MIRA
INFORM REPORT
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Report Date : |
12th
June, 2006. |
IDENTIFICATION
DETAILS
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Name : |
DIANA
BRANDS LIMITED |
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Registered Office : |
P.O Box: 48034 (61480), 12 Hanamal Street, TEL
AVIV 66076 Israel |
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Country : |
Israel |
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Date of Incorporation : |
05.11.2000 |
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Com. Reg. No.: |
51-302976-9 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturers and Marketers of Bags. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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Status : |
Undetermined
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Company name and Address
DIANA BRANDS LTD.
Telephone :972 3 681 31 13
Fax :972 3 518 38
13
P.O Box :48034 (61480)
12 Hanamal Street
TEL AVIV
66076 ISRAEL
HISTORY
A private limited
company, incorporated as per file No. 51-302976-9 on the
5.11.2000.
SHARE CAPITAL
Authorized
share capital NIS 39,100.00, divided into:
39,100
ordinary shares of NIS 1.00 each, of which shares amounting to NIS 30.00 were
issued.
SHAREHOLDERS
Subject is fully owned by Itzhak Avrahami
SOLE DIRECTOR AND GENERAL MANAGER
Itzhak
Avrahami.
BUSINESS
Manufacturers
and marketers of bags.
Operating
from premises in 12 Hanamal street, Tel Aviv.
Number
of employees not forthcoming.
MEANS
Financial
data not forthcoming.
There
are 2 charges for unlimited amounts registered on the company's assets, in
favor of Bank Leumi LeIsrael B.M.
ANNUAL SALES
2001
sales reported to be NIS 20,000,000. Later sales figures not forthcoming.
BANKERS
Bank
data not forthcoming.
CHARACTER AND REPUTATION
Nothing
unfavorable learned.
Subject
officials refused categorically to disclose any details.
In June
2004, it was reported that subject received the local concession to market
bags, purses, and accessories with the “Playboy” logo.
In
August 2005, it was reported that subject also received the concession to
market bags under the brand name “Ocean Pacific”.
SUMMARY
Considering
the refusal to disclose details, dealings are recommended on a secure basis.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |