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Report Date : |
27.07.2013 |
IDENTIFICATION DETAILS
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Name : |
YOGIJI'S NZ LIMITED |
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Registered Office : |
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Country : |
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Date of Incorporation : |
27.11.2002 |
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Com. Reg. No.: |
1259676 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and retail sales of grocery
and food products |
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No. of Employees : |
10 |
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 – 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 : YOGIJI'S NZ LIMITED
Other style / Business name :
YOGIJI’S FOOD MART
Business address : 26 Carr Road
Town : Mt.
Roskill
Province : Auckland
Zip/postal code : 1042
Country : New Zealand
Tel : +64 9 6245757
Fax : +64 9 6245758
Email : rajesh@yogijis.co.nz
Website : www.yogijis.co.nz
Registered address : 26 Carr Road
Town : Mt.
Roskill
Province : Auckland
Zip/postal code : 1042
Country : New Zealand
Executive Summary
Date founded or registered : 27/11/2002
Legal form : Private Limited
Company
Chief executive : Rajesh Kishore Thakkar
Issued & paid up capital
: NZD 100
Line of business : Import and retail sales of
grocery and food products.
Staff employed : 10 employees
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is
steady
Management experience : Management is reasonably experienced
Financial performance : Financial performance is undetermined
Organization structure : Organizational structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Registry Data
Registration date : 27/11/2002
Legal form : Private Limited Company
Registration no 1259676
Registered authority : New Zealand Companies Office
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Key Management
Name : Rajesh Kishore Thakkar
Designation : Managing Director
Appointments
Name : Rajesh Kishore Thakkar
Designation : Director
Appointment date : 27/11/02
Address : 576 Hillsborough Road
Mt.
Roskill, Auckland 1041
New
Zealand
Staff employed : 10 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
Composition
How listed : Full List
Composition
Shareholder name : Rajesh Kishore Thakkar
Address : 576 Hillsborough Road
Mt.
Roskill, Auckland 1041
New
Zealand
No. of shares : 100
Shares
% of shares : 100%
Structure
Name : YOGIJI'S CHRISTCHURCH
LIMITED
Affiliation type : Sister Company
Address : 569B Colombo Street
Christchurch
Central, Christchurch 8011
New
Zealand
Comments : Operator of a retail grocery
and food store called Yogiji’s Food Mart at
Christchurch, New Zealand.
Name : YOGIJIS HAMILTON
LIMITED
Affiliation type : Sister Company
Address : 89 Greenwood Street
Frankton,
Hamilton 3204
New
Zealand
Comments : Operator of a retail grocery
and food store called Yogiji’s Food Mart at Hamilton,
New Zealand.
Bank Details
Name of bank : ANZ National Bank
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. Rajesh Kishore Thakkar declined to provide any
financial information until the inquiring party details are
revealed.
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
retail sales of grocery and food products.
The Subject operates a retail grocery and food store called
Yogiji’s Food
Mart located
at 26 Carr Road, Mt. Roskill, Auckland 1042, New Zealand.
Product & services :
· Rice
Prayer products
Utensils
Cosmetics
Biscuits
Canned food products
Nuts
Ready To Make Instant Mixes
Masala’s & Spices
Heat N Eat Meals
Pickles, Sauces, Paste & Chutneys
Noodles
Sweets
Snacks
Oil
South Indian products
Sri Lanka products
Atta & Flours
Frozen food products
Frozen Vegetables & Fruits
Brand :
YOGIJI'S FOOD MART
Purchases
International : India, Canada, United States, Malaysia, Sri
Lanka
Sales
Local : Yes
International : No exports.
Property &
Assets
Premises : The Subject operates from premises at the
verified heading address
consisting of a retail store and 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 : 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 : Telegraphic transfer, D/P,
Credit 30-90 days
Sales Term
Local : Cash, Credit card, Bank
transfer, 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
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Indian Rupees |
|
US Dollar |
1 |
Rs.58.91 |
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UK Pound |
1 |
Rs.90.68 |
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Euro |
1 |
Rs.78.22 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.