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Report Date : |
12.12.2013 |
IDENTIFICATION DETAILS
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Name : |
PSP LIMITED |
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Registered Office : |
320 Rosedale Road, Albany, Auckland, 0632 |
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Country : |
New Zealand |
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Date of Incorporation : |
15.11.1996 |
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Com. Reg. No.: |
835414 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and
distributor of plastic sheets, architectural and building products,
decorative products |
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No. of Employees : |
47 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 : PSP LIMITED
Business address : 320
Rosedale Road
Town : Albany
Province : Auckland
Zip/postal code : 0632
Country : New
Zealand
Tel : +64
9 4152800
Fax : +64
9 4152809
Email : customerservices@psp.co.nz
Website : www.psp.co.nz
Registered address : 320
Rosedale Road
Town : Albany
Province : Auckland
Zip/postal code : 0632
Country : New
Zealand
Postal address : P.O.
Box 101 851
North Shore Mail
Centre
Town : North
Shore City
Province : Auckland
Zip/postal code : 0745
Country : New
Zealand
Executive Summary
Date founded or registered : 15/11/1996
Legal form : Private
Limited Company
Chief executive : Graham
William Gibbs
Issued & paid up capital : NZD
10,000
Sales turnover : NZD 26,000,000 (Estimated
Non-Consolidated 12 months, 31/03/2013)
Line of business : Import
and distributor of plastic sheets, architectural and building products,
decorative
products
Staff employed : 47
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
Organization structure : Organizational
structure is stable
Detrimental : No detrimental found
Payment history : No
payment delays noted
Registry Data
Registration date : 15/11/1996
Legal form : Private
Limited Company
Registration no 835414
Registered authority : New
Zealand Companies Office
Fiscal/ Tax no : 9429038193958
Registry status : Live/Active
Previous name : None
reported.
Change of legal form : None reported
.
Key Management
Name : Graham
William Gibbs
Designation : Managing
Director
Name : Dean
Raymond Hodgson
Designation : Director
Appointments
Name : Roydon
Andrew Dew
Designation : Director
Appointment date : 01/08/07
Address : 4
Helmsdale Court
Huntington,
Hamilton 3210
New Zealand
Name : Graham
William Gibbs
Designation : Director
Appointment date : 15/11/96
Address : 10
Audrey Road
Takapuna, Auckland
0620
New Zealand
Name : Dean
Raymond Hodgson
Designation : Director
Appointment date : 01/08/07
Address : 18
Pimento Place
New Lynn, Auckland
0600
New Zealand
Staff employed : 47
employees
Composition
Authorized Capital
: NZD 10,000
No of shares : 10,000 Shares
Share par value : NZD 1
Issued capital : NZD 10,000
Paid up capital : NZD 10,000
How listed : Full List
Composition
Shareholder name :
Jointly held by Graham
William Gibbs & Dean Raymond Hodgson
Address : Graham William
Gibbs
10 Audrey Road
Takapuna, Auckland 0620
New Zealand
Dean Raymond Hodgson
18 Pimento Place
New Lynn, Auckland 0600
New Zealand
No. of shares : 10,000 Shares
% of shares : 100%
Structure
Name : LEAST
OPTIONS LIMITED
Affiliation type : Wholly-owned
Subsidiary
Address : 320
Rosedale Road
Albany, Auckland
0632
New Zealand
Name : PROUDTREAT
(2003) LIMITED
Affiliation type : Wholly-owned
Subsidiary
Address : 320
Rosedale Road
Albany, Auckland
0632
New Zealand
Name : PSP
STONECRAFT LIMITED
Affiliation type :
Sister Company
Address : 28 Poland Road
Wairau Valley, Auckland 0627
New Zealand
Name : TRANSFORM
PACKAGING LIMITED
Affiliation type : Sister Company
Address : C/o MARLEY LOFT
LIMITED
Level 6, 130 Broadway
Newmarket, Auckland 1023
New Zealand
Name : TRANSFORM
TECHNOLOGIES LIMITED
Affiliation type :
Sister Company
Address : C/o MARLEY LOFT
LIMITED
Level 6, 130 Broadway
Newmarket, Auckland 1023
New Zealand
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
Source of
financial statement : Provided by the
Subject
Financial
statement date : 31/03/13
Type of accounts :
Estimated key figures
Currency : New Zealand,
Dollar (NZD)
Exchange rate : 1 USD = NZD 1.21 as of
10-12-2013
Summarized Financial Information
Consolidation type
: Non Consolidated Non Consolidated Non Consolidated
Currency : New Zealand,
Dollar New Zealand, Dollar New Zealand, Dollar
(NZD) (NZD) (NZD)
Denomination : (x1) One (x1) One (x1) One
Date of financial
year end : 31/03/13 31/03/12 31/03/11
Length of accounts
: 12 months 12 months 12 months
Sale turnover /
Income : 26,000,000
26,000,000 27,000,000
Comments : The estimated
turnover was provided by Mr. Dean Raymond Hodgson.
