MIRA
INFORM REPORT
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Report Date : |
16.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
STAR GEMS AND JEWELLERY LTD |
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Registered Office : |
91 Eugenia Rise, Silkwood Heights, Manukau City, Auckland |
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Country : |
New Zealand |
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Date of Incorporation : |
24.09.2001 |
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Com. Reg. No.: |
1164026 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import and Distribution 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 : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
REGISTERED NAME
STAR GEMS & JEWELLERY LTD
CORPORATE SEARCH
Company Number 1164026
Company STAR GEMS & JEWELLERY LIMITED
Incorporated 24-SEP-2001
Current Status REGISTERED
Entity Type Company
Constitution Filed No
Annual Return Filing Month June
Previous Names
No Previous Names on record
Address Details
Registered Office
91 Eugenia Rise
Silkwood Heights
Manukau City
Auckland
Address for Service
91 Eugenia Risr
Silkwood Heights
Manukau City
Auckland
Directors
Name
Date Appointed:
WADHWA, Tilak
29-JUL-2003
91 Eugenia Rise, Silkwood Heights, Manukau City, Auckland
WADHWA, Upasana
17-DEC-2001
91 Eugenia Rise, Silkwood Heights, Manukau City, Auckland
Share Parcels
Total Number of shares 1,000
Number of Shares 1,000
Shareholder(s) WADHWA, Tilak 91 Eugenia Rise, Silkwood Heights, Manukau City, Auckland
BUSINESS STRUCTURE
TRADING ADDRESS 8 Mana Place
MANUKAU CITY, AUCKLAND
TELEPHONE (642) 154 1151
BANK BANK OF NEW ZEALAND
EMPLOYEES 2
BACKGROUND
The subject was incorporated in New Zealand on 24 September 2001 under the current style.
Operations were established as a new venture in September 2001.
OPERATIONS
The subject operates in the import and distribution 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 the subjects Manager, he confirmed the subjects search and operational details, before forwarding all queries pertaining to the subject’s financial position to director Tilak Wadhwa.
Mr Wadhwa is present overseas and could not be contacted for the current enquiry.
As a result, details pertaining to the subject’s financial position were unable to be obtained.
TRADE SURVEY
During the current investigation, it was advised that the subject imports all requirements.
A trade survey on the subject was subsequently unable to be conducted.
SUMMARY
The subject was incorporated in New Zealand on 24 September 2001 under the current style.
Operations were established as a new venture in September 2001.
Details pertaining to the subject’s financial and trading
position were unable to be obtained for the current
enquiry.
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%)