MIRA
INFORM REPORT
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Report Date : |
04.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
A D R GOLD LTD |
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Formerly Known As : |
OURIEL ARANBAYOV A DR GOLD LTD |
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Registered Office : |
64 Allenby Street, Tel Aviv 65812 |
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Country : |
Israel |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
1982 |
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Com. Reg. No.: |
51-288580-7 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Designers, manufacturers, Marketers and exporters of gold and
Diamonds. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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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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Maximum Credit Limit : |
US$ 50,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
Company Name and
Address
OURIEL ARANBAYOV A
DR GOLD LTD
64 Allenby Street
TEL AVIV65812
ISRAEL
Correct Name: A.D.R.
GOLD LTD.
Telephone 972 3 517
37 49
Fax 972 3
510 08 47
HISTORY
Originally founded as a sole proprietorship
in 1982.
Converted into a private limited company,
and registered as such as per file
No. 51-288580-7 on
the 17.01.2000.
SHARE CAPITAL
Authorized share
capital NIS 38,100.00, divided into - 38,100 ordinary shares of NIS 1.00 each,
of which shares amounting to NIS 100.10 were issued.
SHAREHOLDERS
v
Ouriel Aranbayov, 99%,
v
Ms. Iris Aranbayov, wife of Ouriel, 1%.
SOLE DIRECTOR AND
GENERAL MANAGER
Ouriel Aranbayov,
born 1964.
BUSINESS
Designers, manufacturers,
marketers and exporters of gold and diamonds jewelries.
Also importers and
marketers of gold and diamonds jewelries.
70% of sales are
for export.
Operating from premises (offices and workshop), owned by the
shareholders, on an area of 200 sq. meters, in 64 Allenby Street, Tel Aviv.
Having 11
employees.
MEANS
Subject's financial data not forthcoming.
Subject's shareholder Ouriel Aranbayov owns
3 apartments in 64 Allenby Street, Tel Aviv: 2 apartments are occupied by subject
and the third one is leased to third party. The total value of the 3 apartments
estimated at US$ 1,000,000.
There is 1 charge for an unlimited amount
registered on the company assets (financial assets), in favor of Bank Leumi
LeIsrael Ltd.
ANNUAL SALES
2006 sales claimed
to be US$ 2,000,000.
2007 sales claimed
to be US$ 2,000,000.
BANKERS
Bank Leumi LeIsrael Ltd., Bialik Branch (No.
803), Tel Aviv
CHARACTER AND
REPUTATION
Nothing
unfavorable learned.
According to the Israeli Export Institute,
export of the jewelry branch in 2006 reached US$ 390 million, comparing to US$
380 million in 2005. The division in export was 80% for gold jewelry (of which
34% were gold mixed with diamonds), 12.5% silver jewelries and 7.5% fashion
jewelries.
There are some 250 jewelry manufacturers, 200 of
which are exporters, manufacturing gold jewelry, silver jewelry and other
fashionable jewelry.
Over 50% of exporters are to the USA, some 20%
to Europe, 5% to Asia (mainly Hong Kong and Thailand) and the balance to the
rest of the world.
SUMMARY
Good for trade engagements.
Maximum unsecured credit recommended US$ 50,000.
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. |
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%)