MIRA INFORM REPORT
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Report Date : |
20.03.2012 |
IDENTIFICATION DETAILS
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Name : |
AVNEI NOAM CONSULTING MARKETING AND CONTROL
LTD. |
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Registered Office : |
11/1 Picasso Street,
Kiryat Ata 2826005 |
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Country : |
Israel |
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Year of Establishment : |
2007 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers, traders and marketers of
stones (marble, granite, ceramics, etc.) in Israel and the world |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment
Behaviour : |
Unknown |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
AVNEI NOAM CONSULTING MARKETING AND CONTROL LTD.
Telephone972 4 848 00 87
Mobile 972
52 681 09 20
Fax 972
4 848 00 87
11/1 Picasso Street
KIRYAT
ATA-2826005 ISRAEL
Originally established
in 2007 as a sole proprietorship.
Converted into a
private limited company, and registered as such as per file No. 51-422458-3 on
the 09.01.2009.
Authorized share capital NIS 10,000.00, divided
into-
10,000 ordinary shares of NIS 1.00
each,
of which 1,000 shares amounting to NIS 1,000.00
were issued.
Subject is fully owned by Yuval Talmor.
Yuval Talmor.
Importers, traders and marketers of
stones (marble, granite, ceramics, etc.) in Israel and the world.
Operating from an office at the residence of the shareholder, in 11/1 Picasso Street, Kiryat Ata.
Also operating from a warehouse (location and size not forthcoming).
Number of employees not forthcoming, believed to be few (if any).
Financial data not forthcoming.
There is 1 charge for an unlimited amount registered on the company’s
assets (financial assets), in favor of Bank Leumi Le'Israel Ltd. (charge placed February 2009).
Sales figures not forthcoming.
Bank Leumi
Le'Israel Ltd., Kiryat Ata Branch (No. 897), Kiryat Ata.
Nothing unfavorable learnt.
Despite our
efforts, we were unable to speak with subject's General Manager, Yuval
Talmor. Upon calling a/m phone number we received a fax tone. We received an
answering machine on his cell phone. We left a message but so far with no
return (he may be out of the country). According to the Telephone Directory
there are 2 numbers under Yuval Talmor's name (972 4 848 00 87 – a/m phone in
caption, and 972 4 848 14 44 – there is no answer in this number.
Prior to establishing his own business, owner
Yuval Talmor used to be in a senior position in ALONI MARBLE LTD., a local
leading company in the fields of stone and marble, ceramics, sanitary ware and
inputs to the building sector. He worked in ALONI for 15 years.
There are some 250 importers of ceramics and granite porcelain operating in
Israel, and the branch is highly competitive.
In 2010 some 37% of imported ceramic and porcelain goods were from Turkey,
as well as relatively high portion from China (27%), on account of the
traditional suppliers from Spain (20%) and Italy.
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.
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,
institutions) 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 43,650 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.
Housing prices over the last years kept rising due to the shortage in
supply of new apartments, much due to structural fault in the allocation of
plots in State hands. In view of avoiding a real estate bubble and allowing
cheaper housing prices, the Israeli Government initiated recent reforms
designed to drive prices down in one hand, and increase supply on the other.
Indeed, since mid 2011 there has been drop in prices in many areas. However
there has been uncertainty in the market: buyers have been waiting prices to
fall further while contractors await prices to pick-up again. Demand fell due
to the negative economic climate, and in the supply side the banks have been
shutting down credit to contractors.
Nevertheless, the Contractors' Association report in February 2012 on
modest growth in deals and prices in recent months.
Dealings recommended on a secured basis.
NOTE: In subject's name, the first word is "Avnei",
not "Avni".
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.12 |
|
UK Pound |
1 |
Rs.79.37 |
|
Euro |
1 |
Rs.66.02 |
RATING EXPLANATIONS
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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 |
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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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.