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Report Date : |
02.04.2014 |
IDENTIFICATION DETAILS
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Correct Name : |
SYNERGY INPUT FOR ANIMALS LTD. |
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Registered Office : |
Beer Tuvia 8381500 |
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Country : |
Israel |
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Date of Incorporation : |
13.03.2005 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturers, importers and marketers of pet food (mainly bird and
rodents – hamsters, guinea pigs). |
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No. of Employees : |
05 |
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 : |
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) |
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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 |
SYNERGY INPUT FOR ANIMALS LTD.
RE: SYNERCY
ANIMAL INPUTS LTD
Telephone 972 8 858 08 08
Fax 972 8 850 36 46
Email: info@synergypet.co.il
BEER
TUVIA 8381500 ISRAEL
A private limited company, incorporated as
per file No. 51-366603-2 on the 13.03.2005.
Authorized share capital NIS 1,000,000.00,
divided into - 1,000,000 ordinary shares of NIS 1.00 each, of which 1,000
shares amounting to NIS 1,000.00 were issued.
1. MAPET
LTD., 50%, owned by Ori De-Levy and Elik Kasseh,
2. Ophir
Dagan, 25%,
3. Amos
Dagan, 25%, father of Ophir.
1. Ophir
Dagan, general Manager,
2. Elik
Kasseh
Manufacturers, importers and marketers of
pet food (mainly bird and rodents – hamsters, guinea pigs).
All sales are local.
Sales are to pet store, zoos, commercial
breeders, pet owners, zoological gardens, etc.
Distribution is also carried out by MAPET.
Operating from premises, owned by Ophir
Dagan, on an area of 1,000 sq. meters, in Beer Tuvia village (“Moshav Beer
Tuvia”, where “moshav” is a local typical village or settlement, in particular
a type of cooperative agricultural community of individual farms).
Having 5 employees.
Had 25 employees in DAGAN Group (subject,
SIGMA GRAINS TRADING, SIGMA GRAINS HOLDINGS and DAGAN GRAINS & SEEDS) as of
mid 2012.
Financial data not forthcoming.
There are 2 charges for unlimited amounts registered on the company's
assets (all assts), in favor of Bank Leumi Le'Israel Ltd. (both charges placed
April 2008).
Sales figures not forthcoming.
MAPET Group
MAPET LTD., established 1986, importers and marketers of pet food and pet related
products, local sole representatives and distributors of TECHNICAL, TUFFYS,
etc.
AYALOT
AGRICULTURAL PRODUCTS LTD., owned by Ori De-Levy, growers of calves, importers
of milk powder for calves, as well as marketers of veal meat.
ARAVA LTD.
DAGAN Group
SIGMA GRAINS
TRADING LTD., foreign companies' representatives, importers and marketers of agricultural technical equipment for the food industry.
HOLDS 50% of SIGMA GRAINS HOLDINGS 2008 LTD. (other 50% held by MAPET), traders,
importers and marketers of grains, cereals, legumes, pulses and seeds
DAGAN GRAINS &
SEEDS LTD., providing logistic services in the fields of
grains, seeds, cereals and pulses, including cleaning
and sorting, trade facilities, providing technical equipment and machinery.
AMOS DAGAN, owned by Amos Dagan, holdings, operation of a farm in Beer Tuvia village
on an area of 50,000 sq. meters, with field crops and plantation.
Bank Leumi Le'Israel Ltd., MAIN Haifa Branch
(No. 876), Haifa.
Nothing unfavorable learned.
Subject's General Manager refused to
disclose financial data.
MAPET
is the 2nd largest pets food supplier in Israel (after MAABAROT
PRODUCTS).
According to researches, local pets market rolls close to NIS 2 billion per
annum. The pets food market is valued NIS 300 million (consumers' price).
Notwithstanding the refusal to disclose financial
details, considered 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.60.10 |
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|
1 |
Rs.99.85 |
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Euro |
1 |
Rs.82.58 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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 |
-- |
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.