MIRA INFORM REPORT
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Report Date : |
15.04.2011 |
IDENTIFICATION DETAILS
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Name : |
TRADEX OCEANIA LTD |
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Registered Office : |
Room 18, The Village, |
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Country : |
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Date of Incorporation : |
25.10.2002 |
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Legal Form : |
Limited Company |
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Line of Business : |
import and distribution of fruit and vegetable
raw ingredients |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
REGISTERED
NAME
TRADEX OCEANIA LTD
CN: 1250944
ADDRESS
GIVEN
The Village
CORPORATE
SEARCH
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Entity
Type: |
NZ Limited
Company |
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Incorporated:
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25 Oct 2002 |
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Current
Status: |
Registered |
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Constitution
Filed: |
Yes |
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Annual
Return Filing Month: |
May |
Registered
Office
Room 18, The
Village,
Address for
Service
Room 18, The
Village,
Directors
CHARTERIS, Julian
Michael John
Shareholdings
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Total Number
of Shares: |
100 |
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Extensive
Shareholdings: |
No |
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100 |
CHARTERIS, Fou |
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CHARTERIS,
Julian |
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1493306 NICHOLAS
INDEPENDENT TRUSTEE CO LIMITED Level 1, |
BUSINESS
STRUCTURE
TRADING ADDRESS
The Village
TELEPHONE (649)
638 4301
BANK ASB
EMPLOYEES 4
BACKGROUND
The subject was incorporated in
OPERATIONS
The subject operates in the import and distribution of fruit and vegetable raw ingredients including juices and frozen product.
Activities are conducted from premises located at the above listed trading address.
ADVERSE
A search of records failed to trace any litigation listed against the subject at that date.
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 she advised that for the last financial year ended 31 March 2010 the subject traded profitably and recorded revenue of NZ$50,000,000.
A similar result is projected for the current financial year ending 31 March 2011.
Current assets include stock on hand of NZ$1,500,000 to $2,500,000 and receivables of NZ$7,000,000.
The subject maintains a financing facility with its bankers which is used to assist in funding Working capital requirements.
Current liabilities include creditors of NZ$5,000,000.
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:
1. (Fruit Mark 03 8561 3100) Purchases range between $2,000 and $20,000 per month on 30 day terms. Payment is met in 30 days and the account is considered satisfactory having been known for over 1 year.
2. (Tropico Qld 07 5445 9055)Nominated supplier failed to respond to correspondence despite chasing.
SUMMARY
The subject was incorporated in
For the last financial year ended 31 March 2010 the subject traded profitably and recorded revenue of NZ$50,000,000.
A similar result is projected for the current financial year ending 31 March 2011.
Enquiries in trade quarters revealed satisfaction from suppliers contacted in dealing with the subject on a credit basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.48 |
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|
1 |
Rs.72.37 |
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Euro |
1 |
Rs.64.42 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.