MIRA INFORM REPORT

 

 

Report Date :

06.02.2008

 

IDENTIFICATION DETAILS

 

Name :

TREID PACIFIC (PNG) LTD

 

 

Registered Office :

Lot 80 Section 52 Varahe St Gordons Port Moresby NCD

 

 

Country :

Papua New Guinea

 

 

Date of Incorporation :

24.07.1985

 

 

Legal Form :

Private Company with Limited Liability

 

 

Line of Business :

Trader of Publishing & Printing

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 30,000.00  

 

 

Status :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

NAME OF THE COMPANY

TREID PACIFIC (PNG) LTD

 

Company Details

 

Identifier

:

31800598

Country

:

Papua New Guinea

Operating Address

:

Lot 80 Section 52 Varahe St Gordons Port Moresby NCD

Tel

:

[+675] 3254766

Fax

:

[+675] 3254214

Email

:

sales@treidpacific.com.pg

Primary Business Activity

:

Trader

Key Industry

:

Publishing & Printing

 

 

Key Facts

 

Registered Legal Address

:

Lot 80 Section 52 Varahe St Gordons Port Moresby NCD

Operational Address

:

Lot 80 Section 52 Varahe St Gordons Port Moresby NCD

Established Year

:

1985

License Number

:

1-10860

Date of Registration

:

24 July, 1985

Issuing Authority

:

Papua New Guinea Investment Promotion Authority

Legal Form

:

Private company with limited liability

Operational Status of Business

:

Normal

Employees

:

31

 

 

Adverse Data

 

 Results

:

Total of  0  record found.

 

 

Financial Summary  (Currency: U.S. $'s

 

 

 

Year

Sales

Assets

Net Income

1999

n/a

$1,689,304.90

n/a

 

 

 

Recommended Credit Limit - Trade Finance

 

Maximum Recommended Credit

:

USD 30,000.00  based on  90 days

 

 

 

 

Management & Products

 

 

 

 Products

:

Exercise book

 

 

Posters

 

 

Resource books

 

 

Textbooks

 

 

 

 

Commercial Credit Inquiries

 

 

Date of Inquiry

Industry
in which Inquirer Operates

Credit Type
(* / **)

Credit Amount

Period

5 Feb, 2008

Professional Services

MRC

USD 30,000.00

90 days

 

Note:

*

MRC

:

Maximum Recommended Credit

**

ISC

:

Inquirer Specified Credit

 

 

Fullcheck Report Details

 

 

 

 

 

 

 

Country

:

Papua New Guinea

Company Name

:

TREID PACIFIC (PNG) LTD

Primary Business Activity

:

Trader

Key Industry

:

Publishing & Printing

Established Year

:

1985

Office Contact Details

Operating Address

:

Lot 80 Section 52 Varahe St

Suburb

:

Gordons

City

:

Port Moresby

State

:

NCD

Tel

:

[+675] 3254766

Fax

:

[+675] 3254214

E-Mail

:

sales@treidpacific.com.pg

 

Postal Details

P.O. Box

:

6918

P.O. Suburb

:

Boroko

 

 

 

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Activity

Code

Product/Service Description

Trading

2731

Books and pamphlets

Trading

2732

Print Books

Trading

5192

Book/Periodical/Newspaper

 

 

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Activity

Code

Product/Service Description

Trading

4900

Printed books, newspapers, pictures, manuscripts, typescripts & plans

Trading

4901

Books, brochures & similar printed matter

Trading

4901990010

Textbooks

Trading

4911910020

Posters, printed

 

 

 

 

 

FINANCIAL & LEGAL STATUS

 

 

 

 

*Financial History*
===============
31 December, 1999      - Obtained total liabilities amounting to PGK 1,653,981.00

*Financials*
==========
As a private limited company there is no legal requirement according to local corporate law for public disclosure of detailed financials.

*Payment Terms*
=============
Sales
------
Local   : Cash or Credit

Purchases
--------------
Local   : Cash or Credit

 

 

 

 

 

ADVERSE DATA MONITORING

 

 

 

 

DISHONORED CHECKS

 

No Record Found

 

 

DEBT

 

No Record Found

 

 

LITIGATION

 

No Record Found

 

 

PERFORMANCE DEFAULTS

 

No Record Found

 

 

ADVERSE PRESS COVERAGE

 

No Record Found

 

 

FORMER COMPANY RELATIONSHIPS

 

No Record Found

 

 

 

 

 

PRODUCT, TECHNOLOGY, SERVICES DESCRIPTION

 

 

 

 

*Main Products & Services*
======================
Specializes in trading all types of commercial printing including books, posters and related products.

Products also include :
- Educational resource books

 

 

 

 

RELATED PARTIES DESCRIPTION

 

 

 

 

*Branches*
=========
Maintains another branch in Port Moresby NCD.

