MIRA INFORM REPORT
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Report Date : |
24.05.2013 |
IDENTIFICATION DETAILS
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Name : |
KAHOL LAVAN |
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Registered Office : |
18 Haifa Road Kiryat Ata 2822620 |
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Country : |
Israel |
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Date of Incorporation : |
2003 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importers and marketers of home textile (towels, bed ware, etc.). |
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No. of Employees : |
3 employees |
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 : |
Small Company |
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Payment Behaviour : |
Slow but Correct |
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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 |
Company name and address
KAHOL LAVAN
Telephone 972 4 844 48 94
Mobile 972 52 261 00
95
Fax 972 4 842 14
95
18 Haifa Road
Kiryat Ata 2822620 Israel
HISTORY & LEGAL FORMATION
A sole proprietorship, established in 2003.
Operating under Licensed Dealer No. 033605593.
The business is registered with the Tax Authorities’ Files under the
name of "TZAFRIR TOMER".
OWNERSHIP
Tomer Tzafrir.
GENERAL MANAGER
Tomer Tzafrir, born 1976.
BUSINESS
Importers and marketers of home textile (towels, bed ware, etc.).
Among clientele: HOUSE, SHUFERSAL, HOME CENTER, Ministry of Defense,
Israel Prison Authority, and more.
Operating from rented premises, on an area of 240 sq. meters, in 18
Haifa Road (or "Derech Haifa" in Hebrew), Kiryat Ata.
Having 3 employees, including owner.
MEANS
Current stock is valued at NIS 1,000,000.
Other financial data not forthcoming.
REVENUES
2011 sales claimed to be NIS 6,000,000.
2012 sales claimed to be NIS 6,000,000.
BANKERS
Bank Hapoalim Ltd., Hamifratz Branch (No. 791), Haifa.
CHARACTER AND REPUTATION
Nothing unfavorable learned.
According to Central Bureau of Statistics (CBS), import of consumer
goods in 2012 marked a 1.9% increase continuing the rise of 9.8% in 2011. Most
of the rise was in durable goods (by 9.6%), which comprising some 40% of the
import volume, while import in durable goods decrease by 7.3% from 2011.
Import of Household Utensils in 2012 rose merely by 2% from 2011,
summing up to NIS 2,484 million (although in $ terms import fell by 6%). In
2011 import rose by around 3% from 2010.
The local household products market is considered highly competitive
after reaching market saturation. It includes household textile, tableware and
kitchenware and utensils, bath accessories and ornaments &decorative items,
ceramic and glass ware, etc. According to estimations, the local household
products market volume reaches NIS 2.5 – 3 billons annually (of which circa NIS
1 billion for “home textile”), and includes retail, wholesale, institutional
markets (Retail chains capture 30% of the market share, specialization stores
20%, while the institutional and workers unions sector has 50% share).
SUMMARY
Good for trade engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.99 |
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|
1 |
Rs.84.19 |
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Euro |
1 |
Rs.71.86 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.