This is how to get your reading bands:
WHITE – read Step 1 in 2mn
RED – read Step 2 in 2mn
ORANGE – read Step 3 in 2mn + write sounds at bottom
YELLOW – read Step 5 in 2mn + write sounds at bottom
GREEN – read Step 8 in 1mn30 + write sounds at bottom
BLUE – read an easy TALAM book + write a few words from book as dictation
PURPLE – read a difficult TALAM book + write a few words from book as dictation
BROWN – read a library book + write a few words IN SCRIPT from book as dictation
Here is the document with the STEPS (page with phonetics follows the Hebrew page):