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Report Date : |
19.06.2013 |
IDENTIFICATION DETAILS
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Name : |
LUBRITAL LTD. |
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Registered Office : |
16/31 Rimalt Street Ramat Gan
5228113 |
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Country : |
Israel |
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Date of Incorporation : |
04.07.2012 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Agencies in the fields of paper (mainly), as well as in the raw
materials for industry field. |
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No. of Employees : |
3 employees |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Company |
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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 |
|
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 |
LUBRITAL LTD.
Telephone 972 3 527 19 62
Mobile 972 54 733 47
87
Fax 972 3 527 19
62
16/31 Rimalt Street
Ramat Gan 5228113 Israel
A private limited company, incorporated as per file No. 51-479508-7 on the
04.07.2012.
Authorized share capital NIS 1,000.00, divided into -
1,000 ordinary shares
of NIS 1.00 each,
of which 100 shares amounting to NIS 100.00 were issued.
Subject is fully owned by Alon Talmon.
Alon Talmon.
(Note: Full name according to the Registrar of Companies: Alon Israel
Talmon Kolinsky)
Agencies in the fields of paper (mainly), as well as in the raw
materials for industry field.
Activities began in August 2012.
Sales are mostly on commission basis.
Sole local representatives of:
PENFORD, of USA,
FINOPEC, SUN CORPORATION (ammonium), both of China.
Operating from office premises at the private residence of Alon Talmon (key
money basis), in 16/31 Rimalt Street, Ramat Gan.
Having 3 employees including Alon Talmon.
Financial data not forthcoming.
Work is according to orders.
There are no charges registered on the company's assets.
Sales for the first half of 2013 claimed to be NIS 1,000,000.
TALMON TRADING CO. LTD., established 1964, fully owned by Amos Talmon,
father of Alon, agencies, foreign manufacturers' representatives in the fields
of paper, oils and raw materials, as well as machinery for the paper
industries.
Union Bank of Israel Ltd., Herzliya Pituach Branch (No. 079), Herzliya.
Nothing unfavorable learned.
According to the Central Bureau of Statistics, import of raw materials for
the Paper industries in 2012 fell by 6% from 2011, reaching total of NIS 2,945
million (though the decrease in $ terms was by 13% to US$ 764 million). This
comes after couple of years in which import level rose, by over 20% in 2010 and
by several percentages in 2011.
The local industry investments in imported machinery and equipment in
2011 comparing to 2010 were as follows (by industry segment):
The Paper and allied products industries – marked 29% increase and
summed up to NIS 229.8 million (after 60.5% decrease in 2010 from 2009).
Printing and Publishing industries – noted 15% increase and summed up to
NIS 265.6 million (after 15.6% increase in 2010 from 2009).
A relatively newly established company (although
affiliated father's firm is long established), therefore too early to determine
a definite credit opinion.
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.58.45 |
|
|
1 |
Rs.91.60 |
|
Euro |
1 |
Rs.77.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.