 |
2.9 |
|
Advertising Expense, Supplemental |
0.5 |
0.8 |
0.8 |
0.8 |
0.6 |
|
Normalized EBIT |
1.0 |
2.8 |
1.8 |
0.8 |
1.6 |
|
Normalized EBITDA |
1.7 |
3.4 |
2.4 |
1.3 |
1.9 |
|
Current Tax - Total |
0.1 |
0.8 |
0.5 |
0.3 |
0.4 |
|
Current Tax - Total |
0.1 |
0.8 |
0.5 |
0.3 |
0.4 |
|
Deferred Tax - Domestic |
0.1 |
0.0 |
-0.1 |
-0.1 |
0.0 |
|
Deferred Tax - Other |
0.1 |
0.0 |
- |
- |
0.0 |
|
Deferred Tax - Total |
0.2 |
0.0 |
-0.1 |
-0.1 |
0.0 |
|
Domestic Tax - Other |
- |
- |
- |
- |
0.0 |
|
Income Tax - Total |
0.3 |
0.7 |
0.4 |
0.2 |
0.4 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Restated Normal |
Reclassified
Normal |
|
Filed Currency |
ILS |
ILS |
ILS |
ILS |
ILS |
|
Exchange Rate |
3.5415 |
3.788 |
3.777 |
3.849 |
4.216 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
Kesselman &
Kesselman |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
0.4 |
0.8 |
0.2 |
0.2 |
0.1 |
|
Cash and Short Term Investments |
0.4 |
0.8 |
0.2 |
0.2 |
0.1 |
|
Accounts Receivable -
Trade, Gross |
3.4 |
4.6 |
4.8 |
4.5 |
5.1 |
|
Provision for Doubtful
Accounts |
-0.1 |
-0.5 |
-0.4 |
-0.3 |
-0.1 |
|
Trade Accounts Receivable - Net |
3.4 |
4.1 |
4.4 |
4.2 |
5.0 |
|
Other Receivables |
0.3 |
0.3 |
0.2 |
0.1 |
0.4 |
|
Total Receivables, Net |
3.6 |
4.4 |
4.6 |
4.3 |
5.4 |
|
Inventories - Finished Goods |
6.1 |
5.1 |
4.3 |
4.6 |
4.1 |
|
Inventories - Work In Progress |
0.2 |
0.2 |
0.2 |
0.2 |
1.3 |
|
Inventories - Raw Materials |
1.4 |
0.6 |
1.3 |
0.8 |
0.0 |
|
Total Inventory |
7.7 |
5.8 |
5.8 |
5.6 |
5.5 |
|
Deferred Income Tax - Current Asset |
0.2 |
- |
- |
- |
- |
|
Other Current Assets |
- |
- |
- |
0.1 |
- |
|
Other Current Assets, Total |
0.2 |
- |
- |
0.1 |
- |
|
Total Current Assets |
11.9 |
11.0 |
10.6 |
10.2 |
11.0 |
|
|
|
|
|
|
|
|
Land/Improvements |
1.8 |
1.8 |
1.6 |
1.5 |
1.2 |
|
Machinery/Equipment |
2.7 |
3.4 |
3.2 |
3.1 |
2.5 |
|
Other
Property/Plant/Equipment |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Property/Plant/Equipment - Gross |
4.6 |
5.3 |
4.9 |
4.7 |
3.8 |
|
Accumulated Depreciation |
-2.6 |
-3.0 |
-2.7 |
-2.3 |
-1.9 |
|
Property/Plant/Equipment - Net |
1.9 |
2.3 |
2.2 |
2.4 |
1.9 |
|
Intangibles, Net |
0.2 |
0.3 |
0.3 |
0.2 |
- |
|
Pension Benefits - Overfunded |
- |
- |
- |
0.0 |
- |
|
Deferred Income Tax - Long Term Asset |
0.3 |
0.4 |
0.3 |
0.2 |
- |
|
Other Long Term Assets, Total |
0.3 |
0.4 |
0.3 |
0.2 |
- |
|
Total Assets |
14.4 |
14.0 |
13.4 |
12.9 |
12.9 |
|
|
|
|
|
|
|
|
Accounts Payable |
3.2 |
3.1 |
3.1 |
2.3 |
2.0 |
|
