MIRA
INFORM REPORT
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Report Date : |
27th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
KATZ HAIM GEM STONES 1992 LTD. |
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Registered Office : |
54
Bezalel Street, Diamonds Exchange, Yahalom Tower, Ramat Gan 52521 Israel. |
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Country : |
Israel |
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Date of Incorporation : |
09.01.1992 |
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Com. Reg. No.: |
51-164532-7 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Traders, Importers, Exporters and Marketers of
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 |
Company name & Address
HEIM KATZ
Correct
Name: KATZ HAIM GEM STONES 1992
LTD.
(also known as HAIM KATZ LTD.)
Telephone 972
3 613 07 60
Fax 972
3 751 08 70
54
Bezalel Street
Diamonds
Exchange, Yahalom Tower
RAMAT GAN 52521 ISRAEL
HISTORY
A
private limited company, incorporated as per file No. 51-164532-7 on the
9.1.1992.
SHARE CAPITAL
Authorized
share capital of NIS 17,600.00 divided into:
17,600
ordinary shares, of NIS 1.00 each, of which shares amounting to NIS 120.00 were
issued.
SHAREHOLDERS
1. Haim
Katz,
2. Ms.
Zohara Katz, holding 1 single share, both of 20 Hakotzer Street, Ramat
Hasharon.
SOLE DIRECTOR & GENERAL
MANAGER
Haim Katz
BUSINESS
Traders,
importers, exporters and marketers of diamonds.
Operating
from offices in 54 Bezalel Street, Diamonds Exchange, Yahalom Tower (2nd
Floor, rooms 293-6), Ramat Gan.
Number
of employees not
forthcoming.
MEANS
Financial data not forthcoming.
There are 3 charges for unlimited
amounts registered on the company's assets, in favor of Bank
Leumi LeIsrael B.M. and Mizrahi Tefahot Bank Ltd.
ANNUAL SALES
Sales
figures not
forthcoming.
BANKERS
Mizrahi
Tefahot Bank Ltd., Diamonds Business Branch (No. 466), Ramat Gan.
Bank
Leumi LeIsrael B.M., Diamonds Exchange Branch (No. 629), Ramat Gan.
CHARACTER AND REPUTATION
Nothing
unfavorable learnt.
Subject's
shareholder and general manager, Mr. Haim Katz, refused to disclose any data
on his company.
Mr.
Haim Katz used to serve as a director of the board of the Israel
Diamonds Exchange during the beginning of the 2000s.
According
to a report from June 2006, the local diamonds branch is in deep crisis, and
only 30% of Israeli diamonds companies are managing to make a profit. Part of
the crisis is attributed to the new marketing systems of the global monopoly DE
BEERS.
Despite
this, according to the Ministry of Industry and Trade, a recovery has been
noted in October 2006 in total (net) diamonds export, amounting to US$ 611
million, which represents a 58.5% increase comparing to October 2005. However,
total export of the first 10 months of 2006 is much similar to the export in
the same period in 2005: US$ 5.54 billion.
In the
first half of 2006, total (net) diamonds export reached US$ 4.43 billion, which
represents a 1.6% increase comparing to the parallel period in 2005.
Imports
of rough diamonds in the first half of 2006 decreased by 22.1%.
Total
(net) export of cut diamonds from Israel in 2005 reached US$ 6.706 billion,
5.8% increase from 2004. Exports of rough diamonds were US$ 3.51 billion, 20.6%
increase from 2004.
Import
of rough diamonds also increased in 2005 by 3.2% to US$ 5.31 billion and
imports of cut diamonds increased by 9.3% reaching US$ 4.508 billion.
The USA
is the main market for Israel’s export of cut diamonds (59%). The secondary
markets are Hong Kong (17%), Belgium (8%), Switzerland (2%) and the UK (2%).
SUMMARY
Notwithstanding
the refusal to disclose any details, considered 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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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