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Report Date : |
20.03.2013 |
IDENTIFICATION DETAILS
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Name : |
B.P. PROJECTS INSULATION LTD. |
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Formerly Known As : |
S LADY LTD. |
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Registered Office : |
P.O. Box 160 (7710101) 36 Hayozma Street Northern Industrial Zone Ashdod 7752470 |
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Country : |
Israel |
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Date of Incorporation : |
18.01.1988 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturers, importers and marketers of piping & boiler insulation (heat & cold), air conditioning piping insulation, as well as erecting cold storages and industrial structures from insulating panels, and fire protection and treatment of dangerous substances (such as asbestos). |
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No. of Employees : |
80 |
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 : |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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. It depends on
imports of crude oil, grains, raw materials, and military equipment. Cut
diamonds, high-technology equipment, and agricultural products (fruits and
vegetables) are 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. 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. 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
BP INSULATION
INDUSTRIES LTD.
Correct Name: B.P. PROJECTS INSULATION LTD.
Telephone 972 8 856 03 56; 860 68 29
Fax 972 8 856 39 48
P.O. Box 160
(7710101)
36
Hayozma Street
Northern
Industrial Zone
ASHDOD 7752470 ISRAEL
A private limited company, incorporated as
per file No. 51-126653-8 on the 18.01.1988.
Originally registered under the name S LADY
LTD., which changed to the present name on the 25.02.1988.
Authorized share capital NIS 2,640.00,
divided into: -
640
management shares (36 shares issued),
2,000
ordinary shares (102 shares issued), all of NIS 1.00 each,
of which shares amounting to NIS 138.00 were
issued.
1. Ori
Schneider, 67%,
2. Giora
Raz, 33%.
Giora Raz.
Ori Schneider.
Manufacturers, importers and marketers of piping
& boiler insulation (heat & cold), air conditioning piping insulation,
as well as erecting cold storages and industrial structures from insulating
panels, and fire protection and treatment of dangerous substances (such as
asbestos).
Among clientele: TNUVA, ISRAELI ELECTRIC
CORP., Ministry of Defense, NESHER ISRAEL CEMENT ENTERPRISES, OIL REFINERIES,
ISRAEL PETROCHEMICAL ENTERPRISES, DEAD SEA WORKS, STRAUSS, SHUFERSAL, and many
more.
Sole local representatives of:
IZOPOLI, of Turkey.
Operating from a rented large premises
(based on our past – some 3,000 sq. meters), in 36 Hayozma Street, Northern
Industrial Zone, Ashdod.
Having 80 employees.
Financial data not forthcoming.
There are 2 charges for unlimited amounts, as well as 1 charge for the
sum of NIS 50,000.00 registered on the company's assets (financial assets), in
favor of Bank Hapoalim Ltd. (last charge placed January 2013).
Sales figures not forthcoming.
Bank Hapoalim Ltd., Ashdod Business Branch
(No. 399), Ashdod, account
No. 122222.
A check with the Central Banks' database did not reveal any negative
information regarding subject's a/m account.
Nothing unfavorable learned.
Subject's officials refused to disclose
financial data.
Subject is a veteran business, and its
clientele are among the leading industries in their fields. In its company
web-site (www.bidud.co.il)
it is mentioned that they have 45 years experience (i.e. late 1960s). We did
not find indication in our that subject continues a former form of business
activities, but it is possible it does, or its shareholders have experience
prior to subject's incorporation.
Subject is ISO 9002 certified.
Despite the current general weakness in
local markets (negatively affected by the global economy), 2011 ended with
significantly improved economic indicators compared to 2010 in terms of gross domestic
investment in machinery and other equipment for the manufacturing industry (excl. ships & aircrafts). Central Bureau
of Statistics data reveals that investments -both from import and domestic
production- of machinery & equipment rose by over 35% from 2010 (in 2010 it
rose by some 10% from 2009, after it fell by 19% from 2008). Total gross
domestic investment in machinery & equipment from import alone, rose in
2011 by 52% from 2010 (12% rise in 2010 after falling in 2009 by almost 23%).
Import of investment products - machinery
and equipment segment - for the local industry rose in 2012 by 2% from 2011,
reaching NIS 26,529.2 million (in $ currency terms, import fell by 5%).
Notwithstanding the refusal to disclose
financial details, considered good for trade engagements.
Note: Since the beginning of 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
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Indian Rupees |
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US Dollar |
1 |
Rs.54.26 |
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|
1 |
Rs.81.93 |
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Euro |
1 |
Rs.70.21 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
-- |
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.