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Report Date : |
05.07.2014 |
IDENTIFICATION DETAILS
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Name : |
ZIZ CONCEPT LTD. |
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Formerly Known as : |
ZIZ DESIGNING & DEVELOPING PRODUCTS LTD |
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Registered Office : |
10 Rabinzon Street, Petach Tikva 4956904 |
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Country : |
Israel |
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Date of Incorporation : |
May 2008 (Sole Proprietorship) 07.09.2009 (Private Limited Company) |
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Com. Reg. No.: |
51-432129-8 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturers (via workshop) and marketers of Altitude, Pressure, Safety and Evacuation Equipment |
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No of Employees : |
05 |
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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Maximum Credit Limit : |
US$ 10,000 |
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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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.
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Source : CIA |
ZIZ CONCEPT LTD.
Telephone 972 3 544 72 18
Fax 972 3 544 72 11
10 Rabinzon Street
PETACH TIKVA 4956904 ISRAEL
Originally established as a sole proprietorship in May 2008.
Converted into a private limited company and registered as such as per file No. 51-432129-8 on the 07.09.2009.
Originally established under the name ZIZ DESIGNING & DEVELOPING PRODUCTS LTD. which changed to the present name on the 13.07.2011.
Authorized share capital NIS 1,000,000.00, divided into -
1,000,000 ordinary shares of NIS 1.00 each,
of which 100 shares amounting to NIS 100.00 were issued.
Subject is fully owned by Yanir Nehemia.
Yanir Nehemia, born 1976.
Manufacturers (via workshop) and marketers of altitude, pressure, safety and evacuation equipment,
Among clientele: Israel Defense Force, Israel Fire and Rescue Services, THE ISRAEL ELECTRIC CORPORATION, MEKOROT WATER CO., Israel police, and more.
Operating from rented premises (offices, workshop), on an area of 160 sq. meters, in 10 Rabinzon Street, Petach Tikva.
Having 5 employees.
Current stock (of raw materials- straps, metals, etc.) is valued at NIS 300,000.
Other financial data not forthcoming.
There are no charges registered on the company's assets.
2012 sales claimed
to be NIS 1,000,000.
2013 sales claimed
to be NIS 1,600,000.
201 first 6 months
sales claimed to be NIS 1,200,000.
Bank Leumi Le'Israel Ltd., Ehad Haam Branch (No. 811), Tel Aviv, account No. 397600/59.
A check with the
Central Banks' database did not reveal any negative information regarding
subject's a/m account.
Nothing unfavorable learned.
Good for trade engagements.
Maximum unsecured credit recommended US$ 10,000.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.59.79 |
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|
1 |
Rs.102.66 |
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Euro |
1 |
Rs.81.32 |
INFORMATION DETAILS
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Analysis Done by
: |
SUM |
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Report Prepared
by : |
MNL |
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 |
-- |
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.