MIRA
INFORM REPORT
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Report Date : |
08.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
ERIC GELLER DIAMONDS LTD. |
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Registered Office : |
3 Jabutinsky Street, Ramat Gan 52520 |
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Country : |
Israel |
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Date of Incorporation : |
21.12.1999. |
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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 : |
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 |
NAME & ADDRESS
ERIC GELLER DIAMONDS LTD.
Telephone 972 3 613 18 86
Fax 972 3 613 14 55
P.O Box 3201 (52131)
3 Jabutinsky Street
RAMAT GAN 52520 ISRAEL
HISTORY
A private limited company, registered as per file No. 51-287360-5 on the 21.12.1999.
Originally registered under the name GELLER PROTHEA DIAMONDS LTD., which changed to the present name on 13.8.2001.
SHARE CAPITAL
Authorized share capital of NIS 38,100.00 divided into:
38,100 ordinary shares of NIS 0.00 each, of which shares amounting to NIS 100.00 were issued.
SHAREHOLDERS
Subject is fully owned by Arie Geller.
DIRECTORS
1. Arie Geller, General Manager,
2. Ms. Nirit Geller.
BUSINESS
Dealers in diamonds.
Operating from rented premises, on an ares of 40 sq. meters, in 3 Jabutinsky street, Ramat Gan.
Having 8 employees.
MEANS
Financial data not forthcoming.
There is 1 charge for unlimited amount registered on the company's assets, in favor of Israel Discount Bank Ltd.
ANNUAL SALES
2004 sales claimed to be US$ 4,500,000, 90% for export.
2005 sales claimed to be US$ 4,800,000, 90% for export.
First half of 2006 sales claimed to be US$ 2,500,000, 90% for export.
BANKERS
Israel Discount Bank Ltd., Diamonds Exchange branch (no. 080), Ramat Gan.
CHARACTER AND REPUTATION
Nothing unfavorable learnt.
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 |