Notes Payable/Short Term Debt |
0.6 |
1.2 |
0.8 |
1.8 |
1.8 |
|
Income Taxes Payable |
- |
0.2 |
0.1 |
- |
- |
|
Other Payables |
1.1 |
1.0 |
0.6 |
0.5 |
0.6 |
|
Other Current Liabilities |
0.8 |
1.2 |
0.5 |
0.2 |
- |
|
Other Current liabilities, Total |
1.9 |
2.4 |
1.2 |
0.7 |
0.6 |
|
Total Current Liabilities |
5.8 |
6.6 |
5.0 |
4.8 |
4.4 |
|
|
|
|
|
|
|
|
Long Term Debt |
1.6 |
0.1 |
0.5 |
1.2 |
1.7 |
|
Total Long Term Debt |
1.6 |
0.1 |
0.5 |
1.2 |
1.7 |
|
Total Debt |
2.2 |
1.2 |
1.3 |
3.0 |
3.5 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
- |
- |
- |
- |
0.0 |
|
Deferred Income Tax |
- |
- |
- |
- |
0.0 |
|
Pension Benefits - Underfunded |
0.2 |
0.2 |
0.2 |
- |
0.0 |
|
Other Long Term Liabilities |
0.5 |
0.3 |
0.2 |
0.0 |
- |
|
Other Liabilities, Total |
0.7 |
0.5 |
0.3 |
0.0 |
0.0 |
|
Total Liabilities |
8.1 |
7.2 |
5.9 |
6.1 |
6.2 |
|
|
|
|
|
|
|
|
Common Stock |
8.2 |
7.6 |
7.7 |
7.5 |
6.9 |
|
Common Stock |
8.2 |
7.6 |
7.7 |
7.5 |
6.9 |
|
Additional Paid-In Capital |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings (Accumulated Deficit) |
-1.4 |
-0.4 |
0.2 |
-0.2 |
0.3 |
|
Treasury Stock - Common |
-0.5 |
-0.5 |
-0.5 |
-0.5 |
-0.4 |
|
Total Equity |
6.3 |
6.8 |
7.5 |
6.9 |
6.8 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
14.4 |
14.0 |
13.4 |
12.9 |
12.9 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
22.9 |
22.9 |
22.9 |
22.9 |
22.9 |
|
Total Common Shares Outstanding |
22.9 |
22.9 |
22.9 |
22.9 |
22.9 |
|
Treasury Shares - Common Stock Primary Issue |
5.7 |
5.7 |
5.7 |
5.7 |
5.7 |
|
Employees |
210 |
207 |
188 |
155 |
199 |
|
Total Long Term Debt, Supplemental |
1.6 |
0.1 |
1.8 |
3.1 |
2.3 |
|
Long Term Debt Maturing within 1 Year |
0.4 |
0.1 |
1.2 |
1.9 |
0.6 |
|
Long Term Debt Maturing in Year 2 |
0.4 |
- |
0.5 |
0.7 |
0.6 |
|
Long Term Debt Maturing in Year 3 |
0.4 |
- |
0.1 |
0.5 |
0.6 |
|
Long Term Debt Maturing in Year 4 |
0.4 |
- |
- |
0.1 |
0.4 |
|
Long Term Debt Maturing in Year 5 |
- |
- |
- |
- |
0.1 |
|
Long Term Debt Maturing in 2-3 Years |
0.8 |
- |
0.5 |
1.1 |
1.2 |
|
Long Term Debt Maturing in 4-5 Years |
0.4 |
- |
- |
0.1 |
0.5 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Operating Leases, Supplemental |
16.3 |
16.0 |
14.0 |
- |
- |
|
Operating Lease Payments Due in Year 1 |
2.5 |
3.0 |
2.1 |
- |
- |
|
Operating Lease Payments Due in Year 2 |
2.4 |
2.1 |
2.1 |
- |
- |
|
Operating Lease Payments Due in Year 3 |
2.3 |
2.1 |
1.9 |
- |
- |
|
Operating Lease Payments Due in Year 4 |
2.2 |
1.9 |
1.6 |
- |
- |
|
