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Report Date : |
14.02.2014 |
IDENTIFICATION DETAILS
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Name : |
SKYLAND I.C.T. LTD. |
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Registered Office : |
1 Ben Gurion Road, B.S.R 2 Tower, Bnei Brak 5120149 |
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Country : |
Israel |
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Date of Incorporation : |
23.11.2011 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Subject is engaged in the International traders, local marketers in
the chemical field. |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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
|
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 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 |
SKYLAND I.C.T. LTD.
Telephone 972 73 799 78 76
Fax 972 73 799 78 20
1 Ben Gurion Road
B.S.R 2 Tower
BNEI BRAK 5120149 ISRAEL
A private limited company, incorporated as per file No. 51-469267-2 on
the 23.11.2011.
Authorized share capital NIS 10,000.00, divided into -
10,000 ordinary shares
of NIS 1.00 each,
of which 1,000 shares amounting to NIS 1,000.00 were issued.
1. SKYLAND HOLDINGS LTD.,
75%, fully owned by Shmuel Gommer,
2. IMPEXA LTD., 25%, owned
by Alex Yaakobi.
1. Shmuel Gommer, General
Manager,
2. Alex Yaakobi.
International traders, local marketers in the chemical field.
Sales are from stock, according to orders.
Among clientele: TAMBOUR, HADERA PAPER, SOLEL BONEH, ADAMA AGRICULTURAL
SOLUTIONS, CHEMOCRETE, and more.
Operating from office premises, owned by SKYLAND HOLDINGS, on an area of
250 sq. meters, in 1 Ben Gurion Road, B.S.R 2 Tower, Bnei Brak. Premises also
serve sister company SKYLAND INTERNATIONAL.
Having 5 employees in subject and 10 employees serving the Group (same
as in the end of 2012).
Financial data not forthcoming.
Work is according to orders.
There are no charges registered on the company's assets.
2012 sales claimed to be NIS 20,000,000.
2013 sales claimed to be NIS 20,000,000.
SKYLAND HOLDING LTD., parent company, fully
owns:
SKYLAND INTERNATIONAL LTD., incorporated in 2005, operating in same
line as subject, to different clientele.
SKYLAND LTD., incorporated in 2000,
international forwarders, mainly from and to the former Soviet Republic states.
IMPEXA LTD., co-parent company.
Bank Leumi Le'Israel Ltd., Ramat Hachayal Business Branch (No. 682), Tel
Aviv.
Nothing unfavorable learned.
According to the Central Bureau of Statistics, import of chemical
raw materials for the local industries in 2013 plunged 15% from the previous
year, reaching NIS 16,759 million (in $ terms fall was less: 9%). That
represents a reverse in trend after in 2012 import increased by 21% from 2011
(in NIS currency terms), and over 10% rise in each of the years 2011 and 2010,
as the markets recovered from the crisis in 2009.
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.62.27 |
|
|
1 |
Rs.103.47 |
|
Euro |
1 |
Rs.84.87 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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 |
|
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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.