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Report Date : |
16.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
ALI SALAME |
|
|
|
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Registered Office : |
P.O. Box 3340 Industrial
Zone Yarka 2496700 |
|
|
|
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Country : |
Israel |
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|
|
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Date of Incorporation : |
1992 |
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|
|
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Legal Form : |
Sole Proprietorship |
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|
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Line of Business : |
Importers, marketers
and wholesale dealers in working tools, hardware and other technical supplies. |
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|
|
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No. of Employees : |
40 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
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
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Israel |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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
SALAME ALI SALIMAN
Correct Name: ALI SALAME
(Also known as ALI SALAME TOOLS & HARDWARE
MARKETING,
and RANATOOLS)
Telephone
972 4 999 62 03 /4
Fax
972 4 996 23 30
Email:
aly@ranatools.com
P.O.
Box 3340
Industrial
Zone
YARKA 2496700 Israel
A sole proprietorship,
established in 1992.
Operating under Licensed Dealer No. 053799417.
The business is registered with the Tax Authorities’ Files under the name of "SALAME ALI".
Ali Salame
Ali Salame, born in
1956.
Importers, marketers
and wholesale dealers in working tools, hardware and other technical supplies.
Sales are to stores,
having over 1,000 clients
Also operating a
retail store for the said goods in
Yarka for private clientele.
Sales of goods are
also under brand name "RANATOOLS".
Sole local
representatives of (among others):
KEDAS, HELCO, FOR-TE,
GOKOSIT, all of Germany,
BAVAN, MONDIAL, both
of Italy,
G-MAN, of Sweden.
Among clientele: TAMBOUR, ARGENTOOLS, WIZNER BUILDING & FENCING MATERIALS, and more.
Operating from owned
premises (office, retail store and warehouse), on an area of 1,000 sq. meters,
in Yarka (or Kfar Yarka), a locality in the country’s northern district,
northeast of Acre.
Ali Salame informed us
that he constructed a commercial building (owned) on total area of 5,400 sq.
meters in the Industrial Zone, Yarka (opposite Can'an Mall), to where subject
intends to move in April 2014.
Having 40 employees
(similar to the first half of 2013, had 30 employees in 2010/11).
Current stock is
valued at NIS 30,000,000.
Property owned by Ali Salame in the Industrial Zone, Yarka (where subject is currently operating from) was valued at US$ 1,000,000 in 2011.
Ali Salame informed us
that he invested NIS 25,000,000 in the construction of a/m commercial building
(to where they are going to move to).
2008 sales claimed to be NIS 30,000,000.
2009 sales claimed to be NIS 33,000,000.
2010 sales claimed to be NIS 33,000,000.
2011 sales claimed to
be NIS 50,000,000.
2012 sales claimed to
be NIS 50,000,000.
Projected 2013 sales
are NIS 50,000,000.
Arab Israel Bank Ltd. (AI Bank Ltd.), Yarka Branch (No. 033), Yarka, account No. 58700/41.
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.
From the Central Bureau of Statistics (CBS) data on gross imports of investment goods reveals that the segment of import of Tools, Implements & Accessories fell in the first half of 2013 by 8.5% comparing to 2012 1stH. In 2012 import of such summed up to US$ 1,166.6 million, 12.6% down from 2011.
CBS data indicates 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 5.3% in
2011).
The fall in 2013 and 2012 in investment could be explained by
the continuing unfavorable business environment, which is also negatively
affected by the slow-down in overseas markets.
Good for trade engagements.
Note: Since 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.63.06 |
|
|
1 |
Rs.101.15 |
|
Euro |
1 |
Rs.84.95 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
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.