MIRA INFORM REPORT

Report Date :

28.03.2011

IDENTIFICATION DETAILS

Name :	INTERNATIONAL DYNAMOMETERS LTD

Registered Office :	Five Plus Accounting Limited, 58-60 Oriental Parade, Oriental Bay, Wellington, 6011

Country :	New Zealand

Date of Incorporation :	25.05.1994

Legal Form :	Limited Company

Line of Business :	subject operates in the manufacture of automotive chassis dynamometers

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate

Payment Behaviour :	Unknown

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)

New Zealand

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

REGISTERED NAME

INTERNATIONAL DYNAMOMETERS LTD

CN: 609977

CORPORATE SEARCH

Entity Type:	NZ Limited Company
Incorporated:	25 May 1994
Current Status:	Registered
Constitution Filed:	Yes
Annual Return Filing Month:	July

Company Addresses

Registered Office

Five Plus Accounting Limited, 58-60 Oriental Parade, Oriental Bay, Wellington, 6011

Address for Service

58-60 Oriental Parade, Oriental Bay, Wellington, 6011

Directors

SHERIDAN, Alan

94 Cottle Park Drive, Lower Hutt, 5010

SHERIDAN, Joyce

94 Cottle Park Drive, Lower Hutt, 5010

Shareholdings

Total Number of Shares:	10,000
Extensive Shareholdings:	No

9,998	835890 SCW TRUSTEES LIMITED Level 6, 45 Knights Road, Lower Hutt
	SHERIDAN, Alan P O Box 30568, Lower Hutt
	SHERIDAN, Joyce P O Box 30568, Lower Hutt
2	SHERIDAN, Alan 94 Cottle Park Drive, Lower Hutt
	SHERIDAN, Joyce 94 Cottle Park Drive, Lower Hutt

BUSINESS STRUCTURE

TRADING ADDRESS 70 Victoria Street

Alicetown

Lower Hutt

New Zealand

TELEPHONE (644) 587 0484

FACSIMILE (644) 587 0485

TRADING STYLE DYNAPACK

BANK Not determined

EMPLOYEES Not determined

BACKGROUND

The subject was incorporated in New Zealand on 25 May 1994 under the current style.

OPERATIONS

The subject operates in the manufacture of automotive chassis dynamometers

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 Joyce Sheridan she requested that any queries pertaining to the subject be forwarded to her in writing at jsheridan@dynapack.com. An email was subsequently sent.

A reply was received from Sarah Grout (0419 798 510). During the current interview conducted with Ms Grout she declined to release any details pertaining to the subject unless the source of the enquiry was disclosed.

As a result details pertaining to the subject’s financial and trading position were unable to be obtained for the current enquiry.

TRADE SURVEY

During the current investigation, contact with the subject’s principals was unable to be established.

Subsequently details pertaining to the company’s suppliers were unable to be obtained and a trade survey could not be conducted.

SUMMARY

The subject was incorporated in New Zealand on 25 May 1994 under the current style.

Details pertaining to the subject’s financial and trading position were unable to be obtained for the current enquiry.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.65
UK Pound	1	Rs.71.91
Euro	1	Rs.63.28

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.