MIRA
INFORM REPORT
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Report Date : |
06.08.2007 |
IDENTIFICATION DETAILS
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Name : |
A. DALUMI DIAM |
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Registered Office : |
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Country : |
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Date of Incorporation : |
1965 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturers, cutters, processors, 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 |
Correct Name &
address
A. DALUMI DIAM
Diamond Exchange,
Telephone 972 3 755 00 00
Fax 972 3 575 18 76; 751 58 35
HISTORY
A private limited company, incorporated as per file No. 51-305297-7
on the 24.12.2000, continuing the activities of a sole proprietorship business
originally founded in 1965, under the name DALUMI ASHER DIAM
SHARE CAPITAL
Authorized share capital of
SHAREHOLDERS
1. Asher Dalumi, 30%,
2. Tomer Dalumi, 20%,
3. Meir Dalumi, 15%,
4. Refael Yerusahlmi, 10%,
5. Ms. Sigalit Yerusahlmi, 10%,
6. Ms. Sara Dalumi, 10%,
7. Ms. Inbal Dalumi, 5%.
DIRECTORS
1. Asher Dalumi, General Manager,
2. Tomer Dalumi,
3. Meir Dalumi,
4. Refael Yerusahlmi,
5. Ms. Sigalit Yerusahlmi.
BUSINESS
Manufacturers, cutters, processors, importers, exporters and marketers of diamonds.
Operating from headquarters premises in
Also operating from a factory in mainland
Having over 200 employees.
MEANS
Financial data not
forthcoming, however has been known to be financially solid.
Subject (and in its
previous legal status) has been a sight holder from DCT (subsidiary of DE
BEERS) since 1993.
There are no charges registered on the company's assets.
ANNUAL SALES
2000 sales for export reported to be US$ 83,000,000.
2001 sales for export reported to be US$ 89,000,000.
2002 sales for export reported to be US$ 103,000,000.
2003 sales for export reported to be US$ 116,000,000.
2004 sales for export reported to be US$ 131,000,000.
2005 sales for export reported to be US$ 149,000,000.
2006 sales for export reported to be US$ 158,000,000.
BANKERS
Banker's data not forthcoming, however known to all main local bankers.
CHARACTER AND
REPUTATION
Nothing unfavorable learned.
Subject's officials refused to disclose any data on their company, as a policy.
Subject is a veteran
business, well-known in the diamond branch, being one of the leading companies
in
According to the
report published by the Israel Supervisor on Diamonds in the Ministry of
Industry and Trade, subject was ranked
4th in the 2006 list of
In 1995, DALUMI
ASHER DIAM
In March 2006 subject was awarded the Outstanding Exporter in the diamond sector
from the
In August 2006, it
was reported that subject will open a polishing factory in
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.
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%.
The
SUMMARY
Notwithstanding the refusal to disclose any data, 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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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%)