MIRA
INFORM REPORT
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Report Date : |
13th
June, 2006. |
IDENTIFICATION
DETAILS
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Name : |
ARJAV INTERNATIONAL LIMITED |
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Registered Office : |
1 Jabutinsky Street, Ramat Gan 52520
Israel |
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Country : |
Israel |
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Date of Incorporation : |
11.10.1988. |
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Legal Form : |
Private limited company |
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Line of Business : |
Importers, processors, marketers and
exporters of diamonds |
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 |
NAME & ADDRESS
ARJAV INTERNATIONAL LTD.
Telephone 972 3 577 00 99
Fax 972 3 575 53 67
1 Jabutinsky Street
Ramat Gan 52520 Israel
HISTORY
A private limited company, incorporated as per file No. 51-132718-1 on the 11.10.1988.
Originally registered under the name ARJAV DIAMONDS INTERNATIONAL LTD., which changed to the present name on 1.2.1989.
SHARE CAPITAL
Authorized share capital NIS 10,000.00, divided into:
10,000 ordinary shares of NIS 1.00 each, of which shares amounting to NIS 100.00 were issued.
SHAREHOLDERS
1. Mate Ashit, 50%,
2. Farik Mokesh, 50%.
SOLE DIRECTOR AND GENERAL MANAGER
Farik Mokesh.
BUSINESS
Importers, processors, marketers and exporters of diamonds.
Operating from premises in 1 Jabutinsky street, Ramat Gan.
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 Union Bank of Israel Ltd.
ANNUAL SALES
Sales figures not forthcoming.
BANKERS
Bank data not forthcoming.
CHARACTER AND REPUTATION
Nothing unfavorable learned.
Subject’s general manager, the only authorized person to disclose details on subject, is currently abroad and due to return in several days. As soon as we will talk to him, we will update you accordingly.
According
to the Ministry of commerce, total export of cut diamonds from Israel in 2004
(net) reached US$ 6.333 billion, a 14.4% increase from 2003.exports of rough
diamonds were US$ 2.92 billion, a 31% increase from 2003.
Import
of rough diamonds also increased by 32.4% to US$ 5.15 billion, and imports of
cut diamonds increased by 4.6% to US$ 3.405 billion.
The USA
is the main market for Israel’s export of cut diamonds (67%). The secondary
markets are in the Far East (of which Hong Kong 13% and Japan 2%) and Europe
(of which Belgium 7% and Switzerland 3%).
SUMMARY
For the time being, dealings are recommended on a fully 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 |