MIRA INFORM REPORT
|
Report Date : |
24.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
LTS SUPPLIERS PTY LTD |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
16.02.2006 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
distribution of
building and construction products specialising in plastic horseshoe packers |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment
Behaviour : |
No Complaints |
|
|
|
|
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) |
|
|
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
REGISTERED NAME
LTS SUPPLIERS PTY
LTD
CN:1770604
CORPORATE SEARCH
|
Entity Type: |
NZ Limited Company |
|
Incorporated: |
16 Feb 2006 |
|
Current Status: |
Registered |
|
Constitution Filed: |
No |
|
Annual Return Filing Month: |
June |
Registered Office
Address for Service
Directors
MARTIN-WINDBUCHLER, Roni Heni Te Noho Pani Jane
26 The Enclave, Manukau
WINDBUCHLER, Brooke Heinrich
26 The Enclave, Manukau
Shareholdings
|
Total Number of Shares: |
100 |
|
Extensive Shareholdings: |
No |
|
100 |
MARTIN-WINDBUCHLER, Roni Heni Te Noho Pani Jane 26 The Enclave, Manukau |
|
|
WINDBUCHLER, Brooke Heinrich 26 The Enclave, Manukau |
BUSINESS STRUCTURE
TRADING ADDRESS Unit
11,
TELEPHONE (649) 262 1945
TRADING STYLE H PACKERS
ASSOCIATED ENTITIES LTS INSTALLATIONS LTD
BANK WESTPAC BANKING CORPROATION
EMPLOYEES 8
BACKGROUND
The subject was incorporated in
Operations were founded in 2004.
OPERATIONS
The subject
operates in the distribution of building and construction products specialising
in plastic horseshoe packers.
Activities are conducted from leased 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 Roni Martin, she advised that for the last financial year ended 31 March 2010 the subject recorded an operating profit of NZ$28,000.
On a projected the subject expects to record an operating profit of NZ$90,000 to NZ$100,000 for the current financial year ending 31 March 2011.
Current assets include stock on hand of NZ$21,000.
The subject maintains no overdraft facilities as all operations are funded through the internal cashflows of the company.
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:
· (Toll Global) Subject operates a small account on 7 day disbursement and 30 day final terms. Payment is met to terms and the account is considered satisfactory having been known since prior to March 2010.
· (Mainfreight) Nominated supplier failed to respond to correspondence despite chasing.
SUMMARY
The subject was incorporated in
Operations were founded in 2004.
For the last financial year ended 31 March 2010 the subject recorded an operating profit of NZ$28,000.
On a projected the subject expects to record an operating profit of NZ$90,000 to NZ$100,000 for the current financial year ending 31 March 2011.
The subject maintains no overdraft facilities as all operations are funded through the internal cashflows of the company.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.96 |
|
|
1 |
Rs.73.57 |
|
Euro |
1 |
Rs.63.68 |
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 |
|
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 |
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.