MIRA
INFORM REPORT
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Report Date : |
13.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
YAKOV DAVIDOV |
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Registered Office : |
54 Bezalel Street, Diamonds Exchange, Yahalom Tower, Ramat Gan 52521 |
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Country : |
Israel |
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Date of Incorporation : |
-- |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Dealers and 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 : |
Small
/ Unknown |
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
name
YAKOV DAVIDOV
address
54 Bezalel Street
Diamonds Exchange, Yahalom Tower
RAMAT GAN 52521 ISRAEL
Cellular : 972 54 397 72 83
HISTORY
A sole proprietorship.
License Dealer number and date of
establishment not forthcoming.
OWNER AND GENERAL
MANAGER
Yakov Davidov.
BUSINESS
Dealers, traders in diamonds.
Operating from 54 Bezalel Street, Diamonds
Exchange, Yahalom 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
Union Bank of Israel Ltd.,
Diamonds Exchange Branch (No. 062), Ramat Gan.
CHARACTER AND
REPUTATION
We found nothing detrimental on
subject and its owner.
Subject's owner, Mr. Yakov Davidov, refused
to disclose any data on his business, besides bank data and general activity
line.
Subject is a small business. It
does not appear at the Diamonds or other local trade directories.
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 2006, a year that witnessed many local
and global challenges, and end in the same level as 2005. In rough diamonds a
decrease was noted, due to marketing motives, and as high prices made the trade
in rough diamonds less attractive.
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 USA is the main market for
Israel’s export of cut diamonds (around 60%). The secondary markets are Hong
Kong (15%), Belgium (7%), Switzerland (5%) and the UK (2%).
SUMMARY
Considering the refusal to
disclose data and subject being a small business, dealing are recommended on a
secure basis.
Note: Subject has no wire-line telephone.
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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