|
Report Date : |
04.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
GABI NATHANSEN GAN AGRICULTURE LTD. |
|
|
|
|
Registered Office : |
P.O. Box 333 REHOVOT (7610202) Farm No. 70, Meshek Tzuk Beit Elazari 7680300 |
|
|
|
|
Country : |
Israel |
|
|
|
|
Date of Incorporation : |
07.01.1998. |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacturers, importers and marketers of products for green houses, nurseries, plant growers, gardening stores, etc. |
|
|
|
|
No. of Employees : |
10 – 15 employees. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
No Complaints |
|
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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
Source
: CIA
G N AGRICULTURE
Correct Name: GABI NATHANSEN GAN AGRICULTURE LTD.
(Trading as: G
N AGRICULTURE)
Telephone 972 8 949 23 33
Fax 972 8 949 66 36
Email: gn_agri@netvision.net.il
P.O. Box 333
REHOVOT (7610202)
Farm
No. 70, Meshek Tzuk
BEIT
ELAZARI 7680300 ISRAEL
A private limited company, incorporated as
per file No. 51-258084-6 on the 07.01.1998.
Authorized share capital NIS 35,700.00,
divided into -
35,700
ordinary shares of NIS 1.00 each,
of which 100 shares amounting to NIS 1.00
were issued.
1. Gavriel
Nathansen, 99%,
2. Heirs
of the late Ms. Rachel Nathansen, 1%.
In practice Gavriel Nathansen holds 100% of
subject.
Gavriel (Gabi) Nathansen.
Manufacturers, importers and marketers of
products for green houses, nurseries, plant growers, gardening stores, etc.
Among clientele: AMIR SUPPLY CO., HISHTIL.
Operating from rented premises of 10,000 sq.
meters + 1,500 sq. meters covered area, in Farm No. 70, Meshek Tzuk (or Tzuk
Farm in English, where Tzuk=Meshek in Hebrew), Beit Elazari Village.
Having between 10 – 15 employees.
Financial data not forthcoming.
There are 9 charges for unlimited amounts registered on the company's
assets (financial assets and a vehicle), in favor of Bank Hapoalim Ltd.,
Mizrahi Tefahot Bank Ltd., The First International Bank of Israel Ltd. and
Poalei Agudat Israel Bank Ltd. (last 3 charges placed January-April 2011).
Sales figures not forthcoming.
Poalei Agudat Israel Bank Ltd., Rehovot
Branch (No. 174), Rehovot.
Mizrahi Tefahot Bank Ltd., Kiryat Ono Branch
(No. 467), Kiryat Ono.
Nothing unfavorable learned.
Mr. Gabi Nathansen refused to disclose
financial data.
According to the Bureau of Statistics data, 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.
Import of
agricultural raw materials (excluding animal feed) to Israel in 2011 rose by
close to 22% from 2010, summing up to US$ 223.8 million. A 12% rise in
purchased input prices was recorded in 2011 compared to 2010.
Notwithstanding the refusal to disclose
financial details, considered 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 January 2013).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.42 |
|
|
1 |
Rs.88.29 |
|
Euro |
1 |
Rs.71.49 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
|
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 |
|
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 |
|
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.