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Confidential - all data contained herein is non-transferable !

KOOR METALS LTD 52-002493-6 Update Date: 05/02/2009

Identification Details | Executive Summary | Registration, Management And Ownership Details | Operations |
Financial Details | External Sources Opinions | Related Companies | Additional Information | General Evaluation

Identification Details

Company Name KOOR METALS LTD


Identification 52-002493-6
Number
Main office 17 Hatidhar Raanana 43665
Telephone +972 (073) 2604444
Fax +972 (9) 7424877
Main plant 9 Haroshet , Volkan Junction, Kiryat Haim 26293
Web Site www.koor-metals.co.il
Email kmatehet@netvision.net.il
Founded 25/09/1942
Company Type Private Company Ltd.
Status Active
Field Of Activity manufacturing of metal products

Executive Summary

A PRIVATE COMPANY ACTIVE IN VARIOUS FOUNDED: 1942


ACTIVITIES IN INFRASTRUCTURES,
MANUFACTURE AND ASSEMBLY OF METAL EMPLOYEES: ABOUT 300 AT SUBJECT
ELEMENTS SUCH AS: POWER STATIONS,
INDUSTRIAL BUILDINGS, PLANTS AND
INITIATIVES IN CIVILIAN ENGINEERING.
COMMITMENTS ARE REPORTEDLY HANDLED
PROMPTLY.
LAWSUITS AGAINST SUBJECT WERE TRACED.

The Company :
Average Risk

Sector Risk Rating :


Borderline Average Risk

Company/Industry Rating Graph

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Registration, Management And Ownership Details

Description Of Registration, Management And Ownership Detail

PUBLIC (NON-TRADED) COMPANY REGISTERED ON 25.9.42


REGISTERED ADDRESS: HATIDHAR 17 RAANANA
P.O.B 4123 RAANANA

Share Capital Table


Nominal
Share Type Currency No. of Shares Shares Issued % Issued
Value
Ordinary New Israeli 0.0001 89,997,500,000.00 53,731,599,992.00 59.70%
Sheqel
Preferred New Israeli 0.001 200,000.00 200,000.00 100.00%
Sheqel
Ordinary New Israeli 0.0005 100,000.00 100,000.00 100.00%
Sheqel

Update Date : 17/09/2009


According to the Company Registry, shareholders are :

I.D./Register
Name Address num Ordinary Preferred Ordinary
KOOR METALS GROUP Haofan 1 Holon 58812 51-280210-9 99.99% 100.00% 100.00%
LTD
Neuman David 12 Shimoni Jerusalem 00833288-4
92623

Registered Directors

Director Name I.D. Address Title


Oslerena Pinhas 00536733-9 Vitkin 18 Holon Director
Yohai Ethel 05193208-5 Rachel 61 Holon Director

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Managers
Manager Name Title
Oslerena Pinhas Chairman of board + CEO
Deputy Managing Director
Yohai Ethel
- Finance
Gissar Mati Controller

Operations

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A PRIVATE COMPANY ACTIVE IN VARIUOS ACTIVITIES IN INFRASTRUCTURES, MANUFACTURE
AND ASSEMBLY OF METAL ELEMENTS SUCH AS: POWER STATIONS, INDUSTRIAL BUILDINGS,
PLANTS AND INITIATIONS IN CIVILIAN ENGINEERING.

CLIENTS INCLUDE: MAN TAKRAF, SIEMENS, ABB, ALSTOM, U.S. DEPARTMENT OF DEFENSE,
CHEMICAL AND PETROCHEMICAL INDUSTRIES, AND HI-TECH COMPANIES.

SUBJECT HAS PARTICIPATIONS IN THE FOLLOWING COMPANIES, WHICH COMPLEMENT


SUBJECT'S ACTIVITIES:
RAMIM ENGINEERING WORKS LTD
VULCAN ENGINEERING ENTERPRISES
METAL PROJECTS M.P. LTD
KOOR METALS LABORATORIES & CLEAN ROOMS LTD
SIMAT INDUSTRIES LTD

SUBJECT IS LISTED IN THE CONTRACTORS LEDGER (CONTACTOR # 2416) UNDER THE


FOLLOWING CATEGORIES:
- CONSTRUCTION (UNLIMITED SCOPE) (*).
- STEEL STRUCTURES (UNLIMITED SCOPE) (*).
- SEWAGE, DRAINAGE, AND WATER (UP TO NIS 8,586,000) (*).
- PUMPS, TURBINES, AND PUMPING STATIONS (UP TO NIS 8,586,000) (*).
- GRANARIES, WATER TOWERS, AND CHIMNEY STACKS (UP TO 12,654,000) (*).
- BRIDGES (UP TO NIS 12,654,000).
(*) RECOGNIZED FOR GOVERNMENTAL WORKS IN THIS CATEGORY.

