MIRA
INFORM REPORT
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Report Date : |
25.11.2008 |
IDENTIFICATION DETAILS
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Name : |
JAMES CRISP LTD |
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Registered Office : |
2nd Floor Tasman Bldg |
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Country : |
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Date of Incorporation : |
31.07.1989 |
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Com. Reg. No.: |
430979 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Food Brokerages and represents major food manufacturers
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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 : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NAME GIVEN
JAMES KRISP LTD
SPECIAL NOTE
A search of failed to trace any registered entity listed under the given style. Further investigations revealed that the correct legal entity is James Crisp Ltd
REGISTERED NAME
JAMES CRISP LTD
CORPORATE SEARCH
Company Number 430979
Company JAMES
CRISP LIMITED
Incorporated 31-JUL-1989
Current Status REGISTERED
Entity Type Company
Constitution Filed Yes
Annual Return Filing Month September
Previous Names
(Names changed prior to 1992 may not be recorded)
No Previous Names on record
Address Details
Registered Office
2ND FLOOR
TASMAN BLDG
Address for
Service
2nd Floor
Directors
Name
Date Appointed:
HALL, Henry Newcomb 14-DEC-1994
HALL, Richard James 01-JUN-1993
Share Parcels
Total Number of shares 1,000
Number of Shares 500
Shareholder(s) HALL,
Avenue,
HALL,
Avenue,
HALL,
HENRY NEWCOMB 2nd
Avenue,
Number of Shares 500
Shareholder(s) HALL,
HENRY NEWCOMB 2nd
Avenue,
HALL,
Avenue,
HALL,
Avenue,
BUSINESS STRUCTURE
TRADING
ADDRESS 2nd
floor
Tasman
Bldg
16 –
TELEPHONE (649) 309 0802
Postal
Address:
Branches:
SEAVIEW,
HORNBY,
BANK NATIONAL
BANK OF
EMPLOYEES 30
BACKGROUND
The subject was incorporated in
Operations were established
by James Crisp in 1916.
OPERATIONS
The subject operates as one of
The subject imports and exports a number of food products including canned fruit, honey, salt, apricots, petfood, coconut cream, cranberry drinks, currants, sultanas, dehydrated fruit, noodles, soy sauce, canned sardines, oysters, mussels and mayonnaise.
Activities are conducted from lease 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 subject’s financial controller, he advised that for the last financial year ended 31 March 2008, the subject traded profitably and recorded revenue of between $50,000,000 and $80,000,000.
Current assets include stock on hand of $4,000,000.
Further details pertaining to the subject’s financial position were not provided for the current enquiry.
Enquiries in trade quarters revealed satisfaction from suppliers contacted in dealing with the subject on a credit basis.
TRADE SURVEY
A trade survey on the subject traced the following accounts:
- Nominated supplier failed to respond to correspondence despite
chasing.
- (
SUMMARY
The subject was incorporated in
Operations were established by James Crisp in 1916.
For the last financial year ended 31 March 2008, the subject traded profitably and recorded revenue of between $50,000,000 and $80,000,000.
Enquiries in trade quarters revealed satisfaction from suppliers contacted in dealing with the subject on a credit basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.09 |
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1 |
Rs.74.90 |
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Euro |
1 |
Rs.63.40 |
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%)