Annual report pursuant to Section 13 and 15(d)

LOANS

v3.10.0.1
LOANS
12 Months Ended
Nov. 30, 2018
LOANS [Text Block]

NOTE 9 – LOANS

a. Terms of Long-term Loans

    Principal                 Year of           November 30,  
    Amount     Grant Year     Interest Rate     Maturity     2018     2017  
    (in thousands)                       (in thousands)  
Long-term loan (*) 1,400     2012     4.05%     2022   $ 700   $ 899  
Long-term loan 1,000     2013     6%- 7.5%     2023     869     977  
Long-term loan 790     2012-2016     5.5%- 6%     2021-2024     461     620  
                          $ 2,030   $ 2,496  
Current portion of loans payable                       (368 )   (378 )
                          $ 1,662   $ 2,118  

(*) The loan has a business pledge on the Company’s assets at the same value.

b. Terms of Short-term Loans and Current Portion of Long-Term Loans

                November 30,  
    Currency     Interest Rate     2018     2017  
                (in thousands)  
Current portion of loans payable   Euro     4.05%   $ 168   $ 169  
Current portion of loans payable   Euro     6%- 7.5%     67     70  
Current portion of loans payable   Euro     5.5%- 6%     133     139  
Short term loans   KRW     3.02%, 4.15%     279     -  
              $ 647   $ 378