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 plastic sheets, architectural and building products,
decorative products
The Subject serves the retail/commercial,
fitout/joinery, architectural glazing, domestic/interior renovations, security/safety
glazing, DIY translucent roofing & glazing, display and illuminated signage
industry.
Product &
services : -Plastic
Sheets: Acrylic sheet, Polycarbonate sheet, PVC sheet, Aluminium Composite
Material sheet, Digital Printing sheet, Industrial Plastics sheet, Hi-Gloss
Specialty Acrylic sheet, Satin Finish Specialty Acrylic sheet, Embedded
Decorative Acrylic sheet, Self Adhesive Decorative Finishes sheet and Porcelain
Sheet
-Translucent
Roofing Products
-Cladding
Products: PVC Hygienic Cladding System
-Fencing Systems
-Mounts, hanging
& display products
Purchases
International : Germany, Australia,
Israel, India, Taiwan, South Korea, China, Japan, Vietnam, United States
Sales
Local : Yes
International : No
exports.
Property &
Assets
Premises : The Subject
operates from the verified heading address consisting of a showroom, warehouse
and an administrative office.
Branches : In addition, the
Subject operates from the following branch offices and showrooms located at:
13 Tawn Place
Pukete, Hamilton
3200
New Zealand
Tel: +64 7 8506280
72 Hammersmith
Drive
Wigram,
Christchurch 8042
New Zealand
Tel: +64 3 3410248
5A Riddlers
Crescent
Petone, Wellington
5012
New Zealand
Tel: +64 4 5687180
Gross Domestic Products
(GDP) & Economic Overview
Central bank : Reserve
Bank of New Zealand
Reserve of foreign exchange & gold : US$ 17.012 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 : 2010:
2.3%
2011: 4%
2012: 2.1%
Unemployment rate : 2010:
6.5%
2011: 6.5%
2012: 6%
Public debt 2010:
32.3%
(General Government gross debt as 2011:
37%
a % GDP) 2012:
36%
Government bond ratings : Standard
& Poor's: AA
Moody's rating:
Aaa
Moody's outlook:
STA
Market value of publicly traded US$71.66
billion
shares
Largest companies in
the country : Westpac Banking
Corporation, New Zealand Aluminium Smelters Limited, Fletcher Building Limited,
Telecom Corporation of New Zealand Limited
Total exports : US$37.73
billion
Exports commodities : Dairy
products, meat, wood and wood products, fish, machinery
Total imports : US$35.65
billion
Imports commodities : Machinery
and equipment, vehicles and aircraft, petroleum, electronics,
textiles, plastics
Export - major partners : Australia
22.2%, China 12.5%, US 8.5%, Japan 7.1%
Import - major partners : China
16.1%, Australia 15.9%, US 10.4%, Japan 6.3%, Singapore 4.6%,
Germany 4.3%
FDI Inflows : 2009:
US$-761 million
2010: US$636
million
2011: US$3,369
million
FDI Outflows : 2009:
US$-1,037 million
2010: US$591
million
2011: US$2,856 million
Best countries for doing business : 3
out of 185 countries
Global competitiveness ranking : 23
(ranking by country on a basis of 144, the first is the best)
Country and
Population Overview
Total population : 4.46
million
Total area : 270,467
km2
Capital : Wellington
Currency : New
Zealand dollars (NZD)
Internet users as % of total
Population : 86%
Purchase Term
International : L/C,
Prepayment, Telegraphic transfer, Credit 30-90 days
Sales Term
Local : Prepayment,
Bank transfer, D/P, Cheque, 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.61.33 |
|
|
1 |
Rs.100.79 |
|
Euro |
1 |
Rs.84.38 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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 |
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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 |
|
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 |
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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 |
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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.