PRELIMINARY REPORT
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Report Date : |
19.12.2013 |
IDENTIFICATION DETAILS
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Name : |
Fuhrmann Nz 1983 Limited |
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Registered Office : |
Unit 8, 75 Peterborough Street, Christchurch Central, Christchurch
8013 |
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Country : |
New Zealand |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
22.09.1938 |
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Com. Reg. No.: |
207447 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
The Subject engages as a wool Brokers. |
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No. of Employees : |
10 Employees |
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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 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 : FUHRMANN
NZ 1983 LIMITED
Business address : Unit
8, 75 Peterborough Street
Town : Christchurch
Central
Province : Christchurch
Zip/postal code : 8013
Country : New Zealand
Tel : +64
3 3796173
Fax : +64
3 3650747
Email : fuhrmann@xtra.co.nz
Website : www.gschneider.com
Registered address : Unit
8, 75 Peterborough Street
Town : Christchurch
Central
Province : Christchurch
Zip/postal code : 8013
Country : New
Zealand
Postal address : P.O.
Box 1164
Town : Christchurch
Central
Province : Christchurch
Zip/postal code : 8140
Country : New
Zealand
Executive Summary
Date founded or registered : 22/09/1938
Legal form : Private
Limited Company
Chief executive : Peter
Jens Christensen
Issued & paid up capital : NZD
1,993,901
Sales turnover : NZD 71,945,792 (Non-Consolidated 12
months, 31/12/2011)
Net income : NZD
791,051 (Non-Consolidated 12 months, 31/12/2011)
Total fixed assets : NZD
30,423,584 (Non-Consolidated 12 months, 31/12/2011)
Line of business : Wool
brokers.
Staff employed : 10
employees
Company Analysis
Country risk : Country
risk is minimal
Operation trend : Operational
trend is progressing
Management experience : Management
is adequately experienced
Financial performance : Financial
performance is good
Organization structure : Organizational
structure is consistent
Detrimental : No detrimental found
Payment history : No payment delays noted
Credit amount asked : Not
described.
Registry Data Date founded : 22/09/1938
Registration date : 24/08/1983
Legal form : Private
Limited Company
Registration no 207447
Registered authority : New
Zealand Companies Office
Fiscal/ Tax no : 044-936-461
Registry status : Live/Active
Previous name : None
reported.
Change of legal form : None
reported.
Key Management Name : Peter
Jens Christensen
Designation : Chief
Executive
Officer Name : John
Moore Henderson
Designation : Director
Name : Stephen
Francis Finnie
Designation : Director
Appointments
Name : Donald
Richard Belgre
Designation : Director
Appointment date : 26/06/06
Address : 3/40
Benelong Road Cremorne, NSW 2090 Australia
Name : Peter
Jens Christensen
Designation : Director
Appointment date : 30/11/92
Address : 25
Godley Drive Sumner, Christchurch 8081 New Zealand
Name : Stephen
Francis Finnie
Designation : Director
Appointment
date : 16/04/01
Address : 108
Malcolm Avenue Beckenham, Christchurch 8023 New Zealand
Name : John
Moore Henderson
Designation : Director
Appointment date : 18/03/92
Address : 629
Main North Road Belfast, Christchurch 8051 New Zealand
Name : Claudio
Lacchio
Designation : Director
Appointment date : 26/06/06
Address : Via
Castellazzo 19/A 13898 Occhieppo Superiore (BI) Italy
Staff employed : 10
employees
Key Advisors
Auditors : DELOITTE
50 Hazeldean Road Addington,
Christchurch 8024
New Zealand
Composition
Authorized Capital : NZD
1,993,901
No of shares : 1,993,901
Ordinary Shares
Share par value : NZD
1
Issued capital : NZD
1,993,901
Paid up capital : NZD
1,993,901
How listed : Full
List
Composition
Shareholder name : E
R FOSTER NZ LIMITED
Address : Unit
8, 75 Peterborough Street
Christchurch
Central, Christchurch 8013 New Zealand
No. of shares : 1,652,133
Ordinary Shares
Shareholder name : Peter
Jens Christensen
Address : 25
Godley Drive Sumner, Christchurch 8081 New Zealand
No. of shares : 175,635
Ordinary Shares
Shareholder name : John
Moore Henderson
Address : 629
Main North Road
Belfast,
Christchurch 8051 New Zealand
No. of shares : 99,758
Ordinary Shares
Shareholder name : Stephen
Francis Finnie
Address : 108
Malcolm Avenue
Beckenham,
Christchurch 8023 New Zealand
No. of shares : 66,375
Ordinary Shares
Structure
Name : G.SCHNEIDER
S.A.
Affiliation type : Ultimate
Holding Company
Address : 12,
Rue Guillaume Schneider
L - 2522
Luxembourg
Luxembourg
Comments : G. Schneider SA
processes and markets natural fiber including wool, cashmere, and silk. The
company was incorporated in 1999 and is based in Luxembourg.
Name : FUHRMANN
1735 N.V.
Affiliation type : Intermediate
Holding Company
Address : Koningslaan
17 1075AA Amsterdam Netherlands
Name : E
R FOSTER NZ LIMITED
Affiliation type : Parent
Company
Address : Unit
8, 75 Peterborough Street
Christchurch Central,
Christchurch 8013
New Zealand
Name : WAIHI
WOOLS (1981) LIMITED
Affiliation type : Wholly-owned
Subsidiary
Address : Unit
8, 75 Peterborough Street
Christchurch
Central, Christchurch 8013
New Zealand
Name : FUHRMANN
S.A.
Affiliation type : Associate
Address : Ruta
25 Chacra 73 Lote 4 A
C.P. 9100 -Rawson,
Chubut
Argentina
Bank Details
Name of bank : Bank
of 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 : Commercial
Registry Filings
Financial statement date : 31/12/11
Type of accounts : Full
audited
Currency : New
Zealand, Dollar (NZD)
Exchange rate : 1
USD = NZD 1.17 as of 03-05-2013
Summarized
Financial Information
Consolidation type
: Non Consolidated Non Consolidated
Currency : New Zealand,
Dollar (NZD) New Zealand, Dollar
(NZD)
Denomination : (x1) One (x1) One
Date of financial
year end : 31/12/11 31/12/10
Length of accounts
: 12 months 12 months
Sale turnover / Income : 71,945,792 56,515,460
Gross profit : 1,951,968
1,286,203
Profit before tax : 1,102,520
809,696
Net income : 791,051
487,666
Non current assets : 911,388
904,430
Current assets : 29,512,195
24,971,639
Inventories : 18,018,620
15,355,808
Total assets : 30,423,584
25,876,069
Current liabilities : 25,399,859
21,654,768
Non current liabilities : 67,202
55,829
Total liabilities : 25,467,061
21,710,597
Share equity : 4,956,523
4,165,472
Retained earning : 2,650,454
1,859,403
Main activities : The
Subject engages as a wool brokers.
Purchases
Local : Yes
International : Australia
Sales
International : China,
India, Hong Kong, United States
Property &
Assets
Premises : The Subject
operates from premises at the verified heading address consisting of an
administrative office.
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 2009:
26.1%
(General Government gross debt 2010:
32.3%
as a % GDP) : 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 83%
population :
Purchase Term
Local : Prepayment,
Bank transfer, Credit up to 90 days
International : Prepayment,
Telegraphic transfer, Credit up to 90 days
Sales Term
International : L/C,
Document against payment, Credit up to 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.92 |
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1 |
Rs.100.83 |
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Euro |
1 |
Rs.85.27 |
INFORMATION DETAILS
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Report
Prepared by : |
NNA |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.