MIRA INFORM REPORT
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Report Date : |
8th May 2006 |
IDENTIFICATION DETAILS
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Name : |
B.S.M DIAMONDS LTD. |
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Registered Office : |
54
Bezalel Street Room
1879 RAMAT GAN 52521 ISRAEL |
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Date of Incorporation : |
29.7.1998 |
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Legal Form : |
Private limited company |
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Line of Business : |
Manufacturers, processors, exporters and marketers
of diamonds |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
RATING
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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
B.S.M DIAMONDS LTD.
Telephone 972 3 613 09 53
Fax 972 3 613 09 52
54 Bezalel Street
Room 1879
RAMAT GAN 52521 ISRAEL
HISTORY
A private limited
company, incorporated as per file No. 51-266423-6 on the 29.7.1998.
SHARE CAPITAL
Authorized share
capital NIS 28,000.00, divided into –
28,000 ordinary shares
of NIS 0.01 each, of which shares amounting to NIS 120.00 were issued.
SHAREHOLDERS
1. Benny Menahemov,
90.8%,
2. Hanan Menahemov,
9.2%.
DIRECTORS
1. Benny Menahemov,
General Manager,
2. Hanan Menahemov.
BUSINESS
Manufacturers,
processors, exporters and marketers of diamonds.
Most sales are
exports.
Operating from
premises owned by the shareholders, on an area of 120 sq. meters, in 54 Bezalel
street, Ramat Gan.
Having 8 employees.
MEANS
Financial data not forthcoming.
There are 2 charges
for unlimited amounts registered on the company's assets, in favor of Union
Bank of Israel Ltd.
ANNUAL SALES
2004 sales claimed to
be US$ 4,500,000.
2005 sales claimed to
be US$ 5,000,000.
BANKERS
Union Bank of Israel
Ltd., Ramat Gan.
CHARACTER AND REPUTATION
Nothing unfavorable
learnt.
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
RATING
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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 |