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Report Date : |
14.02.2014 |
IDENTIFICATION DETAILS
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Name : |
R. SHEM TOV (2001)
LTD. |
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Registered Office : |
6 Sachlav Street Western Industrial Zone Ariel 4070000 |
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Country : |
Israel |
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Date of Incorporation : |
29.01.2001 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Importers and
marketers of foodstuff (olive oil, dry foodstuff, legumes). |
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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 |
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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
|
Source
: CIA |
R. SHEM TOV (2001) LTD.
Telephone 972 3 906 85 38
Mobile 972 50 553 90 35 (Ronen Shem Tov)
Fax 972 3 906 81 83
6 Sachlav Street
Western Industrial
Zone
ARIEL 4070000 ISRAEL
A private limited
company, incorporated as per file No. 51-307203-3 on the
29.01.2001.
Authorized share
capital NIS 39,100.00, divided into -
39,100 ordinary shares of NIS 1.00 each,
of which 100 shares
amounting to NIS 100.00 were issued.
Subject is fully owned
by Ronen Shem-Tov.
Ronen Shem-Tov.
Importers and
marketers of foodstuff (olive oil, dry foodstuff, legumes, etc.).
Operating from
premises in 6 Sachlav Street, Western Industrial Zone, Ariel.
Number of employees
not forthcoming, believed to be few.
Financial data not
forthcoming.
There are 16 charges for unlimited amounts registered on the company's assets (financial assets, fixed assets and vehicles), in favor of Bank Leumi Le'Israel Ltd., Israel Discount Bank Ltd., Bank Hapoalim Ltd., Mercantile Discount Bank Ltd. and The First International Bank of Israel Ltd. Last charges placed in 2011 (financial assets), in 2012 (3 charges, 2 on financial assets and 1 on a vehicle), and in January 2013 (on a vehicle). Previous charges are from 2007 or before.
Sales figures not
forthcoming.
According to our:
Bank Hapoalim Ltd.,
Central Business Branch (No. 600), Tel Aviv, account
No. 625021.
A check with the
Central Banks' database did not reveal any negative information regarding
subject's a/m account.
Israel Discount Bank
Ltd., Main Tel Aviv branch (No. 010), Tel Aviv.
Since we could not
speak to subject's General Manager, we could not confirm a/m bank data.
Nothing unfavorable
learnt.
Despite our efforts, we were unable to speak with subject's officials,
as they were always unavailable. We left messages which so far remain
unanswered. We called Ronen Shem-Tov's
mobile phone as well however received no answer.
According to our,
subject operated a branch in 48 Levinsky Street, Tel Aviv. Subject's secretary
refused to confirm a branch in Tel Aviv, though she told us that subject does
not have anything in 11 Sayfan Street, Tel Aviv.
Based on 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.
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.
Considering the refusal
to disclose details, dealings are recommended on fully secured basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.27 |
|
|
1 |
Rs.103.47 |
|
Euro |
1 |
Rs.84.87 |
INFORMATION DETAILS
|
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.