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Report Date : |
21.11.2014 |
IDENTIFICATION DETAILS
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Name : |
EYECLICK LTD. |
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Registered Office : |
7 Bejerano Bros. Street, Publis House,
Ramat Gan 5232901 |
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Country : |
Israel |
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Date of Incorporation : |
23.01.2005 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Developers, manufacturers, exporters and marketers
of interactive out-of-home media displays which integrate into any open space
creating dynamic floor, wall, window, and table displays. |
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No. of Employees : |
30 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Israel |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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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. 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 |
EYECLICK LTD.
Telephone 972 3 600 55 61
Fax
972 3 600 55 62
Email: sales@eyeclick.com
7 Bejerano Bros. Street
Publis House
RAMAT GAN 5232901 ISRAEL
A private limited company, incorporated as
per file No. 51-364279-3 on the 23.01.2005.
Authorized share capital NIS 30,000.00, divided
into -
3,000,000 ordinary shares of NIS 0.01 each,
of which 2,501,041 shares amounting to NIS 25,010.41 were issued.
1. CUBIT
INVESTMENTS LTD., 32.1%, owned by Gamzu family,
2. Ariel
Almos, 30.6%,
3. Roy
Oron, 12.2%,
4. ANFIELD
LTD., 12.2%,
5. Avi
Segal, 5.6%,
6. Udi
Netzer, 2.5%,
7. Ofer
Arieli, 2.2%,
8. Guy
Gamzu, 2%,
9. Peter
Read, 0.6%.
1. Guy
Gamzu, Chairman,
2. Ariel
Almos, General Manager.
Developers, manufacturers, exporters and marketers
of interactive out-of-home media displays which integrate into any open space
creating dynamic floor, wall, window, and table displays.
Sales are to family entertainment centers,
Hotels and resorts, hospitals, malls and other consumer locations, restaurants,
museums, and more.
Almost 100% of sales are export.
Among clientele: DIDDALIDOO, JUMP 'N'
JUNGLE, Water’s Center for Children’s Cancer and Blood Disorders, SLINKEE’S,
Shriners Hospitals for Children in Springfield, and more.
Operating from rented premises, on an area
of 500 sq. meters, in 7 Bejerano Bros. Street, Publis House, Ramat Gan (to
where they moved from about a year ago from 3 Hataas Street, Ramat Gan),
and from US subsidiary's premises.
Having 30 employees.
Financial data not forthcoming.
There is 1 charge for an unlimited amount, as well as 3 charges for the
total sum of NIS 670,000 registered on the company's assets (financial assets
and fixed assets), in favor of Bank Hapoalim Ltd. and Bank Leumi Le'Israel Ltd.
(last 3 charges placed August-December 2013).
Sales figures not forthcoming.
We were informed by subjects accountant that
subject has 'nice' revenues
EYECLICK INC., 100%, ASA, US sales,
marketing and support company.
CUBIT INVESTMENTS LTD., owned by Gamzu
family.
Guy Gamzu, and Gamzu family (headed by Eli
Gamzu) also own:
ELI
GAMZU DIAMONDS LTD., incorporated 1986, polishers, importers and exporters of
cut diamonds.
Bank Leumi Le'Israel Ltd., Herzliya Business
Branch (No. 864), Herzliya.
Nothing unfavorable learned.
Subject's officials refused to disclose
financial data.
Notwithstanding the refusal to disclose financial
details, considered good for trade engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.10 |
|
|
1 |
Rs.97.32 |
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Euro |
1 |
Rs.77.91 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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|
Report Prepared
by : |
NIT |
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 |
-- |
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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.