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Report Date : |
20.07.2013 |
IDENTIFICATION DETAILS
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Name : |
JUDEN TRADING LIMITED |
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Registered Office : |
C/O Inspired Business Solutions Limited, Level 8, 57 Fort Street, Auckland Central, Auckland, Zip/Postal Code 1010 |
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Country : |
New Zealand |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
08.10.2003 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
importer and distributor of heat exchangers |
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No. of Employees : |
02 |
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 : |
Small Company |
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Payment Behaviour : |
Slow |
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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) |
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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.
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Source : CIA |
Verified Address
Subject name : JUDEN
TRADING LIMITED
Other style / Business name : HEAT
TRANSFER NEW ZEALAND
Business address : Unit
19, 6 Airborne Road
Town : Rosedale
Province : Auckland
Zip/postal code : 0632
Country : New
Zealand
Tel : +64 9 4416634 / 21 334707
Fax : +64
9 4416635
Email : info@heatnz.co.nz
Website : www.heatnz.co.nz
Registered address : C/o
INSPIRED BUSINESS SOLUTIONS LIMITED
Level 8, 57 Fort Street
Town : Auckland
Central
Province : Auckland
Zip/postal code : 1010
Country : New
Zealand
Executive Summary
Date founded or registered : 08/10/2003
Legal form : Private
Limited Company
Chief executive : Denis
Wakefield Browne
Issued & paid up capital : NZD
100
Line of business : Import
and distribution of heat exchangers.
Staff employed : 2
employees
Company Analysis
Country risk : Country
risk is minimal
Operation trend : Operational
trend is declining
Management experience : Management
is modestly experienced
Financial performance : Financial
performance is fair
Organization structure : Organizational
structure is acceptable
Detrimental : No detrimental found
Payment history : No
payment delays noted
Registry Data
Registration date : 08/10/2003
Legal form : Private
Limited Company
Registration no 1406627
Registered authority : New
Zealand Companies Office
Registry status : Live/Active
Previous name : None
reported.
Change of legal form : None
reported.
Key Management
Name : Denis
Wakefield Browne
Designation : Managing
Director
Appointments
Name : Denis
Wakefield Browne
Designation : Director
Appointment date : 08/10/03
Address : 48
Lemington Road
Westmere, Auckland 1022
New Zealand
Name : Judith
Florence Browne
Designation : Director
Appointment date : 08/10/03
Address : 8
Lemington Road
Westmere, Auckland 1022
New Zealand
Staff employed : 2
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 : Denis
Wakefield Browne
Address : 48
Lemington Road
Westmere, Auckland 1022
New Zealand
No. of shares : 35
Shares
Shareholder name : Judith
Florence Browne
Address : 48
Lemington Road
Westmere, Auckland 1022
New Zealand
No. of shares : 35
Shares
Shareholder name : INSPIRED
SOLUTIONS TRUST HOLDINGS LIMITED
Address : C/o
INSPIRED BUSINESS SOLUTIONS LIMITED
Level 8, 57 Fort Street
Auckland Central
Auckland 1010
New Zealand
No. of shares : 30 Shares
Structure
Related companies and corporate affiliations comments : None reported.
Bank Details
Name of bank : Westpac
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 1.26 as of 16-07-2013
Summarized
Financial Information
Consolidation type : Non
Consolidated Non Consolidated Non Consolidated
Currency : in New Zealand,
Dollar (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 : 750,000 500,000 1,500,000
Comments : The
estimated turnover was provided by Mr. Denis Wakefield Browne.
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 heat exchangers.
Product &
services :
· Plate heat exchangers
· Plate and shell heat exchangers
· Brazed plate heat exchangers
· Corrugated tubular heat exchangers
· Generic gaskets & plates
Purchases
International : China,
Taiwan, Australia, United States, South Korea
Sales
Local : Yes
International : No
exports.
Property &
Assets
Premises : The
Subject operates from premises at the verified heading address
consisting of a
administrative office and warehouse.
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 : agriculture4.7%
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 days
Sales Term
Local : Prepayment,
Bank transfer, Credit 30 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
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Indian Rupees |
|
US Dollar |
1 |
Rs.59.79 |
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UK Pound |
1 |
Rs.91.03 |
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Euro |
1 |
Rs.78.52 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.