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Report Date : |
09.12.2014 |
IDENTIFICATION DETAILS
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Name : |
ARIZOT JERUSALEM (1987) LTD. |
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Registered Office : |
2 Yitaron Street Atarot Industrial Zone Jerusalem 9780101 |
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Country : |
Israel |
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Date of Incorporation : |
03.08.1987 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Traders, importers and marketers of foodstuff (dry food, canned food, flour, sugar). |
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No. of Employees : |
45 |
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, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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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. Cut diamonds, high-technology equipment, and
pharmaceuticals are among the leading exports. Its major imports include crude oil,
grains, raw materials, and military equipment. Israel usually posts sizable
trade deficits, which are covered by tourism and other service exports, as well
as significant foreign investment inflows. Between 2004 and 2011, growth
averaged nearly 5% per year, led by exports. 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. 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. The
economy has recovered better than most advanced, comparably sized economies, but
slowing demand domestically and internationally, and a strong shekel, have
reduced forecasts for the next decade to the 3% level. Natural gas fields
discovered off Israel's coast since 2009 have brightened Israel's energy
security outlook. The Tamar and Leviathan fields were some of the world's
largest offshore natural gas finds this past decade. The massive Leviathan
field is not due to come online until 2018, but production from Tamar provided
a one percentage point boost to Israel's GDP in 2013 and is expected to
contribute 0.5% growth in 2014. In mid-2011, public protests arose around
income inequality and rising housing and commodity prices. Israel's income
inequality and poverty rates are among the highest of OECD countries and there
is a broad perception among the public that a small number of
"tycoons" have a cartel-like grip over the major parts of the
economy. 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. Over the long term, Israel
faces structural issues, including low labor participation rates for its
fastest growing social segments - the ultra-orthodox and Arab-Israeli
communities. Also, Israel's progressive, globally competitive, knowledge-based
technology sector employs only 9% of the workforce, with the rest employed in
manufacturing and services - sectors which face downward wage pressures from
global competition
|
Source
: CIA |
ARIZOT JERUSALEM
(1987) LTD.
(In Latin: JERUSALEM PACKAGING (1987) LTD.)
Telephone 972 2 656 73 77
Fax 972 2 656 73 51
P.O. Box 45265 (9145101) 2 Yitaron Street Atarot Industrial Zone
JERUSALEM 978010 ISRAEL
A private limited company, incorporated as per file No. 51-121716-8 on the 03.08.1987, continuing a non-registered business activities which started many years beforehand.
Authorized share capital NIS 300,000.00, divided into -
300,000 ordinary shares of NIS 1.00 each,
of which 150,006 shares amounting to NIS 150,006.00 were issued.
1. Rahamim Amedi, 20%,
2. Haim Anav, 20%,
3. Abraham Amedi, 20%,
4. Yehezkel Anavim, 20%,
5. Rahamim Anavim, 20%.
1. Haim Anav, General Manager,
2. Yehezkel Anavim,
3. Rahamim Amedi,
4. Abraham Amedi,
5. Rahamim Anavim.
Traders, importers and marketers of foodstuff (dry food, canned food, flour, sugar, etc.).
30% of purchase is import.
Among clientele are supermarket chains, e.g. RAMI LEVY SHIVUK HASHIKMA, OSHER AD, ZOL VEGADOL, NETIV HAHESED, and more.
Among local suppliers: SHEMEN INDUSTRIES, VITA GALILEE FRUIT MARKETING, SUGAT, KIBBUTZ YAVNE, ZANLAKOL, OSEM, and more.
Operating from owned premises, on a built area of 3,000 sq. meters, in 2 Yitaron Street, Atarot Industrial Zone, Jerusalem, and from an additional warehouse, on an area of 800 sq. meters, in Atarot Industrial Zone, Jerusalem.
Having 45 employees (had 40 employees in 2011).
Current stock is valued at NIS 13,000,000.
Owned property in 2 Yitaron Street, Atarot Industrial Zone, Jerusalem (where subject is operating from), is valued at NIS 7,000,000.
There are 26 charges for unlimited amounts registered on the company's assets (financial assets, fixed assets, equipment and vehicles), in favor of Bank Leumi Le'Israel Ltd., Union Bank of Israel Ltd., Mizrahi Tefahot Bank Ltd., Bank Hapoalim Ltd. and companies (last charge placed April 2014).
2012 sales claimed to be NIS 62,000,000.
2013 sales claimed to be NIS 73,000,000.
2014 sales claimed to be NIS 75,000,000.
Mizrahi Tefahot Bank Ltd., Kanfei Nesharim Branch (No. 539), Jerusalem, account No. 253270.
A check with the
Central Banks' database did not reveal any negative information regarding subject's
a/m account.
Bank Hapoalim Ltd., Jerusalem Business Branch (No. 436), Jerusalem.
Nothing unfavorable learned.
Subject is a veteran business.
Subject may have assumed the activities of JERUSALEM TRADE (ANAVIM) LTD., established 1984, owned by subject's shareholders, which was struck off.
According to survey
from 2013, the local food market, manufacturing, import and trade, rolls NIS 80
billion per annum. There are some 1,700 food plants in Israel (some also
import) and hundreds of importers in the food, beverage and consumer products,
supplying raw materials and finished goods to the food market.
In 2013, there was a decrease in consumption of food products in the marketing markets in terms of quantity, which was halted in money terms due to prices rise.
The marketing chains reported on sharp drop (7.9%) in sales of foodstuffs in the first 2 months of 2014 in terms of quantity. The main reason for the trend is the continuous rise in cost of living in Israel, which cause the decrease in expenditure by consumers. There has been a recovery in the sale of food products in the following months, and food chains sales index marked a 3.3% rise in annual calculation.
According to Nilsen
Market Research survey of the consumer market for the first half of 2014, in
money terms, the market experienced an erosion, and stagnant in terms of
quantity, besides the beverage market, which presented a decrease. The volume
of FMCG bar-coded market totaled NIS 20.6 billion, and was divided into: 79%
for food (-0.5% in money terms, stagnant in quantity), 12% for beverages (-3.3%
in money, -1.9% in quantity), 7% for personal care goods
(-2.3%, stagnant in quantity), and 7% for home care goods (-3%, stagnant in
quantity).
According to Central Bureau of Statistics (CBS), import of food and beverages to Israel in 2013 reached NIS 6,946 million, rising by mere 0.7% (in NIS terms, 7.4% rise in $ terms), continuing the upward growth trend from 2012 (14% rise), 2011 and 2010. In the first 8 months of 2014 import increased by 8% compared to the parallel period in 2013 (by 13% in $ terms).
Good for trade engagements.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.61.93 |
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1 |
Rs.96.37 |
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Euro |
1 |
Rs.76.10 |
INFORMATION DETAILS
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Analysis Done by
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SUB |
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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.