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Report Date : |
05.04.2014 |
IDENTIFICATION DETAILS
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Name : |
SIMPLE DESIGN |
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Registered Office : |
27 Habanai Street Industrial Zone Holon 5885706 |
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Country : |
Israel |
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Date of Incorporation : |
2008 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importers and marketers of household goods and
decorations, as well as lighting elements, for home design. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
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 : |
Unknown |
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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
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Israel |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 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.
Source
: CIA
SIMPLE DESIGN
Telephone 972 52 636 63 61
972 50 679 99 28
Fax 972 3 550 99 77
27 Habanai Street
Industrial Zone
HOLON 5885706 ISRAEL
A sole proprietorship, established in 2008.
Operating under Licensed Dealer No. 025357864.
The business is registered with the Tax Authorities’ Files under the name of "LAHAV RONEN".
Ronen Lahav
Ronen Lahav, born 1973.
Importers and marketers of household goods and decorations, as well as lighting elements, for home design.
Sales are to shops countrywide.
Operating from premises in 27 Habanai Street, Industrial Zone, Holon.
Number of employees not forthcoming.
Financial data not forthcoming.
Sales figures not forthcoming.
AUTOLAHAV LTD., sister company, incorporated in 2001, operating in supply of vehicle spare parts. Operating from same premises as subject.
Bank data not forthcoming.
Nothing unfavorable
learned.
Subject’s official refused to disclose data besides general business activity.
From the Central Bureau of Statistics National Accounts for 2013, it turns that expenditure by local households on private consumption grew by 3.7% from 2012, after rising by 3.2% in 2012 and by 3.8% in 2011.
Per-capita private consumption expenditure increased by 1.8% (1.4% in 2012).
According to CBS,
import of consumer goods in 2013 marked a 2.2% increase continuing the rise of
1.9% in 2012 and 9.8% in 2011. Most of the rise was in durable goods (4.1%),
which comprising some 40% of the import volume, while import in durable goods
rose by mere 0.9% from 2012. Main rise derived from import of Household
Utensils in 2013 which rose by 2.5% from 2012, summing up to NIS 2,546 million
(in NIS terms, 9.5% in $ terms), after 1.7% in 2012.
Considering the refusal to disclose data, dealings are recommended on secured basis.
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.60.32 |
|
|
1 |
Rs.100.04 |
|
Euro |
1 |
Rs.82.65 |
INFORMATION DETAILS
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Analysis Done by
: |
SUM |
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|
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|
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.