MIRA INFORM REPORT

 

 

Report Date :           

09.02.2012

 

IDENTIFICATION DETAILS

 

Name :

NATURAL KIDSCO LIMITED 

 

 

Registered Office :

C/O Mgi Auckland Ltd., Level 2, Fidelity House, 81 Carlton Gore Road,   Auckland Central , Auckland, Zip/Postal Code 1140

 

 

Country :

New Zealand

 

 

Date of Incorporation :

10.07.2007

 

 

Com. Reg. No.:

1964777

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Distributor of natural baby sleepwear and clothing wear.

 

 

No. of Employees :

02

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 25,000

Status :

Small Company 

Payment Behaviour :

No Complaints

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

New Zealand

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

Identification details  Bottom of Form

 

 

Verified Address

 

Subject name                            :   NATURAL KIDSCO LIMITED

 

Other style / Business name       :   MERINO KIDS / GO GO BAG

 

Business address                     :   155 Jervois Road

Town                                         :   Herne Bay

Province                                    :   Auckland

Zip/postal code                          :   1011

Country                                     :   New  Zealand

Tel                                            :   +64 9 3616941

Fax                                           :   +64 9 3616942

Website                                    :   www.merinokids.co.nz  

 

Registered address                  :   C/o MGI AUCKLAND LTD.

Level 2, Fidelity House

81 Carlton Gore Road

Town                                         :   Auckland Central

Province                                    :   Auckland

Zip/postal code                          :   1140

Country                                     :   New  Zealand

 

Postal address                         :   P.O. Box 4098, Shortland Street

Town                                         :   Auckland Central

Province                                                          :   Auckland

Zip/postal code                          :   1140

Country                                                                                   :   New  Zealand

 

 

Summary details

 

Executive Summary

Date founded or registered          :   10/07/2007

Legal form                                 :   Private Limited Company

Chief executive                          :   Amie Nilsson

Issued & paid up capital             :   NZD 1,000

Sales turnover                            :   NZD 1,000,000 (Estimated non-consolidated 12 months, 31/03/2011)

Line of business             :   Distributor of natural baby sleepwear and clothing wear.

Staff employed                                                                        :   2 employees

 

 

Credit risk opinion

 

Company Analysis

Country risk                               :   Country risk is minimal

Operation trend                          :   Operational trend is steady

Management experience :   Management is modestly experienced

Financial performance                :   Financial performance is fair

Organization structure                :   Organizational structure is acceptable

Detrimental                    :   No detrimental records found

Payment history                                    :   No payment delays noted

Credit amount suggestion           :   USD 25,000

Credit amount asked                                      :   Not described.

 

 

Statutory details

 

Registry Data

 

Registration date                                   :   10/07/2007

Legal form                                            :   Private Limited Company

Registration no                                         1964777

Registered authority                              :   New Zealand Companies Office

Registry status                                     :   Live/Active

Previous name                                      :   The Subject was previously known as GO GO KIDSCO LIMITED and changed to the current style on 13-08-2008.

 

 

Management / directors

 

Key Management

Name                           :      Amie Nilsson

Designation                                                   :            Managing Director

 

 

Board of directors / other appointments

 

Appointments

Name                            :           Amie Nilsson

Designation                   :           Director

Appointment date           :           10/07/07

Address                        :           Neatham Manor

Neatham, Alton GU34 4NP Hampshire

United Kingdom

Name                            :           James Douglas Fordham Nilsson

Designation                   :           Director

Appointment date           :           10/07/07

Address                        :           Neatham Manor

Neatham, Alton GU34 4NP Hampshire

United Kingdom

Staff employed                                                :                       2 employees

 

 

Share capital

 

Composition

Authorized Capital                                 :   NZD 1,000

No of shares                                         :   1,000 Shares

Share par value                                     :   NZD 1

Issued capital                                       :   NZD 1,000

Paid up capital                                                                                              :   NZD 1,000

 

 

ownership / shareholders

 

How listed                                 :   Full List

 

 

Composition

Shareholder name          :   AMIE DESIGN GROUP HOLDINGS LIMITED

Address                        :   C/o MGI AUCKLAND LTD.