Operating Lease Payments Due in Year 5 |
7.0 |
7.0 |
6.3 |
- |
- |
|
Operating Lease Pymts. Due in 2-3 Years |
4.7 |
4.2 |
3.9 |
- |
- |
|
Operating Lease Pymts. Due in 4-5 Years |
9.2 |
8.8 |
8.0 |
- |
- |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
0.0 |
0.0 |
0.0 |
- |
- |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
ILS |
ILS |
ILS |
ILS |
ILS |
|
Exchange Rate
(Period Average) |
3.733367 |
3.924568 |
3.585392 |
4.108136 |
4.456116 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
Kesselman &
Kesselman |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
0.6 |
2.6 |
1.6 |
0.7 |
1.0 |
|
Depreciation |
0.7 |
0.6 |
0.6 |
0.4 |
0.3 |
|
Depreciation/Depletion |
0.7 |
0.6 |
0.6 |
0.4 |
0.3 |
|
Deferred Taxes |
- |
- |
- |
- |
0.0 |
|
Unusual Items |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Non-Cash Items |
0.1 |
0.1 |
0.1 |
0.2 |
- |
|
Non-Cash Items |
0.1 |
0.0 |
0.1 |
0.2 |
0.0 |
|
Accounts Receivable |
1.1 |
0.2 |
-0.3 |
1.2 |
-0.1 |
|
Inventories |
-1.4 |
-0.1 |
-0.1 |
0.3 |
-1.2 |
|
Accounts Payable |
-0.2 |
1.1 |
1.3 |
0.4 |
0.0 |
|
Other Liabilities |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Operating Cash Flow |
-0.5 |
-0.6 |
-0.3 |
-0.4 |
- |
|
Changes in Working Capital |
-1.2 |
0.6 |
0.7 |
1.6 |
-1.2 |
|
Cash from Operating Activities |
0.3 |
3.9 |
3.0 |
3.0 |
0.1 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-0.2 |
-0.6 |
-0.2 |
-0.9 |
-0.5 |
|
Purchase/Acquisition of Intangibles |
-0.1 |
-0.1 |
-0.2 |
-0.1 |
- |
|
Capital Expenditures |
-0.3 |
-0.8 |
-0.5 |
-1.0 |
-0.5 |
|
Sale of Fixed Assets |
0.1 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Other Investing Cash Flow |
0.0 |
0.0 |
- |
- |
- |
|
Other Investing Cash Flow Items, Total |
0.1 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Cash from Investing Activities |
-0.2 |
-0.6 |
-0.4 |
-0.9 |
-0.5 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.1 |
-0.1 |
-0.1 |
-0.2 |
- |
|
Financing Cash Flow Items |
-0.1 |
-0.1 |
-0.1 |
-0.2 |
- |
|
Cash Dividends Paid - Common |
-1.2 |
-2.5 |
-0.5 |
-1.1 |
-1.2 |
|
Total Cash Dividends Paid |
-1.2 |
-2.5 |
-0.5 |
-1.1 |
-1.2 |
|
Sale/Issuance of
Common |
- |
- |
- |
- |
0.0 |
|
Common Stock, Net |
- |
- |
- |
- |
0.0 |
|
Issuance (Retirement) of Stock, Net |
- |
- |
- |
- |
0.0 |
|
Short Term Debt, Net |
-0.6 |
0.6 |
-1.2 |
-0.1 |
0.7 |
|
Long Term Debt Issued |
1.9 |
- |
- |
- |
1.1 |
|
Long Term Debt
Reduction |
-0.5 |
-0.7 |
-0.7 |
-0.6 |
-0.5 |
|
Long Term Debt, Net |
1.4 |
-0.7 |
-0.7 |
-0.6 |
0.6 |
|
