IDENTIFICATION DETAILS

Name :	ELIBA DIAMONDS LTD.

Registered Office :	P.O Box 508 (52105), 54 Bezalel Street, Ramat Gan 52521, Israel

Date of Incorporation :	14.7.2004

Legal Form :	Private limited company

Line of Business :	Dealers in polished diamonds

RATING & COMMENTS

MIRA’s Rating :

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 & ADDRESS

ELIBA DIAMONDS LTD.

Telephone 972 3 613 19 91

Fax 972 3 613 19 93

P.O Box 508 (52105)

54 Bezalel Street

RAMAT GAN 52521 ISRAEL

HISTORY

A private limited company, registered as per file No. 51-356654-7 on the 14.7.2004.

Activities begun in July 2005.

SHARE CAPITAL

Authorized share capital of NIS 10,000.00 divided into:-

10,000 ordinary shares of NIS 1.00 each, of which shares amounting to NIS 100.00 issued.

SHAREHOLDERS

Subject is fully owned by Shavit Eliba.

SOLE DIRECTOR AND GENERAL MANAGER

Shavit Eliba.

BUSINESS

Dealers in polished diamonds.

Operating from rented premises, on an area of 50 sq. meters, in 54 Bezalel street, Ramat Gan.

Having 2 employees.

MEANS

Financial data not forthcoming.

There are no charges registered on the company's assets.

ANNUAL SALES

July – December 2005 sales claimed to be US$ 3,000,000, 90% for export.

BANKERS

The First International Bank of Israel Ltd., Habursa branch (no. 026), Ramat Gan, account no. 134988.

A check with the central bank database did not reveal anything detrimental on subject’s a/m account.

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		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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