MIRA INFORM
REPORT
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Report Date : |
17.01.2011 |
IDENTIFICATION DETAILS
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Name : |
ZINDIA LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
14.06.2004 |
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Legal Form : |
Limited Company |
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Line of Business : |
subject
operates as an independent log export company with all product distributed to
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RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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
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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
ZINDIA LTD
CORPORATE SEARCH
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Entity Type: |
NZ Limited Company |
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Incorporated: |
14 Jun 2004 |
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Current Status: |
Registered |
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Constitution Filed: |
Yes |
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Annual Return Filing Month: |
June |
Registered Office
Address for Service
Directors
HUNT,
Gerald
148/a
LANDER,
Derek Ralph
MANNOTHRA,
Jacob Mani
58
OSBORNE,
Richard James
Shareholdings
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Total Number of Shares: |
3,000,000 |
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Extensive Shareholdings: |
No |
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1,500,000 |
807957 FLIGHT
FORESTRY LIMITED |
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1,500,000 |
1267756 SOUNDS
OF FOREST LIMITED Nair
& Associates Chartered Accountants, |
BUSINESS STRUCTURE
TRADING ADDRESS
North Renwick
Marlborough, NZ
TELEPHONE (643)
578 8525
MOBILE 021
514 714 – Richard Osborne
FACSIMILE (643) 578 4613
HOLDING ENTITIES FLIGHT FORRESTRY LTD
SOUNDS
OF FOREST LTD
BANK ANZ NATIONAL BANK
EMPLOYEES 4
BACKGROUND
The subject was incorporated in
OPERATIONS
The subject operates as an independent log export company
with all product distributed to
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 investigation, contact with the subjects Financial Controller, Margaret she advised that for the last financial year ended 31 March 2010 the subject traded profitably and recorded revenue of NZ$40,000,000 to NZ$50,000,000.
For the last financial year ended 31 March 2008, the subject traded profitably and recorded revenue of NZ$50,000,000 to NZ$60,000,000.
In regards to asset backing, the subject is noted to own the premises located at the above listed trading address.
The subject maintains financing facilities with ANZ National Bank which is used to assist in funding Working Capital requirements.
Further details pertaining to the subject’s financial position were unable to be obtained for the current enquiry.
TRADE SURVEY
A trade survey on the subject traced the following accounts:
1.
(
2.
(Hagney
Bros) Purchases are of an undisclosed amount on 20 day terms. Payment is met to
terms and the account is considered satisfactory having been known over 5
years.
SUMMARY
The subject was incorporated in
For the last financial year ended 31 March 2010 the subject traded profitably and recorded revenue of NZ$40,000,000 to NZ$50,000,000.
In regards to asset backing, the subject is noted to own the premises located at the above listed trading address.
Enquiries in trade quarters revealed satisfaction from one supplier 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.45.30 |
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|
1 |
Rs.71.73 |
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Euro |
1 |
Rs.60.40 |
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 |
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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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.