MIRA
INFORM REPORT
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Report Date : |
27th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
S.K.R DIAMONDS LTD. |
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Registered Office : |
4 Harakon Street Ramat Gan 52521 Israel |
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Country : |
Israel |
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Date of Incorporation : |
29.11.1994 |
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Legal Form : |
Private limited company |
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Line of Business : |
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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
S.K.R DIAMONDS LTD.
Telephone 972 3 612 70 50
Fax 972 3 751 23 24
4 Harakon Street
RAMAT GAN 52521 ISRAEL
HISTORY
A private limited company, registered as per file No. 51-205652-4 on the 29.11.1994.
SHARE CAPITAL
Authorized share capital of NIS 23,800.00 divided into:
10 management shares of NIS 10.00 each 23,700 ordinary shares of NIS 1.00 each, of which shares amounting to NIS 440.00 were issued.
SHAREHOLDERS
1. Michael Rizenberg, 50%,
2. G.N DIAMONDS CUTTERS MANUFACTURERS, 50%.
GENERAL MANAGER
Ohad Yashar.
BUSINESS
Manufacturers, exporters and marketers of jewelry.
Also importers and marketers of diamonds.
Operating from rented premises, on an area of 220 sq. meters, in 4 Harakon street, Ramat Gan.
Having 25 employees.
MEANS
Financial data not forthcoming.
There are no charges registered on the company's assets.
ANNUAL SALES
Sales figures not forthcoming.
OTHER COMPANIES
M.R DIAMONDS LTD., fully owned by Michael Rizenberg, importers, exporters and dealers id diamonds.
BANKERS
Mizrahi Tefahot Bank Ltd., Diamonds Business Center branch (no. 466), Ramat Gan.
CHARACTER AND REPUTATION
In May 2005, it was reported that JERALDO, a local jewelry company, filed a lawsuit against subject, claiming it is violating its trade rights by copying its designs.
Apart from that, nothing unfavorable learnt.
Subject officials refused to disclose financial details.
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 |