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MIRA
INFORM REPORT
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Report Date : |
09.08.2007 |
IDENTIFICATION DETAILS
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Name : |
UNIFORM GROUP ( |
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Registered Office : |
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Country : |
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Date of Incorporation : |
22.02.1993 |
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Legal Form : |
Limited Liability |
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Line of Business : |
Manufacture of school uniforms and workwear. |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME
UNIFORM GROUP (
CORPORATE SEARCH
Company Number 572859
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Company UNIFORM
GROUP (
Incorporated 22-FEB-1993
Current Status REGISTERED
Entity Type Company
Constitution Filed Yes
Annual Return Filing Month September
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Previous Names
Company
Name Date
Changed
UNIFORM
GROUP (AKLD) LIMITED 10-JUL-1995
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ADDRESS
Registered Office
Glendowie
Address for Service
Morningside
Address for Share Register
Glendowie
Directors
Name Date
Appointed:
GORDON, Adele Christine 27-MAR-2006
20B
GORDON, Ross
Grant
31-MAR-1993
20B
SMITH, Nigel
Philip
27-MAR-2006
Total Number of shares 20,000
Number of Shares 19,999
Shareholder(s)
GORDON, Ross Grant
20B
GORDON, Patience
Marie
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Number of Shares 1
Shareholder(s)
GORDON, Ross Grant
20B
BUSINESS STRUCTURE
TRADING ADDRESS
TELEPHONE (649) 845
5536
FACSIMILE (649)
845 5537
ASSOCIATED ENTITY WILLIAM SHAW NZ
LTD
BANK NATIONAL
BANK OF
EMPLOYEES 12
BACKGROUND
The subject was incorporated in
The subject was formed to restructure the assets and operations of
Uniform Group Ltd that was established on 1991.
OPERATIONS
The subject operates in the manufacture of school uniforms and workwear.
Clients include
Government Departments, School, and Local Bodies, Corporate & Sporting
organisations, NZ’s Olympic and Commonwealth Games Teams etc.
Activities are conducted from premises located at the above listed
trading address.
FINANCES
The subject is not required to lodge financial statements with the New
Zealand Companies Office.
During the current interview conducted with Director, Ross Gordon, he
confirmed the subjects search and operational details, however declined to
provide any financial information as a matter of strict company policy.
Subsequently details in this regard were unable to be obtained during
the current investigation
In regards to asset backing, the subject is noted to own the premises
located at the above listed trading address.
Enquiries in trade quarters revealed payments form one supplier
contacted still outstanding from May 2007.
TRADE SURVEY
A trade survey on the subject traced the following accounts:
Purchases average $1,000 to $2,000 per month on 30 day terms. Payment
for the May and June accounts are yet to be received. The account was
established in March 2007.
Nominated supplier failed to respond to correspondence despite chasing.
SUMMARY
The subject was incorporated in
The subject was formed to restructure the assets and operations of
Uniform Group Ltd that was established on 1991.
Financial details pertaining to the subject were unable to be obtained
for the current enquiry.
In regards to asset backing, the subject is noted to own the premises
located at the above listed trading address.
Enquiries in trade quarters revealed payments form one supplier
contacted still outstanding from May 2007.
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%)