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Report Date : |
28.06.2013 |
IDENTIFICATION DETAILS
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Name : |
A.R.I.Z. IMPORT AND MARKETING OF FOOD LTD. |
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Registered Office : |
P.O. Box 4604 (4914502),
23 Alexander Yanai Street, Segula Industrial Zone Petach Tikva 4927723 |
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Country : |
Israel |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
19.02.1984 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers and marketers of packaged food raw materials (sugar, flour,
rice, etc.) for bakeries, candy plants, private labels, etc. |
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No. of Employees : |
Having 50 employees (same as in 2021 and 2011). |
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 – March 31st 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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.
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Source : CIA |
A.R.I.Z. IMPORT AND MARKETING OF FOOD LTD.
Telephone 972 3 931 61 16
Fax 972 3 934 41 16
Email: info@ariz.co.il
P.O. Box 4604 (4914502)
23 Alexander Yanai Street
Segula Industrial Zone
PETACH TIKVA 4927723
ISRAEL
A private limited company, incorporated as per file No. 51-101543-0 on the
19.02.1984.
Company took over the business activities of WEINTRAUB AVRAHAM LTD.,
established 1960.
Authorized share capital NIS 10.00, divided into -
9,900
ordinary shares (1,900 shares issued),
100 management shares
(issued), all of NIS 0.001 each,
of which shares amounting to NIS 2.00 were issued.
1. Avraham
Weintraub, 50% of management shares and 40% of ordinary shares,
2. Jacob
Antwarg, 50% of management shares and 30% of ordinary shares,
3. Mrs.
Raia Weintraub, wife of Abraham Weintraub, 30% of ordinary shares.
1. Avraham (Avi ) Weintraub,
2. Jacob Antwarg, Adv.
Importers and marketers of packaged food raw materials (sugar, flour, rice,
etc.) for bakeries, candy plants, private labels, etc.
Subject also imports and markets storage and packaging equipment.
Packaging activities are carried out by subject abroad.
Amongst suppliers: DAGAN FLOUR, SCHTIBL FLOUR, ROT FLOUR, DIZENGOFF TRADE,
L.D.S., etc.
Amongst clients: SHUFERSAL, THE CENTRAL BOTTLING CO (COCA COLA), ISRAEL BEER BREWERIES, MILCO INDUSTRIES (TARA DAIRIES), SCHKARACHI, RIO ICE CREAM, EINI BAKERY, ANGEL
BAKERY, DAGAN, HAGAVIA, KAPULSKY, GALAM, MAN, RIO ICE CREAM, HASHAHAR HAOLEH,
I. SHABI FOOD MARKETING, MANAMIM, etc.
Sole local representatives
of:
·
SUDZUCKER,
of Germany,
·
CAULET,
BOIRON, both of France,
·
CEPI, of
Italy.
Operating from premises, on an area of 7,000 sq. meters, of which 3,200 are
built (the built area is owned by subject, the plot is rented), in 23 Alexander
Yanai Street, Segula Industrial Zone, Petach Tikva.
Having 50 employees (same as in 2021 and 2011).
Current stock is valued at NIS 30,000,000 (similar to the end of 2012 and
mid 2011).
B/S shows: 31.12.2010
(NIS)
Current assets 50,413,530
Fixed assets 2,015,584
Investments 2,317,697
54,746,811
Current liabilities 48,837,589
Other liabilities 2,000,040
Non-current liabilities 2,487,403
Equity 1,421,779
54,746,811
There are 18 charges
for unlimited amounts, as well as 2 charges for the total sum of NIS 270,000.00
registered on the company's assets (financial assets, fixed assets and
vehicles), in favor of Bank Leumi Le'Israel Ltd., Union Bank of Israel
Ltd., Mizrahi Tefahot Bank Ltd., The First International Bank of Israel Ltd.,
Bank of Jerusalem Ltd. and companies (latest 4
charges placed in October 2012-January 2013).
2009 sales claimed to be NIS 132,000,000.
2010 sales claimed to be NIS 114,000,000, making
a net profit (after tax) of
NIS 1,617,323.
2011 sales claimed to be NIS 115,000,000.
2012 sales claimed to be NIS 152,000,000.
Sales for the 1st
half of 2013 claimed to be NIS 65,000,000.
·
M. A.
SUKOR TRADING CO. LTD.,
·
MAOR TRADE
D. A. (1994) LTD., 67%, marketing company in Haifa, having 20 employees, 2010
sales claimed to be NIS 40 million.
·
ADAMOT
KALANIT LTD., a real estate company controlled by subject’s shareholders,
·
A.R.I.Z.
MARKETING & SUPPLY OF RAW MATERIALS (1988) LTD., marketers of flour, oil
and sugar.
Mizrahi Tefahot
Bank Ltd., Hafetz Haim Branch (No. 465), Petach Tikva,
Account No. 293193.
A check with the central banks’ database did not reveal any negative
information regarding subject’s a/m account.
Nothing unfavorable learned.
Subject is a veteran business, well-known in its field.
After several years of
constant growth, the consumer products market, which includes food, beverages
and household and personal care goods, ended 2012 with fixation and even
decrease in sales, according to Nilsen Market Research. The decrease intensified
over the last quarter of 2012, but was compensated by prices rise. In money
terms, the market grew by mere 0.7%, lest than the population growth rate (2%
per annum), reflecting the slow-down trend in the local economy which started
in 2011 2nd half. Sales in the bar-coded consumer market reached NIS
40.4 billion. Sales of food in 2012 grew by 1.1%, reaching NIS 29.8 billion,
while in the beverage market sales fell by 2% to NIS 5.1 billion. Volume of personal care goods rose by 3% to NIS 3
billion, while sale of household increased by
1.5% to NIS 2.7 billion.
According
to Central Bureau of Statistics (CBS), import of food and
beverages to Israel in 2012 summed up to NIS 6,898 million, rising by 13.8% from
2011 (a 5.5% rise in $ terms), continuing the upward growth trend from 2011 and
2010.
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.
From the CBS National Accounts for 2012, it
turns that expenditure by local households on private consumption grew by 2.7%
from 2011, after rising by 3.8% in 2011. Expenditure on food, beverage & tobacco increased by 3.4% (after 4% rise in
2011).
Per capita
expenditure for private consumption on
non-durable goods rose in 2012 by 1.4% per-capita (1.3% rise in 2011). This
rise reflects increases by 1.3% in expenditure
on food, beverage & tobacco and 4.5% expenditure
on clothing, footwear and personal effects
Good for trade engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.60.59 |
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UK Pound |
1 |
Rs.92.92 |
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Euro |
1 |
Rs.78.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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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 |
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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.