MIRA INFORM REPORT
|
Report Date : |
26.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
MIKES TRANSPORT WAREHOUSE LTD |
|
|
|
|
Registered Office : |
C/- Kpmg, Kpmg Centre, 85 Alexandra Street, Hamilton |
|
|
|
|
Country : |
New Zealand |
|
|
|
|
Date of Incorporation : |
23.10.2002 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
import and
Distribution of a range of automotive products |
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 : |
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
New Zealand |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
REGISTERED NAME
MIKES TRANSPORT
WAREHOUSE LTD
CN: 1237591
CORPORATE SEARCH
|
Entity Type: |
NZ Limited Company |
|
Incorporated: |
23 Oct 2002 |
|
Current Status: |
Registered |
|
Constitution Filed: |
Yes |
|
Annual Return Filing Month: |
March |
Company Addresses
Registered Office
C/- Kpmg, Kpmg Centre, 85 Alexandra Street, Hamilton
Address for Service
C/- Kpmg, Kpmg Centre, 85 Alexandra Street, Hamilton
Directors
RATCLIFFE, Michael Colin
Clarke Road, R D 1, Ngaruawahia
RATCLIFFE, Robin Ronald
16 Kotahi Avenue, Hamilton, 3200
RATCLIFFE, Zane Robin
35 Church Road, Hamilton
Shareholdings
|
Total Number of Shares: |
900 |
|
Extensive Shareholdings: |
No |
|
299 |
916718 J W TRUSTEES LIMITED H G Webb House, Corner Boundary Road And
Victoria Street, Hamilton |
|
|
RATCLIFFE, Colleen Lenare 16 Kotahi Avenue, Hamilton |
|
|
RATCLIFFE, Robin Ronald 16 Kotahi Avenue, Hamilton |
|
299 |
916718 J W TRUSTEES LIMITED H G Webb House, Corner Boundary Road And
Victoria Street, Hamilton |
|
|
RATCLIFFE, Zane Robin 35 Church Road, Hamilton |
|
299 |
916718 J W TRUSTEES LIMITED H G Webb House, Corner Boundary Road And
Victoria Street, Hamilton |
|
|
RATCLIFFE, Michael Colin Clarke Road, R D 1, Ngaruawahia |
|
1 |
RATCLIFFE, Robin Ronald 16 Kotahi Avenue, Hamilton |
|
1 |
RATCLIFFE, Zane Robin 35 Church Road, Hamilton |
|
1 |
RATCLIFFE, Michael Colin Clarke Road, R D 1, Ngaruawahia |
BUSINESS STRUCTURE
TRADING ADDRESS State
Hwy North 1 North
TE
RAPA HAMILTON, NZ
TELEPHONE (647) 850 8333
BANK Not
determined
EMPLOYEES Not
determined
BACKGROUND
The subject was incorporated in New Zealand on 23 October 2002 under the current style.
OPERATIONS
The subject operates in the import and distribution of a
range of automotive products including accessories, axles, brake valves,
lights, motors, suspension, truck cabs, wheels, hydraulic hose and fittings and
bearings. Components.
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 was unable to be established. Despite numerous messages being left, no reply has been received.
As a result, details pertaining to the subjects operating trading and financial position were unable to be obtained for the current enquiry.
TRADE SURVEY
During the current investigation, contact with the subjects 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 23 October 2002 under the current style.
Details pertaining to the subjects operating trading and financial position were unable to be obtained for the current enquiry.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.38 |
|
UK Pound |
1 |
Rs.73.31 |
|
Euro |
1 |
Rs.63.70 |
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 |
|
---- |
NB |
New Business |
---- |
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.