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MIRA
INFORM REPORT
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Report No. : |
494257 |
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Report Date : |
28.02.2018 |
IDENTIFICATION DETAILS
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Name : |
AERO SENTINEL LTD. |
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Registered Office : |
16 Modi’in Street, Sgula Industrial Zone, Petach Tikva 4927165 |
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Country : |
Israel |
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Date of Incorporation : |
24.09.2012 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
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Developers, designers, manufacturers, exporters
and marketers of drones for military, HLS (Home Land Security), civilian and
aerospace markets. Using brand name “Sentinel G1”, “Sentinel G2”, “Sentinel
G3”. ·
Also providing the Sentinel Ground Control
Station (SGCS) small-sized, portable unit that enables safe operation and
control of the drone. |
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No. of Employees : |
5 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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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
AERO SENTINEL LTD.
Telephone 972 3 688 52 52
972 54 583 89 44
Fax 972 3 688 52 46
Email: israel@aero-sentinel.com
16 Modi’in Street
Sgula Industrial Zone
Petach
Tikva 4927165 Israel
HISTORY & LEGAL FORMATION
A private limited company, incorporated as
per file No. 51-482444-0 on the 24.09.2012.
SHARE CAPITAL
Authorized share capital NIS 1,000,000.00,
divided into, -
100,000,000 ordinary shares of NIS 0.01
each, of which 1,000,000 shares amounting to NIS 10,000.00 were issued.
SHAREHOLDERS
Subject is fully owned by AERO SOL -
AERONAUTICAL SOLUTIONS LTD., equally owned by Yariv Ben-Yehuda and Israel
Vaserlauf.
DIRECTORS
1. Israel
Vaserlauf, General Manager,
2. Yariv
Ben-Yehuda.
Both directors are the joint general
managers of parent company AERO SOL.
BUSINESS
Developers, designers, manufacturers,
exporters and marketers of drones for military, HLS (Home Land Security),
civilian and aerospace markets. Using brand name “Sentinel G1”, “Sentinel G2”,
“Sentinel G3”.
Also providing the Sentinel Ground Control
Station (SGCS) small-sized, portable unit that enables safe operation and
control of the drone.
90% sales are for export.
Operating from rented premises, on an area
of 1,000 sq. meters, in 16 Modi’in Street, Sgula Industrial Zone, Petach Tikva.
The premises serve both parent company AERO SOL and subject.
Website: www.aero-sentinel.com
Having 5 employees.
MEANS
Work is based on orders, holding no
inventory.
Financial data not forthcoming.
There are no charges registered on the company's assets.
REVENUES
2016 sales claimed to be NIS 2,500,000, 90% of which were for export.
2017 sales claimed to be NIS 2,500,000, 90% of which were for export.
OTHER COMPANIES
AERO SOL - AERONAUTICAL SOLUTIONS LTD.,
incorporated 2007, designers, manufacturers, exporters and marketers of
composite materials made custom parts and components for the various
requirements of the aerospace industry, mainly for UAVs. Having 25 employees.
2017 sales NIS 7 million.
Also owned by Yariv Ben-Yehuda, among
others:
LAHAV MECHANICAL & TECHNICAL EQUIPMENT
LTD., incorporated 1994.
L. H. B. LTD., incorporated 1949.
BANKERS
Bank Hapoalim Ltd., Neve Ram Branch (No.
773), Ramat Gan.
CHARACTER AND REPUTATION
Nothing unfavorable learned.
In February 2018 it was reported that
subject conducted a demonstration for its drones to a defense client in South
East Asia.
According to a report from August 2016
(based on CB INSIGHTS survey), the world drone solution market is valued at US
127.3 billion (US$ 45.2 billion in the infrastructure field, US$ 32.4 billion –
Agriculture, US$ 13 billion – delivery, US$ 10.5 billion – security).
In 2015, US$ 450 million were invested in
the global drone field.
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 64.85 |
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1 |
INR 90.58 |
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Euro |
1 |
INR 79.97 |
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ILS |
1 |
INR 18.69 |
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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VAR |
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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
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Litigation
against the subject
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Industry
scenario / competitor analysis
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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.