MIRA
INFORM REPORT
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Report Date : |
06.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
FABIAN HOLZMAN
DIAMONDS |
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Registered Office : |
1 Jabotinsky Street, Diamonds Exchange,
Maccabi Tower, Ramat Gan 52520 |
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Country : |
Israel |
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Date of Incorporation : |
-- |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Dealers &
Traders 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 : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Company name & Address
FABIAN HOLZMAN DIAMONDS
Telephone 972 3 575 95 72
Fax 972 3 612 73 43
1 Jabotinsky Street
Diamonds Exchange, Maccabi Tower
RAMAT
GAN 52520 ISRAEL
HISTORY
A sole proprietorship.
License Dealer number 015147051.
OWNER AND GENERAL MANAGER
Fabian Fabio Holzman, born 1970.
BUSINESS
Dealers, traders in diamonds.
Operating from offices in 1 Jabotinsky
Street, Diamonds Exchange, Maccabi Tower, Ramat Gan.
Number of employee not forthcoming, though
believed to be few.
MEANS
Financial data not forthcoming.
ANNUAL SALES
Sales figures not forthcoming.
BANKERS
Bank data not forthcoming.
CHARACTER AND REPUTATION
Nothing unfavorable learnt.
Subject's official refused to disclose any data on their
business.
Subject is a small business.
According to a report from November 2006,
the diamonds branch is on the verge of a significant recuperation after the
deep crisis it got into, the worst one for decades, which affected the
profitability of Israeli diamond businesses. World sales towards Thanksgiving
Day grew by 10% comparing to 2005. That already led to a rise in raw diamonds.
According to the Ministry of Industry and
Trade, a recovery has also 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
Considering the refusal to disclose any data
and subject being a small business, dealing are recommended on a secure 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%)