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Report Date : |
19.09.2014 |
IDENTIFICATION DETAILS
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Name : |
SKYLAND I.C.T. LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
23.11.2011 |
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Com. Reg. No.: |
51-469267-2 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
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 |
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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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
|
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
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Indian Rupees |
|
US Dollar |
1 |
Rs.61.05 |
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1 |
Rs.99.55 |
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Euro |
1 |
Rs.78.57 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.