MIRA
INFORM REPORT
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Report Date : |
18.08.2007 |
IDENTIFICATION DETAILS
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Name : |
M. AMAR DIAM |
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Registered Office : |
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Country : |
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Date of Incorporation : |
24.07.2001 |
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Com. Reg. No.: |
51-313151-6 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
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
M. AMAR DIAM
Telephone 972 9 865 22 31
Cellular 972 54 397 74 93
Fax 972 9 885 78 80
NETANYA 42418
HISTORY
A private limited
company, incorporated as per file No. 51-313151-6 on the 24.7.2001.
SHARE CAPITAL
Authorized share
capital of
SHAREHOLDERS
Subject is fully owned by Moshe Amar.
DIRECTORS & GENERAL MANAGER
Moshe Amar
BUSINESS
Traders in
diamonds.
Subject imports
most of the diamonds and sells locally only, in the Tel Aviv Diamond Exchange.
Also manufacturers
and marketers of round stones.
Operating from an
office at the private residence of the shareholder in
Also operating a
lot from the
Having 2
employees.
MEANS
Financial data not
forthcoming.
There
ANNUAL SALES
2005 sales claimed to be US$ 2,000,000.
2006 sales claimed to be US$ 3,000,000.
BANKERS
Mizrahi Tefahot Bank Ltd.,
CHARACTER AND REPUTATION
Nothing unfavorable
learnt.
Subject's owner
and General Manager refused to disclose financial details, besides sales
figures.
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 rough diamonds.
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.
SUMMARY
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%)