MIRA INFORM REPORT

 

 

Report Date :

6th May 2006

 

IDENTIFICATION DETAILS

 

Name :

J.K.D. Trading Ltd

 

 

Registered Office :

54 Bezalel Street, Ramat Gan-52521, Israel.

 

 

Date of Incorporation :

11.3.1972

 

 

Com. Reg. No.:

51-229450-5

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importers, exporters & distributors of diamonds.

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

 

 

NAME

 

J.K.D. Trading Ltd

 

 

Registered Address & Office

 

54 Bezalel Street,

Ramat Gan-52521, Israel.

 

Office:

21 Tuval Street, Suite 1271/2,                            

Ramat Gan-52521, Israel.                                   

 

P.O. Box 128,

Ramat Gan-52521, Israel.

Tel:  +972-3-5750939

Fax: +972-3-5752914

E-mail: jkattand@012.net.il

 

 

Status & History

 

Private limited company registered per file no. 51-229450-5 on 11.3.1972.

 

 

Shareholders

 

1.     Jacob Kattan, of Gliksberg St., Tel Aviv – (99 ordinary shares),

2.     Ron Kattan, of Gliksberg St., Tel Aviv – (1 ordinary share).

 

 

Sole Director, CEO & President

 

Jacob Kattan.

 

 

Business

 

– Diamonds (see note 3)

 

Importers, exporters & distributors of diamonds.

 

Business is conducted from a self-owned office premises situated at caption address.

 

Over 30 Employees.

 

 

 

Share Capital

 

Authorized:         NIS 29,400.        

 

Comprising:          29,400 ordinary shares at NIS 1.00 each.

Issued:                  100 ordinary shares.     

 

 

Public Record Information - Ex Registrar Of Companies

 

There is no current record of pledged assets.

 

 

Financial Information

 

- Declined (see notes 1 & 2)

 

 

Associate Companies

 

1.     Form-Karan Diamonds Ltd. is a private limited company registered per file no. 51-183265-1 - dormant.

2.     Israeli Diamond Exchange Industries (1965) Ltd. is a private limited company registered per file no. 52-002672-5.

 

 

Bankers

 

– Declined (See Note 2)

 

 

Import Figures

 

– Declined (see note 2)

 

 

Media Coverage

 

None found.

 

 

Character & Reputation

 

Good. No negative information was located.

 

 

 

 

 

Summary

 

Due to insufficient information available regarding subject’s operations we are unable to form a credit opinion.

 

However, our inside sources in the local diamond exchange inform us that subject is a large firm and regarded as a very respectable and well established company.

 

 

Notes

 

1.     Subject as a private company does not publish nor provide balance sheet or related information.

 

2.     Subject declined to cooperate and provide us any information regarding its activities.

 

3.     Subject, also known as Kattan Diamonds, was a recipient of an award at the 2005 Israel-Australian trade awards ceremony held in Tel Aviv on July 18, 2005. The award was for being one of the top Israeli exporters to Australia. Subject commenced exporting to Australia in the late 1990’s growing significantly to its current levels.

 

4.     Our sources disclosed that subject has an office in east Acton, London.

 

 RATING EXPLANATIONS

 

 

RATING

STATUS

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

 

 

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