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Report Date : |
23.04.2013 |
IDENTIFICATION DETAILS
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Name : |
kOLIBIR ltd. |
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Registered Office : |
5 Modi'in Street, Sgula Industrial Zone, Petach Tikva 4927154 |
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Country : |
Israel |
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Date of Incorporation : |
08.12.1997 |
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Legal Form : |
A Private Limited Company |
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Line of Business : |
Manufacturers and marketers of paints for road marking and for the
industrial field. |
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No. of Employees : |
15 |
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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Israel |
A2 |
A2 |
|
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 |
ISRAEL - ECONOMIC OVERVIEW
Israel has a technologically advanced market economy. Its
major imports include crude oil, grains, raw materials, and military equipment.
Cut diamonds, high-technology equipment, and pharmaceuticals are among 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. Israel's economy also has weathered the
Arab Spring because strong trade ties outside the Middle East have insulated
the economy from spillover effects. 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, and production from the Tama field is expected to
meet all of Israel's natural gas demand beginning mid-2013. 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
KOLIBIR LTD.
Telephone 972 3 904 66 52
Fax 972
3 904 64 52
Email: info@kolibir.com
5 Modi'in Street
Sgula Industrial Zone
PETACH TIKVA 4927154 ISRAEL
A private limited company, incorporated as per file No. 51-255905-5 on the
08.12.1997.
Authorized share capital NIS 34,300.00, divided into - 34,300 ordinary
shares of NIS 1.00 each, of which 100 shares amounting to NIS 100.00 were
issued.
Subject is fully owned by Yaron Har-Shoshan.
In 2001, Yaron Har-Shoshan acquired CHEMICAL SGS shares (25%) in subject,
reaching full ownership.
There are no listed
directors according to the Registrar of Companies.
Yaron Har-Shoshan, born in 1966.
Manufacturers and marketers of paints for road marking and for the
industrial field.
Amongst clients: ISRAEL NATIONAL ROADS CO., NETIVEY HAMIFRATZ, NEW WAY
TRAFFIC, GOLDEN LANES, TAMARI & SONS, etc.
Amongst suppliers: GADOT CHEMICALS, KFAR GILADI QUARRIES, OROM CHEMICALS,
etc.
Operating from rented premises, on an area of 1,000 sq. meters (of which
600 sq. meters are built), in 5 Modi'in Street, Sgula Industrial Zone, Petach
Tikva.
Having 15 employees (same as in 2012).
Financial data not forthcoming.
There are 10
charges for unlimited amounts, as well as 2 charges for total sum of NIS 335,000.00
registered on the company’s assets (mainly financial assets – bank deposits),
in favor of Bank Otsar Hahayal Ltd., Bank Leumi Le'Israel Ltd. and Union Bank
of Israel Ltd. (last charge placed 2008).
Sales figures not forthcoming.
TREMARK LTD., sister company, fully owned by Yaron Har-Shoshan, engaged in
road marking works.
Bank Otsar Hahayal Ltd., Petach Tikva Branch (No. 347), Petach Tikva
Bank Leumi Le'Israel, Concord Branch (No. 855), Bnei Brak.
There is a pending legal case from June 2010, where KAVIM TRANSPORTATION
SYSTEMS LTD. and others are suing subject and others on the Jerusalem
Magistrate Court for NIS 638,000 (we assume "others" are the
insurance companies). We did not find further details on the case, which went
also to arbitration and is pending in Court.
Nothing unfavourable learned from that.
In another case, in which subject filed a NIS 1,147,300 lawsuit (Petach
Tikva Magistrate Court) against TRAFITECH TECHNOLOGIES AND TRAFIC ENGINEERING
LTD. Further data unavailable. Case is pending (went also to arbitration).
Subject’s General Manager refused to disclose further details.
Subject is ISO
9001:2008 certified.
In previous years we obtained a favorable opinion on subject's payment
morality, described as a reliable client.
Notwithstanding
the refusal to disclose financial details, considered good for trade
engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.17 |
|
|
1 |
Rs.82.45 |
|
Euro |
1 |
Rs.70.70 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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 |
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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 |
|
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 |
|
-- |
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.