SUBJECT IS ACTIVE VIA 2 DIVISIONS: VULCAN ENGINEERING AND PROJECT MANAGEMENT

VULCAN ENGINEERING:
MANUFACTURE OF ELECTRIC POSTS, AERIAL, CRANES, GAS PRESSURE CONTAINERS, VACUUM
CONTAINERS.

PROJECT MANAGEMENT:
1. SETUP AND ASSEMBLY: POWER STATIONS, PORT CRANES, AIRPLANE HANGARS.
2. PROJECT MANAGEMENT IN THE CIVIL ENGINEERING.
3. RESIDENTIAL HOUSING STRUCTURES.

RAMIM ENGINEERING WORKS LTD (R.N. 51-058006-1)


MOBILE SHIELDED ENVIRONMENTAL SHELTERS AND HANDLES FOR DRONE AIRCRAFT.

SIMAT INDUSTRIES LTD (R.N. 51-146125-3)


MICRO PROCESSING FOR HI-TECH COMPANIES AND THE MINISTRY OF DEFENSE.

KOOR METALS LABORATORIES & CLEAN ROOMS LTD (R.N. 51-003521-5)


CONSTRUCTION OF MEDICAL LABORATORIES FOR HOSPITALS, CLEAN ROOMS, ETC.

IN 2007, SUBJECT SOLD ITS HOLDINGS IN "TADIR GAN (METAL) LTD".

BASED ON INFORMATION OBTAINED IN MAY 2007, SUBJECT IS INVOLVED IN ESTABLISHMENT


AND MANUFACTURE OF THE BEIT YEHOSHUA BRIDGE FOR "LINOM LTD".

BASED ON INFORMATION OBTAINED IN FEBRUARY 2007, SUBJECT IS ACTIVE IN A PROJECT


INVOLVING MANUFACTURE OF WATER DESALINATION TANKS FOR INDIA.

BASED ON INFORMATION OBTAINED, IN JUNE 2006 A CONTRACT WAS SIGNED BETWEEN INTEL,
SUBJECT AND VULCAN ENGINEERING ENTERPRISES FOR MANUFACTURING WORKS AND
ASSEMBLING OF PIPES IN CUB STRUCTURES. SCOPE OF PROJECT IS NIS 70 MILLION.

BASED ON INFORMATION OBTAINED, SUBJECT AND VULCAN ENGINEERING ENTERPRISES WON


A NIS 7 MILLION PROJECT TO ESTABLISH 5 STORAGE CONTAINERS FOR
"AGAN CHEMICAL MANUFACTURERS LTD".

BASED ON INFORMATION OBTAINED, SUBJECT IS ACTIVE IN MANUFACTURE AND


ESTABLISHMENT OF A STEEL FRAME OF THE CRICKET STADIUM IN KINGSTON, JAMAICA FOR
"ASHTROM LTD".

BASED ON INFORMATION OBTAINED, SUBJECT WAS A PARTNER IN ESTABLISHING THE


TERMINAL IN NORMAN MANLEY INTERNATIONAL AIRPORT IN JAMAICA. VULCAN ENGINEERING
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ENTERPRISES COMPLETED THE MANUFACTURING OF THE TERMINAL CONSTRUCTION.

MAIN PROJECTS REPORTED BY MANAGEMENT (AS OF JANUARY 2009):


"OIL REFINERIES LTD" (HAIFA) - A PROJECT WHICH STARTED DURING 2008 AND IS ESTIMATED AT
SEVERAL MILLION SHEQELS.

THE WATER DESALINATION PLANT (HADERA) - A PROJECT WHICH STARTED DURING MAY 2008
AND IS SCHEDULED FOR COMPLETION BY 2010.

Vehicles and
As of 2009: Number of employees 300
Employees:

PURCHASES FOREIGN 10%


DISTRIBUTION: U.S.A.
GERMANY
ITALY
U.K.
TURKEY
TERMS: CAD,E.O.M. + 60 DAYS

Local Suppliers: SCOPE METALS GROUP LTD 52-003742-5


MARZEVIT CENTRAL 1996 LTD 51-240560-6
ISKOOR METALS AND STEEL 51-065770-3
LTD
TAAVURA HOLDINGS LTD 51-256242-2
AGAM METAL WORKS LTD 51-062359-8
MODUL BETON INDUSTRIAL 51-149330-6
INVESTMENTS LTD
N. FELDMAN & SON LTD 52-003735-9
PACKER YADPAZ PROFILES LTD. 51-094360-8
METAL WORKS S. COHEN LTD 51-043037-4
B.I.G. L.K. SYSTEMS LTD 51-263701-8

