MIRA INFORM REPORT

 

 

Report Date :

14th March, 2007

                                                         

IDENTIFICATION DETAILS

 

Name :

MAX DAHAN

 

 

Registered Office :

54 Bezalel Street, Ramat Gan  52521 Israel

 

 

Country :

Israel

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Dealers in diamonds

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Unknown

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

name & address

 

MAX DAHAN

Telephone                     972 3 612 44 15

Fax                               972 3 612 44 17

54 Bezalel Street

RAMAT GAN  52521 ISRAEL

           

 

HISTORY

 

A sole proprietorship, operating under License Dealer number 012502050. Year of establishment not forthcoming.

 

 

OWNER AND GENERAL MANAGER

 

Max Dahan.

 

 

BUSINESS

 

Dealers in diamonds.

 

Operating from premises in 54 Bezalel street, Ramat Gan.

 

Number of employees not forthcoming.

 

 

MEANS    

 

Financial data not forthcoming.

 

 

ANNUAL SALES

 

Sales figures not forthcoming.

 

 

OTHER COMPANIES

 

Y.R.T.M DIAMONDS (2002) LTD.,

DAHAN MAX MANAGEMENT AND HOLDINGS LTD.,

LEVY DAVID AND DAHAN MAX,

MAXIS DIAMONDS.

 

 

BANKERS     

 

Bank data not forthcoming.

 

 

CHARACTER AND REPUTATION

 

Nothing unfavorable learned.

 

Subject officials refused to disclose any details.

 

According to an article from June 2006, the local diamonds branch is in deep crisis, and only 30% of Israeli diamonds companies are managing to make a profit. Part of the crisis is attributed to the new marketing systems of the global monopoly DE BIRS.

 

According to the Ministry of commerce, total export of cut diamonds from Israel in 2005 (net) 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 by 3.2% to US$ 5.31 billion, and imports of cut diamonds increased by 9.3% to US$ 4.508 billion.

 

In the first 5 months of 2006, exports of cut diamonds were US$ 3.043 million, 1.5% decrease fro the parallel period in 2005, and imports of rough diamonds decreased by 11.6%.

 

The USA is the main market for Israel’s export of cut diamonds (69%). The secondary markets are Hong Kong (13%), Belgium (6%), Switzerland (4%) and the UK (2%).

 

 

SUMMARY    

 

Considering the refusal to disclose any details, dealings are recommended on a fully secure basis.

 

 

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

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions