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Report No. : |
354531 |
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Report Date : |
17.12.2015 |
IDENTIFICATION DETAILS
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Name : |
KODAN - MEDICAM MEDICAL SUPPLY &
TRAINING LTD. |
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Registered Office : |
P.O. Box 11046, Beit Shemesh 15 Hamelacha Street Har Tuv A Industrial
Zone Nocham Enterprises Har Tuv 9980101 |
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Country : |
Israel |
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Date of Incorporation : |
24.09.2001. |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers and marketers of medical equipment, mainly dispensable medical
equipment, bandaging products, respiration equipment, diagnostic
instrumentation, and first aid equipment, as well as machines, and medical
furniture and accessories. |
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No. of Employee : |
17 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Israel |
B1 |
B1 |
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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 2013, 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. Israel's economy also has weathered the Arab Spring because strong trade ties outside the Middle East have insulated the economy from spillover effects. Slowing demand domestically and internationally and reduced investment due to uncertainties caused by the Gaza conflict in summer 2014 have reduced GDP growth to about 2% during 2014. 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 expected to come online no sooner than 2017, but production from Tamar provided a one percentage point boost to Israel's GDP in 2013 and a 0.5% boost 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 and has started splitting up the oligopolies to address some of the grievances but has maintained that it will not engage in deficit spending to satisfy populist demands. 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 |
KODAN - MEDICAM MEDICAL SUPPLY & TRAINING
LTD.
Telephone 972 2 992 33 01
/2
Fax 972 2 992 33
04
Email: info@kodan-medicam.com
P.O. Box 11046, BEIT SHEMESH
15 Hamelacha Street
Har Tuv A Industrial Zone
NOCHAM ENTERPRISES HAR TUV 9980101 ISRAEL
A private limited
company, incorporated as per file No. 51-315106-8 on the 24.09.2001.
Subject was incorporated in order to merge the activities of 2 companies
which operated in the same line of activities:
1. MEDICAM EQUIPMENT SERVICES LTD. ( established in 1993),
2. KODAN MEDICAL EQUIPMENT MARKETING AND ASSISTANCE LTD. (established in
1988).
Originally registered
under the name KODAN - MEDICAM MEDICAL SUPPLY LTD., which changed to the
present name on the 23.03.2005.
Authorized share
capital of NIS 100.0,0 divided into:
100 ordinary shares
of NIS 1.00 each,
fully issued.
1. Daniel Kaufman, 50%,
2. Amnon Angoltz, 50%.
Daniel Kaufman.
1. Daniel Kaufman,
2. Amnon Angoltz.
Importers and marketers of medical equipment, mainly dispensable medical equipment,
bandaging products, respiration equipment, diagnostic instrumentation, and
first aid equipment, as well as machines, and medical furniture and
accessories.
Also providing home care services (supplying equipment), as well as first
aid, resuscitation and advanced emergency medicine courses (via 'Laviv –
Medical Training Center' Division).
Sales are to hospitals, HMO's, nursing homes, universities, companies, etc.
Among clientele: HDASSA MEDICAL CENTER, SHAARY TZEDEK HOSPITAL, CLALIT
HEATH SERVICES, MACCABI HEALTHCARE SERVICES, MEUCHEDET HEALTH FUND, LEUMIT
HEALTH FUND, Tel Aviv University, Hebrew University, HILEL YAFE HOSPITAL, TEVA
PHARMACEUTICALS, ZIV MEDICAL CENTER, SAREL LOGISTICS SOLUTIONS & PRODUCTS
According to our, sole local representatives of (among many):
TROGE MEDICAL, of Germany,
HEADSTAR MEDICAL, of Taiwan,
NARANG MEDICAL, RIBBEL INTERNATIONAL, both of India,
THAI CENTRI, MALA INTERTRADE, both of Thailand,
BASTOS VIEGAS, of Portugal,
RIXIN MEDICAL EQUIPMENT, YUE TAI FOREIGH TRADE, BOKANG INSTRUMENTS, all of
China.
Operating from rented premises, on an area of 1,200 sq. meters, in 15
Hamelacha Street, Har-Tuv A' Industrial Zone, Nocham Enterprises Har Tuv,
situated near Beit Shemesh.
Having 17 employees (had 20 employees in 2013).
Financial data not forthcoming.
There are 6 charge for unlimited amounts, as well as 1 charge for the sum
of NIS 300,000 registered on the company’s assets (financial assets, fixed
assets and vehicles), in favor of Bank Leumi Le'Israel Ltd. and companies (last 2 charge placed March-October 2015).
2014 sales claimed to be NIS 30,000,000.
2015 projected sales are expected to exceed NIS 30,000,000.
Bank Leumi
Le'Israel Ltd., King George Branch (No. 902), Jerusalem,
account No. 167200/98.
A check with the Central Banks' database did not reveal any negative
information regarding subject's a/m account.
According to a media report from March 2011, the Ministry of Health
instructed to collect a large quantity of disposable medical equipment imported
from China by subject, which allegedly had false safety approvals, for
checking. In the report, subject's officials claimed that the products only had
a wrong labeling, and that the matter is an attempt by a rival company to harm
subject. We found no further data on this matter.
Subject's officials refused to address 'articles in the newspaper'.
Apart from that, nothing unfavorable learned.
Subject is ISO 9001:2008 certified.
From the Central Bureau of Statistics (CBS)
data, imports to Israel in the segment of Medical Equipment in 2014 summed up
to US$ 93 million, up from US$ 91.5 in 2013 (US$ 78.5 in 2012). Imports in the
1st half of 2015 fell by 8% compared the 1st half of
2014.
Local consumption
market for medical and aesthetic electronic equipment and instrumentation was
estimated at over US$ 1 billion (sales by local manufacturers and from import),
based on the Ministry of Industry & Trade research in 2009.
According to the
Ministry of Economy survey in 2008, there are some 160 local companies
operating in the medical equipment field.
Good for trade
engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.85 |
|
|
1 |
Rs.100.58 |
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Euro |
1 |
Rs.73.16 |
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ILS |
1 |
Rs.17.12 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
ANK |
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.