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Report Date : |
05.10.2013 |
IDENTIFICATION DETAILS
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Name : |
S.A. ATARIM TECHNICAL SUPPLY LTD. |
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Registered Office : |
P.O. Box 1374, Hod Hasharon (4511202), 13 Modi'in Street, Sgula Industrial Zone, Petach Tikva 4927162 |
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Country : |
Israel |
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Date of Incorporation : |
03.01.1996 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers, traders and marketers of
products for the building sector, specializing in marble anchoring and
cladding solutions. |
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No. of Employees : |
Having 10 employees (had 9 employees in
the end of 2011). |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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) |
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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.A. ATARIM TECHNICAL SUPPLY LTD.
Telephone 972
3 603 30 00
Fax 972
3 603 19 98
P.O. Box 1374, HOD HASHARON (4511202)
13
Modi'in Street
Sgula
Industrial Zone
PETACH TIKVA 4927162 ISRAEL
A private limited company, incorporated as
per file No. 51-225572-0 on the 03.01.1996.
Authorized share capital NIS 28,000.00,
divided into -
28,000
ordinary shares of NIS 1.00 each,
of which 100 shares amounting to NIS 100.00
were issued.
Subject is fully owned by Uri Shalev.
Uri Shalev.
Ms. Hana Korach
Importers, traders and marketers of products
for the building sector, specializing in marble anchoring and cladding solutions.
85% of purchase is import.
Among clientele are construction companies:
DANYA CEBUS, ASHTROM GROUP, U DORI CONSTRUCTION, ZARFATI ZVI & SONS, and
more.
Among local suppliers:
ZABAR BARZEL, METAL WORKS (Petach Tikva),
BEIT MISHAR HASHAHAL.
Sole local representatives of (among
others):
ARTU, of Germany,
EXCALIBUR, of UK,
P.G.B., of Poland.
Operating from rented premises, on an area
of 500 sq. meters, in 13 Modi'in Street, Sgula Industrial Zone, Petach Tikva.
Having 10 employees (had 9 employees in the
end of 2011).
Current stock is valued at NIS 4,000,000
(same as in the end of 2011).
Other financial data not forthcoming.
There are 15 charges for unlimited amounts, as well as 2 charges for the
total sum of NIS 443,000.00 registered on the company's assets (financial
assets, fixed assets and vehicles), in favor of Bank Hapoalim Ltd., Mizrahi
Tefahot Bank Ltd. and leasing companies (last charge placed August 2013).
2009 sales claimed to be NIS 10,000,000.
2010 sales claimed to be NIS 11,000,000.
2011 sales claimed to be NIS 14,000,000.
2012 sales claimed to be NIS 14,000,000.
Sales for the first 9 months of 2013 claimed to be NIS 10,500,000.
Bank Hapoalim Ltd., Ayalon Branch (No. 558),
Tel Aviv, account No. 322778.
A check with the Central Banks' database did not reveal any negative
information regarding subject's a/m account.
Nothing unfavorable learned.
Among subject's clientele are the leading
local construction companies.
From the Central Bureau of Statistics, investments in construction for
dwelling in 2012 reached NIS 56.1 billion (which comprises 62% of total
investment in construction), higher by 6% (in real terms) from 2011.
Investments in construction not for dwelling (public institutions, commerce,
industry, etc.) and other construction works (e.g. roads, offices, industrial,
institutional), summed up to NIS 37 billion in 2012, a 2.5% rise from 2011.
Investments in infrastructures comprise 18% of total investments in construction.
The building sector indicators show ambiguous signs in recent periods.
Volume of building starts for dwelling (which is an indicator for the trend in
the building sector) in 2012 indicated a 13% decrease from 2011, reaching close
to 40,000 new apartments, though building starts in 2012 4th quarter
marked a 40% rise from the previous quarter. The decline in 2012 came after a
growth trend in building starts in the previous couple of years (9% in 2011 and
7% rise in 2009).
Number of dwellings transactions rose by 19% in 2012 from 2011 (when it
fell by 18% from 2010), in total of 102,600 transactions (rise in both new and
second-hand apartments). In the 1stQ of 2013 the number of transactions reached
25,500 - a 13% increase comparing to the parallel period in 2012, but a 11%
decrease from 4thQ 2012. It should be noted that the number of apartments
purchased for investment fell by 20%.
In terms of sale of new apartments, CBS data for the 1st half
of 2013 indicates a 19% rise.
Good for trade engagements.
Notes:
1. Subject
left Hod Hasharon, and only its P.O. Box remains there.
2. 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.41 |
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UK Pound |
1 |
Rs.99.29 |
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Euro |
1 |
Rs.83.68 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
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.