MIRA INFORM
REPORT
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Report Date : |
10.01.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
HE PERRY LTD |
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Formerly Known As : |
Millridge Rentzios
Ltd |
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Registered Office : |
Duthie Whyte, Level 6, |
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Country : |
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Date of Incorporation : |
19.06.2009 |
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Legal Form : |
Limited Company |
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Line of Business : |
import and distribution of photographic
equipment include cameras, lenses and associated products |
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 : |
New Company |
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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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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
HE PERRY LTD
CN: 2266312
CORPORATE SEARCH
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Incorporated: |
19 Jun 2009 |
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Current Status: |
Registered |
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Constitution Filed: |
No |
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Annual Return Filing Month: |
February |
Registered Office
Duthie Whyte, Level 6,
Address for Service
Duthie Whyte, Level 6,
Directors
MILLIDGE,
Simon John
RENTZIOS,
Evaggelos
Shareholdings
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Total Number of Shares: |
100 |
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Extensive Shareholdings: |
No |
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50 |
RENTZIOS,
Evaggelos |
|
50 |
MILLIDGE,
Simon John |
BUSINESS STRUCTURE
TRADING ADDRESS
TELEPHONE (649) 303 1479
BRANCHES
BANK BANK OF
EMPLOYEES 14
BACKGROUND
The subject was incorporated in
The subject was formed to acquire the assets and operations of an existing business effective 1 July 2009.
Operations were originally established in 1932.
OPERATIONS
The subject operates in the import and distribution of photographic equipment include cameras, lenses and associated products.
The subject is the
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 Evan Rentzios he advised that for the last financial year ended 31 March 2010 the subject traded profitably and recorded revenue of NZ$10,000,000.
The subject expects to record lower trading results for the current financial year as a result of the effects of the global financial crisis.
Current assets include stock on hand of $500,000 and receivables of $2,000,000.
Current liabilities include creditors of less than $1,000,000.
The subject maintains an overdraft facility with its bankers which has a $500,000 credit limit. This facility is presently not being utilised as all operations are able to be funded through the internal cashflows of the company.
In regards to asset backing Director Evan Rentzios is advised to own the premises located at the above listed trading address.
TRADE SURVEY
A trade survey
on the subject traced the following accounts:
1. (DHL)
Subject operates with a $20,000 credit limit with purchases averaging $5,000 to
NZ$6,000 per month on 20 day terms. Payment is met in 30 to 40 days and the
account is considered satisfactory having been known under past and present
ownership since 1990.
2. (Olympus
SUMMARY
The subject was incorporated in
Operations were originally established in 1932.
For the last financial year ended 31 March 2010 the subject traded profitably and recorded revenue of NZ$10,000,000.
The subject expects to record lower trading results for the current financial year as a result of the effects of the global financial crisis.
In regards to asset backing Director Evan Rentzios is advised to own the premises located at the above listed trading address.
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.37 |
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|
1 |
Rs.70.38 |
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Euro |
1 |
Rs.58.93 |
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.