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SHORT TERM BANK CREDIT AND LONG TERM LOANS (Tables)
 12 Months Ended
Dec. 31, 2013
SHORT TERM BANK CREDIT AND LONG TERM LOANS [Abstract]  
Schedule of Long-Term Debt
 
Terms of the long-term loans and balances:
 
     
Interest Rate
              
 
Currency
of loan
  
December 31, 2013
    
Years of
Maturity
    
December 31,
2013
  
                     
Current maturities of long-term loan (2)
$
     2.50%-3.50 %     2009-2014     $ 884
Schedule of Required Principal Payments
     
Interest Rate
              
 
Currency
of loan
  
December 31, 2012
    
Years of
Maturity
    
December 31,
2012
  
                     
Long-term loan (1)
NIS
     5.25 %     2012-2014     $ 523  
Long-term loan (2)
 $     2.50%-3.50 %     2009-2014       2,477  
Long-term loan (3)
NIS
  
Prime + 1
 %      2013       670  
                        3,670  
                           
Less - current maturities (1)
                       (290 )
Less - current maturities (2)
                       (1,594 )
Less - current maturities (3)
                       (670 )
                           
                      $ 1,116  
 
 
(1)
The original loan was received by Bental in 2009 from an Israeli bank in the amount of $1,400 to be repaid in quarterly installments over a five year period, commencing 2010.  On June 30, 2010, the remaining balance of the original loan, in the amount of $1,185, was repaid and a new loan in the same amount was taken. This new loan bears annual fixed interest of 5.25% and will be repaid until August 2014 in quarterly installments. The loan balance as of December 31, 2013 and 2012 was $248 (presented as part of the liabilities held for sale) and $523, respectively (with regard to covenants related to such loan see note 14(f)(3)).

 
(2)
Loans received by TAT from an Israeli bank in a total amount of $6,250 out of which $5,000 were received during year 2008 and additional $1,250 were received during year 2009. The loans amount was to be repaid in four annual installments commencing 2011. These loans bear quarterly interest of Libor + 3.5% and Libor + 1.85%, respectively. Through November, 2012 TAT prepaid $3,775, following which the remaining balance was $2,477. In September, 2011, TAT reached agreement with its lending bank to adjust certain financial covenants related to the said loans it was failing to meet at the time. On May 1, 2013, the Company made a payment of $1,593 in accordance with its payment schedule following which the remaining balance was $884. As of December 31, 2013 the Company met all financial covenants related to such loans (see also note 14(f)(2)).

 

 
(3)
On September 7, 2011, Bental received a loan from an Israeli bank in a total amount of NIS2.5 million (approximately $700), to be repaid in full at the end of a 24 month period (the "Term"). The principal amount bears interest of Prime + 1% payable on a quarterly basis and may be repaid at any time during the term upon Bental's discretion. On September 8, 2013 Bental made an on time repayment of the loan in the total amount of NIS2.5 million (approximately $693) (see also note 11(h)).