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Report No. : |
348710 |
|
Report Date : |
16.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
RejwAN SHAUL |
|
|
|
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Registered Office : |
1 Ramat Motza Street, Jerusalem 9677221 |
|
|
|
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Country : |
Israel |
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|
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Year of Establishment : |
1988 |
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|
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Legal Form : |
Sole Proprietorship |
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|
|
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Line of Business : |
Importers and Marketers
of Baby Clothing (90% of activities), as well as Toys (10% of activities). |
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No. of Employees : |
20 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
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|
|
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
|
Source
: CIA |
REJWAN
Correct Name: RejwAN SHAUL
Telephone
972 3 722 44 01
972
50 240 20 05 (mobile Yael)
Email:
illinoistextile@aol.com
1
Ramat Motza Street
JERUSALEM
9677221 ISRAEL
A sole
proprietorship, established in 1988.
Operating under Licensed Dealer No.
027846641.
The business is registered with the Tax
Authorities’ Files under the name of "REJWAN SHAUL".
Shaul Rejwan.
1. Shaul Rejwan,
2. Mrs. Yael Rejwan Levin, sister of Shaul.
Importers and marketers
of baby clothing (90% of activities), as well as toys (10% of activities).
Sales are to
retail stores.
Among clientele:
BAZAR STRAUSS, OFFICE TEXTILE, SHAZAR, KOL BO SIMA, and more.
Sole local
representatives of:
BIG OSHI, of
Spain.
Operating from an
office at the private residence of Mrs. Yael Rejwan Levin, in 1 Ramat Motza
Street, Jerusalem, and from logistics center premises, on an area of 2,000 sq.
meters, in Ashdod, leased according to need.
Having 20
employees (had 7 employees in 2012).
Current stock is
valued at NIS 4,000,000.
Other financial
data not forthcoming.
2014 sales claimed
to be NIS 10,000,000.
2015 projected
sales are NIS 10,000,000.
BABY TIME INC., a US
company owned by Shaul Rejwan, operating in the baby cloths field, having 100
employees.
Bank Leumi Le'Israel Ltd., Mevaseret Zion Branch (No. 638), Mevaseret
Zion.
Nothing unfavorable learned.
Subject's owner, Shaul Rejwan, informed us that he resides in New
York, USA, and his sister Yael runs the business in Israel. He told us that he has other activities in the USA.
Rejwan family is a known family and considered very well-off, holding plenty
of real estate properties.
According to
sources in the branch, the local market for baby and small children products is
in volume of circa NIS 600 million annually.
According to a
report from August 2013, the local market for baby and small children products
is in volume of circa NIS 4 billion annually, of which some 50% is baby
products (cribs, carriages, seats, etc.).
According to a reports, 2014 retail toys sales were around NIS 1 billion,
of which some 60% by the 5 largest retail chains. The operating income is estimated
at 20%-25% of revenues.
There are some 850 - 900 toys shops spread around the country, 400 of which
belong to the large chains. The share of branded toys reaches NIS 300 million.
According to the report, 15% of toys are intended to infants (up to 1
year), 55% for 1-6 year olds, 23% for 6-12 year olds and 7% for 12 years and
up.
Good for trade
engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.14 |
|
|
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.71.26 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
|
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 |
|
|
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 |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
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 |
|
|
<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.