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Report Date : |
23.07.2012 |
IDENTIFICATION DETAILS
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Name : |
JUDEN TRADING LIMITED |
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Registered Office : |
C/o INSPIRED BUSINESS SOLUTIONS LIMITED Level 8, |
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Country : |
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Date of Incorporation : |
08.10.2003 |
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Com. Reg. No.: |
1406627 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and sales of heat transfer products, including plate heat exchangers, brazed heat exchangers, corrugated tubular heat exchangers, and plate and shell heat exchangers |
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No. of Employees : |
2 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 – 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 : JUDEN TRADING LIMITED
Other style /
Business name : HEAT TRANSFER NEW
ZEALAND
Business address :
Unit 19, 6 Airborne
Road
Town : Rosedale
Province : Auckland
Zip/postal code : 0632
Country : New Zealand
Tel : +64 9
4416634 / 21 334707
Fax : +64 9
4416635
Registered address
: C/o INSPIRED BUSINESS
SOLUTIONS LIMITED
Level 8, 57 Fort Street
Town : Auckland
Central
Province : Auckland
Zip/postal code : 1010
Country : New Zealand
Executive Summary
Date founded or
registered : 08/10/2003
Legal form : Private Limited
Company
Chief executive : Denis Wakefield Browne
Issued & paid
up capital : NZD 100
Sales turnover : NZD 1,500,000 (Estimated
Non-consolidated 12 months, 31/03/2011)
Line of business :
Import and sales of
heat transfer products, including plate heat exchangers,
brazed heat exchangers, corrugated tubular heat exchangers, and plate
and shell heat exchangers.
Staff employed : 2 employees
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
Registry Data
Registration date
: 08/10/2003
Legal form : Private Limited
Company
Registration no 1406627
Registered
authority : New Zealand
Companies Office
Registry status : Live/Active
Previous name : None reported.
Change of legal
form : None reported.
Key Management
Name : Denis Wakefield Browne
Designation : Managing Director
Appointments
Name : Denis Wakefield Browne
Designation : Director
Appointment date : 08/10/03
Address : 48 Lemington Road
Westmere, Auckland 1022
New Zealand
Name : Judith Florence Browne
Designation : Director
Appointment date :
08/10/03
Address : 48 Lemington Road
Westmere, Auckland 1022
New Zealand
Staff employed : 2 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 :
Denis Wakefield Browne
Address : 48 Lemington Road
Westmere, Auckland 1022
New Zealand
No. of shares : 35 Shares
Shareholder name :
Judith Florence Browne
Address : 48 Lemington Road
Westmere, Auckland 1022
New Zealand
No. of shares : 35 Shares
Shareholder name :
INSPIRED SOLUTIONS TRUST HOLDINGS
LIMITED
Address : C/o INSPIRED BUSINESS
SOLUTIONS LIMITED
Level 8, 57 Fort Street
Auckland Central
Auckland 1010
New Zealand
No. of shares : 30 Shares
Structure
Related companies
and corporate
affiliations
comments: None reported.
Bank Details
Name of bank : Westpac New Zealand
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
1.25 as of 19-07-2012
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 : 1,500,000
Comments : The
estimated turnover was provided by Mr. Denis Wakefield Browne.
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 engaged
import and sales of heat transfer products,
including plate heat exchangers, brazed heat exchangers, corrugated
tubular heat exchangers, and plate and shell
heat exchangers.
Purchases
International :
China, Taiwan
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.
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$ 180.548
billion
GPP (Purchasing
power parity) : 126.628
billion of International dollars
GDP per capita -
current prices : US$ 40,454
GDP - composition
by sector : agriculture:
4.7%
industry: 24%
services: 71.3%
Inflation : 2009:
2.1%
2010: 2.3%
2011: 4%
Unemployment rate
: 2009: 6.1%
2010: 6.5%
2011: 6.5%
Public debt
(General
Government gross debt as
a % GDP): 2009:
26.1%
2010: 32.3%
2011: 37%
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, Transpower, 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 : 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
dollars (NZD)
Internet users as
% of total
population: 83%
Purchase Term
International :
Prepayment, Telegraphic transfer, Credit 30 days
Sales Term
Local :
Prepayment, Bank transfer, Credit 30 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
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Indian Rupees |
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US Dollar |
1 |
Rs.55.15 |
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|
1 |
Rs.86.57 |
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Euro |
1 |
Rs.67.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
RATING EXPLANATIONS
|
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 |
-- |
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.