IDENTIFICATION DETAILS

Name :	ELDAD BEN DAVID

Registered Office :	54 Bezalel Street Ramat Gan 52521israel

Legal Form :	Sole proprietorship

Line of Business :	Dealers in diamonds.

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate

Payment Behaviour :	Unknown

Litigation :	Clear

NAME

ELDAD BEN DAVID

Telephone 972 3 613 32 68

Fax 972 3 613 32 69

54 Bezalel Street

RAMAT GAN 52521ISRAEL

HISTORY

A sole proprietorship, operating under License Dealer number 07290190 (year of establishment not forthcoming).

OWNER AND GENERAL MANAGER

Eldad Ben David.

BUSINESS

Dealers in diamonds.

Operating from rented premises, on an area of 30 sq. meters, in 54 Bezalel street, Ramat Gan.

Having 3 employees.

MEANS

Financial data not forthcoming.

ANNUAL SALES

Sales figures not forthcoming.

BANKERS

Israel Discount Bank Ltd., Diamond Exchange branch (no. 060), Ramat Gan.

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

Considering the refusal to disclose financial details, dealings are recommended on a secure basis.

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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