Terms E.O.M. + 60-90 DAYS

Sales Distribution: FOREIGN 3%

Local Clients: THE ISRAEL ELECTRIC 52-000047-2


CORPORATION LTD
RAFAEL ADVANCED DEFENSE 52-004218-5
SYSTEMS LTD.
ISRAEL AEROSPACE 52-002719-4
INDUSTRIES LTD.
A. ARENSON LTD 51-052807-8
RAMET LTD 51-001295-8
OIL REFINERIES LTD 52-003665-8
PAZGAS MARKETING CO. LTD 51-042079-7
MINISTRY OF DEFENSE 50-800111-2
AMERICAN ISRAELI GAS CORP. 51-005974-4
LTD
JERUSALEM ECONOMY LTD 52-001707-0
INTEL ISRAEL (74) LTD 51-068286-7
LINOM LTD 51-179272-3
ISRAEL AIRPORTS AUTHORITY 50-010286-8
SOLEL BONEH BUILDING & 52-004088-2
INFRASTRUCTURE LTD
MINRAV ENGINEERING AND 51-096232-7
CONSTRUCTION LTD

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Terms E.O.M. + 60 DAYS.

Service Providers: UTI LOGISTICS ISRAEL LTD 51-309464-9


( Customs agent )

Premises: Main office, 17 Hatidhar Raanana 43665


Business: +972 (073) 2604444 Fax: +972 (9) 7424877
Main plant, Area of About 44000 Sq. m. (owned), 9 Haroshet , Volkan
Junction, Kiryat Haim 26293
previous address, Area of About 400 Sq. m. (rented), 1 Haofan Holon 58812
Business: 972-3-5503271 Business 2: 972-3-5503927
Fax: 972-3-5564747

Financial Details

Summary Of Financial Details

THE FOLLOWING FIGURES WERE PROVIDED BY MANAGEMENT.

GROUP REVENUES:
NIS 135,000,000 (2003)
NIS 140-145,000,000 (2004)
NIS 140,000,000 (2005)
NIS 170,000,000 (2006)

SUBJECT'S REVENUES:
NIS 65,000,000 (2003)
NIS 70,000,000 (2004)
NIS 75,576,000 (2005)

UPDATED FIGURES COULD NOT BE OBTAINED.

MANAGEMENT REPORTED (JANUARY 2009) THAT GROUP REVENUES INCREASED IN 2007-8, DUE
TO PROJECTS IN THE ORDER BACKLOG.
MANAGEMENT REPORTED THAT REVENUES ARE EXPECTED TO REMAIN STEADY IN 2009.

External Sources Opinions

Payments

NO PAYMENT PROBLEMS WERE TRACED.

Supplier 02/2009
Working Relations many years
Terms e.o.m. + 90 days
Scope nis 5 figures monthly
Payments prompt
Remarks no transactions in the last several months

Supplier 02/2009
Working Relations many years
Terms e.o.m. + 90 days
Scope nis 300,000 in 2007, nis 1,300,000 in 2008
Payments prompt

Banks Accounts
Industrial Development Bank Main Tel Aviv , (1) - account 439107

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Bank Leumi Le'Israel Ltd. HATEKUMA, RISHON-LEZION , (671) - account 11070018
Bank Hapoalim Ltd. HOLON , (638) - account 198900
Bank Hapoalim Ltd. KIRYAT MOTZKIN , (729) - account 183300
The First Int'l Bank of Israel HOLON INDUSTRY , (78) - account 409550000

THE ABOVE MENTIONED ACCOUNT NUMBERS ARE NOT RESTRICTED BY THE BANK OF ISRAEL.

Related Companies

List Of Related Companies

KOOR METALS GROUP LTD


Identification Num 51-280210-9
Founded 07/07/1999
City Holon
Previous Name ACCORD TECHNOLOGIES HOLDINGS (1999) LTD
Ownership Registration
According to the Company Registry , shareholders
are : I.D./Register num Ownership
H.A.I. HOLDINGS LTD 51-399865-8 10.31%
KOOR METALS INDUSTRIES LTD 51-142854-2 89.68%

KOOR METALS INDUSTRIES LTD


Identification Num 51-142854-2
Founded 04/12/1989
City Holon
Previous Name ACCORD TECHNOLOGIES LTD
Ownership Registration
According to the Company Registry , shareholders
are : I.D./Register num Ordinary
Rubellite Co. Inc. 100.00%

H.A.I. HOLDINGS LTD


Identification Num 51-399865-8
Founded 01/07/2007
City Holon
Ownership Registration
According to the Company Registry , shareholders
are : I.D./Register num Ordinary
Yohai Ethel 05193208-5 100.00%

KOOR METALS LABORATORIES & CLEAN ROOMS LTD


Identification Num 51-003521-5
Founded 27/06/1946
City Holon
Field Of Activity establishment of clean rooms and laboratories
Remark Activity: BUILDING OF HOSPITAL LABORATORIES AND CLEAN ROOMS.
Ownership Registration
According to the Company Registry , shareholders
are : I.D./Register num Ordinary
KOOR METALS GROUP LTD 51-280210-9
KOOR METALS LTD 52-002493-6 99.99%

