MIRA
INFORM REPORT
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Report Date : |
05.10.2007 |
IDENTIFICATION DETAILS
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Name : |
RUBEN SPITZ |
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Registered Office : |
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Country : |
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Date of Incorporation : |
1993 |
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Legal Form : |
Sole
Proprietary |
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Line of Business : |
Diamond
Dealers. |
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 : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
NAME
RUBEN SPITZ
ADDRESS
3,
RAMAT GAN-52520,
TELEPHONE : 03-7521616
FAX : 03-5751602
SUMMARY
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YEAR STARTED |
1993 |
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CORPORATE FORM |
SOLE PROPRIETARY BUSINESS |
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TOTAL STAFF |
1 |
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SALES TURNOVER |
NOT AVAILABLE |
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FINANCIAL CONDITION |
NO NEGATIVE INFORMATION |
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OPERATING TREND |
NO NEGATIVE INFORMATION |
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BUSINESS RELATIONS |
REGARDED AS GOOD FOR THEIR |
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PAYMENT |
NO NEGATIVE INFORMATION |
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NOTHING DETRIMENTAL UNCOVERED |
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CREDIT RISK |
AVERAGE |
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CREDIT LIMIT |
SUGGEST CREDIT AGAINST
GUARANTEES WHEN LARGE SUMS INVOLVED. |
LEGAL STATUS
SOLE PROPRIETARY BUSINESS ESTABLISHED IN 1993 PER VAT NO. 00822405-7.
MANAGEMENT
MANAGER: REUVEN (RUBEN) SPITZ, BORN 1944
BUSINESS ACTIVITIES
DIAMONDS
S.I.C.: 50.94.0102
DIAMOND DEALERS.
SUBJECT IS A MEMBER OF THE DIAMOND EXCHANGE.
PREMISES
BUSINESS IS CONDUCTED FROM PREMISES SITUATED AT CAPTION
ADDRESS.
STAFF
1 EMPLOYEE.
FINANCIAL INFORMATION
SUBJECT
AS A SOLE PROPRIETOR BUSINESS DOES NOT PUBLISH BALANCE SHEET OR RELATED
INFORMATION.
IT IS
THE POLICY AND PRACTICE OF PARTIES ENGAGED IN THE DIAMOND TRADE TO PROVIDE ONLY
VERY LIMITED INFORMATION CONCERNING THEIR BUSINESS OPERATIONS.
DETAILS
OF INVESTMENTS AND TURNOVER DECLINED.
RECORDS
NOTHING DETRIMENTAL UNCOVERED.
BANKERS
UNION BANK OF ISRAEL LTD.,
REMARKS
MR. REUVEN SPITZ WAS
INTERVIEWED FOR THIS REPORT.
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%)