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Report Date : |
04.04.2013 |
IDENTIFICATION DETAILS
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Name : |
RAM FARM MECHANIZATION LTD |
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Registered Office : |
P.O. Box 9047
(6109001), 4 Hasolelim Street, Tel Aviv 6789704 |
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Country : |
Israel |
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Date of Incorporation : |
08.03.1978 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers and
marketers of agricultural equipment and machinery |
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No. of Employees : |
10 |
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
Classifi3cation |
|
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 |
RAM FARM MECHANIZATION LTD.
Telephone 972 3 562 58 93
Fax 972 3 562 49 42
Email: ramfarm@012.net.il
P.O. Box 9047
(6109001)
4 Hasolelim Street
TEL AVIV 6789704 ISRAEL
A private limited company, incorporated as per file No. 51-077710-5 on
the 08.03.1978.
Subject was founded with the view of taking over the activities of I.
SHINITZKY & CO. LTD., originally established in 1952 as part of KOOR Group,
and in which Reuven Maltzman was among its founders.
* Note: Direct translation of subject's Hebrew registered name is RAM-AGRICULTURAL MECHANIZATION LTD.
Authorized share capital NIS 100,000.00, divided into:-
99,940
ordinary shares (60,000 shares issued),
60
management shares, all of NIS 1.00 each,
of which shares amounting to NIS 60,000.00 were issued.
Subject is fully
owned by Benny Maltzman.
Note: The Late Ms. Hanna Maltzman is still registered as a shareholder.
Benny Maltzman.
Importers and
marketers of agricultural equipment and machinery.
Subject also provides
services for equipment and machinery sold, as well as their customizing
according to clients need.
Sales are to
kibbutzim (typical local agricultural communal settlements) and villages, local
farmers, etc.
Among clientele:
Kibbutz Shluhot, Kibbutz Dorot, Kibbutz Magen, Ministry of Agriculture, YAROK
2000, etc.
Sole local representatives of (among others):
MASCHIO, BONDIOLY,
ORTOMEC, all of Italy,
KONGSKILOE, of
Denmark,
ALMA, of France.
Among local
suppliers: LIGRO METAL.
Operating from
premises, owned by the shareholders, on an area of 1,250 sq. meters, in 4
Hasolelim Street, Tel Aviv.
Having 10
employees.
Current stock is valued at NIS 1,200,000.
Property owned by the shareholders in 4 Hasolelim Street, Tel Aviv
(where subject is operating from) is valued at NIS 5,000,000.
According to a report from April 2006, subject acquired a plot of 1,000
sq. meters in the Industrial Zone, Netanya, for US$ 350,000.
There are 3 charges for unlimited amounts, as well as 1 charge for the sum
of NIS 942,600.00 registered on the company’s assets (financial assets and
vehicles), in favor of Bank Hapoalim Ltd. (last charge placed July 2012).
2011 sales claimed to be NIS 12,000,000.
2012 sales claimed to be NIS 12,000,000.
The First International Bank of Israel Ltd.,
Ramat Gan Branch (No. 041), Ramat Gan.
Nothing unfavorable learned.
This is a long established family company.
In 2011 value of agricultural input amounted to NIS 17.6 billion, 11.2%
nominal increase from 2010. Gross Domestic Product (output value minus
purchased input) was NIS 12.8 billion.
Despite the current general weakness in
local markets (negatively affected by the global economy), 2011 ended with
significantly improved economic indicators compared to 2010 in terms of gross
domestic investment in machinery and other equipment for the manufacturing
industry (excl. ships & aircrafts).
Central Bureau of Statistics data reveals that investments -both from import
and domestic production- of machinery & equipment rose by over 35% from
2010 (in 2010 it rose by some 10% from 2009, after it fell by 19% from 2008).
Total gross domestic investment in machinery & equipment from import alone,
rose in 2011 by 52% from 2010 (12% rise in 2010 after falling in 2009 by almost
23%).
Import of investment products - machinery
and equipment segment - for the local industry rose in 2012 by 2% from 2011,
reaching NIS 26,529.2 million (in $ currency terms, import fell by 5%).
Good for trade engagements.
Note: Since the beginning of February 2013
Israel Post has started using a new area code method of 7 digits (the old
method of 5 digits is no longer valid).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
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UK Pound |
1 |
Rs.82.05 |
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Euro |
1 |
Rs.69.59 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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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 |
|
<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.