| Ticker: ARZNF | Horkanos #8, North Industrial Zone | |
| Exchange: NASDAQ-Small Cap Market | Lod, Foreign | |
| Industry: Wholesale | 9728231880 |
| Type of Shares: | Ordinary Shares | Filing Date: | 12/13/95 | |
| U.S. Shares: | 2,000,000 | Offer Date: | 3/12/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $4.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $3.13 | |
| Secondary Shares: | 0 | Gross Spread: | $0.31 | |
| Offering Amount: | $8,000,000 | Selling: | ||
| Expenses: | $790,500 | Reallowance: | ||
| Shares Out After: | 4,300,000 | |||
| Spin out parent firm: | Migdalgad Yetzur Veshivuk Ltd. | |||
| Manager | Tier | Phone |
| Barron Chase Securities, Inc. | Lead Manager | (800) 678-3022 |
| Auditor: Shachak Peer Rezick & Co. | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/30/95 | 9/30/95 | ||||
| Revenue: | $8.95 | Assets: | $8.72 | ||
| Net Income: | $0.82 | Liabilities: | $3.38 | ||
| EPS: | $0.36 | Equity: | $5.34 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a processor, packager, importer, and distributor of a broad variety of foodstuffs and a variety of prepared products. Foodstuffs that the company deals with include salts, sugar, nuts, beans, grains, baking products, rices, and vinegars, while its prepared products include snack foods, preserves, and syrups. At the company's facilities in Lod, Israel, the company stores foodstuffs, packages its products, and roasts nuts for distribution. The company markets its products throughout Israel under the brand names "Azran" and "Chamaniot Hatzafon." Through its distribution networks, the company sells its products to retail customers, including purchasing cooperatives, supermarket chains, grocery stores, and food service operations. Through its integrated production, marketing and sales services, long-standing customer relationships, and widely-recognized trade names, the company is able to market its products to a large segment of the Israeli population. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used to locate and develop new markets in Israel and elsewhere in the Middle East, to repay indebtedness, and for general corporate and working capital purposes, including possible acquisitions and other business relationships. |
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