MIRA
INFORM REPORT
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Report Date : |
30.10.2007 |
IDENTIFICATION
DETAILS
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Name : |
CARATI JEWELLER |
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Registered Office : |
P O Box 11-759, Ellerslie, Nz 1542 Auckland |
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Country : |
New Zealand |
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Date of Incorporation : |
June 2006 |
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Legal Form : |
Proprietory Concern |
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Line of Business : |
Import, design and retail of jewellery. |
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. |
Small |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
NAME
CARATI JEWELLER
ESTABLISHED
June 2006
ADDRESS
Shop 19
Sylvia Park Shopping centre
286 Mt Wellington Hwy, 1006, NZ
PROPRIETOR
HOWLEY, Rania
BUSINESS STRUCTURE
TRADING ADDRESS
Shop 19
Sylvia Park Shopping centre
286 Mt Wellington Hwy, 1006, NZ
POSTAL ADDRESS
PO Box 11-759
ELLERSLIE, NZ 1542 AUCKLAND
TELEPHONE (649) 573 6010
FACSIMILE (649) 573 6016
BANK
NATIONAL BANK OF NEW ZELAND
EMPLOYEES
5
BACKGROUND
The subject was established in New Zealand as a new venture in June
2006.
Proprietor Rania Howley maintains 10 years experience in the industry.
OPERATIONS
The subject operates in the import, design and retail of jewellery.
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 Proprietor Rania Howley, she
advised that for the current financial year ended 31 March 2008, the subject
projects to trade profitably and record revenue of NZ$1,000,000.
The subject maintains no overdraft facilities as all operations are
funded through the cashflows of the company and proprietor loans.
Further details pertaining to the subjects financial position were
unable to be obtained for the current enquiry.
TRADE SURVEY
The subject is noted to import most requirements.
A trade survey on the subject traced the following accounts:
Nominated supplier failed to respond to correspondence despite chasing.
SUMMARY
The subject was established in New Zealand as a new venture in June
2006.
Proprietor Rania Howley maintains 10 years experience in the industry.
For the current financial year ended 31 March 2008, the subject projects
to trade profitably and record revenue of NZ$1,000,000.
The subject maintains no overdraft facilities as all operations are
funded through the cashflows of the company and proprietor loans.
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%)