MIRA
INFORM REPORT
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Report Date : |
14th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
M.R DIAMONDS LTD. |
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Registered Office : |
Harakon Street Ramat Gan 52521 Israel |
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Country : |
Israel |
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Date of Incorporation : |
26.6.2003 |
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Legal Form : |
Private limited company |
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Line of Business : |
Importers, exporters, and 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
M.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. 51-342688-2 on the 26.6.2003.
SHARE CAPITAL
Authorized share capital of NIS 200.00 divided into:
2 management shares of NIS 50.00 each 100 ordinary shares of NIS 1.00 each, fully issued.
SHAREHOLDERS
Subject is fully owned by Michael Rizenberg.
SOLE DIRECTOR AND GENERAL MANAGER
Michael Rizenberg.
BUSINESS
Importers, exporters, and dealers in diamonds.
Operating from rented premises, on an area of 250 sq. meters, in 4 Harakon street, Ramat Gan, and from a branch in 1 Jabutinsky street, Ramat Gan.
Having no salaried employees.
MEANS
Financial data not forthcoming.
There is 1 charge for unlimited amount registered on the company's assets, in favor of Mizrahi Tefahot Bank Ltd.
ANNUAL SALES
Sales figures not forthcoming.
OTHER COMPANIES
S.K.R DIAMONDS LTD.
BANKERS
Mizrahi Tefahot bank Ltd.
CHARACTER AND REPUTATION
Nothing unfavorable learnt.
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
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 |