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Report Date : |
01.08.2013 |
IDENTIFICATION DETAILS
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Name : |
DIKLIT INTERNATIONAL
TRADING LTD. |
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Registered Office : |
Mobile Post Merkaz Nachshonim 7319000 |
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Country : |
Israel |
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Date of Incorporation : |
08.08.1985. |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers and marketers
domestic consumer goods, e.g. home textile products, bath accessories,
products for babies, floor mats, carpets, etc. |
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No. of Employees : |
17 |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 |
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
DIKLIT INTERNATIONAL TRADING LTD.
Telephone 972 3 902 31 34
Fax 972 3 902 31 37
Mobile Post Merkaz
NACHSHONIM -7319000-ISRAEL
A private limited company, incorporated as per file No. 51-108074-9 on the
08.08.1985.
Authorized share capital NIS 2,500.00, divided into –
2,499 ordinary
shares (19 shares issued),
1 deferred share
(issued), all of NIS 1.00 each,
of which shares amounting to NIS 20.00 were issued.
1. Avi Mapa, holding all issued ordinary shares,
2. Shmuel Pe’er, Attorney, holding the company’s only one deferred share.
We are informed that
in practice Avi Mapa holds 100% of shares.
Avi Mapa, born 1985.
Importers and marketers domestic consumer goods,
e.g. home textile products, bath accessories, products for babies, floor mats,
carpets, etc.
Baby products include: beds and furniture,
cradles, feeding products, car seats and boosters, and more.
Having some 600 private retail stores client
base. Among large customers: ACE DIY, HOME CENTER (both largest local DIY
chains), KOLBO ROSEN, etc.
All purchasing is from import, mostly from the Far East.
Also buying from Spain, Italy and France.
Sole local representatives of:
NESE PLASTIC, of Turkey,
NUNTAI, of Taiwan.
Operating from rented premises (offices and warehouse), on an area of 2,000
sq. meters, in Kibbutz Nachshonim.
Having 17 employees (had 20 employees in mid 2010, had 17 employees in
2009).
Current stock is valued at NIS 4,000,000 (was valued at NIS 3,500,000 in
mid 2010, same as in 2009).
There are 17 charges for unlimited amounts, as well as 1 charge for the sum
of NIS 100,000.00 registered on the company’s assets (all assets), in favor of
Bank Hapoalim Ltd., The First International Bank of Israel Ltd., Mizrahi
Tefahot Bank Ltd. Bank Leumi Le'Israel Ltd., and leasing companies (last
charge placed December 2012).
2006 sales claimed to be NIS 14,000,000.
2007 sales claimed to be NIS 16,000,000.
2008 sales claimed to be NIS 16,500,000.
2009 sales claimed to be NIS 16,500,000.
2010 sales claimed to be NIS 16,000,000.
2011 sales claimed to be NIS 16,400,000.
2012 sales claimed to be NIS 17,000,000.
Bank Hapoalim Ltd., Yahalom Branch (No. 537), Ramat Gan, account
No. 66365.
The First International Bank of Israel Ltd., Ramat Gan Branch (No. 041),
Ramat Gan, account No. 907154.
A check with the Central Banks' database did not reveal any negative information
regarding subject's a/m accounts.
Nothing unfavorable learned.
This is a veteran company.
Subject is an authorized dealer for car seats for
babies in vehicles by the Ministry of Transportation & Road Safety.
According to
sources in the branch, the local market for baby and small children products is
in volume of circa NIS 1 billion annually.
According
to Central
Bureau of Statistics (CBS), import of
consumer goods in 2012 marked a 1.9% increase continuing the rise of 9.8% in
2011. Most of the rise was in durable goods (by 9.6%), which comprising some
40% of the import volume, while import in durable goods decrease by 7.3% from
2011.
Import of
Household Utensils in 2012 rose merely by 2% from 2011, summing up to NIS 2,484
million (although in $ terms import fell by 6%). In 2011 import rose by around
3% from 2010.
The local
household products market is considered highly competitive after reaching
market saturation. It includes household textile, tableware and kitchenware and
utensils, bath accessories and ornaments &decorative items, ceramic and
glass ware, etc. According to estimations, the local household products market
volume reaches NIS 2.5 – 3 billons annually (of which circa NIS 1 billion for
“home textile”), and includes retail, wholesale, institutional markets (Retail
chains capture 30% of the market share, specialization stores 20%, while the
institutional and workers unions sector has 50% share).
Good for trade engagements.
Note: Since 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.61.11 |
|
|
1 |
Rs.92.97 |
|
Euro |
1 |
Rs.80.95 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
|
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 |
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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 |
-- |
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.