MIRA
INFORM REPORT
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Report Date : |
17th
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 : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
NAME & 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
Importers and marketers of bags.
Among clients: HAMASHBIR LAZARCHAN, ACADEMON, DYONUN, BAGINDA, ALTER, etc.
Local agents of:
DELSEY, of France,
LEE COOPER, of the UK.
Operating from rented premises, on an area of 800 sq. meters, in 12 Hanamal street, Tel Aviv.
Having 15 employees.
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 Leumi LeIsrael B.M., Florentine branch (no. 805), Tel Aviv, account no. 351100/10.
A check with the central bank database did not reveal anything detrimental on subject’s a/m account.
CHARACTER AND REPUTATION
Nothing unfavorable learned.
Subject officials refused to disclose financial 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
Maximum unsecured credit recommended US$ 50,000.
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 |