MIRA
INFORM REPORT
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Report Date : |
06.08.2007 |
IDENTIFICATION DETAILS
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Name : |
KATZ HAIM PRECIOUS STONES 1992 LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
9.1.1992 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Traders, importers, exporters and marketers of high-quality diamonds of all shapes and sizes. |
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 |
Correct Name &
address
KATZ HAIM PRECIOUS STONES 1992 LTD.
Diamond Exchange,
Telephone 972 3 613 07 60
Fax 972 3 751 08 70
Also known as
HAIM KATZ LTD. or HKD in short
HISTORY
A private limited company, incorporated as per file No. 51-164532-7 on the 9.1.1992, continuing the activities of business originally founded by Haim Katz in 1983.
SHARE CAPITAL
Authorized share capital of
SHAREHOLDERS
1. Haim Katz,
2. Mrs. Zohara Katz, wife of Haim, holding 1 single share,
both of
SOLE DIRECTOR &
GENERAL MANAGER
Haim Katz
BUSINESS
Traders, importers, exporters and marketers of high-quality diamonds of all shapes and sizes.
Sales are to many small customers.
Most purchasing is from import.
Operating from offices premises, owned by the shareholders, on
an area of 103 sq. meters, in
Having 5 employees.
MEANS
Financial data not
forthcoming.
There are 3 charges
for unlimited amounts registered on the company's assets, in favor of Bank
Leumi LeIsrael Ltd. and Mizrahi Tefahot Bank Ltd.
ANNUAL SALES
2006 claimed to be US$ 50,000,000, of which US$ 20,000,000 were for export.
First half of 2007 sales claim to be US$ 25,000,000, of which US$ 10,000,000 was for export.
OTHER COMPANIES
AMIRIM DIAMONDS LTD., 33.33% owned by Haim Katz, dealers in diamonds.
BANKERS
Mizrahi Tefahot Bank Ltd., Diamonds Business Branch (No. 466),
SBI State Bank, SBI Diamond Exchange Branch (No. 001),
CHARACTER AND
REPUTATION
Nothing unfavorable learned.
Mr. Haim Katz used to serve as a director of the board of the Israel Diamonds Exchange during the beginning of the 2000s. He enjoys good reputation in the diamond branch.
According to the
Ministry of Industry and Trade, the local diamonds branch managed to stabilize
the total volume of export of cut diamonds during
Total (net) export
of cut diamonds from Israel in 2006 reached US$ 6.610 billion, a mere decrease
of 1.5% from 2005 (US$ 6.709 billion). Exports (net) of rough diamonds were US$
2.701 billion, a 23.2% decrease from 2005 (US$ 3.517 billion, which was a 20.6%
increase from 2004).
Import of rough
diamonds (net) also fell in 2006 by 11.4% (from 2005) to US$ 4.709 billion,
while import of cut diamonds (net) increased in 2006 by 3.3% reaching US$ 4.025
billion.
The
During the first half of 2007, import rough diamonds (net) to
In the first half of 2007, export of cut diamonds rose by 6% (mainly thanks to April sales) comparing to the parallel period in 2006, summing up to US$ 3.59 billion. Export of rough diamonds (net) also witnessed an increase of 22% to US$ 1.74 billion.
SUMMARY
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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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%)