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Report No. : |
304974 |
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Report Date : |
30.01.2015 |
IDENTIFICATION DETAILS
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Name : |
DARABI JALAL |
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Registered Office : |
51 Matalon, Street Tel Aviv 6685602 |
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Country : |
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Year of Establisment : |
1984 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importers and marketers of foodstuff (mainly rice and tea, also goods
varies according to market demand). |
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No. of Employee : |
3 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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.
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 |
DARABI JALAL
Telephone 972
3 639 04 39
Mobile 972
50 535 33 32
Fax 972
3 639 04 39
51 Matalon Street
TEL AVIV 6685602 ISRAEL
A sole
proprietorship, established in 1984.
Operating under Licensed Dealer No.
017911983.
The business is registered with the Tax
Authorities’ Files under the name of "DARABI JALAL ".
Jalal Darabi.
Jalal Darabi.
Importers
and marketers of foodstuff (mainly rice and tea, also goods varies according to
market demand).
Operating from rented office premises, on an
area of 50 sq. meters, in 51 Matalon Street, Tel Aviv, and from bonded
warehouse (rented) in 45 Moshe Sharet Street, Azor according to need.
Having 3 employees, including owner (had 2 employees in end of 2013).
2013 sales claimed
to be NIS 4,000,000.
2014 sales claimed
to be NIS 4,000,000.
Bank Leumi Le'Israel Ltd., Migdal Aviv
Branch (No. 812), Tel Aviv.
Bank Hapoalim Ltd., Haaliya Branch (No. 503), Tel Aviv.
Nothing unfavorable learned.
Subject’s owner, Mr.
Jalal Darabi, refused to disclose financial data, besides sales figures.This is
a veteran business.
According to survey from 2013, the local food market, manufacturing, import
and trade, rolls NIS 80 billion per annum. There are some 1,700 food plants in
Israel (some also import) and hundreds of importers in the food, beverage and
consumer products, supplying raw materials and finished goods to the food
market.
According to StoreNext Market
Research survey, in 2014 sales in the FMCG bar-coded market noted 1.7% decrease
in terms of price (despite the decrease in the prices index), representing a
reverse in the rise trend in the last 3 years. The decrease in the quantity
aspect was milder – by 0.6%.
Food products sale witnessed 1.5% drop in
money terms and totaled NIS 29.09 billion, coping with slight quantity decrease
of 0.4%.
The volume of FMCG bar-coded market totaled
NIS 38.94 billion in 2014, and was divided into: 75% for food, 11% for
beverages (-2.7% in money summing up at NIS 4.24 billion, -2.8% in quantity),
and 7% for personal care goods (-3.8% in money summing up at NIS 2.72 billion,
-1.7% in quantity), and 7% for home care goods (-1% summing up at NIS 2.88
billion, though rose 1.4% in quantity).
According
to Central Bureau of Statistics (CBS), import of food and
beverages to Israel in 2014 reached NIS 7,687 million, an impressive rise by
10.7% from 2013, continuing the upward growth trend in the last years (0.7% in
2013, 14% in 2012).
From the CBS
preliminary National Accounts for 2014 on private consumption expenditure, it
turns that the current local households expenditure grew by 3.9% from 2013,
after rising by 3.3% in 2013 and by 3.2% in 2012. Expenditure on Food, Beverage & Tobacco increased in 2014
by 2.7% (after 3.7% rise in 2013, 3.2% in 2012).
Notwithstanding the refusal to disclose
financial data, considered good for trade engagements.
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.50 |
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|
1 |
Rs. 93.12 |
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Euro |
1 |
Rs. 69.33 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
ASH |
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.