MIRA
INFORM REPORT
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Report Date : |
27th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
OFER NOFF DIAMONDS |
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Registered Office : |
54 Bezalel Street Ramat Gan 52521 Israel |
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Country : |
Israel |
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Date of Incorporation : |
2001 |
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Legal Form : |
Sole proprietorship |
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Line of Business : |
Importers, marketers and exporters of
diamonds |
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 : |
Regular |
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Litigation : |
Clear |
Name & address
OFER NOFF DIAMONDS
Telephone 972 54 397 77 27
Fax 972 3 575
76 69
54 Bezalel Street
RAMAT GAN 52521 ISRAEL
HISTORY
A sole proprietorship, established in 2001. License Dealer number 028020055.
OWNER AND GENERAL MANAGER
Ofer Noff.
BUSINESS
Importers, marketers and exporters of diamonds.
Operating from rented premises in the Gellem Hall, 54 Bezalel street, Ramat Gan.
Having 2 employees.
MEANS
Financial data not forthcoming.
ANNUAL SALES
Sales figures not forthcoming.
BANKERS
Mizrahi Tefahot Bank Ltd., Diamonds Business Center branch (no. 466), Ramat Gan, account no. 120683.
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.
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
Good for trade engagements.
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 |