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Report No. : |
323706 |
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Report Date : |
25.05.2015 |
IDENTIFICATION DETAILS
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Name : |
LOBOPRINT LTD. |
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Registered Office : |
P.O. Box 8056,
26 Yad Harutzim Street, Park Siyim, Netanya 4250526 |
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Country : |
Israel |
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Date of Incorporation : |
27.07.1987 |
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Com. Reg. No.: |
51-121388-6 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Subject have printing mill, manufacturers and marketers of flexible
packaging, shrink sleeves and wrap-around reel-fed labels, for the food and
beverage industries |
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No. of Employee : |
40 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 |
LOBOPRINT LTD.
Telephone 972 9 865 80 90
Fax 972 9 865 80 89
Email: info@laboprint.co.il
P.O. Box 8056
26 Yad Harutzim Street
Park Siyim
NETANYA 4250526, ISRAEL
A private limited company, incorporated as
per file No. 51-121388-6 on the 27.07.1987.
Authorized share
capital NIS 2,640.00, divided into -
2,640 ordinary
shares of NIS 1.00 each,
of which 105
shares amounting to NIS 105.00 were
issued.
The Company is
fully owned by LOBOCOM LTD., owned by Oded Polig.
LOBOCOM used to
hold some 86% in subject, the rest owned by Eli Sachs. A year and a half ago
LOBOCOM became a 100% owner.
Oded Polig
Printing mill,
manufacturers and marketers of flexible packaging, shrink sleeves and
wrap-around reel-fed labels, for the food and beverage industries.
All sales are local.
Subject’s clientele includes leading companies in the local foodstuff industries,
such as: JAFORA-TABORI; TEMPO BEVERAGES (“Pepsi”), OSEM,
SODA CLUB, NEVIOT, CARLSBERG ISRAEL, STRAUSS ELITE, UNILEVER ISRAEL (TELMA),
CENTRAL BOTTLING CO. (Coca Cola Israel), etc.
Most purchases are imports, importing films for the printing works.
Among foreign suppliers: EXXONMOBILE CHEMICAL.
Among local
suppliers: DOR CHEMICALS, JOLIBAR FILMTECHNIC PROD
Operating from
rented premises, offices and plant, on an area of 5,000 sq. meters, in 26 Yad
Harutzim Street, Park Siyim, Netanya.
Note: Subject's
premises are located in the large Industrial Zone of Netanya, known as Sapir Industrial
Park, divided into Sapir Park North and Sapir Park South. Subject is located in
Sapir Park South, also known as Poleg Industrial Zone and/or Kiryat Nordau
Industrial Zone. Inside the industrial park, in subject's area, it is Park
Siyim.
Having 40
employees (similar to previous years).
Current stock is
valued at NIS 3,000,000 (similar to the previous years).
Other financial
data not forthcoming.
There are 6
charges for unlimited amounts registered on the company's assets (financial,
fixed and other assets), in favor of Mercantile Discount Bank Ltd. and 2
companies. Charges were placed in 2001 (1), and in 2013 (5).
2007 sales claimed
to be NIS 25,000,000.
2008 sales claimed
to be NIS 25,000,000.
2009 sales claimed
to be NIS 25,000,000.
2010 sales claimed
to be NIS 22,000,000.
2011
sales claimed to be NIS 23,000,000.
2012 sales claimed
to be NIS 25,000,000.
2013 sales claimed
to be NIS 25,000,000.
2014 sales claimed
to be NIS 25,000,000.
Bank Leumi Le’Israel
Ltd., Alonim Business Branch (No. 654), Tel Aviv, account No. 582000/60.
Bank Hapoalim
Ltd., Hayetzira Branch (No. 459), Netanya, account No. 18612.
Mercantile
Discount Bank Ltd., Givatayim Branch (No. 666), Givatayim, account No. 15583.
A check with the Central Banks' database did not reveal any negative
information regarding subject's a/m accounts.
Nothing
unfavorable learned.
In the past, local
suppliers reported prompt payments.
Subject is long
established, supplying to local leading companies in the food and beverage
industry. The local food and beverage industry has been growing in recent
years.
Subject is a
member of the Israeli Institute of Packaging & Products Logistics.
Investments in machinery
and equipment from import for the printing and publishing industries in 2012
summed up to NIS 518 million. In terms of quantity change (percent change on
previous year) it decreased by 15.6%, after in 2011 it rose by 2.3% from 2010.
There are over
21,000 employees serving in the local printing industry, employed in some 1,050
printing houses, 960 of which considered small.
Good for trade engagements.
Note: As we wrote
above, the Industrial Zone in which subject is situated, is known by few names
(somewhat confusing), hence "Kiryat Nordau" which you gave in the
address is also possible.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.57 |
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|
1 |
Rs.99.67 |
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Euro |
1 |
Rs.70.93 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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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 |
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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.