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MIRA INFORM REPORT
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Report No. : |
486900 |
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Report Date : |
24.01.2018 |
IDENTIFICATION DETAILS
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Name : |
DANIEL DATA SYSTEMS LTD. |
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Registered Office : |
P.O. Box 8144 (9108101), 16 Hauman Street,
Talpiyot Industrial Zone, Jerusalem 9342176 |
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Country : |
Israel |
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Date of Incorporation : |
01.12.1986 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Developers, manufacturers, exporters and marketers of security solutions (software and hardware), advanced access control and alarm monitoring systems. · Import (relatively low amount) is of components for manufacturing (cricket boards, biometric readers). |
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No. of Employees : |
30 |
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 : |
Slow but Correct |
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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 (30.06.2017) |
Current Rating (30.09.2017) |
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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 and address
DDS LTD
Correct Name: DANIEL DATA SYSTEMS LTD.
(Also known as DDS
LTD.)
Telephone 972 2 678 82 64 /5
Fax 972 2 678 82 69
Email: sales@dds-security.com
P.O.
Box 8144 (9108101)
16
Hauman Street
Talpiyot
Industrial Zone
JERUSALEM 9342176
ISRAEL
HISTORY
& LEGAL FORMATION
A private limited company, incorporated as
per file No. 51-115586-3 on the 01.12.1986.
SHARE
CAPITAL
Authorized share capital NIS 464,737.00,
divided into -
464,726 ordinary shares (425,322 shares
issued),
10 management shares (4 shares issued),
1 decision share (issued), all of NIS 1.00
each, of which shares amounting to NIS 425,327.00 were issued.
SHAREHOLDERS
1. Yehuda Warszawski, 50% of management shares
and 49% of ordinary shares issued,
2. Binyamin Machado, 50% of management shares
and 47% of ordinary shares issued,
3. Emmanuel Bitton, 2% of ordinary shares
issued,
4. Michael (Motti) Merizada, 2% of ordinary
shares issued,
5. David Shimron, Adv., holds the 1 decision
share issued.
DIRECTORS
1. Yehuda Warszawski, Joint General Manager,
Founder,
2. Binyamin
Machado, Joint General Manager and CFO, Founder.
BUSINESS
Developers, manufacturers, exporters and marketers
of security solutions (software and hardware), advanced access control and
alarm monitoring systems.
Import (relatively low amount) is of
components for manufacturing (cricket boards, biometric readers, etc.).
85% of sales are export.
Among local clientele: MAGAL DEFENSE FENCES,
Israeli Defense Force, Ministry of Defense, Assuta Hospital, and more.
Among foreign clientele: Greek Parliament,
Shanghai Court of Justice, Cambridge Airport, Bank of India, France Television,
Polish Naval Academy, Rochester Hospital, Taj Mahal Hotel, Spanish Army Museum,
Bradwell Nuclear Plant, MOTOROLA, NOKIA, SIEMENS, and many more.
Operating from rented premises, on an area
of 600 sq. meters, in 16 Hauman Street, Talpiyot Industrial Zone, Jerusalem,
and from an office in India.
Website: www.dds-security.com
Having 30 employees.
MEANS
Financial data not forthcoming.
There are 3 charges for unlimited amounts registered on the company's
assets (1 charge on all assets, 2 on vehicles), in favor of Mizrahi Tefahot
Bank Ltd. (charge placed in 2007, 2010 and 2011).
REVENUES
Sales figures not forthcoming.
BANKERS
Mizrahi Tefahot Bank Ltd., Ben Yehuda Branch
(No. 460), Jerusalem.
CHARACTER
AND REPUTATION
Nothing unfavorable learned.
Mr. Binyamin Machado refused to disclose
financial data.
Subject is a veteran business and is ISO
9001 and ISO 14001:2004 certified.
According to the
Chairman of the Israel Export &
International Cooperation Institute (IEI), the volume of sales for
export by the Israeli Homeland Security field is amounted to US$ 1.2 billion in
2014, and was expected to be similar in 2015.
The global market
for Homeland Security is expected to reach US$ 250 billion by 2018.
According to the IEI review in 2012, an estimated 400
Israeli companies are active in the homeland security sector, with the
following approximate breakdown: 35% Technologies, 35% Products, 20% IT &
Software, and 10% Services.
SUMMARY
Notwithstanding the refusal to disclose
financial details, considered 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 63.77 |
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1 |
INR 89.20 |
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Euro |
1 |
INR 78.22 |
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ILS |
1 |
INR 18.67 |
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 : |
NIT |
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
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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.