Issuance (Retirement) of Debt, Net |
0.8 |
-0.1 |
-1.9 |
-0.8 |
1.3 |
|
Cash from Financing Activities |
-0.5 |
-2.6 |
-2.5 |
-2.1 |
0.0 |
|
|
|
|
|
|
|
|
Net Change in Cash |
-0.4 |
0.6 |
0.0 |
0.0 |
-0.4 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
0.8 |
0.2 |
0.2 |
0.1 |
0.5 |
|
Net Cash - Ending Balance |
0.4 |
0.8 |
0.2 |
0.2 |
0.1 |
|
Cash Interest Paid |
0.1 |
0.1 |
0.1 |
0.2 |
- |
|
Cash Taxes Paid |
0.5 |
0.6 |
0.3 |
0.4 |
- |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
|
Filed Currency |
ILS |
ILS |
ILS |
ILS |
ILS |
|
Exchange Rate
(Period Average) |
3.733367 |
3.924568 |
3.585392 |
4.108136 |
4.456116 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
Kesselman &
Kesselman |
Kesselman &
Kesselman |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Sales |
24.6 |
27.5 |
24.7 |
19.4 |
17.2 |
|
Total Revenue |
24.6 |
27.5 |
24.7 |
19.4 |
17.2 |
|
|
|
|
|
|
|
|
Cost of Sales |
10.3 |
11.7 |
10.2 |
8.7 |
7.5 |
|
Selling & Marketing |
11.6 |
11.1 |
10.8 |
8.3 |
6.7 |
|
General & Administrative |
1.8 |
1.8 |
1.9 |
1.6 |
1.4 |
|
Total Operating Expense |
23.7 |
24.7 |
22.9 |
18.6 |
15.7 |
|
|
|
|
|
|
|
|
Other, Net |
-0.2 |
0.0 |
0.0 |
0.0 |
0.0 |
|
ST Loans |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
LT Loans |
0.0 |
0.0 |
-0.1 |
-0.1 |
-0.2 |
|
Commissions |
-0.1 |
-0.1 |
-0.1 |
0.0 |
0.0 |
|
Foreign Currency Expense |
0.0 |
0.0 |
-0.1 |
- |
- |
|
Other Financing Expense |
0.0 |
0.0 |
- |
- |
0.0 |
|
Interest Expense on Severance Fund |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Interest Income on ST Bank Deposits |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Severance Fund Assets |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Foreign Currency |
0.0 |
- |
0.0 |
0.1 |
0.1 |
|
Interest Income |
- |
- |
- |
- |
0.0 |
|
Net Income Before Taxes |
0.6 |
2.6 |
1.6 |
0.7 |
1.4 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
0.3 |
0.7 |
0.4 |
0.2 |
0.4 |
|
Net Income After Taxes |
0.4 |
1.9 |
1.2 |
0.6 |
1.0 |
|
|
|
|
|
|
|
|
Net Income Before Extra. Items |
0.4 |
1.9 |
1.2 |
0.6 |
1.0 |
|
Net Income |
0.4 |
1.9 |
1.2 |
0.6 |
1.0 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
0.4 |
1.9 |
1.2 |
0.6 |
1.0 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
0.4 |
1.9 |
1.2 |
0.6 |
1.0 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
22.6 |
22.6 |
23.3 |
22.9 |
22.9 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.02 |
0.08 |
0.05 |
0.02 |
0.04 |
|
Basic EPS Including ExtraOrdinary Items |
0.02 |
0.08 |
