MIRA INFORM REPORT
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Report Date : |
13.04.2011 |
IDENTIFICATION DETAILS
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Name : |
TAMIR ZUMAN LTD. |
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Registered Office : |
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Country : |
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Year of Establishment : |
1984 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Designers, Manufactures, Importers (of raw
material), Exporters and Marketers of silver jewelry. |
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$ 100,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company
name & address
TAMIR
ZUMAN LTD.
Telephone 972
8 940 82 68
Fax 972
8 940 83 44
Industrial
Zone B
NES ZIONA 74047-ISRAEL
HISTORY
& LEGAL FORMATION
Originally established as a sole
proprietorship in 1984.
Converted into a private limited company and
registered as such as per file No.
51-199690-2 on the 06.07.1994.
SHARE
CAPITAL
Authorized share capital
25,000
ordinary shares of
of which1,000 shares amounting to
SHAREHOLDERS
1. Tamir Zuman, fully owns subject,
2. FARKASH – LIVNAT TRUSTEE CO. LTD., holding 1
single share.
SOLE
DIRECTOR & GENERAL MANAGER
Tamir Zuman.
BUSINESS
Designers, manufactures, importers (of raw
material), exporters and marketers of silver jewelry.
Also operating a retail store.
90% of sales are export.
Export is mainly to the
Operating from rented premises, on an area
of 600 sq. meters, in
Having 60 employees.
MEANS
Financial data not forthcoming. Subject’s General
Manager and owner Tamir Zuman informed us that subject standing is solid and
profitable.
There are 6 charges for unlimited amounts registered on the company's
assets (financial assets), in favor of Bank Leumi Le'Israel Ltd. and Bank
Hapoalim Ltd.
ANNUAL
SALES
Sales figures not forthcoming.
BANKERS
Bank Leumi Le'Israel Ltd., Rehovot Branch
(No. 930), Rehovot.
CHARACTER
AND REPUTATION
Nothing unfavorable learned.
Subject's General Manager refused to
disclose financial data.
Subject is a veteran business.
According to Central Bureau of Statistics
(CBS) data, export by the Jewellery Goldsmith and
Silversmith branch in 2010 reached US$ 435.7 million, down from US$ 450.2
million in 2009 (3.2% decrease) and up from US$ 335 million in 2008 and US$ 390
million in 2007.
The division in export in 2008 was 62.7% for
gold and bronze jewelry, 16.3% fashion jewelries and 21% of silver jewelries.
In addition, Israeli manufacturers exported US$ 22.56 million of gold and
silver crafting items.
There are some 250 jewelry manufacturers, 200 of
which are exporters, manufacturing gold jewelry, silver jewelry and other
fashionable jewelry.
Most exports are to the
SUMMARY
Good for trade engagements.
Maximum unsecured credit recommended US$
100,000.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.22 |
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1 |
Rs.72.26 |
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Euro |
1 |
Rs.63.90 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.