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Report Date : |
19.04.2013 |
IDENTIFICATION DETAILS
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Name : |
CONVEYOR AND TRANSMISSION LIMITED |
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Registered Office : |
47 Vickery Street Te Rapa Hamilton 3200 |
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Country : |
New Zealand |
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Date of Incorporation : |
18.09.1990 |
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Com. Reg. No.: |
484311 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import, distribution and servicing of conveyor components and associated transmission equipment 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 |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
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 roughly 2% per year growth in 2010-12. 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 : CONVEYOR AND TRANSMISSION LIMITED
Business address :
68A Greenmount Drive
Town : East Tamaki
Province : Auckland
Zip/postal code : 2013
Country : New Zealand
Tel : +64 9 2743500
Fax : +64 9 2743501
Website : www.contrans.co.nz
Registered address
: 47 Vickery Street
Town : Te Rapa
Province : Hamilton
Zip/postal code : 3200
Country : New Zealand
Postal address : P.O. Box 10340
Town : Te Rapa
Province : Hamilton
Zip/postal code : 3241
Country : New Zealand
Executive Summary
Date founded or
registered : 18/09/1990
Legal form : Private Limited
Company
Chief executive : Robert Mountford Blase
Issued & paid
up capital : NZD 5,000
Line of business :
Import, distribution
and servicing of conveyor components and associated
transmission equipment products.
Staff employed : 10 employees
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is
steady
Management
experience : Management is
adequately experienced
Financial
performance : Financial
performance is fair
Organisation
structure : Organisational structure is
stable
Detrimental : No
detrimental found
Payment history : No payment delays noted
Registry Data
Registration date
: 18/09/1990
Legal form : Private Limited Company
Registration no 484311
Registered authority
: New Zealand Companies Office
Registry status : Live/Active
Previous name : None reported.
Change of legal
form : None reported.
Key Management
Name : Robert Mountford Blase
Designation : Managing Director
Appointments
Name : Robert Mountford Blase
Designation : Director
Appointment date :
18/09/90
Address : 25 Coates Road
Cockle Bay, Auckland 2014
New Zealand
Name : Wayne Patrick Robbins
Designation : Director
Appointment date :
18/09/90
Address : 45 Rosebank Drive
R D 1, Hamilton
New Zealand
Staff employed :
10 employees
Composition
Authorized Capital
: NZD 5,000
No of shares : 5,000 Shares
Share par value : NZD 1
Issued capital : NZD 5,000
Paid up capital : NZD 5,000
How listed : Full
List
Composition
Shareholder name :
TRANSMISSION HOUSE LIMITED
Address : 47 Vickery Street
Te Rapa, Hamilton 3200
Australia
No. of shares : 2,500 Shares
% of shares : 50%
Shareholder name :
Jointly held by Robert Mountford
Blase & Sharon Gayle Anne Blase
Address : Robert Mountford Blase
& Sharon Gayle Anne Blase
25 Coates Road
Cockle Bay, Auckland 2014
New Zealand
No. of shares : 2,499 Shares
% of shares : 49.98%
Shareholder name :
Robert Mountford Blase
Address : 25 Coates Road
Cockle Bay, Auckland 2014
New Zealand
No. of shares : 1 Share
% of shares : 0.02%
Structure
Related companies
and corporate : None reported. affiliations comments
Bank Details
Name of bank : ANZ Bank New Zealand
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. Wayne
Patrick Robbins advised the Subject’s
annual turnover is between NZD 4 million to 6 million.
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, distribution and servicing of conveyor
components and associated transmission equipment products.
Product &
services : Conveyor products:
Rubber, PVC, Urethane conveyor belting
Belting Accessories
Belting Cleaners
Belting Fasteners
Conveyor Frames
Conveyor Rollers
Custom Fabrication
Gravity Rollers
PTFE Coated Fabrics
Uni Modular Belting
Transmission equipment products:
Chain & Sprockets
Couplings
Electronics
Reduction Boxes
Thermoplastic Gears
Vee Belts
Vee Pulleys
Brand : PROBELT
MOTOVARIO
ROSSI
TYTON
RATHI
Purchases
International : Netherlands,
China, United Kingdom, United States, Australia, Italy, Spain,
France
Sales
Local : Yes
International :
Australia, Pacific Islands
Property & Assets
Premises : The
Subject operates from premises at the verified heading address
consisting of a
administrative office, showroom, warehouse and workshop.
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 :
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, D/P, Credit 30-90 days
Sales Term
Local :
Prepayment, Bank transfer, D/P, Credit 30-90 days
International :
Prepayment, Telegraphic transfer, D/P, Credit 30-90 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.54.03 |
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|
1 |
Rs.82.43 |
|
Euro |
1 |
Rs.70.49 |
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 |
|
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.