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Report Date : |
29.01.2013 |
IDENTIFICATION DETAILS
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Name : |
H DAWSON SONS & CO WOOL NZ LIMITED |
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Registered Office : |
C/o GRANT THORNTON NEW ZEALAND LIMITED Level 1, The Antarctic Attraction 38 Orchard Road Christchurch Airport Canterbury Christchurch 8053 |
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Country : |
New Zealand |
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Financials (as on) : |
30.06.2006 |
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Date of Incorporation : |
21.11.1969 |
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Com. Reg. No.: |
131690 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wool brokers & exporters. |
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No. of Employees : |
8 employees |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 : H DAWSON SONS & CO WOOL NZ
LIMITED
Business address :
10 Ketton Place
Town : Saint Albans
Province : Christchurch
Zip/postal code : 8052
Country : New Zealand
Tel : +64 3 3666917
Fax : +64 3 3665702
Email : trading@hdawson.co.nz
Website : www.hdawson.co.nz
Registered address
: C/o GRANT THORNTON NEW ZEALAND
LIMITED
Level 1, The Antarctic Attraction
38 Orchard Road
Christchurch Airport
Town : Canterbury
Province : Christchurch
Zip/postal code : 8053
Country : New Zealand
Postal address : P.O. Box 21135
Town : Edgeware
Province : Christchurch
Zip/postal code : 8143
Country : New Zealand
Executive Summary
Date founded or
registered : 21/11/1969
Legal form : Private Limited
Company
Chief executive : Mark Bruce Johnston
Issued & paid
up capital : NZD 50,000
Sales turnover : NZD 60,043,737
(Non-consolidated 12 months, 30/06/2006)
Net income : NZD 336,645
(Non-consolidated 12 months, 30/06/2006)
Total fixed assets
: NZD 9,473,062
(Non-consolidated 12 months, 30/06/2006)
Line of business :
Wool brokers &
exporters.
Staff employed : 8 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 good
Organization
structure : Organizational structure is
stable
Detrimental : No
detrimental found
Payment history : No payment delays noted
Registry Data
Registration date
: 21/11/1969
Legal form : Private Limited Company
Registration no 131690
Registered
authority : New Zealand Companies
Office
Registry status : Live/Active
Previous name : None reported.
Change of legal
form : None reported.
Key Management
Name : Mark Bruce Johnston
Designation : Managing Director
Appointments
Name : Andrew Gerard Dawson
Designation : Director
Appointment date :
01/05/07
Address : Hall Wells Barn
Appletreewick, Skipton
North Yorkshire BD23 6DD
United Kingdom
Name : Jo Harry Dawson
Designation : Director
Appointment date :
01/05/07
Address : 10 Low Green
Rawdon, Leeds
West Yorkshire LS19 6HB
United Kingdom
Name : Mark Bruce Johnston
Designation : Director
Appointment date :
27/06/03
Address : 5 Brigadoon Place
Avonhead, Christchurch 8042
New Zealand
Name : Thomas Wayne Robertson
Designation : Director
Appointment date :
18/11/11
Address : 11 Orlando Crescent
Waimairi Beach, Christchurch 8083
New Zealand
Staff employed : 8
employees
Composition
Authorized Capital
: NZD 50,000
No of shares : 50,000 Shares
Share par value : NZD 1
Issued capital : NZD 50,000
Paid up capital : NZD 50,000
How listed : Full
List
Composition
Shareholder name :
Andrew Gerard Dawson
Address : Hall Wells Barn
Appletreewick, Skipton
North Yorkshire BD23 6DD
United Kingdom
No. of shares : 50,000 Shares
% of shares : 100%
Structure
Name : H. DAWSON SONS AND COMPANY (WOOL)
LIMITED
Affiliation type :
Associate
Address : Mercury House
Essex Street, Bradford
West Yorkshire BD4 7PG
United Kingdom
Name : H. DAWSON SONS & CO. (AUST.)
PTY. LIMITED
Affiliation type :
Associate
Address : 36 Peckham Avenue
Chatswood, NSW 2067
Australia
Name : H. DAWSON ITALIA S.R.L.
Affiliation type :
Associate
Address : Via Serralunga 8
13900 Biella
Italy
Bank Details
Name of bank : Australia and New Zealand Banking
Group 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 : Commercial
Registry Filings
Financial
statement date : 30/06/06
Type of accounts :
Full audited
Currency : New Zealand,
Dollar (NZD)
Exchange rate : 1 USD = NZD 1.19 as of
25-01-2013
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 : 30/06/06 30/06/05
Length of accounts
: 12 months 12 months
Sale turnover /
Income : 60,043,737 65,128,244
Gross profit : 2,743,685 2,132,083
Profit before tax
: 541,291 166,960
Net income : 336,645 94,759
Non current assets
: 259,754 250,364
Current assets : 9,213,308 11,764,300
Inventories : 5,692,649 7,284,974
Total assets : 9,473,062 12,014,664
Current
liabilities : 1,074,947 3,953,194
Total liabilities
: 1,074,947 3,953,194
Share equity : 8,398,115 8,061,470
Retained earning :
8,233,961 7,897,316
Comments : The
Subject latest financial information was not made available at the registry.
Main activities :
The Subject is engaged as wool brokers & exporters.
Purchases
Local : 100% local
suppliers
International : No
import.
Sales
Local : Yes
International :
Worldwide
Property & Assets
Premises : The
Subject operates from premises located 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
(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
Local :
Prepayment, Credit 30-60 days
Sales Term
International :
L/C, 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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.89 |
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|
1 |
Rs.84.92 |
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Euro |
1 |
Rs.72.51 |
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 |
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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.