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Report No. : |
344069 |
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Report Date : |
14.10.2015 |
IDENTIFICATION DETAILS
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Name : |
ABOODY IMPORT AND EXPORT |
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Registered Office : |
P.O. Box 23018 (6123001) 34 Kibbutz Galuyot
Street Tel Aviv 6655018 |
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Country : |
Israel |
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Date of Incorporation : |
1986 |
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Legal Form : |
Sole proprietorship |
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Line of Business : |
Traders, importers and marketers of
smoking products and giftware. |
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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 : |
Unknown |
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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 |
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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 sizableTRADE 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 strongTRADE 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 |
aboody import and export
Telephone 972 3 683 82 97
Mobile 972 52 354 55 77
Fax 972 3 665 50 18
P.O. Box 23018 (6123001)
34 Kibbutz Galuyot Street
TEL AVIV 6655018 ISRAEL
A sole
proprietorship, established in 1986.
Operating under Licensed Dealer No.
011718905.
The business is registered with the Tax
Authorities’ Files under the name of "MAZRIV EZRA".
Subject is continuing activities which
originally established as a general partnership in 1969 ("ABOODY &
CO.").
In 1983 the partnership became inactive and
business activities were taken by Fawazi Yaakov Aboody, one of the partners in
the form of a sole proprietorship.
In 1986 subject's owner took over the
business (he is the brother-in-law of Fawazi Yaakov Aboody).
Ezra Mazriv.
Ezra Mazriv, born
1951.
Traders, importers and marketers of smoking products and giftware.
All sales are local. Sales are to wholesalers and retail shops.
70% of purchase is import, rest purchased locally.
Operating from rented premises (office and warehouse), on an area of 100
sq. meters, in 34 Kibbutz Galuyot Street, Tel Aviv.
Having 3 employees, including owner (same as in 2014).
Current inventory
is valued NIS 500,000.
Other financial
data not forthcoming.
2012 sales claimed
to be NIS 1,200,000.
2013 sales claimed
to be NIS 1,200,000.
2014 sales claimed
to be NIS 1,200,000.
Projected 2015
sales are NIS 1,200,000.
Mercantile Discount Bank Ltd., Yafo Branch (No. 653), Tel Aviv, account
No. 69698.
Union Bank of Israel Ltd., Main Tel Aviv Branch (No. 063), Tel Aviv,
account No. 029000/55.
A check with the Central Banks' database did not reveal any negative
information regarding subject's a/m accounts.
Nothing unfavorable learned.
Subject’s
activities are veteran.
Good for trade engagements.
Note: Since
February 2013 Israel Post has started using a new area code method of 7 digits
(the old method of 5 digits is no longer valid).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.02 |
|
|
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.73.92 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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|
|
|
Report Prepared
by : |
ANK |
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 |
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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 |
|
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 |
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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 |
|
<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.