MIRA INFORM REPORT

 

 

Report Date :           

31.05.2011

 

IDENTIFICATION DETAILS

 

Name :

JV (NZ) LTD

 

 

Registered Office :

63 Montgomerie Road, Mangere, Manukau, 2022

 

 

Country :

New Zealand

 

 

Date of Incorporation :

10.06.2008

 

 

Legal Form :

Limited Company

 

 

Line of Business :

provider of consumer photographic products and service

 

 

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      

 

JV (NZ) LTD

CN: 2139288

 

           

CORPORATE SEARCH

 

 

Incorporated:

10 Jun 2008

 

Registered Office

63 Montgomerie Road, Mangere, Manukau, 2022

 

Address for Service

63 Montgomerie Road, Mangere, Manukau, 2022

 

Directors

HOOD, Marinka Vicki

25a Bay Road, St Heliers, Auckland

 

LIN, Bin

11-8 Shackleton Road, Mt Eden, Auckland

 

TOLMIE, Robert John

42 Yuulong Street, North Tamerine, Queensland, Australia

 

WEBBER, Neil William

Apartment 3205, Metropolis, 1 Courthouse Lane, Auckland, 1010

 

Shareholdings

Total Number of Shares:

2,169,912

Extensive Shareholdings:

No

 

1,074,912

PHOTO CREATE NZ LIMITED

C/-markhams Mri Auckland, Level 10, 203 Queen Street, Auckland

225,000

WEBBER, Neil William

Apartment 3205, Metropolis, 1 Courthouse Lane, Auckland 1010

225,000

HOOD, Marinka

25a Bay Road, St Heliers, Auckland

225,000

LIN, Bin

11-8 Shackleton Road, Mt Eden, Auckland

200,000

98841

KROMA COLOUR PRINTS LIMITED

C/-markhams Mri Auckland Limited, Level 10, Q&v Building, 203 Queen Street, Auckland

120,000

ACN 002 150 343

Oseld Pty Limited

10 Moonee Street, Coffs Harbour, Nsw, 2450

100,000

HORN, Phillip

107b Princes Street, Pukekohe, Auckland

 

 

BUSINESS STRUCTURE

 

TRADING ADDRESS                 63 Montgomerie Rd

                                                MANGERE MANUKAU, NZ 2022

 

POSTAL ADDRESS                   PO Box 53146

                                                AUCKLAND AIRPORT, NZ                                 

 

TELEPHONE                             (649) 912 7320

 

BANK                                       Not determined

                                               

EMPLOYEES                            Not determined 

 

BACKGROUND

 

The subject was incorporated in New Zealand on 10 June 2008.

 

Operations were founded as a new venture in July 2008 through the merger of Viko (NZ) Ltd and Kroma Colour Prints Ltd, two of New Zealand's longest serving large wholesale labs,

 

 

OPERATIONS

 

The subject operates as a provider of consumer photographic products and services. It fulfills kiosk and online orders for nationwide retailers such as  Harvey Norman, Snapfish by HP, Fuji Image Service, Smiths City, as well as Pharmacy stores under the Digitalmax brand.

 

Products include such as hard & soft cover books, photo greeting cards and calendars, as well as the full range of traditional prints, posters and wrap-mounted canvas in all sizes.

 

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 all queries pertaining to the subject were forwarded to Financial Controller Bin. He is presently away no annual leave and is not due to return until 9 June 2011.

 

As a result, details pertaining to the subjects operating trading and financial position were unable to be obtained for the current enquiry.

 

Please note, we will attempt to contact the financial controller upon his return on 9 June. Should further information be forthcoming, this report will be updated and forwarded to your office.

 

 

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 10 June 2008.

 

Operations were founded as a new venture in July 2008.

 

Details pertaining to the subjects operating trading and financial position were unable to be obtained for the current enquiry.

 

Please note, we will attempt to contact the financial controller upon his return on 9 June. Should further information be forthcoming, this report will be updated and forwarded to your office.

 

           


FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.10

UK Pound

1

Rs.74.27

Euro

1

Rs.64.35

 

 

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%)

 

 

 

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.