MIRA INFORM REPORT

 

 

Report Date :

2nd November 2006

 

IDENTIFICATION DETAILS

 

Name :

WOODEX (SA) LIMITED

 

 

Registered Office :

C/- Robert Wong Ca Limited,

Level 2, Windsor Court,

128-136 Parnell Road,

Parnell, AUCKLAND 

 

 

Country :

New Zealand

 

 

Date of Incorporation :

9 October 2002

 

 

Com. Reg. No.:

1245896

 

RATING & COMMENTS

 

MIRA’s Rating :

No Rating

 

RATING

STATUS

PROPOSED CREDIT LINE

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

Status :

Undetermined

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

 

REGISTERED NAME:

WOODEX (SA) LIMITED

 

 

REGISTERED NUMBER:

1245896

 

 

OPERATING ADDRESS:

107 Cashel Street,

CHRISTCHURCH  

 

 

REGISTERED ADDRESS:

C/- Robert Wong Ca Limited,

Level 2,

Windsor Court,

128-136 Parnell Road,

Parnell,

AUCKLAND  

 

 

OTHER TRADING NAMES:

Nil

 

 

TELEPHONE NUMBER:

(03) 377 7290

 

 

FAX NUMBER:

(03) 377 7294

 

 

WEB SITE ADDRESS:

Unknown 

 

 

DATE OF INCORPORATION:

9 October 2002 – Incorporated in New Zealand     

 

 

CHANGE OF NAME:

Nil 

 

 

PAID CAPITAL:

$12,000 in $1 shares. 

 

 

DIRECTORS:

LAURENTIUS NICOLAAS BOSMAN

RD 1, Batty Road,

Papakura,

AUCKLAND

 

GORDON COLES

Clifton Terrace,

Sumner,

CHRISTCHURCH

 

 

SHAREHOLDERS:

Refer HISTORY

 

 

SECRETARY:

Not shown  

 

 

AUDITORS:

Not shown

 

 

REGISTERED CHARGES:

Nil

 

 

PAYMENTS:

Refer TRADING 

 

 

LEGAL ACTIONS / DEFAULTS:

Nil

 

 

EMPLOYEES:

The number of employees have not been ascertained.

 

 

PARENT COMPANY

 

NIL                  

 

 

 

ASSOCIATE COMPANIES

 

TRANSCONTINENTAL FOREST PRODUCTS LIMITED

 

 

 

ACTIVITIES

 

Details pertaining to the nature of the subject’s operations have not been ascertained at this time. 

 

Operations are believed to be conducted from premises situated at the heading address.

 

The number of employees have not been ascertained.

 

 

 

HISTORY

 

The subject was incorporated in New Zealand on 9 October 2002 as Woodex (SA) Limited. 

 

Registered Number: 1245896. 

 

Paid capital $12,000 in 12,000 shares paid to $1 each.

 

Shares are held by:

 

TRANSCONTINENTAL FOREST PRODUCTS LIMITED                             6,000

 

LAURENTIUS NICOLAAS BOSMAN                                }

JEANNET GERARDA MARIA BOSMAN                          } JOINTLY         6,000

BRENDAN JAMES SALISBURY MADDEN-SMITH           }

 

The above information is in accordance with the last Annual Return lodged with the New Zealand Companies Office on 14 June 2006 and compiled at report date.

 

Shareholding company, Transcontinental Forest Products Limited, was incorporated in New Zealand on 25 January 2001. Registered Number: 1112107. This company has a paid capital of $78 in $1 shares.

 

Shares are held by:

 

GORDON ARTHUR COLES                                                        39

 

ALAIN ROGER BOURGOGNE                            }

AND                                                                 } JOINTLY         39

MICHAEL CAMPBELL MCINTOSH CORMACK    }

 

The directors of this company are: Alain Roger Bourgogne and Gordon Arthur Coles.

 

Details pertaining to the company history and antecedent information on the directors have not been ascertained.

 

 

 

DIRECTORS

 

LAURENTIUS NICOLAAS BOSMAN was appointed to the board of directors on 9 October 2002.

 

GORDON COLES was appointed to the board of directors on 9 October 2002. He is believed to be fully active in the day to day operations of the company.

 

 

BANK

 

Details pertaining to the subject’s banking facilities have not been ascertained.

 

 

TRADING

 

Trade references in relation to the subject have not been obtained.

 

 

FINANCE

 

The subject has not lodged financial accounts with the New Zealand Companies Office.

 

 

REGISTERED CHARGES

 

There are no Registered Charges existing over the subject’s assets.

 

The ‘Personal Property Securities Act 1999’ (PPSA) came into effect on 1 May 2002.

 

The PPSA has brought together registered charges that were historically created under several different Acts, e.g. debentures registered pursuant to the Companies Act and charges over specific assets registered pursuant to the Chattels Transfer Act 1924.

 

Charges registered are called Security Interests.

 

The PPSA is also used by suppliers to register a charge over goods which have been supplied to the subject in respect of which the supplier terms of trade may previously have contained a “reservation of title” clause.

 

Charges over land are not registered under the PPSA and there may be charges over land in the name of the subject.

 

There are no Security Interests registered over goods – other and/or goods – motor vehicles.

 

 

RECORDED ACTIONS

 

Nothing of an adverse nature has been recorded against the subject.

 

 

INVESTIGATION

 

A number of attempts have been made to contact Mr Gordon Coles, Director, in October 2006, however the telephone number is answered by a recorded message.

 

Messages have been left requesting he contact this office, however to date a reply has not been received.

 

Should additional information come to hand this will be sent to you as an addendum to this report.

 

Enquiries made with trade sources failed to trace any additional information in relation to the subject.

 

A Land Titles Search has not been undertaken to ascertain what land, if any, stands in the subject’s name.  This can be undertaken on request.

 

 

CONCLUSION

 

The subject was incorporated in New Zealand on 9 October 2002 as Woodex (SA) Limited. 

 

Paid capital $12,000 in 12,000 shares paid to $1 each.

 

Full details in relation to the company have not been ascertained. If dealing with the subject on a credit basis, caution would be recommended until further details are obtained or the account is proven.

 

 

 

 

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

 

 

 

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