0.05 |
0.02 |
0.04 |
|
Diluted Net Income |
0.4 |
1.9 |
1.2 |
0.6 |
1.0 |
|
Diluted Weighted Average Shares |
22.6 |
22.6 |
23.3 |
22.9 |
22.9 |
|
Diluted EPS Excluding ExtraOrd Items |
0.02 |
0.08 |
0.05 |
0.02 |
0.04 |
|
Diluted EPS Including ExtraOrd Items |
0.02 |
0.08 |
0.05 |
0.02 |
0.04 |
|
DPS-Common Stock |
- |
0.10 |
0.05 |
0.05 |
0.03 |
|
Gross Dividends - Common Stock |
- |
2.4 |
1.1 |
1.1 |
0.7 |
|
Normalized Income Before Taxes |
0.6 |
2.6 |
1.6 |
0.7 |
1.4 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
0.3 |
0.7 |
0.4 |
0.2 |
0.4 |
|
Normalized Income After Taxes |
0.4 |
1.9 |
1.2 |
0.6 |
1.0 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
0.4 |
1.9 |
1.2 |
0.6 |
1.0 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.02 |
0.08 |
0.05 |
0.02 |
0.04 |
|
Diluted Normalized EPS |
0.02 |
0.08 |
0.05 |
0.02 |
0.04 |
|
Interest Expense |
0.2 |
0.2 |
0.3 |
0.2 |
0.2 |
|
Depreciation |
0.7 |
0.6 |
0.6 |
0.4 |
0.3 |
|
Rent |
5.8 |
5.1 |
4.9 |
3.6 |
2.9 |
|
Advertising |
0.5 |
0.8 |
0.8 |
0.8 |
0.6 |
|
Current Tax |
0.1 |
0.8 |
0.5 |
0.3 |
0.4 |
|
Current Tax - Total |
0.1 |
0.8 |
0.5 |
0.3 |
0.4 |
|
Deferred Tax |
0.1 |
0.0 |
-0.1 |
-0.1 |
0.0 |
|
Prior Years Tax |
0.1 |
0.0 |
- |
- |
0.0 |
|
Deferred Tax - Total |
0.2 |
0.0 |
-0.1 |
-0.1 |
0.0 |
|
Tax Rate Change |
- |
- |
- |
- |
0.0 |
|
Income Tax - Total |
0.3 |
0.7 |
0.4 |
0.2 |
0.4 |
|
|
|
|
|
Annual Balance Sheet |
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Restated Normal |
Reclassified
Normal |
|
Filed Currency |
ILS |
ILS |
ILS |
ILS |
ILS |
|
Exchange Rate |
3.5415 |
3.788 |
3.777 |
3.849 |
4.216 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
Kesselman & Kesselman |
Kesselman &
Kesselman |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
0.4 |
0.8 |
0.2 |
0.2 |
0.1 |
|
Customers |
3.4 |
4.6 |
4.8 |
4.5 |
5.1 |
|
Doubtful Debts |
-0.1 |
-0.5 |
-0.4 |
-0.3 |
-0.1 |
|
Other Receivables |
0.3 |
0.3 |
0.2 |
0.1 |
0.4 |
|
Income Tax Assets |
- |
- |
- |
0.1 |
- |
|
Raw Materials |
1.4 |
0.6 |
1.3 |
0.8 |
0.0 |
|
Work in Process |
0.2 |
0.2 |
0.2 |
0.2 |
1.3 |
|
Income Tax |
0.2 |
- |
- |
- |
- |
|
Finished Goods |
6.1 |
5.1 |
4.3 |
4.6 |
4.1 |
|
Total Current Assets |
11.9 |
11.0 |
10.6 |
10.2 |
11.0 |
|
|
|
|
|
|
|
|
Severance Fund |
- |
- |
- |
0.0 |
- |
|
Vehicles |
0.1 |
0.2 |
0.4 |
0.5 |
0.4 |
|
Office Fittings |
2.6 |
3.2 |
2.8 |
2.6 |
2.1 |
|
Weaving Models |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Leasehold Improvements |
1.8 |
1.8 |
1.6 |
1.5 |
1.2 |
|
