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Report Date : |
27.06.2013 |
IDENTIFICATION DETAILS
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Name : |
GUMI KOL O YEHIEL (2012) LTD. |
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Formerly Known As : |
GUMI KOL. |
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Registered Office : |
P.O. Box 1955, Shoham (6085102) Farm No. 20 Hadid 7313500 |
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Country : |
Israel |
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Year of Incorporation : |
1992 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers and marketers of various rubber, plastic, PVC, etc, products for various industries, as well as safety products. |
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No. of Employees : |
6 |
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
GUMI
KOL O YEHIEL (2012) LTD.
Telephone 972
8 924 42 86
Fax 972
8 924 40 47
Email: gumi-kol@smile.net.il
P.O. Box 1955, SHOHAM (6085102)
Farm
No. 20
HADID 7313500 ISRAEL
Originally established as a sole proprietorship
in 1992 under the name GUMI KOL.
Converted into a private limited company and
registered as such as per file
No. 51-471014-4 on the 05.01.2012.
Authorized share capital NIS 50,000.00,
divided into -
50,000
ordinary shares of NIS 1.00 each,
of which 100 shares amounting to NIS 100.00
were issued.
Subject is fully owned by Hilik Oron.
Hilik Oron.
Importers and marketers of various rubber,
plastic, PVC, etc, products for various industries, as well as safety products.
Sales are to wholesalers, plants, companies,
government agencies, etc.
Among clientele: Israeli Police, Israel Defense
Force, Ministry of Defense, ISRAEL AEROSPACE INDUSTRIES, and many more.
Operating from rented premises, on an area
of 1,000 sq. meters, in farm No. 20, Hadid Village (“Moshav Hadid”, where
“moshav” is a local typical village or settlement, in particular a type of
cooperative agricultural community of individual farms), situated near Modi'in.
Having 6 employees.
Financial data not forthcoming. According to
subject's website, holding a large amount of stock.
There are no charges registered on the company's assets.
Sales figures not forthcoming.
Israel Discount Bank Ltd., Lod Branch (No.
059), Lod.
Nothing unfavorable learned.
Subject's General Manager refused to
disclose financial data.
Subject is a veteran business.
The Society of
Israel Plastic & Rubber Industry published data on the sector for 2011: The
sector’s turnover (both local and for export) reached US$ 5,075 million,
representing 15% increase from 2009 (after 4% decrease from 2008, affected by
the global crisis).
Sales breakdown: 30% of the Plastic & Rubber sector's sales are
Household Products, 23% - Agriculture, 16% - Packaging, 9% - Building sector,
9% Industry, 5% Furniture, 4% - Compounds (rest is to other fields).
According to the
Central Bureau of Statistics, import of Plastic and Rubber raw material for the
local industry in 2012 summed up to NIS 9,037 million, 6% increase from 2011,
keeping the growth trend from 2010 and 2009, though in a well lower pace.
Notwithstanding the refusal to disclose
financial details, considered good for trade engagements.
Notes:
1. The address you gave (6 Habsor
Street, Shoham) is Hilik Oron's private residence.
2. 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.59.70 |
|
|
1 |
Rs.92.25 |
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Euro |
1 |
Rs.78.38 |
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 |
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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.