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Report Date : |
06.07.2013 |
IDENTIFICATION DETAILS
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Name : |
HILU - PULSES SORTING & TRADE INSTITUTE
LTD. |
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Registered Office : |
Shefayim 6099000 |
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Country : |
Israel |
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Date of Incorporation : |
20.08.1991 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Traders, importers, exporters and marketers of pulses and legumes,
operating a plant for pulses sorting. Also importers and marketers of dried
fruits |
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No. of Employees : |
Having 6 employees (same as in the beginning of
2012). |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 |
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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 |
HILU - PULSES SORTING & TRADE INSTITUTE LTD.
Telephone 972 9 952
36 24
Fax 972 9
952 36 67
SHEFAYIM 6099000 ISRAEL
A private limited
company, incorporated as per file No. 51-159963-1 on the 20.08.1991.
* Note: With
regard to subject's Latin name (in the Registrar of Companies only the Hebrew
style appears) it is possible that subject is using several styles, including
HILO SEEDS SORTING AND MARKETING LTD., HILU PULSES AND SEEDS MARKETING LTD. and
HILU - LEGUME SORTING & TRADE INSTITUTE LTD. Also, the spelling of
"HILU" also appears as "HILO". We use in
caption the exact translation of the registered Hebrew name.
Authorized share
capital NIS 17,600.00, divided into -
17,600
ordinary shares of NIS 1.00 each,
of which 1,000 shares
amounting to NIS 1,000.00 were issued.
1. Yehezkel Hilu, 51%,
2. Mrs. Yehudith Hilu, 49%, wife of Yehezkel.
1. Yehezkel Hilu, General Manager,
2. Mrs. Yehudith Hilu.
Traders, importers, exporters and marketers of pulses and legumes,
operating a plant for pulses sorting. Also importers and marketers of dried
fruits.
Among clients:
HAMAMA MEIR TRADE.
Over 50% of sales
are export.
Operating from
rented premises (offices and plant), on a large open area, of which 600 sq.
meters serves subject, in Kibbutz Shefayim, a locality north of Herzliya. Also
owns a 1,000 sq. meters storage facility in a village in the country's south.
Having 6 employees
(same as in the beginning of 2012).
Financial data not
forthcoming.
There are 2
charges for unlimited amounts registered on the company's assets (financial and
fixed assets), in favor of Israel Discount Bank Ltd. (last charge placed May
2012, prior charge placed April 1998).
Sales figures not
forthcoming.
NISIM ARIEL HILO,
affiliated sole proprietorship owned by Nisim Ariel Hilo, traders, importers
and marketers of grains.
Israel Discount
Bank Ltd., Ramat Gan Branch (No. 040), Ramat Gan.
Nothing
unfavorable learned.
Subject's General
Manager, Yehezkel Hilu, refused to disclose financial data.
The
Central Bureau of Statistics data shows that import of raw food
products to Israel in 2012 summed up to NIS 9,135.6 million, 2.7% decrease from
2011 (marked a 9.8% decrease in $ terms). This represents a reverse trend from
the previous couple of years, when it rose in both years in around 20%.
Over 50% of import is from the EU.
Notwithstanding the refusal to disclose
financial details, considered good for trade engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.34 |
|
UK Pound |
1 |
Rs.90.79 |
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Euro |
1 |
Rs.77.81 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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<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.