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Report Date : |
08.09.2012 |
IDENTIFICATION DETAILS
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Name : |
UPS POWER SOLUTIONS LIMITED |
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Registered Office : |
7 Glover Street Ngauranga Wellington 6035 |
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Country : |
New Zealand |
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Date of Incorporation : |
06.03.2003 |
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Com. Reg. No.: |
1280847 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and distribution of Uninterruptible Power Supply (UPS) products and accessories |
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No. of Employees : |
10 employees |
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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 |
NEW ZEALAND - ECONOMIC OVERVIEW
Over the past 20 years the
government has transformed New Zealand from an agrarian economy dependent on
concessionary British market access to a more industrialized, free market
economy that can compete globally. This dynamic growth has boosted real incomes
- but left behind some at the bottom of the ladder - and broadened and deepened
the technological capabilities of the industrial sector. Per capita income rose
for ten consecutive years until 2007 in purchasing power parity terms, but fell
in 2008-09. Debt-driven consumer spending drove robust growth in the first half
of the decade, helping fuel a large balance of payments deficit that posed a
challenge for economic managers. Inflationary pressures caused the central bank
to raise its key rate steadily from January 2004 until it was among the highest
in the OECD in 2007-08; international capital inflows attracted to the high
rates further strengthened the currency and housing market, however,
aggravating the current account deficit. The economy fell into recession before
the start of the global financial crisis and contracted for five consecutive
quarters in 2008-09. In line with global peers, the central bank cut interest
rates aggressively and the government developed fiscal stimulus measures. The
economy posted a 2% decline in 2009, but pulled out of recession late in the
year, and achieved 1.7% growth in 2010 and 2% in 2011. Nevertheless, key trade
sectors remain vulnerable to weak external demand. The government plans to
raise productivity growth and develop infrastructure, while reining in
government spending.
Source
: CIA
Verified Address
Subject name : UPS POWER SOLUTIONS LIMITED
Business address :
7 Glover Street
Town : Ngauranga
Province : Wellington
Zip/postal code : 6035
Country : New Zealand
Tel : +64 4 4774717
Fax : +64 4 4773691
Email : sales@upspower.co.nz
Website : www.upspower.co.nz
Registered address
: 7 Glover Street
Town : Ngauranga
Province : Wellington
Zip/postal code : 6035
Country : New Zealand
Executive Summary
Date founded or
registered : 06/03/2003
Legal form : Private Limited
Company
Chief executive : Graham Robert Blackmore
Issued & paid
up capital : NZD 100
Line of business :
Import and
distribution of Uninterruptible Power Supply (UPS) products and
accessories.
Staff employed : 10 employees
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is
steady
Management experience
: Management is reasonably
experienced
Financial
performance : Financial
performance is undetermined
Organization
structure : Organizational
structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Registry Data
Registration date
: 06/03/2003
Legal form : Private Limited Company
Registration no 1280847
Registered
authority : New Zealand Companies
Office
Registry status : Live/Active
Previous name : None reported.
Change of legal
form : None reported.
Key Management
Name : Graham Robert Blackmore
Designation : Managing Director
Appointments
Name : Graham Robert Blackmore
Designation : Director
Appointment date :
06/03/03
Address : 3 McLintock Street
Johnsonville, Wellington 6037
New Zealand
Name : Nicola Ann Blackmore
Designation : Director
Appointment date :
06/03/03
Address : 3 McLintock Street
Johnsonville, Wellington 6037
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 :
Jointly held by Nicola
Ann Blackmore, Graham Robert Blackmore &
INDEPENDENT TRUST COMPANY (2005) LIMITED
Address : Nicola Ann
Blackmore & Graham Robert Blackmore
3 McLintock Street
Johnsonville, Wellington 6037
New Zealand
INDEPENDENT TRUST COMPANY (2005) LIMITED
C/o GIBSON SHEAT SOLICITORS
Level 3, Gibson Sheat Centre
1 Margaret Street
Lower Hutt, Wellington 5010
New Zealand
No. of shares : 98 Ordinary Shares
Shareholder name : Nicola Ann Blackmore
Address : 3 McLintock Street
Johnsonville, Wellington 6037
New Zealand
No. of shares : 1 Ordinary Share
Shareholder name :
Graham Robert Blackmore
Address : 3 McLintock
Street
Johnsonville, Wellington 6037
New Zealand
No. of shares : 1 Ordinary Share
Structure
Name : GRANIC
PROPERTY LIMITED
Affiliation type :
Sister Company
Address : 7 Glover Street
Ngauranga, Wellington 6035
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
Comments : The representative contacted
Mr. Graham Robert Blackmore declined to provide
any financial information with regards to the Subject.
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
- 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.
The Subject does not meet the criteria of being a large Private Company.
Main activities : The Subject engages in
import and distribution of Uninterruptible Power
Supply (UPS) products and accessories.
The Subject is the New Zealand distributor and service agent for Eaton
UPS products.
Product &
services : Products:
Uninterruptible Power Supply (UPS) products and accessories.
Service: Design and Preventative Maintenance services
Brand : Eaton
Purchases
International : Taiwan, Australia
Sales
Local : Yes
International : No exports.
Property & Assets
Premises : The Subject
operates from premises located at the verified heading
address consisting of an administrative office and warehouse.
Branches : In addition,
the Subject operates from a branch office located at:
59 Maurice Road
Penrose, Auckland 1061
New Zealand
Tel: +64 9 6222482
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 : Westpac
Limited, Transpower, Fletcher Building Limited, National Bank of New Zealand,
Fonterra Co-Operative Group Ltd, Air New Zealand Limited, The Warehouse Group
Limited, Progressive Enterprises Ltd
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 30-60 days
Sales Term
Local : Prepayment,
Cash, Bank 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.52 |
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1 |
Rs.88.49 |
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Euro |
1 |
Rs.70.20 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.