MIRA
INFORM REPORT
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Report Date : |
19.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
KIWI COLLECTION
INC. |
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Registered Office : |
#301 993 West 8th
Avenue, Vancouver, British Columbia - V5Z 1E4 |
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Country : |
Canada |
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Date of Incorporation : |
30/10/2003 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Engaged as a
referral service and promotions provider for luxury hotels and resorts throughout
the world. |
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 |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: KIWI
COLLECTION INC.
Address: #301
993 WEST 8TH AVENUE
City: VANCOUVER
State/Province: BRITISH
COLUMBIA
Zip Code: V5Z
1E4
Country: CANADA
Telephone: 604.737.7397
Facsimile: 604.608.4841
In KCAD As of:
31/12/2006
Sales /
Revenue: 500
Net Income:
Total Equity:
Number of Employees:
20
Legal Form: Corporation -
Private
Website: www.kiwicollection.com
Maj.
Shareholder: MR. PHILIPPE KJELLGREN
Business Activity: KIWI COLLECTION INC. is engaged as a
referral service and promotions provider for
luxury
hotels and resorts throughout the world.
NOTE TO CLIENT
The information in
this report was provided by Mr. Brian Mumby, COO. A written request for
additional information has been faxed to the subject company. If a response is
received this report will be updated immediately.
Rating: Credit can be reasonably accepted up to
$10,000.
Amount
Requested: 100,000
The amounts
requested and advised are expressed in:
USD
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 30/10/2003
State/Province of
Incorporation: BC
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Status: ACTIVE
Incorporation
Number: BC0680251
Name of Company:
KIWI COLLECTION INC.
Recognition Date:
Incorporated on October 30, 2003
In Liquidation: No
Last Annual Report
Filed: October 30, 2006
Receiver: No
Managers/Key
Personnel
MR. PHILIPPE
KJELLGREN President
MR. BRIAN MUMBY Chief Operating Officer
MR. ERIC T.
HAUGEN Chief Executive Officer
OWNERS
MR. PHILIPPE
KJELLGREN %
Shareholder
MR. BRIAN MUMBY Shareholder
MR. ERIC T.
HAUGEN Shareholder
AFFILIATED ENTITIES
There are no
subsidiaries, divisions or parent companies.
BANKS
RBC ROYAL BANK
1025 GEORGIA ST
VANCOUVER BC
V6E 3N9
Telephone: 604
665-8734
Facsimile:
Account Number:
Open Since (D/M/Y): /11/2003
Account Manager: Mr. Alex Law
Average Monthly
Account Balance: CAD 970,000
Returned
Checks: None
Overall Rating: Excellent
PAYMENT HISTORY
No significant
payment record was found.
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End
(D/M/Y): 31/12/2006 31/12/2006 31/12/2006
Consolidated
Sales /
Revenues 500 - -
Financials are not
consolidated. This is due to a software database issue.
CURRENT OPERATIONS
NAICS Code: 51114
Database and Directory Publishers
SIC Code: 2741
NAICS Code: 5614
Business Support Services
Number of
Employees: 20
Business Activity:
KIWI COLLECTION INC.
is engaged as a referral service and promotions provider for luxury hotels and
resorts throughout the world. The
subject provides information regarding luxury hotels and resorts through its
website and print directory.
The heading address
is the headquarters for the subject company. There are additional branch
locations listed below:
Level 6, 69
Reservoir Street,
Surry Hills, Sydney,
NSW 2010
AUSTRALIA
2nd Fl. Berkeley
House
Berkeley Square
London W1J 6BD
UNITED KINGDOM
TRADE REFERENCES
Trade references
were declined.
PUBLIC RECORD
Nothing adverse
regarding the subject company was found.
GENERAL COMMENTS
KIWI COLLECTION INC.
is relatively new with annual sales in the CAD 500 thousand. Nothing adverse
regarding the subject company was found. The subject is considered to be
responsible for normal business transactions at this time.
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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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%)