Depreciation |
-2.6 |
-3.0 |
-2.7 |
-2.3 |
-1.9 |
|
Intangibles |
0.2 |
0.3 |
0.3 |
0.2 |
- |
|
Deferred Tax |
0.3 |
0.4 |
0.3 |
0.2 |
- |
|
Total Assets |
14.4 |
14.0 |
13.4 |
12.9 |
12.9 |
|
|
|
|
|
|
|
|
Bank Credit |
0.6 |
1.2 |
0.8 |
1.8 |
1.8 |
|
Suppliers |
3.2 |
3.1 |
3.1 |
2.3 |
2.0 |
|
Related Parties |
0.2 |
0.5 |
- |
- |
- |
|
Other Payables |
1.1 |
1.0 |
0.6 |
0.5 |
0.6 |
|
Taxes Payable |
- |
0.2 |
0.1 |
- |
- |
|
Allowance on Other Liabilities |
0.6 |
0.7 |
0.5 |
0.2 |
- |
|
Total Current Liabilities |
5.8 |
6.6 |
5.0 |
4.8 |
4.4 |
|
|
|
|
|
|
|
|
Bank Loan |
1.6 |
0.1 |
0.5 |
1.2 |
1.7 |
|
Total Long Term Debt |
1.6 |
0.1 |
0.5 |
1.2 |
1.7 |
|
|
|
|
|
|
|
|
Severance Fund |
0.2 |
0.2 |
0.2 |
- |
0.0 |
|
Other |
0.5 |
0.3 |
0.2 |
0.0 |
- |
|
Deferred Tax |
- |
- |
- |
- |
0.0 |
|
Total Liabilities |
8.1 |
7.2 |
5.9 |
6.1 |
6.2 |
|
|
|
|
|
|
|
|
Share Capital |
8.2 |
7.6 |
7.7 |
7.5 |
6.9 |
|
Share Premium |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
-1.4 |
-0.4 |
0.2 |
-0.2 |
0.3 |
|
Shares Held by Subsidiary |
-0.5 |
-0.5 |
-0.5 |
-0.5 |
-0.4 |
|
Dividend |
- |
- |
- |
- |
0.0 |
|
Total Equity |
6.3 |
6.8 |
7.5 |
6.9 |
6.8 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
14.4 |
14.0 |
13.4 |
12.9 |
12.9 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
22.9 |
22.9 |
22.9 |
22.9 |
22.9 |
|
Total Common Shares Outstanding |
22.9 |
22.9 |
22.9 |
22.9 |
22.9 |
|
T/S-Common Stock |
5.7 |
5.7 |
5.7 |
5.7 |
5.7 |
|
Full-Time Employees |
210 |
207 |
188 |
155 |
199 |
|
LT Debt Maturing Within 1 Year |
0.4 |
0.1 |
1.2 |
1.9 |
0.6 |
|
LT Debt Maturing Within 2 Year |
0.4 |
- |
0.5 |
0.7 |
0.6 |
|
LT Debt Maturing Within 3 Year |
0.4 |
- |
0.1 |
0.5 |
0.6 |
|
LT Debt Maturing Within 4 Year |
- |
- |
- |
0.1 |
0.4 |
|
LT Debt Maturing Within 5 Year |
- |
- |
- |
- |
0.1 |
|
LT Debt Maturing Within 4 Year |
0.4 |
- |
- |
- |
- |
|
Total Long Term Debt, Supplemental |
1.6 |
0.1 |
1.8 |
3.1 |
2.3 |
|
Op. Lease Payments Due in 1 Year |
2.5 |
3.0 |
2.1 |
- |
- |
|
Op. Lease Payments Due in 2 Years |
2.4 |
2.1 |
2.1 |
- |
- |
|
Op. Lease Payments Due in 3 Years |
2.3 |
2.1 |
1.9 |
- |
- |
|
Op. Lease Payments Due in 4 Years |
2.2 |
1.9 |
1.6 |
- |
- |
|
Op. Lease Payments Due in 5 Years |
7.0 |
7.0 |
6.3 |
- |
- |
|
Total Operating Leases |
16.3 |
16.0 |
14.0 |
- |
- |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified Normal |
Updated Normal |
|
Filed Currency |
ILS |
ILS |
ILS |
ILS |
ILS |
|
Exchange Rate
(Period Average) |
3.733367 |
3.924568 |
