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Report No. : |
329466 |
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Report Date : |
08.07.2015 |
4IDENTIFICATION DETAILS
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Name : |
S-D FASHION – SHALOM DANIEL |
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Registered Office : |
25 Ra'anan Street, TEL AVIV 6609621 |
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Country : |
Israel |
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Year of Established: |
1970 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Subject Importers
and marketers of working apparel and representative clothing. |
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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 : |
Small Company |
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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) |
|
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 |
S-D FASHION –
SHALOM DANIEL
(Also known as RUSSINI FASHION)
Telephone 972 3
682 87 20
Fax 972 3
682 30 63
Email: ussini@zahav.net.il
25 Ra'anan Street, TEL AVIV 6609621 ISRAEL
A sole
proprietorship, established in 1970.
Operating under
License Dealer No. 047172168,
The business is
registered with the Tax Authorities’ Files under the name of "SHALOM
DANIEL".
Shalom Daniel.
Shalom Daniel,
born 1946.
Importers and
marketers of working apparel and representative clothing.
Also proving allied
services: design, graphics, embroidery and printing of logos.
Using brand name
"Russini".
All purchasing is
from import, mostly form China.
Sales are to large
corporate clients, including security, guarding and maintenance companies,
catering companies, factories, etc.
Among clientele:
LAOVED, JERUSALEM KNITWEAR, ORLAN, and more.
Operating
from key money premises (offices and workshop), on an area of 300 sq. meters,
in 23-25 Ra'anan Street, Tel Aviv.
Having 3 employees.
Financial data not forthcoming.
2013/2014 annual sales claimed to be several
NIS millions.
Bank Leumi LeIsrael Ltd., Rothschild Blvd.
Branch (No. 100), Tel Aviv.
Nothing
unfavorable learned.
Subject's officials
refused to disclose financial data.
This is a veteran
business. In the past subject used to be engaged in manufacturing also, however
due to the operating of the local markets to import following the drastic
lowering of custom duties, most manufacturing was shifted to the Far East.
To-date, subject imports all textiles from foreign sewing plants.
The local
institutional /professional apparel and uniforms market rolls NIS 300 million
per annum, based on sources in the branch from 2014.
According to the
Central Bureau of Statistics (CBS), import of Clothing and Footwear in 2014
increased by 8.3% (in NIS terms, rose by 9.5% in $ terms), summing up to NIS
7,421.6 million. This comes after in 2013 import rose by mere 0.9% from 2012,
but rose by 13% in 2012.
Most import comes
from China. Main other countries of origin for textile goods are France, Italy,
Hong Kong and Turkey, Spain and the U.S.A.
Good for trade engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.63.37 |
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|
1 |
Rs.98.86 |
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Euro |
1 |
Rs.69.97 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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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 |
|
-- |
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.