MIRA INFORM
REPORT
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Report Date : |
17.04.2013 |
IDENTIFICATION DETAILS
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Name : |
SUPERDIAM LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
16.11.1988 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Dealers, Importers, Exporters and Marketers of 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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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 |
SUPERDIAM LTD.
Telephone 972 3 575 34 96
Fax 972 3 575 04 83
Diamond Exchange,
Shimshon Bldg.
RAMAT GAN-52520-ISRAEL
A private limited company,
incorporated as per file No. 51-133556-4 on the 16.11.1988.
Authorized share
capital of
10,000 ordinary shares of
of which 1,200 shares amounting to
1. LABONZA CORP*, 84.6%, a foreign company from
2. Hamant Mahta, 15.4%.
* The company name
appears in Hebrew, therefore English name may be spelled differently
1. Hamant Mahta,
2. Ragesh Mahta.
Dealers, importers, exporters and marketers of diamonds.
Operating from
office premises, in
Number of
employees not forthcoming.
Financial data not
forthcoming.
There are no charges
registered on the company's assets.
Sales figures not forthcoming.
Bank data not forthcoming.
Nothing
unfavorable learned.
So far we were
unable to speak with Mr. Hamant Mahta (the authorized person to disclose data
on subject), as he was extremely busy. We were told we should call Friday, then
he should be available to talk to us. As soon as we manage to obtain
information we shall update you accordingly.
Subject is veteran
and according to our sources well-known in the branch.
During 2010 local
diamond companies have been recovering from one of the worst depressions in the
global diamond sector due to the severe economic crisis in global markets that erupted
in September 2008. The diamond sector experienced almost an entire freeze in
sales and collapse of about 70% in sales later. Only since mid
Overall in 2009,
export diamonds shrank by 40%. Export of cut diamonds (net) were US$ 3,922.6
million, representing 37% decrease compared to 2008. The depression in the
diamond sector comes after year 2007 marked a record in the export of cut
diamonds from
In comparison to
the parallel period in 2009, export of cut diamonds (net) in 2010 first 3
quarters increased by 62.5% to US$ 4,244 million, and export of rough diamonds
(net) reached US$ 2,263 million, representing 80% rise. Yet, in comparison to
previous years, export is still well lower.
Import of rough
diamonds (net) in the first 3 quarters of 2010 grew by 64% to US$ 2,609
million, compared with the parallel period in 2009, while import of cut
diamonds (net) saw 84% rise reaching US$ 2,803 million.
For the first
time, Far East markets have become
In February 2009,
According to the
President of the Israeli Diamonds Association, local banks contracted credit
given to local diamond firms in view of the global financial crisis, however,
he believes the local diamond sector is healthy: trade in the sector rolls
annual turnover of US$ 25 billion while total debt to the banks stands on US$
1.5 billion, down from US$ 2.4 billion in the eve of the crisis. Israel Ministry
for Industry & Trade also committed to support local diamond exporters by
providing bank guarantees in total scope of
Notwithstanding the lack of details from
subject’s officials so far, considered good for trade engagements.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.33 |
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UK Pound |
1 |
Rs.83.17 |
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Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.