MIRA INFORM REPORT
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Report
Date : |
25th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
ELIBA DIAMONDS LTD. |
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Registered
Office : |
P.O Box 508 (52105), 54 Bezalel
Street, Ramat Gan 52521, Israel |
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Country: |
Israel |
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Date
of Incorporation : |
14.07.2004 |
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Com.
Reg. No.: |
51-356654-7 |
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Legal
Form : |
Private limited company |
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Line
of Business : |
Dealers in polished diamonds |
RATING & COMMENTS
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MIRA’s
Rating : |
Ba |
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
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Satisfactory |
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Payment
Behaviour : |
Regular |
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Litigation
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Clear |
NAME & ADDRESS
ELIBA
DIAMONDS LTD.
Telephone 972
3 613 19 91
Fax 972 3 613 19 93
P.O Box 508 (52105)
54 Bezalel
Street
RAMAT GAN 52521 ISRAEL
HISTORY
A private
limited company, registered as per file No. 51-356654-7 on the 14.7.2004.
Activities
begun in July 2005.
SHARE CAPITAL
Authorized
share capital of NIS 10,000.00 divided into:-
10,000 ordinary shares of NIS 1.00
each, of which shares amounting to NIS 100.00 issued.
SHAREHOLDERS
Subject is fully owned by Shavit Eliba.
SOLE DIRECTOR AND GENERAL MANAGER
Shavit Eliba.
BUSINESS
Dealers in
polished diamonds.
Operating
from rented premises, on an area of 50 sq. meters, in 54 Bezalel street, Ramat
Gan.
Having 2
employees.
MEANS
Financial data not forthcoming.
There are no charges registered on
the company's assets.
ANNUAL SALES
July –
December 2005 sales claimed to be US$ 3,000,000, 90% for export.
BANKERS
The First
International Bank of Israel Ltd., Habursa branch (no. 026), Ramat Gan, account
no. 134988.
A check
with the central bank database did not reveal anything detrimental on subject’s
a/m account.
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
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 |