|
Report No. : |
344104 |
|
Report Date : |
15.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
DIKLIT INTERNATIONAL TRADING LTD. |
|
|
|
|
Registered Office : |
Mobile Post Merkaz, Nachshonim
7319000 |
|
|
|
|
Country : |
Israel |
|
|
|
|
Date of Incorporation : |
08.08.1985 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importers and marketers domestic consumer goods,
e.g. home textile products, bath accessories, products for babies, floor
mats, carpets. |
|
|
|
|
No. of Employees : |
17 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
No Complaints |
|
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 |
DIKLIT INTERNATIONAL TRADING LTD.
Telephone 972 3 902 31 34
Fax 972 3 902 31 37
Email: dikli1@zahav.net.il
Mobile Post Merkaz
Nachshonim 7319000 Israel
A private limited company, incorporated as per file No. 51-108074-9 on the 08.08.1985.
Authorized share capital NIS 2,500.00, divided into –
2,499 ordinary
shares (19 shares issued),
1 deferred share
(issued), all of NIS 1.00 each,
of which shares amounting to NIS 20.00 were issued.
1. Avi Mapa, holding all issued ordinary shares,
2. Shmuel Pe’er, Attorney, holding the company’s only one deferred share.
We are informed that
in practice Avi Mapa holds 100% of shares.
Avi Mapa, born 1985.
We are informed that Ms. Limor is the Business
Manager.
Importers and marketers domestic consumer goods,
e.g. home textile products, bath accessories, products for babies, floor mats,
carpets.
Baby products include: beds and furniture, cradles,
feeding products, car seats and boosters, and more. Selling own brand "go
baby" baby products.
Having some 600 private retail stores client
base. Among large customers: ACE DIY, HOME CENTER (both largest local DIY
chains), KOLBO ROSEN, etc.
All purchasing is from import, mostly from the Far East.
Also buying from Spain, Italy and France.
Sole local representatives of (among others):
NESE PLASTIC, of Turkey,
NUNTAI, of Taiwan.
Operating from rented premises (offices and warehouse), on an area of 2,000
sq. meters, in Kibbutz Nachshonim.
Having 17 employees, as of mid 2014 (same as in 2013, had 20 employees in
mid 2010). Current number of employees unavailable, believed to be similar.
MEANS
Stock was valued at NIS 4,000,000 in mid 2013 (was valued at NIS 3,500,000
in mid 2010, same as in 2009). Current stock evaluation not forthcoming.
Other financial data not forthcoming.
There are 10 charges for unlimited amounts, as well as 3 charges for total
sum of NIS 419,921.00 registered on the company’s assets (all assets), in favor
of The First International Bank of Israel Ltd., Mizrahi Tefahot Bank Ltd. and Bank Leumi
Le'Israel Ltd. Charges placed in between 1999 to last one in
January 2015 (last 4 charges placed: 2 in 2013 on financial and all other
assets, 1 in 2014 and 1 in 2015, on vehicles.
2007 sales claimed to be NIS 16,000,000.
2008 sales claimed to be NIS 16,500,000.
2009 sales claimed to be NIS 16,500,000.
2010 sales claimed to be NIS 16,000,000.
2011 sales claimed to be NIS 16,400,000.
2012 sales claimed to be NIS 17,000,000.
2013 sales claimed to be NIS 18,000,000.
Sales for the first 4 months of 2014 claimed to be NIS 5,000,000.
Later sales figures not forthcoming.
Bank Hapoalim Ltd., Yahalom Branch (No. 537), Ramat Gan, account
No. 66365.
The First International Bank of Israel Ltd., Ramat Gan Branch (No. 041),
Ramat Gan, account No. 907154.
A check with the Central Banks' database did not reveal any negative
information regarding subject's a/m accounts.
Nothing unfavorable learned.
Subject's Manager, Ms. Limor, refused to update any data without being
informed on the supplier concerned.
This is a veteran company.
Subject is an authorized dealer for car seats for
babies in vehicles by the Ministry of Transportation & Road Safety.
According to
sources in the branch, the local market for baby and small children products is
in volume of circa NIS 1 billion annually.
According the CBS, import of
consumer goods in 2014 marked 8% increase (in NIS terms), compared to 2.2%
increase in 2013, and by 2% in 2012. A breakdown shows a 9.8% rise in 2014 in durable
goods, while import in non-durable goods rose by 6.8%.
Import of
Household Utensils in 2014 climbed by 7.6% (in NIS terms, 9% in $ terms),
compared to 2.5% in 2013, and summed up to NIS 2,739 million in 2014.
Import of Furniture and Electrical Equipment
totaled NIS 10,946 million in 2014, marking a modest 1.2% increase (in NIS
terms, rose by 2.2% in $ terms), though better than the 3.6% decrease in 2013
from 2012.
From the CBS
National Accounts for 2014 on private consumption expenditure, it turns that
the current local households' expenditure (in fixed prices) grew by 4% from
2013, after rising by 3.3% in 2013 and by 3.1% in 2012. Per-capita expenditure
in 2014 rose by 2% (after rise of 1.4% in 2013 and 1.2% in 2012).
Consumption
expenditure by households on durable goods rose by 12.3% from 2013 (after 3.8%
rise in 2013).
Notwithstanding the
refusal to update details, we consider the company to be a reasonably fair
trading partner. Yet, we recommend on certain cautious and low exposure.
Maximum unsecured credit recommended US$ 35,000.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.11 |
|
|
1 |
Rs.99.50 |
|
Euro |
1 |
Rs.74.24 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.