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MIRA INFORM REPORT
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Report No. : |
493607 |
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Report Date : |
05.03.2018 |
IDENTIFICATION DETAILS
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Name : |
PARADISE GARMENTS LIMITED |
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Registered Office : |
Section 8, Allotment 14, Mendikwe
Main Building, Kundiawa Road P.o. Box 1288
Goroka Eastern Highlands Province Papua
New Guinea/PG |
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Country : |
Guinea |
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Date of Incorporation : |
01.01.2014 |
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Com. Reg. No.: |
1-103903 |
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Legal Form : |
Private Company limited by shares |
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Line of Business : |
Manufacture of made-up textile articles,
except apparel |
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No. of Employees : |
9 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Guinea |
C1 |
C1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
Company Summary
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Business Name |
PARADISE GARMENTS LIMITED |
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Country |
PAPUA NEW GUINEA |
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Company Registration Number |
1-103903 |
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Main Activity Code |
1392 |
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Main Activity Description |
Manufacture of made-up textile articles,
except apparel |
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Company Status |
Active (Active) |
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Latest Turnover Figure |
- |
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Latest Shareholder Equity Figure |
- |
Basic Information
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Business Name |
Paradise Garments Limited |
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Registered Company Name |
Paradise Garments Limited |
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Company Registration Number |
1-103903 |
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Country |
PAPUA NEW GUINEA |
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Date of Company Registration |
2014-10-14 |
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Date of Starting Operations |
2014-01-01 |
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Legal Form |
Private Company limited by shares |
Type
of Ownership
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Company
Status |
Active |
(Active) |
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Principal Activity Code |
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Principal Activity Description |
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Contact Telephone Number |
675 5321110 |
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Main Address
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Address |
Country |
Telephone |
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Section 8, Allotment 14, Mendikwe
Main Building, Kundiawa Road P.o. Box 1288
Goroka Eastern Highlands Province Papua
New Guinea/PG |
PAPUA NEW GUINEA |
675 5321110 |
Other
Address
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Address |
Country |
Telephone |
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No other addresses for this company. |
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Previous Address
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Address |
Country |
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No previous addresses for this company. |
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Activities
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Activity
Code |
Activity
Description |
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1392 |
Manufacture of made-up textile articles,
except apparel |
Email
Addresses
No email for this company.
Web Pages
No web pages for this company.
Employee
Information
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Date Reported |
Number of Employees |
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2018 |
9 |
Banker
Information
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Banker Name |
Banker Address |
Phone Number |
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No banker information for this company. |
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Advisors
Information
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Auditor Name |
Solicitor Name |
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No advisor information for this company. |
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Miscellaneous
Information
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Fax Number |
N/a |
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Export Countries |
Mostly Asia |
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Import Countries |
Mostly Asia |
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Additional Business Information |
The company is engaged in the
manufacture of garments, especially uniforms.
Staff comprises of 7 full time and
3 part time employees. The actual
operations commenced in 2015. |
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Additional Rating Information |
Average Credit Quality: Credit can
proceed ONLY on strict financing terms.
Proposed Credit Limit: PGK10,000. Revision of
Credit Limit: Periodic /quarterly. Risk
Index: Medium. |
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Additional Payment Information |
No payment history is available. |
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Additional Financial Information |
The company is not required to
publish or disclose financial statements;
they were also not available from other
sources. The company did also not
yet file the first annual return. |
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Number of Employees at Address |
9 |
Additional
Miscellaneous Information
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Industry Division |
Manufacturing |
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Responsible Register |
State Register of Papua New Guinea. |
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Line of Business |
Textiles/flooring |
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Financial year |
2018 |
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Banks |
Unknown |
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Real Estate |
The property at the operating
address is rented. |
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Operations & branches |
At the address, Section 8,
Allotment 14, Mendikwe Main Building, Kundiawa
Road, Opposite Papindo Super Market, market
road, GOROKA, Eastern Highlands Province,
we find the registered seat. |
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Legal Actions |
No legal actions determined. |
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Sanctions List |
We did not find the company
included on the various international
sanctions lists, such as the OFAC (Office
of Foreign Assets Control), the BIS
(Bureau of Industry and Security), the
European Union Restrictive measures (sanctions)
list, the Export Control Organisation
(ECO) of the UK, the Australian
Department of Foreign Affairs and Trade. |
Financial
Information
No financial information for this company.
Current Directors
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Name |
Gender |
Address |
Date of
Birth |
Position |
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De Britto, John Antony |
Unknown |
Section 10, Allotment 26, Happy Valley,
Goroka/Eastern Highlands Province, Papua New Guinea |
1968-08-19 |
Director (2014-10-14) |
Previous
Directors
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Name |
Gender |
Address |
Date of Birth |
Position |
Resignation Date |
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No previous directors for this company. |
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Share Capital
Structure
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Nominal Share Capital |
1 |
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Issued Share Capital |
1 |
Shareholders
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Shareholder |
Address |
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% Shares
Held |
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John Antony De Britto |
Papua New Guinea |
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100 |
Group Structure
No group structure information for
this company
Negative
Information
No negative information for this company
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.22 |
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1 |
INR 89.71 |
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Euro |
1 |
INR 79.50 |
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GNF |
1 |
INR 0.0072 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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NIS |
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Report Prepared
by : |
SDA |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.