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Report Date : |
29.01.2013 |
IDENTIFICATION DETAILS
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Name : |
NAYER (2002) LTD. |
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Registered Office : |
32 Eilat Street Tel Aviv 6684501 |
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Country : |
Israel |
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Date of Incorporation : |
02.10.2002 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers, processors and marketers of various sheets, coverings and nettings used for waterproofing and rain protection, truck covering, windbreakers, shading screens and fence sheeting of any size. |
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No. of Employees : |
70 |
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 |
|
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.
Source
: CIA
NAYER (2002) LTD.
Plant:
Telephone 972 3 907 29 59
Fax 972 3 907 29 58
P.O. Box 769
Industrial Zone
ELKANA 4481400 ISRAEL
Offices:
Telephone 972 3 682 51 67
Fax 972 3 681 15 51
32 Eilat Street
TEL AVIV 6684501 ISRAEL
A private limited
company, incorporated as per file No. 51-330662-1 on the 02.10.2002.
Subject was
established in order to carry out the activities of several companies owned by
Nayer family, the first of which was established in 1939.
Authorized share
capital NIS 40,000.00, divided into -
40,000 ordinary shares of NIS
1.00 each,
of which 100
shares amounting to NIS 100.00 were issued.
1. Moshe Nayer,
50%,
2. Ms. Hana Nayer,
wife of Moshe Nayer, 50%.
1. Moshe Nayer,
2. Ms. Hana Nayer.
1.
Zvika Nayer, sons of Moshe,
2.
Oded Nayer, cousin of Zvika.
Importers,
processors and marketers of various sheets, coverings and nettings used for waterproofing
and rain protection, truck covering, windbreakers, shading screens and fence
sheeting of any size.
Dealing with
industrial textiles such as PVC, polypropylene, jute, shade netting and screens
for industry, private households, construction, agriculture and recreation.
Also importers,
manufactures and marketers of sacks, natural jute, threads and ropes of
different kinds.
Amongst clients:
HAMASHBIR FOR AGRICULTURE, HAGARIN, AMINACH BEDDING & FURNITURE, NETAFIM,
GINEGAR PLASTIC PROD
Subject purchases
goods and raw materials both from local and foreign suppliers. Imports are from
Europe, Turkey and Far East.
Among local
suppliers: P.I.C PLAST, POLYSAC PLASTIC PROD
Operating from:
1.
Offices and a retail store, owned by the
shareholders, on an area of 80 sq. meters in 32 Eilat Street, Tel Aviv,
2.
2 small key-money warehouses in 41 and 43 Eilat
Street, Tel Aviv,
3.
A plant and warehouse, owned by the company, on an
area of 5,000 sq. meters, in the Elkana Industrial Zone.
Having over 70
employees (had 70 employees in 2011, 60 in 2009).
Stock was valued
at NIS 20,000,000 in mid 2011 (same as in 2009).
Later and other
financial data not forthcoming.
There are 8
charges for unlimited amounts registered on the company's assets (fixed and
financial assets), in favor of Bank Hapoalim Ltd. and local companies (last 2
charges placed in April and December 2012, on vehicles).
2006 sales claimed to be NIS 42,000,000.
2007 sales claimed to be NIS 46,000,000, 10%
were for export.
2008 sales claimed to be NIS 46,000,000, 10%
were for export.
Later sales figures not forthcoming.
NAYER
FOR AGRICULTURE LTD., non-active.
NAYER INDUSTRIES
(1991) LTD., non-active.
Nayer family also
owns various yielding properties.
Bank Hapoalim
Ltd., Yafo Branch (No. 611), Tel Aviv, account No. 299994.
A check with the Central
Banks' database did not reveal anything detrimental on subject’s a/m account.
Nothing
unfavorable learnt.
Subject's joint
General Manager, Mr. Zvika Nayer, refused to update financial and bank data.
This is a very long established family business.
Several years ago subject opened L/C with Bank Hapoalim Ltd. for fabrics
from a Chinese supplier. Apparently, the goods were faulty but the Bank paid
based on the L/C. Subject sued the Bank, but in March 2011 it lost the claim as
it did not prove negligence of the bank in doing so.
Good for trade
engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.89 |
|
|
1 |
Rs.84.92 |
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Euro |
1 |
Rs.72.51 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
|
<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.