MIRA
INFORM REPORT
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Report Date : |
21st
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
KUBERA
PROPERTIES LIMITED |
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Registered Office : |
99 Moyrus Crescent, Dannemora, Auckland |
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Country : |
New
Zealand |
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Date of Incorporation : |
31.03.2006 |
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Com. Reg. No.: |
1795714 |
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Legal Form : |
Limited
Liability Company |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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Status : |
New
Company |
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
Summary
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REGISTERED NAME: |
KUBERA PROPERTIES LIMITED |
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REGISTERED NUMBER: |
1795714 |
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OPERATING ADDRESS: |
99 Moyrus Crescent, Dannemora, AUCKLAND |
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REGISTERED ADDRESS: |
99 Moyrus Crescent, Dannemora, AUCKLAND |
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OTHER TRADING NAMES: |
Nil |
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TELEPHONE NUMBER: |
No listing |
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FAX NUMBER: |
Unknown |
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WEB SITE ADDRESS: |
Unknown |
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DATE OF INCORPORATION: |
31 March 2006 – Incorporated in New Zealand |
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CHANGE OF NAME: |
Nil |
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PAID CAPITAL: |
$100 in $1 shares. |
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DIRECTOR: |
ERIC FARDUN POWVALLA 99 Moyrus Crescent, Dannemora, AUCKLAND |
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SHAREHOLDERS: |
Refer HISTORY |
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SECRETARY: |
Not shown |
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AUDITORS: |
Not shown |
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REGISTERED CHARGES: |
Nil |
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PAYMENTS: |
Refer TRADING |
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LEGAL ACTIONS / DEFAULTS: |
Nil |
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EMPLOYEES: |
Not ascertained. |
PARENT COMPANY
NIL
ACTIVITIES
Details
pertaining to the nature of the subject’s operations have not been ascertained
at this time.
Operations are 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 31 March 2006 as Kubera Properties Limited.
Registered
Number: 1795714.
Paid
capital $100 in 100 shares paid to $1 each.
Shares
are held by:
ERIC
FARDUN POWVALLA 51
NAJEEB
ALI MIRZA 49
The
above information is in accordance with the original documents lodged with the
New Zealand Companies Office on incorporation and compiled at report date.
Details
pertaining to the company history and antecedent information on the directors
have not been ascertained.
DIRECTOR
ERIC FARDUN POWVALLA was appointed to the board of
directors on 31 March 2006.
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
Attempts
have been made to contact a principal from the subject in November 2006,
however Telecom New Zealand have advised there is no telephone listing in the
name of the subject or the director.
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 31 March 2006 as Kubera Properties Limited.
Paid
capital $100 in 100 shares paid to $1 each.
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
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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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