*Company Secretary*
=================
Jim Bruce Simatab
Address                      : Dagua Village (POBox 262), Wewak, East Sepik Papua New Guinea

 

 

 

 

SHAREHOLDERS

 

 

Total number of shareholders

:

30

Total number of shares

:

140,145

 

No.

Shareholders

Shares

Number

Amount

%

1

Mr. Jim Bruce Simatab

17,919.00

n/a

12.79

2

Mr. Tirowabu

17,477.00

n/a

12.47

3

Mr. Akikil Kikila

15,207.00

n/a

10.85

4

Mr. Ramuaina Wawaia Min

15,075.00

n/a

10.76

5

Mr. Ramuaina

15,074.00

n/a

10.76

6

Mr. Udu

9,741.00

n/a

6.95

7

Mr. Melly Paivu

5,381.00

n/a

3.84

8

TASUKOLAK LTD

5,250.00

n/a

3.75

9

Sir Ronald Tovue

4,383.00

n/a

3.13

10

Mr. Sunam Unicath

3,150.00

n/a

2.25

11

PUBLIC EMPLOYEES ASSOCIATION

3,150.00

n/a

2.25

12

Mr. Laur

2,596.00

n/a

1.85

13

Mr. & Mrs. Meriba Tovae

2,595.00

n/a

1.85

14

Mr. Apisai Tovue Jubilee

2,595.00

n/a

1.85

15

Mr. Raulabalbal

2,100.00

n/a

1.50

16

Mr. Tokilala

2,100.00

n/a

1.50

17

Mr. Matupit Momogil Rarup

2,100.00

n/a

1.50

18

Mr. Abuida Walvia Stanley

1,393.00

n/a

0.99

19

Mr. Elias Kepas

1,393.00

n/a

0.99

20

Mr. Joseph Matane

1,393.00

n/a

0.99

21

Mr. Ramata

1,050.00

n/a

0.75

22

Mr. Dorcas Stanley

1,050.00

n/a

0.75

23

Mr. Latimat Sakias

1,050.00

n/a

0.75

24

Mr. Lila Irima

1,050.00

n/a

0.75

25

Mr. Nelson Keine

1,050.00

n/a

0.75

26

Mr. Oliver Pencil Stanley

1,050.00

n/a

0.75

27

Mr. Ronald Topupul

1,050.00

n/a

0.75

28

Mr. Simaon Takep Kaiwi

1,050.00

n/a

0.75

29

Ms. Alice Niaring

1,050.00

n/a

0.75

30

Mr. Edward Malari

623.00

n/a

0.44

 

 

 

 

COMPANY DIRECTORS

 

 

1

 

 

Personal Unique Identifier

:

MI01928732

Name

:

Mr. Abuida Walvia Stanley

Nationality

:

Papua New Guinea

Registered Address

:

Viviran Village (PO Box 922)

Country of Residence

:

Papua New Guinea

 

 

 

2

 

 

Personal Unique Identifier

:

MI01928735

Name

:

Mr. Apisai Tovue Jubilee

Nationality

:

Papua New Guinea

Registered Address

:

Ratavul Village (PO Box 2036)

Country of Residence

:

Papua New Guinea

 

 

 

3

 

 

Personal Unique Identifier

:

MI01928733

Name

:

Mr. Edward Malari

Nationality

:

Papua New Guinea

Registered Address

:

Duke of Yoke (PO Box 899)

Country of Residence

:

Papua New Guinea

 

 

 

4

 

 

Personal Unique Identifier

:

MI01928730

Name

:

Mr. Jim Bruce Simatab

Nationality

:

Papua New Guinea

Registered Address

:

Dagua Village (POBox 262)

Country of Residence

:

Papua New Guinea

 

 

 

5

 

 

Personal Unique Identifier

:

MI01928731

Name

:

Mr. Melly Paivu

Nationality

:

Papua New Guinea

Registered Address

:

Matupit Village (PO Box 44)

Country of Residence

:

Papua New Guinea

 

 

 

6

 

 

Personal Unique Identifier

:

MI01928734

Name

:

Mr. Meriba Tovue

Nationality

:

Papua New Guinea

Registered Address

:

Kulan Village (PO Box 2012)

Country of Residence

:

Papua New Guinea

 

 

 

7

 

 

Personal Unique Identifier

:

MI01928729

Name

:

Sir Ronald Tovue

Nationality

:

Papua New Guinea

Registered Address

:

Ratavu Village (PO Box 354)

Country of Residence

:

Papua New Guinea

 

 

 

 

 

 

 

LOCAL DISTRIBUTION & WAREHOUSING

 

 

 

 

*Local Distribution Network*
=======================
100% of the annual turnover is attributed to local sales.

 

 

 

 

 

 

INTERNATIONAL TRADE ACTIVITY DESCRIPTION

 

 

 

 

*Export Markets*
==============
There is no record of export since the prime focus of the firm's activity is concentrated on local sales only.

 

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions