MIRA
INFORM REPORT
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Report Date : |
06.12.2011 |
IDENTIFICATION DETAILS
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Name : |
LAWHILL LIMITED |
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Registered Office : |
Lot 25, Wailada Road, Industrial Estate, Lami Suva, Fiji Island |
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Country : |
Fiji |
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Date of Incorporation : |
21.05.1988 |
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Com. Reg. No.: |
3027 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Provider of wines and spirits, “Fiji Coffee” and supply 95% of the tourism sector in Fiji. |
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No. of Employees : |
186 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 280,000.00 |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Fiji |
C1 |
C1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
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 & COMPANY
SUMMARY
Company Name: Lawhill Limited
Contact Information
|
Address |
Lot 25, Wailada Road, Industrial Estate, Lami Suva, Fiji Island |
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Postal Address |
PO Box 3256 Lami Fiji
Islands |
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Telephone |
+ 67 9 3361171 |
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Fax |
+ 67 9 3361137 |
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Email |
orders@lawhillfiji.com |
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Website |
www.lawhillfiji.com |
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Other Information |
- |
Registration Data
|
Date of Registration |
21/05/1988 |
|
Registration number |
3027 |
|
Legal address |
Lot 25, Wailada Road,
Industrial Estate, Lami Suva, Fiji Island |
|
Legal Form |
Limited Liability Company
|
|
Share Capital |
7,000,000.00 FJD |
|
Other Registration Data |
- |
CREDIT RECOMENDATION
Current Credit Limit: USD
280,000.00
DIRECTORS/MANAGEMENT
Board/Executive
|
Name |
Mr. Neil Underhill |
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Position within the company |
Owner |
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Country of Birth |
Fiji |
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Nationality |
Fijian |
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Can fluently speak |
English, Fijian |
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E-mail |
|
Name |
Mr. Greg Lawlor |
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Position within the company |
Owner |
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Country of Birth |
Fiji |
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Nationality |
Fijian |
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Can fluently speak |
English, Fijian |
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E-mail |
greglawlor@connect.com.fj |
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Name |
Mr. Rakesh Kumar |
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Position within the company |
Accountant |
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Country of Birth |
India |
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Nationality |
Indian |
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Can fluently speak |
English |
NEGATIVE INFORMATION
Litigation, Remarks on Payment
|
Litigation |
None Recorded |
|
Remarks on Payment |
No Complaints |
SHARE & SHARE CAPITAL
INFORMATION
Shareholders with Shares
|
Shareholder Names |
Share% |
|
|
Mr. Neil Underhill |
50% |
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Mr. Greg Lawlor |
50% |
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PAYMENT INFORMATION
Export/Import ( Countries, goods and
total values for the period)
|
Imports From |
Italy, Australia |
|
Importing Terms |
Letters of credit |
|
Import % and type of product |
100% - Finished
Goods |
FINANCIAL INFORMATION
Financial Information
It declined all financial information.
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
Changes in
Registration Data
None recorded
Activities ( realistic
and officials)
Provider of wines and spirits, “Fiji Coffee” and supply 95%
of the tourism sector in Fiji.
Staff
|
Number of staff employed |
186 |
Export/Import ( Countries, goods and
total values for the period)
|
Imports From |
Italy, Australia |
|
Importing Terms |
Letters of credit |
|
Import % and type of product |
100% - Finished
Goods |
Facilities
|
Owned |
Office, Factory |
|
Premises Size |
- |
Branches
|
Address |
8 Rodwell Rd, Suva Fiji |
Bankers
|
Bank |
National Bank of Fiji |
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Branch |
- |
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Address |
- |
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Telephone |
- |
Suppliers, Partners
|
Suppliers |
Not known |
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Partners |
Casella Wines Italy Frankland Estate Australia Penmara Wines Australia MITOLO Australia Hanging Rock Australia Angoves Australia |
NOTES & COMMENTS
Reporter Comments
|
Comments |
In the interview conducted with Mr. Rakesh Kumar, he
refused to cooperate with us. |
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Local Reputation |
The company being investigated is believed by local reporters to be a Medium
Trade Risk and to be fair. |
|
Owner/Shareholders Comments |
All or most of the owners / shareholders have an active participation in
the running of the business. |
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Age of Business |
Old Business |
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MAX CREDIT |
USD 280,000.00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.39 |
|
|
1 |
Rs.80.20 |
|
Euro |
1 |
Rs.68.92 |
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 |
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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 |
|
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 |
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 |
|
-- |
NB |
New Business |
-- |
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.