MIRA
INFORM REPORT
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Report Date : |
08.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
FABIAN
HOLZMAN DIAMONDS |
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Registered Office : |
1 Jabotinsky Street, Diamonds
Exchange, Maccabi
Tower, Ramat Gan
52520 |
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Country : |
Israel |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Dealers
& 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
FABIAN HOLZMAN DIAMONDS
Telephone 972
3 575 95 72
Fax 972
3 612 73 43
1 Jabotinsky Street
Diamonds
Exchange, Maccabi
Tower
RAMAT GAN 52520 ISRAEL
HISTORY
A sole proprietorship.
License Dealer number 015147051.
OWNER AND GENERAL MANAGER
Fabian Fabio Holzman, born 1970.
BUSINESS
Dealers, traders in diamonds.
Operating from offices in 1 Jabotinsky
Street, Diamonds Exchange, Maccabi Tower, Ramat Gan.
Number
of employee not
forthcoming, though believed to be few.
MEANS
Financial data not forthcoming.
ANNUAL SALES
Sales
figures not
forthcoming.
BANKERS
Bank data not forthcoming.
CHARACTER AND REPUTATION
Nothing
unfavorable learnt.
Subject's official
refused to disclose any data on their business.
Subject
is a small business.
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 raw diamonds.
According
to the Ministry of Industry and Trade, a recovery has also been noted in
October 2006 in total (net) diamonds export, amounting to US$ 611 million,
which represents a 58.5% increase comparing to October 2005. However, total
export of the first 10 months of 2006 is much similar to the export in the same
period in 2005: US$ 5.54 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%.
Total
(net) export of cut diamonds from Israel in 2005 reached US$ 6.706 billion,
5.8% increase from 2004. Exports of rough diamonds were US$ 3.51 billion, 20.6%
increase from 2004.
Import
of rough diamonds also increased in 2005 by 3.2% to US$ 5.31 billion and
imports of cut diamonds increased by 9.3% reaching US$ 4.508 billion.
The USA
is the main market for Israel’s export of cut diamonds (59%). The secondary
markets are Hong Kong (17%), Belgium (8%), Switzerland (2%) and the UK (2%).
SUMMARY
Considering
the refusal to disclose any data and subject being a small business, dealing
are recommended on a secure basis only.
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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