MIRA
INFORM REPORT
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Report Date : |
10.05.2013 |
IDENTIFICATION DETAILS
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Name : |
S. AMIR
INDUSTRIAL EQUIPMENT LTD. |
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Formerly Known As : |
"SAI - S. AMIR INDUSTRIAL
SERVICES". |
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Registered Office : |
P.O.
Box 15169, 19 Hahistadrut Street, Azor 5800310 |
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Country : |
Israel |
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Date of Incorporation : |
April 1997 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importers and marketers of machinery and
equipment for the industry (metal cleaning machines,
and more). |
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No. of Employees : |
around 10 or
less |
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) |
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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 |
S. AMIR INDUSTRIAL EQUIPMENT LTD.
Telephone 972 3 558 50 33
Fax 972 3 558 50 36
P.O. Box 15169
19 Hahistadrut
Street
AZOR 5800310 ISRAEL
Originally established as a sole
proprietorship in April 1997 under the name "SAI - S. AMIR INDUSTRIAL
SERVICES".
Converted into a private limited company and
registered as such as per file
No. 51-387736-5 on the 21.09.2006.
Authorized share capital NIS 50,000.00,
divided into -
50,000
ordinary shares of NIS 1.00 each,
of which 1,375 shares amounting to NIS
1,375.00 were issued.
Subject is fully owned by Ms. Sarit Amir.
Ms. Sarit Amir.
Importers and marketers of machinery and equipment
for the industry (metal cleaning machines, and more).
Operating from premises in 19 Hahistadrut Street, Azor.
Number of employees not forthcoming,
believed to be around 10 or less.
Financial data not forthcoming.
There is 1 charge for an unlimited amount registered on the company's
assets (fixed assets), in favor of Bank of Jerusalem Ltd. (charge placed March
2009).
Sales figures not forthcoming.
Bank data not forthcoming.
Nothing unfavorable learned.
Subject's General Manager, Ms. Sarit Amir, the only authorized
person to disclose data on subject, is presently abroad and due back in a
week's time. We shall contact her upon her return and update you accordingly.
Central Bureau of Statistics data reveals
that investments by the local manufacturing industries -both from import and
domestic production- in machinery & equipment (M&E) in 2012 fell by 1%,
which comes after 41% rise in 2011. The investments originating from import,
which comprised 70% of overall investment in M&E, fell 3.8% (after 69% rise
in 2011), while investment originating from local production – rose by 6.2% in
2012 (fell b5 3% in 2011).
Gross
Domestic Capital Formation (investment) in machinery & other equipment in 2012 reached (in current prices) NIS 47,540 million, of
which NIS 33,336 million was from imports and NIS 14,204 miilion from domestic
production.
According to the
Central Bureau of Statistics, investments by the local industrial branch
in imported machinery and other equipment in 2012 witnessed almost 20% (in
current prices) decrease from 2011, after climbing by 108% in 2011 from 2010.
The fall in 2012 in investment could be explained by the continuing unfavorable
business environment, which is also negatively affected by the slow-down in
overseas markets.
Lacking data from subject's General Manager,
for the time being, dealings are recommended on secured basis.
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
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.54.24 |
|
UK Pound |
1 |
Rs.84.29 |
|
Euro |
1 |
Rs.71.36 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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 |
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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.