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Report Date : |
29.11.2012 |
IDENTIFICATION DETAILS
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Name : |
ROTLEX (1994) LTD |
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Registered Office : |
P.O. Box 3039
(8496901), Omer Industrial Park, Bldg. #32, Omer 8496500 |
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Country : |
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Date of Incorporation : |
30.08.1994 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Developers, manufacturers, marketers and
exporters of quality assurance systems and devices, mostly to the ophthalmic (vision correction) markets |
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No. of Employees : |
12 employees |
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) |
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Israel |
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 |
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.
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Source : CIA |
ROTLEX (1994) LTD.
Telephone 972
8 690 11 44
Fax 972
8 690 11 55
P.O. Box 3039 (8496901)
Omer Industrial Park, Bldg. #32
OMER 8496500 ISRAEL
A private limited company, incorporated as per
file No. 51-201944-9 on the 30.08.1994.
Subject was established in view of assuming the
activities of a private limited company ROTLEX OPTICS LTD., incorporated in
1986 as a wholly owned subsidiary if a State-owned company ROTEM INDUSTRIES
LTD. In 1994 a State owned venture capital fund TEUZA entered as an investor,
therefore subject assumed the activities of ROTLEX OPTICS LTD., now liquidated.
At a later stage ownership in subject moved to
the control of A.G.I. Group and the u/m shareholders.
Authorized share capital NIS 25,200.00, divided
into -
25,200
ordinary shares of NIS 1.00 each,
Of which 10,167 shares amounting to NIS
10,167.00 were issued.
1. A.G.I.
INTERNATIONAL TRADE CO. LTD., 49.2%, equally owned by Avichai Abraham (Rami) Gutterman and Gershon Shtrichman,
2. Abraham (Rami) Gutterman, 16.2%,
3. Gershon Shtrichman, 16.2%,
4. FONDINEVST LLC, 15.8%, a
foreign company,
5. ELBIT SECURITY SYSTEMS LTD.,
1.6%,
6. Yossef Gross, 1%.
We are informed that in practice Rami Gutterman and Gershon Shtrichman, directly and via A.G.I., hold over 83% in subject, and
very shortly they will purchase the shares of FONDINEVST (above
shareholder No. 4).
1. Abraham (Rami) Gutterman,
2. Gershon Shtrichman,
3. Meir
Avital.
Joshua Gecht
Developers, manufacturers, marketers and
exporters of quality assurance systems and devices, mostly to the ophthalmic (vision correction) markets.
Also manufacturers of lenses.
99% of sales are for export.
Among international clients: VISTAKON (JOHNSON
& JOHNSON subsidiary), ZEISS SOLA, Bausch & Lomb, Benz R&D, CIBA
VISION (NOVARTIS subsidiary), CORNEAL, HOYA, RAYNER, COOPER VISION, as well as
Israeli manufacturers SHAMIR OPTICAL INDUSTRY, HANITA
LENSES, and many others in the world.
Operating from rented premises (offices, labs
& plant), on an area of 200 sq. meters, in Omer Industrial Park,
Bldg. #32, Omer (a locality near Beer Sheva).
Having 12 employees.
Work is according to orders, do not keep stocks.
Financial data not forthcoming.
There are 6 charges for unlimited amounts
registered on the company’s assets (financial assets, equipment), in favor of
Bank Hapoalim Ltd., Bank Otsar Hahayal Ltd., and a computers company
(last charge placed in 2003).
2010
sales claimed to be NIS 6,000,000, 99% of which were for export.
2011
sales claimed to be NIS 7,000,000, 99% of which were for export.
Projected
2012 sales are NIS 7,000,000, 99% of which for export.
A.G.I.
INTERNATIONAL TRADE CO. LTD., parent company,
established 1978, operating in 4 lines:
1.
International traders, importers,
exporters and marketers in the fields of textile, foodstuff and chemicals.
2.
Importers and marketers of textile
(mainly apparel/ jeans, for men, women and children.
3.
A holding company, which has
stakes in hi-tech companies (among them ADT ADVANCED DICINING TECHNOLOGIES
LTD.).
4.
A purchasing office in China, for
Israeli companies.
A.N.N.T.,
over 50% owned by a/m company, a company registered in China, operating in the
communications area and as a purchasing office for local companies.
Bank Hapoalim Ltd., Haifa Business Branch (No.
628), Haifa, account No. 161155.
A check with the Central Banks' database did not reveal any negative information
regarding subject's a/m account.
Nothing unfavorable
learned.
Subject's technology has been accepted as a quality assurance standard
by many manufacturers of intraocular, spectacle and contact lenses.
Rami
Gutterman is a known figure in the local venture capital field. He is also a
director in TEUZA - FIARCHILD TECHNOLOGY VENTURE LTD., publicly traded on the
Tel Aviv Stock Exchange, a ventrue capital fund investing in the software
semiconductors, communications, electronics and medical equipment fields. TEUZA
Fund was once investor in subject, though exited in year 2000.
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 2012).
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.55.70 |
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UK Pound |
1 |
Rs.89.34 |
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Euro |
1 |
Rs.72.35 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
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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.