MIRA INFORM REPORT

 

 

 

Report Date :

09.07.2008

 

IDENTIFICATION DETAILS

 

Name :

TRANSPACIFIC ALL BRITE PTY LTD

 

 

Registered Office :

C/-Brown & Sargent Lawyers  Level 10, 34 Shortland Street  Auckland

 

 

Country :

New Zealand

 

 

Date of Incorporation :

13.11.2006

 

 

Com. Reg. No.:

1883671

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Waster Collection and the Recycling of Waste Products to Produce Cardboard, Aluminum, Plastics etc.

 

 

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

 

Status :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

 

 

 

REGISTERED NAME      

 

TRANSPACIFIC ALL BRITE PTY LTD

 

 

CORPORATE SEARCH

 

Company Number                                1883671                                                                      

                                                                                                                                                

Company                                              TRANSPACIFIC ALL BRITE LIMITED                                

                                                                                                                                                

Incorporated                                        13-NOV-2006                                                               

                                                                                                                                                

Current Status                                      REGISTERED                                                                 

                                                                                                                                                

Entity Type                                           Company                                                                        

                                                                                                                                                

Constitution Filed                                 Yes                                                                                

                                                                                                                                                

Annual Return Filing Month                 November                                                                        

 

 

 

Previous Names

 

No Previous Names on record

 

 

Address Details

 

Registered Office

  C/-Brown & Sargent Lawyers

  Level 10, 34 Shortland Street

  Auckland

Address for Service

52-58 Austin Street

Onekawa

Napier

 

Directors

 

Name                                                                                                   Date Appointed:

COMBS, Michael Frank Thomson                                                          29-NOV-2006

    104 Ballantyne Road, Poraite, Napier

COMBS, Timothy Michael Blair                                                             29-NOV-2006

    55 Nilgiri Road, Poraite, Napier

COONAN, Trevor John                                                                          15-AUG-2007

    187 Baroona Road, Paddington, Queensland 4064, Australia

PEABODY, Terrence Elmore                                                                 13-NOV-2006

    14 Zelita Road, Moggill, Queensland 4070, Australia

WOODS, Terry Alfred                                                                           17-NOV-2006

    28 Murphy's Road, Glass Mountains, Queensland 4518, Australia

 

Share Parcels

 

Total Number of shares

200,000

 

 

 

  

Number of Shares

159,999

 

  

Shareholder(s)

1836683 - TRANSPACIFIC INDUSTRIES PTY. LTD

86 Lunn Avenue, Mt Wellington, Auckland

 

 

 

  

Number of Shares

40,000

 

  

Shareholder(s)

163485 - M.P.C. TRADERS LIMITED

Oldershaw & Co Ltd, Marewa House, Kennedy Road, Napier

 

 

 

  

Number of Shares

1

 

  

Shareholder(s)

1836683 - TRANSPACIFIC INDUSTRIES PTY. LTD

86 Lunn Avenue, Mt Wellington, Auckland

 

                                                                       

BUSINESS STRUCTURE

 

TRADING ADDRESS                 52 to 58 Austoin St

                                                ONEKAWA, NAPIER, NZ

 

TELEPHONE                             (646) 843 3103

 

FACSIMILE                                     (646) 843 3102

 

BRANCHES                                    TAKANINI, NZ

                                                        MT MAUNGANUI, NZ

                                                        GISBOURNE, NZ

                                                         LOWER HULL, NZ

 

HOLDING ENTITY                         TRANSPACIFIC INDUSTRIES P/L

 

ULTIMATE HOLDING

ENTITY                                          TRANSPACIFIC INDUSTRIES GROUP P/L

 

BANK                                         ANZ BANKING GROUP           

                                               

EMPLOYEES                            275

           

 

BACKGROUND

 

The subject was incorporated in New Zealand on13 November 2006 under the current style.

 

The subject was formed to take over the assets and operations of an existing business.

                                                                       

 

OPERATIONS

 

The subject operates in waster collection and the recycling of waste products to produce cardboard, aluminum, plastics etc.

 

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 Financial Controller, he confirmed the subjects search and operational details, however declined to provide any financial information as a matter of strict company policy.

 

Subsequently details in this regard were unable to be obtained during the current investigation.

 

The subject is ultimately owned by Transpacific Industries Group Ltd, a corporation that is listed on the Australian Stock Exchange that provides integrated industrial cleaning and total waste management to customers across Australia and New Zealand.

 

For the last financial year ended 30 June 2007, the group generated consolidated revenue of $1,287,918,000 which resulted in an operating profit before tax of $148,113,000 and after tax of $114,302,000.

 

At 30 June 2007 the group recorded total assets of $4,027,461,000 and Net Assets of $1,295,630,000.

 

 

TRADE SURVEY

 

A trade survey on the subject traced the following accounts:

 

  1. Nominated supplier declined to provide a reference owing to company policy.

 

  1. Nominated supplier failed to respond to correspondence despite chasing.

 

 

SUMMARY

 

The subject was incorporated in New Zealand on13 November 2006 under the current style.

 

The subject was formed to take over the assets and operations of an existing business.

                                                                       

Details pertaining to the subject’s financial or trading position were unable to be obtained for the current enquiry.

 

The subject is ultimately owned by Transpacific Industries Group Ltd, a corporation that is listed on the Australian Stock Exchange that provides integrated industrial cleaning and total waste management to customers across Australia and New Zealand.

 

For the last financial year ended 30 June 2007, the group generated consolidated revenue of $1,287,918,000 which resulted in an operating profit before tax of $148,113,000 and after tax of $114,302,000.

 

                                                 

                                               

                                     

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.42.72

UK Pound

1

Rs.84.42

Euro

1

Rs.67.38

 

 

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