MIRA
INFORM REPORT
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Report Date : |
23.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
SHAHAR FREILICH 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 : |
6.7.1993 |
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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
SHAHAR FREILICH
DIAMONDS LTD.
23 Tuval Street
(formerly 52 Bezalel Street)
Diamond Exchange,
Noam Building
RAMAT GAN 52522 ISRAEL
Telephone 972 3 575 56 73
Fax 972 3 751 67 07
HISTORY
A private limited company,
incorporated as per file No. 51-183125-7 on the 6.7.1993.
SHARE CAPITAL
Authorized share
capital of NIS 20,800.00 divided into: 20,800 ordinary shares of NIS 1.00 each,
of which shares amounting to NIS 100.00 were issued.
SHAREHOLDERS
1. Itzhak Shahar, 35%,
2. Abraham Freilich, 35%,
3. Ms. Daphna Gali Shaked, 15%,
4. Ms. Sivan Freilich, 15%.
According to the Registrar of Companies, subject
has no registered directors.
JOINT GENERAL MANAGERS
1. Itzhak Shahar,
2. Abraham Freilich.
BUSINESS
Dealers in
diamonds.
Operating from
offices in 23 Tuval Street (formerly 52 Bezalel Street), Diamond Exchange, Noam
Building (7th floor, room No. 715), 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
SHAHAR DIAMONDS
2000 LTD., fully owned by Itzhak Shahar.
According to our,
using the same telephone number as subject.
BANKERS
Bank data not
forthcoming.
CHARACTER AND
REPUTATION
Nothing
unfavorable learned.
Both subject’s General Managers, the only
persons authorized to disclose data on the company, are presently abroad.
We are informed they are scheduled to return
in about a week time.
Therefore, we shall contact them upon their
arrival and update you accordingly.
SUMMARY
For the time
being, dealings are recommended on a secured basis.
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%)