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Report Date : |
05.06.2013 |
IDENTIFICATION DETAILS
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Name : |
AVNEI NOAM CONSULTING MARKETING AND CONTROL
LTD. |
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Registered Office : |
11/1 Picasso Street,
Kiryat Ata 2826005 |
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Country : |
Israel |
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Year of Establishments: |
2007 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers, traders and marketers of stones (marble, granite, ceramics, etc.) in
Israel and the world |
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No. of Employees : |
Number of employees not forthcoming, believed to be few (if any). |
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 : |
--- |
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
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 |
AVNEI NOAM CONSULTING MARKETING AND CONTROL LTD.
Telephone 972
4 848 00 87
Mobile 972
52 681 09 20
Fax 972
4 848 00 87
11/1 Picasso Street
KIRYAT
ATA 2826005 ISRAEL
Originally established in 2007 as a sole proprietorship.
Converted into a private limited company, and registered as such as per
file
No. 51-422458-3 on the 09.01.2009.
Note: AVNEI NOAM in Hebrew is NOAM STONE.
Authorized share capital
NIS 10,000.00, divided into-
10,000 ordinary shares
of NIS 1.00 each,
of which 1,000
shares amounting to NIS 1,000.00 were issued.
Subject is fully owned by Yuval Talmor.
Yuval Talmor.
Importers, traders and marketers of
stones (marble, granite, ceramics, etc.) in Israel and the world.
Operating from an office at the residence of the shareholder, in 11/1 Picasso Street, Kiryat Ata. In
2009 we were informed also on a warehouse subject uses (location and size not
forthcoming).
As we could not speak to subject's owner/manager (or any of the company for
that matter), we are unable to confirm a/m addresses data.
Number of employees not forthcoming, believed to be few (if any).
Financial data not forthcoming.
There is 1 charge for an unlimited amount registered on the company’s
assets (financial assets), in favor of Bank Leumi Le'Israel Ltd. (charge placed February 2009).
Sales figures not forthcoming.
Bank Leumi
Le'Israel Ltd., Kiryat Ata Branch (No. 897), Kiryat Ata.
Despite our efforts, we were unable to speak with subject's General Manager, Yuval Talmor. Upon calling
a/the telephone number in caption we receive a fax tone. We sent a fax but
received no answer. We also get to a voicemail on Mr. Talmor's cellular phone,
however it is impossible to leave a message since the voice box is full... According to the Telephone Directory there
are 2 numbers under Yuval Talmor's name (+972-4-848 00 87 – a/m phone in
caption, and +972-4-848 14 44 – there is no answer in this number.
We did not find anything detrimental on
subject or its owner.
Prior to establishing his own business, owner
Yuval Talmor used to be in a senior position in ALONI MARBLE LTD., a local
leading company in the fields of stone and marble, ceramics, sanitary ware and
inputs to the building sector. He worked in ALONI for 15 years.
There are some 250 importers of ceramics and granite porcelain operating in
Israel, and the branch is highly competitive. Import of tiles in 2011 fell by
3% from 2010, and remained steady in 2012. In terms of sq. meters – to 27,155
thousand sq. meters (2012).
In 2011 some 35% of imported ceramic and porcelain goods were from Turkey
(down from 37% in 2010), 30.7% from China (in constant rise in recent years),
on account of the traditional suppliers from Spain (17.7%) and Italy (15%).
From the Central Bureau of Statistics preliminary National Accounts for
2012, it rises that Investments in Fixed Assets rose by 3.7% from the previous
year, after rising by 16% in 2011 and by 12.2% in 2010. In 2012 there was an
increase in construction for dwelling – by 5.7% (after rising by 12.5% in 2011
and 12.8% in 2010), increase by 1.6% in construction not for dwelling and other
construction works (e.g. roads, offices, industrial, institutional), after it
grew by 6.6% in 2011.
Investment in construction for dwelling in 2011 was divided into rise of
13.1% by private building and 17.8% by public building.
Private consumption expenditure by households in
2012 on Housing and on Housing Equipment grew by 3% and fell by 2.7% from 2011,
respectively, in annual calculation (grew by 2.8% and 20%, respectively, in
2011 from 2010).
The building sector indicators show ambiguous signs in recent periods.
Volume of building starts for dwelling (which is an indicator for the trend in
the building sector) in 2012 indicated a 13% decrease from 2011, reaching close
to 40,000 new apartments, though building starts in the 4th quarter
marked a 40% rise from the previous quarter. The decline in 2012 came after a
growth trend in building starts in the previous couple of years (9% in 2011 and
7% rise in 2009).
On the other hand, after in 2011 the number of dwellings transactions
fell by 18% from 2010, an increase in acquisition of dwellings was noted in
2012 by same rate of 18%, though the Government expects the number to fall in
2013 following steps taken.
Dealings recommended on cash in advance basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.64 |
|
UK Pound |
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.73.97 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
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NB |
New Business |
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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.