MIRA INFORM REPORT
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Report Date : |
24.05.2013 |
IDENTIFICATION DETAILS
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Name : |
lead - times |
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Registered Office : |
20 Hagoren Street, Gedera 7070000 |
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Country : |
Israel |
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Date of Incorporation : |
January, 2009 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
A purchasing
agent from abroad for Israeli companies (metals, equipment, components, parts
and more), for the aviation, military, hi-tech and industrial markets |
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No. of Employees : |
Having 2 employees, Including Owner |
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 : |
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
|
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.
Source
: CIA
Company Name and Address
lead - times
Telephone 972 8 869 92 23
Mobile 972 54 808 53 77
Fax 972 8 869 92 25
20 Hagoren Street
GEDERA 7070000 ISRAEL
HISTORY & LEGAL FORMATION
A sole
proprietorship, established in January 2009.
Operating under Licensed Dealer No.
058094277.
The business is registered with the Tax
Authorities’ Files under the name of "KNAFO ESHEL".
OWNERSHIP
Eshel Knafo.
GENERAL MANAGER
Eshel Knafo.
BUSINESS
A purchasing agent
from abroad for Israeli companies (metals, equipment, components, parts and more),
for the aviation, military, hi-tech and industrial markets.
Subject also
imports trailers and communication carts.
Work is according
to orders.
Among clientele:
KAV RATZIF, Kibbutz Maagan Michael, HAGALIL TECHNOLOGIES, INTEL ISRAEL, ORION,
and more.
Local agencies of
(names are from subject's website, as Mr. Knafo did not provide us with this
data in our interview):
AMPHENOL, NEXT
GENERATION METALS, both of the USA.
Operating from
office premises at the owned private residence of Eshel Knafo, in 20 Hagoren
Street, Gedera.
Having 2
employees, including owner (In mid 2012 Eshel Knafo was the only employee, same
as in 2011).
MEANS
Subject holds no
stock.
Financial data not
forthcoming.
REVENUES
2012 revenues
claimed to be US$ 1,000,000.
BANKERS
Israel Discount Bank Ltd., Gedera Branch
(No. 112), Gedera, account
No. 016687.
A check with the Central Banks' database did not
reveal any negative information regarding subject's a/m account.
Postal Bank, Main
Branch (No. 001).
CHARACTER AND REPUTATION
Nothing unfavorable learned.
Eshel Knafo has
some 20 years experience in subject's line of business.
In April 2012
Subject's owner informs us that he was in advanced stages of negotiations with two
private investors who will invest in subject's activities, and subject intended
to convert to private limited company.
We are informed
that eventually the deal did not pull though.
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 : |
NIT |
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.