MIRA
INFORM REPORT
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Report Date : |
10.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
VERDAZ INVESTMENT AND FINANICAL CONSULTANTS LTD |
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Registered Office : |
99 Moyrus Crescent, Dannemora, Howick, Auckland |
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Country : |
New Zealand |
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Date of Incorporation : |
31-JAN-2006 |
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Com. Reg. No.: |
1763854 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Operates in the provision of financial, insurance and investment services and in the import and distribution of granite and marble. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
REGISTERED NAME
VERDAZ INVESTMENT AND FINANICAL CONSULTANTS LTD
Company Number
1763854
Company
VERDAZ INVESTMENT
AND FINANCIAL CONSULTANTS LIMITED
Incorporated
31-JAN-2006
Current Status
REGISTERED
Entity Type
Company
Constitution Filed
No
Annual Return Filing Month
April
Previous Names
Company Name Date
Changed
VERDAZ ENTERPRISES LIMITED 15-MAR-2007
Address Details
Registered Office
99 Moyrus Crescent
Dannemora, Howick
Auckland.
Address for Service
99 Moyrus Crescent
Dannemora, Howick
Auckland.
Directors
Name Date
Appointed:
POWVALLA, Eric 31-JAN-2006
99 Moyrus Crescent, Dannemora, Howick, Auckland.
POWVALLA, Soonu 31-JAN-2006
99 Moyrus Crescent, Dannemora, Haowick, Auckland.
Share Parcels
Total Number of shares 100
Number of Shares 50
Shareholder(s) POWVALLA,
Eric 99 Moyrus Crescent,
Dannemora, Howick, Auckland.
Number of Shares 50
Shareholder(s) POWVALLA,
Soonu 99 Moyrus Crescent, Dannemora,
Haowick, Auckland.
BUSINESS STRUCTURE
TRADING ADDRESS
99 Moyrus Cres
DANNEMORA, HOWICK, AUCKLAND
TELEPHONE (649) 271 3271
ASSOCIATED ENTITIES
PRECIOUS STONES
(NZ) LTD
LOTUS
ENTERTAINMENT LTD
BANK
NATIONAL BAKOF NEW ZEALAND
EMPLOYEES
5
BACKGROUND
The subject was incorporated in New Zealand on 31 January 2006 as Verdaz Enterprises Ltd, before adopting the current style on 15 March 2007.
Group operations were established in 2004
OPERATIONS
The subject operates in the provision of financial, insurance and investment services and in the import and distribution of granite and marble.
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, Eric Powvalla, he advised that for the last financial year ended 31 March 2007, the subject traded profitably and recorded revenue of over $200,000.
Current assets include stock on hand of $50,000 to $60,000.
The subject maintains no overdraft facilities as all operations are funded through the cashflows of the company.
Further details pertaining to the subject’s financial position were unable to be obtained for the current enquiry.
TRADE SURVEY
During the current investigation, it was advised that the subject imports all requirements.
A trade survey on the subject could not subsequently be conducted.
SUMMARY
The subject was incorporated in New Zealand on 31 January 2006 as Verdaz Enterprises Ltd, before adopting the current style on 15 March 2007.
Group operations were established in 2004
For the last financial year ended 31 March 2007, the subject traded profitably and recorded revenue of over $200,000.
The subject maintains no overdraft facilities as all operations are funded through the cashflows of the company.
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. |
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%)