|
Report Date : |
13.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
CAFÉ HAGALIL |
|
|
|
|
Registered Office : |
P.O. Box 341, Main Road, Maghar 2012800 |
|
|
|
|
Country : |
Israel |
|
|
|
|
Date of Incorporation : |
1980. |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Operating a coffee processing plant, marketers of coffee. |
|
|
|
|
No. of Employees : |
6 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 |
|
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 |
Correct Name: CAFÉ
HAGALIL
Telephone 972 4 678 04 81
Mobile 972
54 750 59 55
Fax 972
4 678 04 81
P.O. Box
341
Main Road
MAGHAR
2012800 ISRAEL
A sole proprietorship, established in 1980.
Operating under Licensed Dealer No. 05968504.
The business is registered with the Tax Authorities’ Files under the
name of "TANNOUS MOUNIR".
Mounir Jamil Tannous.
Mounir Jamil Tannous.
Operating a coffee processing plant, marketers of coffee.
All sales are local.
Import is of coffee beans from Colombia, India and Brazil.
Operating from owned premises, on an area of 500 sq. meters, on Main
Road, Maghar Village (also known as 'Kfar Maghr', an Arab populated Local
Council in the country's north).
Having 6 employees.
Subject's General Manager informed us that stock level varies very much.
Financial data not forthcoming.
2012 sales claimed to be NIS 2,500,000.
2013 sales claimed to be NIS 3,000,000.
Arab Israel Bank Ltd. (AI Bank Ltd.),
Maghar Branch (No. 004), Maghar.
Nothing unfavorable learned.
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.
After several years of constant growth, the consumer
products market, which includes food, beverages and household and personal care
goods, ended 2012 with fixation and even decrease in sales, according to Nilsen Market
Research. The decrease intensified over the last quarter of 2012, but was
compensated by prices rise. In money terms, the market grew by mere 0.7%, lest
than the population growth rate (2% per annum), reflecting the slow-down trend
in the local economy which started in 2011 2nd half. Sales in the
bar-coded consumer market reached NIS 40.4 billion. Sales of food in 2012 grew
by 1.1%, reaching NIS 29.8 billion, while in the beverage market sales fell by
2% to NIS 5.1 billion. Volume of personal care
goods rose by 3% to NIS 3 billion, while sale of household increased by 1.5% to NIS 2.7 billion.
Local food industry employs directly 62,000
workers in some 1,550 plants, 72% of which are considered small plants (with
sales of up to NIS 10 million).
According to Central Bureau of Statistics
(CBS) data, investments in machinery & equipment from import for the food
industry in 2012 fell 21% from 2011 and summed up to NIS 559 million (after 61%
increase in 2011), while investments in machinery & equipment from import
for the beverage & tobacco industries rose in 2012 by 12% to NIS 334
million (in 2011 it fell by 4.7%).
The Central Bureau of Statistics data shows that import of raw food products to Israel in 2012 summed up to NIS 9,135.6
million, 2.7% decrease from 2011 (marked a 9.8% decrease in $ terms). That
represented a reverse trend from the previous couple of years, when it rose in
both years in around 20%.
The negative trend continued into 2013, with
import of raw food products falling by 6.6% in the first 10 months of
the year compared to the parallel period in 2012, reaching NIS
7,355.7 million.
Over 50% of import is from the EU.
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.61.94 |
|
|
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.31 |
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 |
|
---- |
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.