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MIRA INFORM REPORT
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Report No. : |
493552 |
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Report Date : |
27.02.2018 |
IDENTIFICATION DETAILS
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Name : |
QUALITY BY VISION LTD. |
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Registered Office : |
P.O. Box 616 (2069207), 1 Carmel Street, Cochav Bldg. Yokneam ILLIT 2069207 |
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Country : |
Israel |
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Date of Incorporation : |
08.01.1997 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Developers, Manufacturers, Exporters and Marketers of Quality and Process Control Systems for
the Canning Industry and its Suppliers. |
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No. of Employees : |
24 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
ISRAEL - ECONOMIC OVERVIEW
Israel has a technologically advanced free market economy. Cut diamonds,
high-technology equipment, and pharmaceuticals are among its leading exports.
Its major imports include crude oil, grains, raw materials, and military
equipment. Israel usually posts sizable trade deficits, which are offset 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 weathered the 2011 Arab Spring because strong trade ties outside the
Middle East insulated the economy from spillover effects.
Slowing domestic and international demand and decreased investment
resulting from Israel’s uncertain security situation reduced GDP growth to an average
of roughly 2.8% per year during the period 2014-17. 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 in the last decade. Political and regulatory
issues have delayed the development of the massive Leviathan field, but
production from Tamar provided a 0.8% boost to Israel's GDP in 2013 and a 0.3%
boost in 2014. One of the most carbon intense OECD countries, Israel generates
about 57% of its power from coal and only 2.6% from renewable sources.
Income inequality and high housing and commodity prices continue to be a
concern for many Israelis. 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. Government officials have called for reforms to
boost the housing supply and to increase competition in the banking sector to
address these public grievances. Despite calls for reforms, the restricted
housing supply continues to impact the well-being of younger Israelis seeking
to purchase homes. Tariffs and non-tariff barriers, coupled with guaranteed
prices and customs tariffs for farmers kept food prices high in 2016. Private
consumption is expected to drive growth through 2018 with consumers benefitting
from low inflation and a strong currency.
In the long term, Israel faces structural issues, including low labor
participation rates for its fastest growing social segments - the ultraorthodox
and Arab-Israeli communities. Also, Israel's progressive, globally competitive,
knowledge-based technology sector employs only about 8% of the workforce, with
the rest mostly employed in manufacturing and services - sectors which face
downward wage pressures from global competition. Expenditures on educational
institutions remain low compared to most other OECD countries with similar GDP
per capita.
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Source
: CIA |
Company
name & address
QUALITY BY VISION LTD.
Telephone 972 4 959 11 47
972 54 468 24 02 (mobile of
Benny Laor)
Fax
972 4 959 10 59
Email: qbyv@qbyv.com
P.O.
Box 616 (2069207)
1 Carmel Street, Cochav Bldg.
Yokneam Illit 2069207 Israel
HISTORY
& LEGAL FORMATION
A private limited company, incorporated as
per file No. 51-242906-9 on the 08.01.1997, continuing activities which began
in 1973 (under INDEL ELECTRONICS).
SHARE
CAPITAL
Authorized share capital NIS 65,601.00,
divided into -
65,601 ordinary shares of NIS 1.00
each,fully issued.
SHAREHOLDERS
1. Binyamin
Laor, 50% (holding 32,801 ordinary shares),
2. Mrs.
Revital Laor, 50% (holding 32,800 ordinary shares).
SOLE
DIRECTOR
Binyamin (Benny) Laor, General Manager.
BUSINESS
Developers, manufacturers, exporters and
marketers of quality and process control systems for the canning
industry and its suppliers.
90% of sales are
export.
Among local clientele: CANIEL INDUSTRIES,
BEIT HASHITA, COCA COLA ISRAEL (THE CENTRAL BOTTLING CO.), PRI NIR, PRI GALIL,
TEMPO BEVERAGES, etc.
Among foreign clientele: ANHEUSER-BUSCH,
ARDAGH, LOTTE, COFCO HANGZHOU, BRITISH STEEL, COCA-COLA, FABA, GENERAL MILLS,
BASS, HEINZ, HEINEKEN, KIRIN BREWERIES, SEXTON CAN, CAMPBELL SOUP CO., PACIFIC
COAST PRODUCERS, PEPSICO, MASTERFOODS, ALKEN MAES, KHS, GIORGIO FOODS, DEL
MONTE, NESTLE, and many more.
Operating from rented premises (office and
plant), on an area of 750 sq. meters, in 1 Carmel Street, Cochav Bldg. Yokneam
Illit (or 'Upper Yokneam' in English).
Website: www.qbyv.com
Having 24 employees.
MEANS
Current stock is values at US$ 1,000,000.
Other financial data not forthcoming.
There are 37 charges for unlimited amounts registered on the company's
assets (financial assets and vehicles), in favor of Bank Hapoalim Ltd. and
leasing companies (last 22 charges since 2008 till last one in 2017 are on
vehicles).
REVENUES
2015 sales claimed to be US$ 3,000,000, of which 85% were for export.
2016 sales claimed to be US$ 3,000,000, of which 90% were for export.
2017 sales claimed to be US$ 3,500,000, of which 90% were for export.
BANKERS
Bank Hapoalim Ltd., Yokneam Branch (No.
722), Yokneam, account No. 739900.
A check with the Central Banks' database did not reveal any negative
information regarding subject's a/m account.
CHARACTER
AND REPUTATION
Nothing unfavorable learned.
Subject's activities are veteran.
According
to the Israel Association of Electronics & Software industries sales in
2015 summed up to US$ 32 billion, 86% of which were sales for export. The
sector include some 300 companies in the branches of Elctronics, Software,
Electro Optics, Semiconductor, Telecommunications, Medical Systems,
Defense & Military Systems.
According
to the Central Bureau of Statistics (CBS), sales for export from the
manufacture of measuring, testing, navigating and control equipment in 2017
amounted to US$ 2,495.6 million, compared to US$ 2,093.5 million in 2016, US$
1,721.8 million in 2015, and US$ 1,923.4 million in 2014.
According
to the CBS, import of raw materials for the local Machines and
Electronics Manufacturing in 2017 fell 5% from 2016, reaching US$ 10,197
million. That represents a reverse in trend from the last previous years: in
2016 import climbed 4.3% from 2015, in 2015 and 2014 import rose by 2.3% and
2.2 %, respectively from the previous years.
According to the CBS,
investments (capital formation) in imported machinery and other equipment (M&E)
by the hi-tech industries in the branches of computers, electronic and optical
production increased in 2016 by 178% from the previous year reaching NIS
8,914 million. That continues the upward trend from 2015 and 2014, when
investment in imported M&E rose by 15% and 9%, respectively from the
previous year.
SUMMARY
Good for trade engagements.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.66 |
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1 |
INR 90.65 |
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Euro |
1 |
INR 79.70 |
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ILS |
1 |
INR 18.66 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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NIS |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low risk
of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the business
is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
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Promoters
/ Management background
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Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.