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Report Date : |
05.04.2014 |
IDENTIFICATION DETAILS
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Name : |
RAM HARDWARE LTD. |
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Registered Office : |
P.O. Box 25060 (3125001) 43 Bar Yehuda Road Haifa 3262732 |
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Country : |
Israel |
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Date of Incorporation : |
05.07.2007 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers and marketers of metal accessories, hardware products, hand tools, doors and locks, for construction, industry, woodwork |
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No. of Employees : |
16 |
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 – September 30, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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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 since 2011 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 Tamar field started meeting all of Israel's natural gas demand in 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. In May 2013 the Israeli government, in a politically difficult process, passed an austerity budget to reign in the deficit and restore confidence in the government’s fiscal position
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Source
: CIA |
RAM HARDWARE LTD.
(Also known as RM HARDWARE and as RAM LOCK)
Telephone 972 4 866 23 69
Fax 972 4 867 87 42
Email: ram@ramlock.co.il
P.O. Box 25060 (3125001)
43 Bar Yehuda Road
HAIFA 3262732 ISRAEL
A private limited company, incorporated as per file No. 51-400117-1 on the 05.07.2007.
Authorized share capital NIS 50,000.00, divided into -
50,000 ordinary shares of NIS 1.00 each,
of which 100 shares amounting to NIS 100.00 were issued.
Subject is fully owned by Maurice Almadoi.
Maurice (Mor) Almadoi.
Importers and marketers of metal accessories, hardware products, hand tools, doors and locks, for construction, industry, woodwork, etc.
Operating brand name 'Spider'.
85% of purchase in import.
Sole local representative of:
RAMLOCK, of USA.
Operating from rented premises (offices, warehouse), on an area of 1,000 sq. meters, in 43 Bar Yehuda Road, Haifa Bay Zone, Haifa. Also using bonded warehouse facilities in Haifa according to need.
Having 16 employees.
Current stock is valued at NIS 4,500,000.
Other financial data not forthcoming.
There are 11 charges for unlimited amounts, as well as 2 charges for the total sum of NIS 160,000 registered on the company's assets (financial assets and vehicles), in favor of Bank Leumi Le'Israel Ltd., Bank Hapoalim Ltd., Israel Discount Bank Ltd., Bank Otsar Hahayal Ltd. and a leasing company (last 4 charges placed February-November 2013).
2012 sales claimed to be NIS 20,000,000.
2013 sales claimed to be NIS 30,000,000.
Subject's General Manager informed us on a significant increase in sales in 2013.
Bank Hapoalim Ltd., Or Akiva Branch (No. 673), Or Akiva, account No. 388999.
Bank Leumi Le'Israel Ltd., Kiryat Eliezer Branch (No. 877), Haifa, account
No. 17100/37.
A check with the
Central Banks' database did not reveal any negative information regarding
subject's a/m accounts.
Nothing unfavorable leaned.
Subject's owner and manager, Mor Almadoi, informed us that prior to establishing subject he owned a company named A.M.H. ZOHAR MARKETING LTD., which was sold to YTONG, a leading manufacturer of construction materials.
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 reveals that investments by the local manufacturing industries in machinery & equipment (M&E) in 2013 fell by 12% from 2012, after a decrease by 3% in 2012. Investments whose source was from import, which comprised 62% of total investment by the industries in M&E, fell by 21.5%, while investments whose source was from local manufacturing rose by 11.5% in 2013.
Gross Domestic Capital
Formation (investment) in machinery & other equipment in 2012 reached (in current prices) NIS 47,540 million, of
which NIS 33,336 million was from imports and NIS 14,204 miilion from domestic
production.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.32 |
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1 |
Rs.100.04 |
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Euro |
1 |
Rs.82.65 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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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 |
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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.