METAL PROJECTS M.P. LTD


Identification Num 51-010603-2
Founded 15/09/1952
City Holon
Ownership Registration
Shareholders reportedly include: I.D./Register num
KOOR METALS GROUP LTD 51-280210-9
KOOR METALS LTD 52-002493-6

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RAMIM ENGINEERING WORKS LTD
Identification Num 51-058006-1
Founded 01/08/1971
City Kiryat Shmona
Field Of Activity manufacture of casing boxes for communications equipment
Ownership Registration
According to the Company Registry , shareholders
are : I.D./Register num Ordinary
KOOR METALS GROUP LTD 51-280210-9
KOOR METALS LTD 52-002493-6 99.99%

SIMAT INDUSTRIES LTD


Identification Num 51-146125-3
Founded 07/03/1990
City Kiryat Shmona
Previous Name SUBCO INDUSTRIES LTD
Ownership Registration
According to the Company Registry , shareholders
are : I.D./Register num Ordinary
RAMIM ENGINEERING WORKS LTD 51-058006-1 100.00%

Additional Information

Red Lights ™ ® and additional information


A check against Business Data's Red Lights ™ ® and additional information revealed registrations
against the company KOOR METALS LTD:

Red Light ® Date


and additional Red Light ® and additional information
information
20/01/2009 "KOOR METALS LTD" and "HAMAT SANITARY FITTINGS AND CASTINGS LTD"
were orderd by court to pay a nis 8.74 million compensation to ALEXANDER SHUV
LTD.
Company Response: unfamiliar to management
23/03/2008 Minor Lawsuit at Petah Tikva, docket 398803/08, by KADMANY PROJECTS LTD, sum
of 3,571,766 NIS.
30/10/2005 Property Damage Lawsuit in Kfar Saba, file 4329/05, by NATIONAL INSURANCE
INSTITUTE.
08/09/2004 nis 49,738 lawsuit was filed aginst subject by alum gali building aluminum industries ltd
(docket # 57507/04 at tel aviv magistrate's court).
Company Response: case has been closed
06/05/2003 A lawsuit was filed by YAKIR FRIED OFFICE MACHINERY (93) LTD (docket #
8236/03 at Haifa magistrate's court)
25/02/2003 A NIS 16,551 lawsuit was filed by MIRS COMMUNICATIONS LTD (docket # 764/03 at
Herzliya Magistrate's Court).
13/01/2003 A nis 965,295 lawsuit was filed by ISRAEL LANDS AUTHORITY (docket # 1252/03 at
Haifa magistrate's court)
Company Response: lawsuit is in progress. management reported the expected
amount which will be paid is nis 100,000

List Of Press Items

19/01/2009 "Globes" THE COURT HAS ORDERED KOOR METALS AND HAMAT
ARMATURES TO PAY NIS 8.74 MILLION TO A COMPANY NAMED
ALEXANDER SHUV AND ITS OWNER, HAIM SHUV, FOR
COMMISSIONS ON THE SALE OF PRODUCTS SOLD. THE LAWSUIT
WAS ORIGINALLY FILED IN 1990.

12/04/2007 "Globes" "KOOR METAL" & "RAMET" BEGAN THE CONSTRUCTION OF THE

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"MEITARIM" BRIDGE IN JERUSALEM. COST OF THE PROJECT IS
ESTIMATED AT NIS 135 MILLION.

List Of Registered Charges

29 UNLIMITED CHARGES WERE LISTED AT THE COMPANY REGISTRY IN FAVOR OF AMERICAN


ISRAEL BANK, BANK HAPOALIM, STATE OF ISRAEL, INDUSTRIAL DEVELOPMENT BANK, FIRST
INTERNATIONAL BANK, BANK LEUMI LE'ISRAEL, AND DAIMLER CHRYSLER.
SECURED ASSETS INCLUDE: DEPOSITS, MACHINERY, EQUIPMENT, MATERIALS, LAND, SHARE
CAPITAL, GOODWILL, SECURITIES, MONIES, RIGHTS, VEHICLES, ETC.

General Evaluation

The Company :
Average Risk

End Of Report

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IT MAY NOT BE REPRODUCED IN WHOLE OR IN PART IN ANY FORM OR MANNER WHATSOEVER.
B.D.I BUSINESS DATA ISRAEL LTD. IS NOT RESPONSIBLE AND LIABLE FOR INFORMATION PROVIDED.

Creation date 21-09-2009 14:29 18114 - 3229129All rights reserved to B.D.I. Business Data Israel Ltd©. This material may not be copied,
reproduced or distributed.

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