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Report Date : |
20.02.2012 |
IDENTIFICATION DETAILS
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Name : |
A B INTERNATIONAL LIMITED |
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Registered Office : |
3/117, Montgomerie Road,
Manukau, Auckland, 2022 |
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Country : |
New Zealand |
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Date of Incorporation : |
10.08.2001 |
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Com. Reg. No.: |
1155106 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and distribution of fast-moving consumer goods (FMCG) products.
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No. of Employees : |
10 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 140,000 |
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Status : |
Moderate |
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Payment Behaviour : |
No complaints |
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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 – September 30, 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 |
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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 |
|
Off-credit |
D |
Verified Address
Subject
name : A B INTERNATIONAL LIMITED
Business
address : 3/117, Montgomerie Road
Airport
Oak Town : Manukau
Province : Auckland
Zip/postal
code : 2022
Country : New
Zealand
Tel : +64 9 2561400
Fax : +64 9 2561402
Email : sales@abinternational.co.nz
Website : www.abinternational.co.nz
Registered
address : 3/117, Montgomerie Road
Airport
Oak Town : Manukau
Province : Auckland
Zip/postal
code : 2022
Country : New
Zealand
Postal
address : P.O. Box 27421
Town : Mount Roskill
Province : Auckland
Zip/postal
code : 1440
Country : New
Zealand
Executive Summary
Date
founded or registered : 10/08/2001
Legal
form : Private Limited Company
Chief
executive : Ashok Kumar Bhatia
Issued
& paid up capital : NZD 100
Sales
turnover : NZD 4,800,000 (Estimated
non-consolidated 12 months, 31/03/2011)
Line
of business : Import and distribution of fast-moving
consumer goods (FMCG) products.
Staff
employed : 10 employees
Country
risk : Country risk is minimal
Operation
trend : Operational trend is steady
Management
experience : Management is reasonably experienced
Financial
performance : Financial performance is fair
Organization
structure : Organizational structure is stable
Detrimental : No detrimental records found
Payment
history : No payment delays noted
Credit amount suggestion : USD 140,000
Credit amount asked : Not described.
Registry Data
Registration
date : 10/08/2001
Legal
form : Private Limited Company
Registration
no 1155106
Registered
authority : New Zealand Companies Office
Registry
status : Live/Active
Previous
name : None reported.
Change
of legal form : None reported.
Key Management
Name : Ashok Kumar Bhatia
Designation : Managing Director
Appointments
Name : Ashok Kumar Bhatia
Designation : Director
Appointment
date : 10/08/01
Address : 6 Himalaya Crescent
Lynfield, Auckland, 1042
New Zealand
Name : Sushma Bhatia
Designation : Director
Appointment
date : 10/08/01
Address : 6 Himalaya Crescent
Lynfield, Auckland, 1042
New Zealand
Staff employed : 10 employees
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 : A & A INVESTMENTS LIMITED
Address : C/o PROFESSIONAL BUSINESS SERVICES
LIMITED
21 Mont Le Grand Road
Mt Eden, Auckland 1024
New Zealand
No.
of shares : 100 Shares
% of shares : 100%
Structure
Name : A & A INVESTMENTS LIMITED
Affiliation
type :
Parent Company
Address :
C/o PROFESSIONAL BUSINESS SERVICES
LIMITED
21 Mont Le Grand Road
Mt Eden, Auckland 1024
New Zealand
Bank Details
Name
of bank : ANZ National Bank Limited
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.
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 14-02-2012
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 : 4,800,000
Comments : The estimated turnover was provided by
Mr. Ashok Kumar Bhatia.
Private
Companies in New Zealand are not required to file accounts unlessclassified 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 engaged in import and
distribution of fast-moving consumer goods (FMCG) products.
Purchases
International : India,
Malaysia, Singapore, Thailand, United Arab Emirates
Sales
Local : Yes
International : Pacific
Islands
Property &
Assets
Premises :
The Subject operates from premises
located at the verified heading address consisting of warehouse and
administrative office.
Branches : None reported.
Gross Domestic
Products (GDP) & Economic Overview
Central
bank : Reserve Bank of New Zealand
Reserve
of foreign exchange & gold : US$ 18.421 billion
Gross
domestic product - GDP : US$ 140,434 billion
GPP
(Purchasing power parity) : 119.791 billion of International
dollars
GDP
per capita - current prices : US$ $32,145
GDP
- composition by sector : agriculture: 4.6%
industry: 23.7%
services: 71.7%
Inflation: 2008:
4%
2009: 2.1%
2010: 2.5%
Unemployment
rate: 2008:
4.2%
2009: 6.2%
Public
debt
(General
Government gross debt as a % GDP)
:
2008: 20.4%
2009: 26.2%
Government
bond ratings : Standard & Poor's: AA+/Stable/A-1+
Moody's rating: Aaa
Market
value of publicly traded shares
:
US$ 67.061 billion
Largest
companies in the country: Telecom
of New Zealand, Transpower, Fletcher Building, Infratil
Trade &
Competitiveness Overview
Total
exports : US$29.53 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 : 2007: US$3,441 million
2008: US$4,993 million
2009: US$348 million
FDI
Outflows : 2007: US$3,703 million
2008: US$-239 million
2009: US$-406 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 dollars (NZD)
Internet
users as % of total population: 84.38%
Purchase Term
International : Telegraphic
transfer, Prepayment, Credit 30-60 days
Sales Term
Local : Prepayment, Bank transfer, Credit 30-60
days
International : Prepayment,
Telegraphic transfer, Credit 30-60 days
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.49.21 |
|
|
1 |
Rs.77.75 |
|
Euro |
1 |
Rs.64.58 |
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 |
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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 |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.