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Report Date : |
01.03.2014 |
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Tel. No.: |
972 0 35588688 |
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Fax No.: |
972 0 35585001 |
IDENTIFICATION DETAILS
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Name : |
PASTEL OFFICE SUPPLIES LTD. |
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Registered Office : |
P.O. Box 1832 (5811702), 1 Timna Street,
Industrial Zone, Holon 5881304 |
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Country : |
Israel |
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Date of Incorporation : |
14.05.1991 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers and marketers of office equipment
and stationary. |
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No. of Employees : |
20 |
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, 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 since 2011 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
Tamar field started meeting all of Israel's natural gas demand in 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. 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.
|
Source
: CIA |
PASTEL OFFICE SUPPLIES LTD.
Telephone 972
3 558 86 88
Fax 972
3 558 50 01
Email: info@pastel.co.il
P.O. Box 1832 (5811702)
1 Timna Street
Industrial Zone
HOLON 5881304 ISRAEL
A private limited company incorporated as per
file No. 51-156976-6 on the 14.05.1991.
Authorized share capital NIS 15,000, divided
into –
15,000
ordinary shares of NIS 1.00 each,
of which 100 shares amounting to NIS 100.00 were
issued.
Herzl Cohavi, 50%,
Gideon Cohavi, 50%.
Herzl Cohavi,
Gideon Cohavi.
Importers and marketers of office equipment and
stationary.
90% of purchase is import.
Amongst clients: NESS TECHNOLOGIES, CLAL
INSURANCE, HAREL INSURANCE, HADAR, PHOENIX
Operating from rented premises, on an area of
1,200 sq. meters, in 1 Timna Street, Industrial Zone, Holon.
Having 20 employees.
Financial data not forthcoming.
There is 1 charge for an unlimited amount
registered on the company's assets (a vehicle), in favor of Israel Discount
Bank Ltd. (charge placed August 2012).
Sales data not forthcoming.
Israel Discount Bank Ltd., Tel Aviv City Branch
(No. 014), Tel Aviv.
Mizrahi Tefahot Bank Ltd., Holon Industrial Zone
Branch (No. 419), Holon.
Nothing unfavorable learned.
Subject's General Manager refused to disclose
financial data.
Subject is a veteran business.
Notwithstanding the refusal to disclose financial details, considered
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.62.07 |
|
|
1 |
Rs.103.61 |
|
Euro |
1 |
Rs.85.03 |
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.