Level 2, Fidelity House

81 Carlton Gore Road

Auckland Central 1140

Auckland

New Zealand

 

No. of shares                 :   1,000 Shares

% of shares                            :   100%

 

 

Related companies & corporate Affiliations

 

Structure

 

Name                :   AMIE DESIGN GROUP HOLDINGS LIMITED

Affiliation type    :   Parent Company

Address            :   C/o MGI AUCKLAND LTD.

Level 2, Fidelity House

81 Carlton Gore Road

Auckland Central 1140

Auckland

New Zealand

 

 

Name                :   AMIE DESIGN LIMITED

Affiliation type    :   Sister Company

Address            :   C/o MGI AUCKLAND LTD.

Level 2, Fidelity House

81 Carlton Gore Road

Auckland Central 1140

Auckland

New Zealand

 

Name                :   NATURAL KIDSCO LIMITED

Affiliation type    :   Associate

Address            :   Charwell House Wilsom Road, Alton Hampshire GU34 2PP United Kingdom

 

 

Bank & mortgages

 

Bank Details

Name of bank    :   The Hongkong and Shanghai Banking Corporation

Address            :   New Zealand

Account details  :   Current Account

 

Comments                                            :   It is generally not the policy of local banks to provide credit status information to non related parties, however interested parties would be advised to consult first with the Subject if banker's references are required.

 

 

Mortgages            :   None reported.

 

Legal Fillings

Bankruptcy fillings          :   None reported.

Court judgements           :   None reported.

Tax liens                       :   None reported.

Others                          :   None reported.

 

 

financial data

 

Description

Source of financial statement      :   Provided by the Subject

Financial statement date            :   31/03/11

Type of accounts                       :   Estimated key figures

Currency                                   :   New Zealand, Dollar (NZD)

Exchange rate                           :   1 USD = NZD 1.20 as of 07-02-2012

 

 

Summarized Financial Information

Consolidation type                     :   Non Consolidated

Currency                                   :   New Zealand, Dollar

(NZD) Denomination                   :   (x1) One

Date of financial year end            :   31/03/11

Length of accounts                     :   12 months

Sale turnover / Income                :   1,000,000

Comments                                :   The estimated turnover was provided by Ms. Amie Nilsson.

 

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.

 

 

Operation details

 

Main activities    :   The Subject is engaged as distributor of natural baby sleepwear and clothing wear.

Brand                :   MERINO KIDS GO GO BAG

 

Purchases

International                                          :   India

 

Sales

Local                                                    :   Yes

International                                          :   No exports.

 

Property & Assets

Premises                                              :   The Subject operates from premises located at the verified heading address consisting of administrative office and warehouse.

Branches                                                                                                       :   None reported.

 

 

Summarized country risk

 

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: 4.6% industry: 23.7% services: 71.7%

Inflation                                                 2008: 4%

2009: 2.1%

2010: 2.3%

 

Unemployment rate                                2008:4.2%

2009:  6.2%

2010: 6.5%

 

Public debt

(General Government gross

debt as a % GDP)                                  2008:  20.4 %

2009:   26.1%

2010:    31 %

 

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$33.24 billion

 

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                              2007: US$462 million

2008: US$-308 million

2009: US$589 million

 

Best countries for doing

business                                   3 out of 183 countries

 

Global competitiveness ranking   23 (ranking by country on a basis of 133, 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 %

 

 

Payment history

 

Purchase Term

International                                          :   Prepayment, Credit 30 days

           

Sales Term

 

Local                                                    :   Bank transfer, Credit card, Prepayment

 

 

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

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.07

UK Pound

1

Rs.78.09

Euro

1

Rs.65.15

 

 

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.