MIRA
INFORM REPORT
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Report Date : |
7th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
ITZHAK LEVAVI |
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Registered Office : |
23 Tuval Street, Ramat Gan 52521 Israel |
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Country : |
Israel |
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Date of Incorporation : |
1981 |
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Legal Form : |
Sole proprietorship |
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Line of Business : |
Processors and marketers of diamonds. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
RATING
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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 |
NAME & ADDRESS
ITZHAK LEVAVI
Telephone 972 3 752 47 11
Fax 972 3 752 47 13
23 Tuval Street
RAMAT
GAN 52521 ISRAEL
HISTORY
A sole proprietorship, established
in 1981. License Dealer number 053666376.
OWNER AND GENERAL MANAGER
Itzhak Levavi.
BUSINESS
Processors and marketers of diamonds.
Operating from premises owned by the
shareholders, on an area of 110 sq. meters, in 23 Tuval street, Ramat Gan.
Having 12 employees.
MEANS
Financial data not forthcoming.
ANNUAL SALES
2004 sales claimed to be US$
36,000,000, 50% for export.
2005 sales claimed to be US$
30,000,000, 50% for export.
OTHER COMPANIES
QUEENY PROPERTIES &
MANAGEMENT LTD., real estate,
METZUDA LTD., financial
portfolios,
LEVAVI LLC, USA.
BANKERS
Union Bank of Israel Ltd.,
Gordon branch (no. 066), Tel Aviv.
CHARACTER AND REPUTATION
Nothing unfavorable learned.
According
to the Ministry of commerce, total export of cut diamonds from Israel in 2004
(net) reached US$ 6.333 billion, a 14.4% increase from 2003.exports of rough
diamonds were US$ 2.92 billion, a 31% increase from 2003.
Import
of rough diamonds also increased by 32.4% to US$ 5.15 billion, and imports of
cut diamonds increased by 4.6% to US$ 3.405 billion.
The USA
is the main market for Israel’s export of cut diamonds (67%). The secondary
markets are in the Far East (of which Hong Kong 13% and Japan 2%) and Europe
(of which Belgium 7% and Switzerland 3%).
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 |