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FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of July 2003
Electrochemical Industries (1952) Ltd.
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(Translation of registrant's name into English)
Haifa Bay
Acre Industrial Area
P.O. Box 1929
Haifa, 31019 Israel
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(Address of principal executive offices)
(Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.)
Yes X No
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(Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes No X
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The following item or items, which are filed herewith, were either filed by
or with respect to Electrochemical Industries (1952) Ltd. ("EIL") with the
Tel-Aviv Stock Exchange, or distributed by EIL to its security holders, on the
date or dates indicated.
Item Filing/Distribution Date
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1. Immediate Report filed with the Tel-Aviv
Stock Exchange July 2, 2003
2. Immediate Report filed with the Tel-Aviv
Stock Exchange July 2, 2003
ITEM 1
Date: July 2, 2003
Messrs. Messrs. Messers.
Securities Authority Tel Aviv Stock Exchange Registrar of Companies
22 Kanfei Nesharim Street 54 Echad Ha'am Street 97 Jaffa Street
Jerusalem 95464 Tel Aviv Jerusalem
- --------------- -------- ---------
RE: IMMEDIATE REPORT
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The company hereby notifies that the scope of outstanding payments to suppliers
and others, which the company is unable to meet is approx. NIS 11 million.
The level of production in company's plants is maintained as was reported in the
company's immediate report dated June 30, 2003.
In light of the above, the Board of Directors will be convened urgently in order
to discuss and resolve on possible course of action.
Sincerely yours,
Yair Kohavi, Adv.
Corporate Secretary
Contact: Adv. Yair Kohavi, Corporate Secretary,
Tel: 972-4-9851497, Fax: 972-4-9815797
ITEM 2
Date: July 2, 2003
Messrs. Messrs. Messers.
Securities Authority Tel Aviv Stock Exchange Registrar of Companies
22 Kanfei Nesharim Street 54 Echad Ha'am Street 97 Jaffa Street
Jerusalem 95464 Tel Aviv Jerusalem
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RE: IMMEDIATE REPORT
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The company hereby reports on the notification received from the Trustee of the
negotiable Debenture (series 5) with a demand for the Debentures' immediate
repayment.
The unpaid balance of the above Debenture (with deduction of deposits held by
the Trustee and banks guarantees given in favour of the Debenture holders)
totals todate NIS 3 million.
As mentioned in previous immediate report of today, the company's Board of
Directors will be convened urgently in order to discuss the liquidity crisis, as
well as the company's response to the above notification of the Trustee.
Sincerely yours,
Yair Kohavi, Adv.
Corporate Secretary
Contact: Adv. Yair Kohavi, Corporate Secretary,
Tel: 972-4-9851497, Fax: 972-4-9815797
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
ELECTROCHEMICAL INDUSTRIES (1952) LTD.
By: /s/ Yair Kohavi
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Yair Kohavi, Adv.
Corporate Secretary
Date: July 2, 2003