|
Report Date : |
21.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
HECHT EFRAIM 2002 LTD. |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
04.07.2002 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacturers, exporters and marketers of gypsum,
tin and acoustic ceilings. |
|
|
|
|
No. of Employees : |
115 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
HECHT
EFRAIM 2002 LTD.
Telephone 972
3 556 02 20
Fax 972
3 550 23 51
4 Hakishor
Street
Industrial
Zone
HOLON 5886701 ISRAEL
A private limited company, incorporated as
per file No. 51-325885-5 on the 04.07.2002.
Authorized share capital NIS 100,000.00,
divided into -
100,000
ordinary shares of NIS 1.00 each,
of which 113 shares amounting to NIS 113.00
were issued.
According to the Registrar of Companies:
1. ALBERT EFRAIM 2002 LTD., 66.4%,
2. HECHT INDUSTRIES 2002 LTD., 20.3%,
3. Yoram Alon, 13.3%.
Although a notice
for this effect has yet to be recorded in the Registrar of Companies' files, we
are informed that in practice subject's shareholders are:
1. POLYPACH BEIT SHEMESH LTD.,
50%, owned by brothers Eli Alon and Yoram Alon,
2. Albert Efraim, 25%,
3. HECHT INDUSTRIES 2002 LTD., 25%, controlled
by the Hecht family.
1. Eyal Hecht,
2. Yoram Alon,
3. Avraham Efraim.
Amir Fuchs.
Manufacturers, exporters and marketers of
gypsum, tin and acoustic ceilings.
Also traders, importers and marketers of
stand and rails for gypsum products, paints and allied products.
Among clientele: B.S.T.CONSTRUCTION, U. DORI
CONSTRUCTION, TAMBOUR, ROM GEVES CASING AND COVERING, Welfare and Social
Services Ministry, TECHNION University, The OPEN UNIVERSITY, CELLCOM ISRAEL,
SUPERPHARM, Haifa Mall, and many more.
Sole local representatives of:
NITTOBO, of Japan,
SOUNDTEX, of Canada,
PRIME SOURCE, of USA.
Operating from (premises also serve the
Group):
1. Main offices, logistic center and retail
store, in 4 Hakishor Street, Industrial Zone, Holon.
2. Ceilings production plant, on an area of
4,000 sq. meters, in 13 Halutzei Hataasiya Street, Industrial Zone, Haifa.
3. Profiles production plant, on an area of
4,000 sq. meters, in 7 Halutzei Hataasiya Street, Industrial Zone, Haifa.
4. Gypsum profile production plant, on an area
of 10,000 sq. meters, in the Industrial Zone, Beit Shemesh.
5. Retail branch, in 3 Haavoda Street,
Industrial Zone, Ashdod.
6. Wholesale & retail branch, in 147 Bar
Yehuda Rd., Industrial Zone, Nesher.
Having
115 employees.
Financial data not forthcoming.
There are 4 charges for unlimited amounts,
as well as 1 charge for the sum of 918,000.00 registered on the company's
assets (financial assets, fixed assets and vehicles), in favor of Bank Leumi
Le'Israel Ltd., Israel Discount Bank Ltd. and companies (last charge placed
August 2011).
2010 sales claimed to be NIS 100,000,000.
2011 sales claimed to be NIS 100,000,000.
POLIPACH Group's turnover is close to NIS 1
billion.
POLYPACH BEIT
SHEMESH LTD., parent company, established 1982, a holding company, heading the
POLYPACH group, also holds:
POLYPACH BEIT SHEMESH ENTERPRISES (1991) LTD., 100%, importers, processors (rolling) and marketers of steel. Also manufacturers
and marketers of isolating panels, gypsum profiles and steel allied products.
POLIRAN PROFILES LTD., 50% owned by the Alon family, manufacturers and
marketers of metal profiles and pipes for the building, industrial and
agriculture sectors.
HECHT CEILING SYSTEMS LTD., 44% owned by Yoram Alon, and 44% by the Hecht Family, manufacturers and marketers of metal profiles.
ALON POLYWOOD LTD., fully owned by the Alon family (45% by Eli Alon and
Yoram Alon), importers, traders and marketers of wood.
A. ALON HOLDINGS (2003) LTD., holding company, and other holding companies held
by members of the Alon family.
TELIRAN 1993 LTD., 50% owned by a/m, manufacturers, assemblers and marketers of
electronic circuits and components.
A. HECHT LIGHTING
FACTORY LTD., established 1983, owned by Hecht Family, manufacturers and installers of post boxes, acoustic
ceilings, light bulbs and street lights.
Bank Leumi Le'Israel Ltd., Main Jerusalem Branch
(No. 901), Jerusalem.
Nothing unfavorable learned.
Subject is ISO 9002:2000 certified.
POLYPACH is a
veteran family business, enjoying a good reputation in their fields.
In general, indicators in 2011 of the building sector –similar to the
trend of the local economy- were positive, continuing the improvement from 2010
after the slow-down in 2009. Investment in the local building branch rose by
5.9% in 2010 and by 9.2% in 2011. Investment in construction for dwelling rose
by 13.4% in 2011(divided into rise of 13.1% by private building and 17.8% by
public building), after rising of 12.7% in 2010 and 8.3% in 2009. Investment in
construction not for dwelling and other construction works (e.g. roads,
offices, industrial, institutional) grew by 4.4% in 2011(after 11% rise in
2010).
Consumption expenditure by households in 2011 on Housing and on Housing
Equipment grew by 2.8% and by 20%, respectively, in annual calculation (grew by
2.5% and 7.5%, respectively, in 2010 from 2009).
Volume of building starts for dwelling in 2011 marked 9% increase from
2010, reaching 43,385 new apartments (after 7% rise from 2009), although in the
last quarter of 2011 there was a decrease comparing to 2010, after 4
consecutive quarters of growth. The rise in building starts was thanks to the
Government marketing efforts, however the upwards trend cooled down in 2011 2nd
half, which generally characterized the stagnation and even retreat in the
local real estate market, with a significant decrease the number of real estate
transactions (number of dwellings transactions fell 17% in 2011 from 2010,
after rising over the last years).
Good for trade engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.86 |
|
UK Pound |
1 |
Rs.87.93 |
|
Euro |
1 |
Rs.70.88 |
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.