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Report Date : |
20.12.2012 |
IDENTIFICATION DETAILS
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Name : |
BERYL DAVIS (ISRAEL) LTD. |
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Registered Office : |
P.O. Box 8645, 2 Ashlagan Street, Industrial Zone, Kiryat Gat
8202189 |
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Country : |
Israel |
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Date of Incorporation : |
23.05.2001 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturers, exporters and marketers of glowing clothing and
uniforms with high visibility |
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No. of Employees : |
Having 40 employees (had 30 employees in the
beginning of 2009) |
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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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 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Israel |
A2 |
A2 |
|
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 |
israel - ECONOMIC OVERVIEW
Israel has a technologically advanced market economy. It depends on imports
of crude oil, grains, raw materials, and military equipment. Cut diamonds,
high-technology equipment, and agricultural products (fruits and vegetables)
are the leading exports. Israel usually posts sizable trade deficits, which are
covered by tourism and other service exports, as well as significant foreign
investment inflows. The global financial crisis of 2008-09 spurred a brief
recession in Israel, but the country entered the crisis with solid fundamentals
- following years of prudent fiscal policy and a resilient banking sector. The
economy has recovered better than most advanced, comparably sized economies. In
2010, Israel formally acceded to the OECD. Natural gasfields discovered off
Israel's coast during the past two years have brightened Israel's energy
security outlook. The Leviathan field was one of the world's largest offshore
natural gas finds this past decade. In mid-2011, public protests arose around
income inequality and rising housing and commodity prices. The government
formed committees to address some of the grievances but has maintained that it
will not engage in deficit spending to satisfy populist demands.
|
Source : CIA |
BERYL DAVIS (ISRAEL) LTD.
Telephone 972
8 688 24 03
Fax 972 8 688 24
23
P.O. Box 8645
2 Ashlagan Street
Industrial Zone
KIRYAT GAT 8202189 ISRAEL
A private limited company, incorporated as per file No. 51-311354-8 on
the 23.05.2001, continuing activities which began in 1981 by a UK company
DAVIS-SOLOMONS.
Authorized share
capital NIS 50,000.00, divided into -
50,000
ordinary shares of NIS 1.00 each,
of which 500
shares amounting to NIS 500.00 were issued.
1.
Ralph Glin, 30%,
2.
Shlomo Uman, 30%,
3.
ACESTAR ENTERPRISES LTD., 30%, a Japanese company,
4.
Heirs of the Late Beryl Solomons, 10%.
1. Shlomo Uman, General Manager,
2. Ralph Glin,
3. Moshe Robinson.
Manufacturers, exporters
and marketers of glowing clothing and uniforms with high visibility
(specializing in industrial protective clothing, identification uniforms,
including illuminating safety vests).
Main products are:
shirts, coats, storm uniforms and hats made of yellow and orange material.
Most of subject's
sales are to export (mainly to the U.S.A. and the Europe).
Among foreign
clientele: ROYAL MAIL.
Amongst local
clientele: Israeli Police Force, Israel Prison Authority, Ministry of Defense,
EL AL, HAIFA PORT, and more.
Most of subject's
suppliers are of China and the U.S.A.
Operating from rented premises, on an area of 600
sq. meters, in 2 Ashlagan Street, Industrial Zone, Kiryat Gat.
Having 40
employees (had 30 employees in the beginning of 2009).
Financial data not
forthcoming.
There 3 charges
for the total sum of NIS 640,006.00 registered on the company's assets
(financial assets), in favor of Bank Otsar Hahayal Ltd. and Bank Hapoalim Ltd.
(last charge placed in July 2010 on financial assets – bank account).
2007 sales claimed
to be NIS 10,000,000, of which 70% were for export.
2008 sales claimed
to be NIS 10,000,000, of which 70% were for export.
Later sales data
not forthcoming.
Bank Hapoalim
Ltd., Kiryat Gat Branch (No. 645), Kiryat Gat, account No. 514764.
A check with the Central Banks' database did
not reveal anything detrimental on subject’s a/m account.
Bank Otsar Hahayal
Ltd., Ashdod Branch (No. 355), Ashdod.
Israel Discount
Bank Ltd., Tel Aviv Main Branch (No. 010), Tel Aviv.
Nothing
unfavorable learned.
So far subject's officials refused to disclose financial data. They asked
us to send them an email with our request – which we did – and they will
consider our request.
In case they return to us with further data, we will update you
accordingly.
Subject's
activities are veteran.
Notwithstanding the refusal to disclose
financial details, considered good for trade engagements.
Note: Since the beginning of 2012 Israel Post
started using a new area code method of 7 digits (the old method of 5 digits
will still be valid till end of January 2013).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.74 |
|
UK Pound |
1 |
Rs.89.02 |
|
Euro |
1 |
Rs.72.48 |
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.