MIRA
INFORM REPORT
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Report Date : |
02.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
CLASSIC DIAMONDS LTD. |
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Registered Office : |
23 Tuval Street (Formerly 52 Bezalel Street), Diamond Exchange, Noam
Building, Ramat Gan 52522 |
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Country : |
Israel |
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Date of Incorporation : |
8.12.1999 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Dealers in diamonds. |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
CLASSIC DIAMONDS LTD.
23 Tuval Street (formerly 52 Bezalel Street)
Diamond Exchange, Noam Building
RAMAT GAN 52522 ISRAEL
Telephone 972 3 752 18 65
Cellular 972 54 397 63
37
Fax 972 3 752 18
71
HISTORY
A private limited company, incorporated as per file No. 51-286629-4 on
the 8.12.1999.
SHARE CAPITAL
Authorized share capital of NIS 28,000.00 divided into: 28,000 ordinary
shares of NIS 1.00 each, of which shares amounting to NIS 120.00 were issued.
SHAREHOLDERS
1. Shabtai Ladreich,
2. Ms. Saline Ladreich, holding 1 single share.
SOLE DIRECTOR
Shabtai Ladreich
BUSINESS
Dealers in diamonds.
Operating from offices in 23 Tuval Street (formerly 52 Bezalel Street), Diamond
Exchange, Noam Building, Ramat Gan.
Number of employees not forthcoming.
MEANS
Financial data not forthcoming.
There are no charges registered on the company's assets.
ANNUAL SALES
Sales figures not forthcoming.
OTHER COMPANIES
CLASSIC DIAMONDS ISRAEL (07) LTD.
BANKERS
Banks data not forthcoming.
CHARACTER AND
REPUTATION
The Diamond Exchange operator provided us subject's telephone numbers,
situated in Room No. 705 in Noam Building. We initially spoke with a secretary,
who was not willing to cooperate with us. She put us to subject's manager. He
refused categorically to disclose any data, not even his name.
We did not find subject's shareholders in the Israeli Population
Registry, it may be that they are both foreign citizens.
Subject's status in the Registrar of Companies is "Active",
however according to the Registrar, subject has not paid fees to the Registrar
since year 2001 (total debt to the Registrar amounts to NIS 8,764.00).
Moreover, there are certain indications that suggest that subject is
inactive (and the business we spoke with may be operating under a different
legal entity), yet we were unable to confirm that fact.
Other then the above, we found nothing detrimental in our files on
subject or its shareholders.
Our research came up with a brand new registered company (2007), called
CLASSIC DIAMONDS ISRAEL (07) LTD., which is connected to subject.
SUMMARY
Considering the absolute refusal to disclose data, dealings are
recommended on a fully secured basis only.
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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)