MIRA INFORM REPORT
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Report Date : |
26.04.2012 |
IDENTIFICATION DETAILS
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Name : |
HEAT TRANSFER NEW ZEALAND LIMITED |
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Registered Office : |
C/O Abacus Administration Limited, |
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Country : |
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Date of Incorporation : |
29.07.2003 |
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Com. Reg. No.: |
1348841 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Dormant Company |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Dormant |
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Payment
Behaviour : |
--- |
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Litigation : |
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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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
Verified Address
Subject name : HEAT TRANSFER NEW ZEALAND LIMITED
Business address : 102 Awatere Avenue
Town : Beerescourt
Province : Hamilton
Zip/postal code : 3200
Country : New Zealand
Tel : +64 7 8506557
Registered address : C/o ABACUS ADMINISTRATION LIMITED
53-61 Whitaker Street
Town : Te Aroha
Province : Waikato
Zip/postal code : 2971
Country : New Zealand
Postal address : P.O. Box 10404
Town : Te Rapa
Province : Hamilton
Zip/postal code : 3241
Country : New Zealand
Comments :
The representative contacted Ms. Susanne Catherine Snodgrass
advised that she has sold the business but not the assets to Mr. Denis
Wakefield Browne. The Subject is currently a dormant
company. Mr. Denis Wakefield Browne is doing business under the trading name
HEAT TRANSFER NEW ZEALAND under the
legal entity JUDEN TRADING LIMITED
Executive Summary
Date founded or registered : 29/07/2003
Legal form : Private Limited
Company
Chief executive : Susanne Catherine
Snodgrass
Issued & paid up capital
: NZD 100
Line of business : Dormant company.
Staff employed : Nil (Subject)
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is
stalled (dormant)
Management experience : Management is inadequately
experienced
Financial performance : Financial performance is
undetermined
Organization structure : Organizational structure is flawed
Detrimental : Some detrimental records found
Payment history : No payment delays noted
Credit amount suggestion : Fully secured terms.
Comments : Credit of any amount can’t be granted
due to the Subject's dormant status.
Registry Data
Registration date : 29/07/2003
Legal form : Private Limited
Company
Registration no 1348841
Registered authority : New Zealand Companies Office
Registry status : Dormant
Previous name : None reported.
Change of legal form : None reported.
Key Management
Name : Susanne Catherine Snodgrass
Designation : Managing Director
Appointments
Name : Susanne Catherine
Snodgrass
Designation : Director
Appointment date : 29/07/03
Address : 102 Awatere Avenue
Beerescourt,
Hamilton 3200
New
Zealand
Staff employed : Nil (Subject)
Composition
Authorized Capital : NZD 100
No of shares : 100 Shares
Share par value : NZD 1
Issued capital : NZD 100
Paid up capital : NZD
100
How listed : Full List
Composition
Shareholder name : Jointly held by Susanne Catherine
Snodgrass, Alexander John Snodgrass &
Margaret Wright
Address : Susanne Catherine Snodgrass
& Alexander John Snodgrass
102
Awatere Avenue
Beerescourt,
Hamilton 3200
New
Zealand
Margaret
Wright
1045
Manawahe Road, Rd 4
Whakatane
3194
New
Zealand
No. of shares : 98 shares
Shareholder name : Susanne Catherine Snodgrass
Address : 102 Awatere Avenue
Beerescourt,
Hamilton 3200
New
Zealand
No. of shares : 1 Share
Shareholder name : Alexander John Snodgrass
Address : 102 Awatere Avenue
Beerescourt,
Hamilton 3200
New
Zealand
No. of shares : 1 Share
Structure
Name : NGAPURIRI ADVENTURES
LIMITED
Affiliation type : Sister Company
Address : 102 Awatere Avenue
Beerescourt, Hamilton 3200
New Zealand
Bank Details
Mortgages : None reported.
Legal Fillings
Bankruptcy fillings : None reported.
Court judgements : None reported.
Tax liens : None reported.
Others : None reported.
Description
Comments : Private Companies in New Zealand are not required
to file accounts unless classified as "Large", which at the moment
means that two out of the following three conditions
are met:
- The company has a sales
turnover of over NZD 20,000,000;
- The company has total
assets of over NZD 10,000,000;
- The company employs 50
people or more.
Main activities : The Subject is a dormant company.
Initially the Subject was engaged in providing heat transfer products, including
plate heat exchangers, brazed heat exchangers,
corrugated tubular heat exchangers, and plate and shell heat exchangers.
Purchases
Local : None reported.
International : None reported.
Sales
Local : None reported.
International : None reported.
Property &
Assets
Premises : The Subject operates from residential premised located at the verified heading address consisting
of administrative office.
Branches : None reported.
Gross Domestic
Products (GDP) & Economic Overview
Central bank Reserve Bank of New Zealand
Reserve of foreign exchange & gold US$ 20.562 billion
Gross domestic product - GDP US$ 153.252 billion
GPP (Purchasing power parity) 120.2 billion of International dollars
GDP per capita - current prices US$ $ 34,701
GDP - composition by sector agriculture: 4.7% industry: 24% services: 71.3%
Inflation 2009: 2.1%
2010: 2.3%
2011: 4.1.%
Unemployment
rate 2009:
6.2%
2010: 6.5%
2011: 6.7%
Public debt
(General Government gross
debt as a % GDP) 2009: 26.1 %
2010: 31.6%
2011: 35.8%
Government bond
ratings Standard
& Poor's: AA+/Stable/A-1+
Moody's rating: Aaa
Moody's outlook: STA
Market value of publicly traded shares US$ 67.061 Billion
Largest companies in the country : Telecom of New Zealand, Trans power, Fletcher Building, Infratil
Trade & Competitiveness Overview
Total exports US$33.24billion
Exports commodities dairy products, meat, wood and wood products, fish, machinery
Total imports US$31.11 billion
Imports commodities machinery and equipment, vehicles and aircraft, petroleum,
electronics, textiles, plastics
Export - major partners Australia 22%, US 11.5%, Japan 9.2%, China 5.3%, UK 4.6%
Import - major partners Australia 20.7%, China 13.4%, US 9.7%, Japan 9.5%, Singapore 4.9%,
Germany 4.7%
FDI Inflows 2008: US$ 4,598 million
2009: US$ -1,293 million
2010: US$ 561 million
FDI Outflows 2008: US$ 462 million
2009: US$-308 million
2010: US$-589 million
Best countries for doing
business 3 out of 183 countries
Global competitiveness ranking 25 (ranking by country on a basis of 142, the first is the best)
Country and Population Overview
Total population :
4.37 million
Total area :
270,467 km2
Capital : Wellington
Currency : New Zealand Dollar (NZD)
Internet
users as % of total population
:
83 %
Purchase Term
Local : None
International : None
Sales Term
Local : None
International : None
Trade Reference/
Payment Behaviour
Comments : As local and international trade references were not supplied, the Subject's payment
track record history cannot be
appropriately determined but based on our research,
payments are believed to be met without delay.
Investigation Note
Sources : Interviews and material
provided by the Subject
Other
official and local business sources
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.49 |
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UK Pound |
1 |
Rs.84.66 |
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Euro |
1 |
Rs.69.25 |
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.