MIRA
INFORM REPORT
|
Report Date : |
19.01.2007 |
IDENTIFICATION
DETAILS
|
Name : |
GIL KLONSKY DIAMONDS LTD. |
|
|
|
|
Registered Office : |
1 Jabotinsky Street, Diamond
Exchange, Maccabi Tower, RAMAT GAN 52520 |
|
|
|
|
Country : |
Israel |
|
|
|
|
Date of Incorporation : |
31.07.2003 |
|
|
|
|
Com. Reg. No.: |
51-343976-0 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Processors, international
traders (buying and selling) of diamonds |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually
Correct |
|
|
|
|
Litigation : |
Clear |
Correct Name
GIL KLONSKY DIAMONDS LTD.
Telephone 972 3 575 98 35; 575 49 48
Fax 972 3
575 58 08
1 Jabotinsky Street
Diamond Exchange, Maccabi Tower
RAMAT GAN 52520 ISRAEL
HISTORY
A private limited company,
incorporated as per file No. 51-343976-0 on the 31.7.2003.
SHARE CAPITAL
Authorized share capital of NIS
200.00 divided into:
100 ordinary shares, of NIS 1.00
each,
2 management shares, of NIS 50.00
each,
fully issued.
SHAREHOLDERS
Subject
is fully owned by Gilad (Gil) Klonsky.
SOLE DIRECTOR AND
GENERAL MANAGER
Gilad
(Gil) Klonsky
BUSINESS
Processors, international traders
(buying and selling) of diamonds.
70% - 90% of sales are for
export.
Among service suppliers: AMIR
SMALL BUSINESS SOLUTIONS (financial software solutions).
Operating from rented premises in
1 Jabotinsky Street, Diamond Exchange, Maccabi Tower (17th floor,
room No. 32), Ramat Gan.
Having 6 - 10 employees.
MEANS
Financial data not forthcoming.
There is 1 charge for unlimited
amount registered on the company's assets, in favor of Mizrahi Tefahot Bank
Ltd.
ANNUAL SALES
Sales figures not forthcoming.
OTHER COMPANIES
GIL KLONSKY - PURCHASING LTD.,
non-active.
BANKERS
Mizrahi Tefahot Bank Ltd.,
Diamond Business Center Branch (No. 466), Ramat Gan.
CHARACTER AND
REPUTATION
Nothing unfavorable learnt.
Subject's owner and General
Manager, Gil Klonsky, refused to disclose financial data on his company.
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 (59%). The secondary markets are Hong Kong
(17%), Belgium (8%), Switzerland (2%) and the UK (2%).
SUMMARY
Notwithstanding the refusal to
disclose financial data, considered good for trade engagements.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|