MIRA
INFORM REPORT
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Report Date : |
18.07.2007 |
IDENTIFICATION DETAILS
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Name : |
HOLZMAN FABIAN DIAMONDS LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
28.2.2007 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Dealers, traders in diamonds. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
Correct Name &
address
HOLZMAN FABIAN DIAMONDS LTD.
Diamonds Exchange,
Telephone 972 3 575 95 72; 575 51 26
Fax 972 3 612 73 43
HISTORY
Originally founded as a sole proprietorship, under the name
FABIAN HOLZMAN DIAM
Converted into a private limited company and registered as such as per file No. 51-394792-9 on the 28.2.2007.
SHARE CAPITAL
Authorized share capital
SHAREHOLDERS
Subject is fully owned by Fabian Holzman.
SOLE DIRECTOR AND
GENERAL MANAGER
Fabian Holzman, born 1970.
BUSINESS
Dealers, traders in diamonds.
Operating from offices in
Number of employee not forthcoming, though believed to be few.
MEANS
Financial data not forthcoming.
There is 1 charge for an unlimited amount registered on the company's assets, in favor of Mizrahi Tefahot Bank Ltd.
ANNUAL SALES
Sales figures not forthcoming.
BANKERS
Mizrahi Tefahot
Bank Ltd.,
CHARACTER AND
REPUTATION
Nothing unfavorable learned.
Subject's official refused to disclose any data on his company.
Subject is a small
business.
The diamonds branch
has been recuperating from the deep crisis it got into during 2005/6, the worst
one for decades, which affected the profitability of Israeli diamond
businesses.
According to the
Ministry of Industry and Trade, the local diamonds branch managed to stabilize
the total volume of export of cut diamonds during
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
During the first half of 2007, import rough diamonds (net) to
In the first half of 2007, export of cut diamonds rose by 6% (mainly thanks to April sales) comparing to the parallel period in 2006, summing up to US$ 3.59 billion. Export of rough diamonds (net) also witnessed an increase of 22% to US$ 1.74 billion.
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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)