3.585392 |
4.108136 |
4.456116 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
Kesselman &
Kesselman |
Kesselman &
Kesselman |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
0.6 |
2.6 |
1.6 |
0.7 |
1.0 |
|
Depreciation |
0.7 |
0.6 |
0.6 |
0.4 |
0.3 |
|
Interest Paid |
0.1 |
0.1 |
0.1 |
0.2 |
- |
|
Finance Expenses, Net |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Severance Fund |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Capital Gain |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Deferred Tax |
- |
- |
- |
- |
0.0 |
|
Sale of Fixed Assets |
- |
- |
- |
- |
0.0 |
|
Customers |
1.3 |
0.0 |
-0.2 |
1.2 |
0.4 |
|
Related Parties |
-0.3 |
0.2 |
- |
- |
- |
|
Other Receivables |
0.1 |
-0.1 |
-0.1 |
0.0 |
-0.5 |
|
Suppliers |
0.0 |
0.1 |
0.8 |
0.3 |
0.2 |
|
Related Parties |
-0.3 |
0.5 |
- |
- |
- |
|
Other Payables |
0.2 |
0.6 |
0.5 |
0.1 |
-0.2 |
|
Inventory |
-1.4 |
-0.1 |
-0.1 |
0.3 |
-1.2 |
|
Income Tax |
-0.5 |
-0.6 |
-0.3 |
-0.4 |
- |
|
Cash from Operating Activities |
0.3 |
3.9 |
3.0 |
3.0 |
0.1 |
|
|
|
|
|
|
|
|
Capital Expenditures |
-0.2 |
-0.6 |
-0.2 |
-0.9 |
-0.5 |
|
Sale of Fixed Assets |
0.1 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Interest Received |
0.0 |
0.0 |
- |
- |
- |
|
Purchase of Intangibles |
-0.1 |
-0.1 |
-0.2 |
-0.1 |
- |
|
Cash from Investing Activities |
-0.2 |
-0.6 |
-0.4 |
-0.9 |
-0.5 |
|
|
|
|
|
|
|
|
ST Bank Credit, Net |
-0.6 |
0.6 |
-1.2 |
-0.1 |
0.7 |
|
LT Loan Repayment |
-0.5 |
-0.7 |
-0.7 |
-0.6 |
-0.5 |
|
LT Loan Received |
1.9 |
- |
- |
- |
- |
|
Dividend |
-1.2 |
-2.5 |
-0.5 |
-1.1 |
-1.2 |
|
Interest Paid |
-0.1 |
-0.1 |
-0.1 |
-0.2 |
- |
|
LT Loan Received |
- |
- |
- |
- |
1.1 |
|
Sale of Treasury Shares |
- |
- |
- |
- |
0.0 |
|
Cash from Financing Activities |
-0.5 |
-2.6 |
-2.5 |
-2.1 |
0.0 |
|
|
|
|
|
|
|
|
Net Change in Cash |
-0.4 |
0.6 |
0.0 |
0.0 |
-0.4 |
|
|
|
|
|
|
|
|
Beginning Balance |
0.8 |
0.2 |
0.2 |
0.1 |
0.5 |
|
End Balance |
0.4 |
0.8 |
0.2 |
0.2 |
0.1 |
|
Cash Interest Paid |
0.1 |
0.1 |
0.1 |
0.2 |
- |
|
Cash Taxes Paid |
0.5 |
0.6 |
0.3 |
0.4 |
- |
Financial
Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
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Annual Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.38 |
|
UK Pound |
1 |
Rs.87.80 |
|
Euro |
1 |
Rs.69.48 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
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 |
|
---- |
NB |
New Business |
---- |
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.