MIRA INFORM REPORT
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Report Date : |
18.05.2011 |
IDENTIFICATION DETAILS
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Name : |
SMITH UREN PTY LTD |
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Registered Office : |
25 Crummer Road, Grey Lynn, Auckland |
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Country : |
New Zealand |
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Date of Incorporation : |
17.11.1965 |
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Legal Form : |
Limited Company |
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Line of Business : |
holding and Administration Company for a group involved in the import and wholesale of textiles and related 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 : |
Moderate |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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New Zealand |
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
SMITH UREN PTY LTD
CN: 69615
CORPORATE SEARCH
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Entity Type: |
NZ Limited Company |
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Incorporated: |
17 Nov 1965 |
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Current Status: |
Registered |
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Constitution Filed: |
Yes |
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Annual Return Filing Month: |
May |
Company Addresses
Registered Office
25 Crummer Road, Grey Lynn, Auckland
Address for Service
25 Crummer Road, Grey Lynn, Auckland
Directors
SMITH, Stuart Erskine
52 Scarborough Terrace, Parnell, Auckland,
1052
Shareholdings
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Total Number of Shares: |
1,190,000 |
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Extensive Shareholdings: |
No |
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1,190,000 |
ANDERSON, Wayne Derek 16 Burrows Ave, Parnell, Auckland |
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SMITH, Stuart Erskine 52 Scarborough Terrace, Parnell, Auckland |
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913272 SW TRUST SERVICES LIMITED Level 17, A I A House, 5-7 Byron Avenue,
Takapuna, North Shore City 0622 |
BUSINESS STRUCTURE
TRADING ADDRESS 25
Crummer Rd
GREY
LYNN, AUCKLAND, NZ
FUTURE ADDRESS
(effective end of May
2011) suite
1 , floor 2
27
Gillies Ave
NEWMARKET
AUCKLAND
TELEPHONE (649) 360 3660
FACSIMILE (649) 378 1452
CONTROLLED
ENTITY ZEDTEX (NZ)
LTD
REATEX
MARKETING (NZ) LTD
BANK ASB
EMPLOYEES 4
BACKGROUND
The subject was incorporated in New Zealand on 17 November 1965 under the current style as a new venture.
OPERATIONS
The subject operates a holding and administration company for a group involved in the import and wholesale of textiles and related products.
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 the subjects Financial Controller Helen Crawford-Baxter, se confirmed the subjects search and operational details, however declined to provide any financial information for the current enquiry.
Subsequently details in this regard were unable to be obtained during the current investigation.
TRADE SURVEY
The subject is noted to import all requirements. A trade survey on the subject traced the following accounts:
1.
(Business Technology Group) Nominated supplier
failed to respond to correspondence despite chasing.
SUMMARY
The subject was incorporated in New Zealand on 17 November 1965 under
the current style as a new venture.
Details pertaining to the subjects financial and trading position were
unable to be obtained for the current enquiry.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.07 |
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UK Pound |
1 |
Rs.63.57 |
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Euro |
1 |
Rs.72.97 |
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.