MIRA
INFORM REPORT
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Report Date : |
18.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
IN BOND LIMITED |
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Registered Office : |
36 Sylvan Park Avenue, Milford, Auckland 1309 |
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Country : |
New Zealand |
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Date of Incorporation : |
08.04.1952 |
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Com. Reg. No.: |
49546 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Manufacture and Wholesale of Jewellery and Loose
Diamonds |
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 : |
No Complaints |
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Litigation : |
Clear |
NAME GIVEN
IN BOND LIMITED
T/AS THE HOUSE OF BOND
Company Number
49546
Company
I N BOND LIMITED
Incorporated
08-APR-1952
Current Status
REGISTERED
Entity Type
Company
Constitution Filed
Yes
Annual Return Filing Month
June
Previous
Names
(Names changed prior to 1992 may not be recorded)
No Previous Names on record
Address Details
Registered Office
36 Sylvan Park Avenue
Milford
Auckland
1309
Address for Service
Onsite Accounting & Tax Limited
36 Sylvan Park Ave
Milford
Auckland 1309
Address for Share Register
Onsite Accounting & Tax Limited
36 Sylvan Park Ave
Milford
AUCKLAND 1309
Address for - MINUTES FINANCIAL REC
Onsite Accounting & Tax Limited
36 Sylvan Park Ave
Milford
AUCKLAND 1309
Directors
(Where appointments are prior to February 1993 the date shown may relate to when the information was entered on this database.)
Name Date Appointed:
BOND, Ian Norman 17-MAY-1990
21 St Stephens Avenue, Parnell, Auckland
BOND, Monique Estella 10-NOV-2004
Apt 6a, 14 Emily Place, Auckland CBD
Share Parcels
Total Number of shares 277,500
Number of Shares 277,498
Shareholder(s) BOND, Ian Norman 21 St Stephens Ave, Parnell, Auckland
MILNE, Clement David 11d Burwood Cres, Remuera
BOND, Gwenneth Martha 21 St Stephens Ave, Parnell, Auckland
Number of Shares 1
Shareholder(s) BOND, Ian Norman 21 St Stephens Ave, Parnell, Auckland
Number of Shares 1
Shareholder(s) BOND, Gwenneth Martha 21 St Stephens Ave, Parnell, Auckland
BUSINESS STRUCTURE
TRADING ADDRESS 131 Mt Edan Rd AUCKLAND, NZ
TELEPHONE (649) 638 9039
FACSIMILE (649) 638 9039
BANK WESTPAC BANKING CORPORATION
EMPLOYEES 7
BACKGROUND
The subject was incorporated in New Zealand on 8 April 1952 under the current style.
Operations in the current format have been established for 36 years.
The Bond family has origins in the industry that date back over 100 years.
OPERATIONS
The subject operates in the import, manufacture and wholesale of jewellery and loose diamonds.
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 Ian Bond, he advised that for the last financial year ended 31 March 2007, the subject traded profitably and recorded revenue of $7,000,000.
A similar result is forecast for the current financial year ending 31 March 2008.
In regards to asset backing and associated company of Director Ian Bond is advised to own the premises located at the above listed trading address.
Enquiries in trade quarters revealed satisfaction from one supplier contacted in dealing with the subject on a credit basis.
TRADE SURVEY
A trade survey on the subject traced the following accounts:
Subject operates a large account on 30 day terms. Payment is met in 30 days and the account is considered satisfactory, having been known over 10 years.
Nominated supplier failed to respond to correspondence despite chasing.
SUMMARY
The subject was incorporated in New Zealand on 8 April 1952 under the current style.
Operations in the current format have been established for 36 years.
For the last financial year ended 31 March 2007, the subject traded profitably and recorded revenue of $7,000,000.
In regards to asset backing and associated company of Director Ian Bond is advised to own the premises located at the above listed trading address.
Enquiries in trade quarters revealed satisfaction from one supplier contacted in dealing with the subject on a credit basis.
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%)