MIRA
INFORM REPORT
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Report Date : |
27th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
SAMROZ LTD. |
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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 : |
30.8.2005 |
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Legal Form : |
Private limited company |
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Line of Business : |
Dealers in 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
SAMROZ LTD.
Telephone 972 3 575 33 11
Fax 972 3 575 33 12
1 Jabutinsky Street
RAMAT GAN 52520 ISRAEL
HISTORY
A private limited company, registered as per file No. 51-372679-4 on the 30.8.2005.
Activities begun on 1.1.2006.
SHARE CAPITAL
Authorized share capital of NIS 0.00 divided into:
10,000 ordinary shares of NIS 0.00 each, of which 100 shares were issued.
SHAREHOLDERS
1. Henry K. Goldman, 50%,
2. Asher Yehuda Rosenbaum, 25%,
3. Ilan Samuel, 25%.
DIRECTORS
1. Asher Yehuda Rosenbaum, Joint General Manager,
2. Ilan Samuel, Joint General Manager,
3. Henry K. Goldman.
BUSINESS
Dealers in diamonds.
Operating from premises in 1 Jabutinsky street, Ramat Gan.
Having 40 employees.
MEANS
Financial data not forthcoming.
There are 2 charges for unlimited amounts registered on the company's assets, in favor of Israel Discount Bank Ltd. and Mizrahi Tefahot Bank Ltd.
ANNUAL SALES
January – May 2006 sales claimed to be US$ 36,000,000, of which US$ 35,000,000 were exports.
OTHER COMPANIES
SAMUEL ROSENBAUM DIAMONDS COMPANY 1992 LTD.,
SAMUEL ROSENBAUM BERNSTEIN COMPANY 1993 LTD.,
SAMUEL ROSENBAUM BERNSTEIN,
SAMUEL ROSENBAUM (1999) LTD., dealers in diamonds,
S.R DIAMONDS (ISRAEL) LTD.,
S.R.D DIAMONDS (HOLDINGS) 1995 LTD.,
S.R.D DIAMONDS (TRUST) 1994 LTD.,
MACO TEAM LTD.
BANKERS
Mizrahi Tefahot Bank Ltd., Diamonds Business Center branch (no. 466), Ramat Gan.
Israel Discount Bank Ltd., Diamonds Exchange branch (no. 080), Ramat Gan.
CHARACTER AND REPUTATION
In March 1998, it was reported that Asher Rosenbaum and Ilan Samuel were arrested by the tax authorities, following allegations of tax fraud. Both were released on bail.
In November 2004, it was reported that both were arrested by the tax authorities, again due to allegations of tax fraud. Once again, they were released on bail.
In November 2002, it was reported that MACO TEAM LTD., a start up company in which Asher Rosenbaum and Ilan Samuel were minority shareholders, ceased all activities following unpaid debts.
Apart from that, nothing unfavorable learnt.
Both Asher Rosenbaum and Ilan Samuel are among the leading local diamonds dealers.
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 |