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Report Date : |
15.05.2013 |
IDENTIFICATION DETAILS
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Name : |
2TALK LIMITED |
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Registered Office : |
Level 9, 110 Symonds Street, Auckland Central, Auckland, Zip/postal code 1010 |
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Country : |
New Zealand |
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Date of Incorporation : |
13.10.2006 |
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Com. Reg. No.: |
1870536 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Telecommunications service provider |
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No. of Employees : |
20 |
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.
Source cia
Verified Address
Subject name : 2TALK LIMITED
Business address : Level 9, 110 Symonds Street
Town : Auckland Central
Province : Auckland
Zip/postal code : 1010
Country : New Zealand
Tel : +64 9 2814357
Email : support@2talk.co.nz
Website : www.2talk.co.nz
Registered address : Level 9, 110 Symonds Street
Town : Auckland Central
Province : Auckland
Zip/postal code : 1010
Country : New Zealand
Postal address : P.O. Box 108110, Symonds Street
Town : Auckland Central
Province : Auckland
Zip/postal code : 1150
Country : New Zealand
Executive Summary
Date founded or registered : 13/10/2006
Legal form : Private Limited
Company
Chief executive : Judith Flood
Issued & paid up capital
: NZD 13,885
Line of business : Telecommunications
service provider.
Staff employed : 20 employees
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is
steady
Management experience : Management is modestly experienced
Financial performance : Financial performance is undetermined
Organization structure : Organizational structure is stable
Detrimental : No detrimental
found
Payment history : No payment delays noted
Registry Data
Registration date : 13/10/2006
Legal form : Private Limited
Company
Registration no 1870536
Registered authority : New Zealand Companies Office
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Key Management
Name : Judith Flood
Designation : General Manager
Appointments
Name : Malcolm Stuart Dick
Designation : Director
Appointment date : 13/10/06
Address : 212B Sunnyside Road
Coatesville,
Auckland 0793
New
Zealand
Biography : In 1989 Malcolm, the Managing
Director of Netway Communications,
successfully
established New Zealand’s first voice and data
competitor
to Telecom. In 1992 Malcolm co-founded Call Australia
building
the business into one of Australia’s top telecommunications
providers,
with 200 staff and an annual turnover in excess of $100
million.
After selling Call Australia in 1997 Malcolm returned home to
establish
CallPlus.
Name : Keith Norman Goodall
Designation : Director
Appointment date : 10/12/10
Address : 204 Riverside Avenue
Point
England, Auckland 1072
New
Zealand
Biography : Keith is also Chairman of
several major private company groups and
Deputy
Chairman of a substantial Charitable Trust involved in
education
services in New Zealand and internationally. He has
previously
sat on the Boards of ihug NZ Ltd and iiNet Pty Ltd
Australia
and also held an appointment as a government appointee to
a
substantial state owned business.
Name : Raymond James Jackson
Designation : Director
Appointment date : 10/12/10
Address : 22 Charles Dickens Drive
Mellons
Bay, Auckland 2014
New
Zealand
Staff employed : 20
employees
Composition
Authorized Capital : NZD 13,885
No of shares : 13,885 Shares
Share par value : NZD 1
Issued capital : NZD 13,885
Paid up capital : NZD
13,885
How listed : Full List
Composition
Shareholder name : Malcolm Stuart Dick
Address : 212B Sunnyside Road
Coatesville,
Auckland 0793
New
Zealand
No. of shares : 6,500 Shares
% of shares : 46.81%
Shareholder name : PRESLEY.CO LIMITED
Address : Level 4, 5-7 Kingdon
Street
Newmarket,
Auckland 1023
New
Zealand
No. of shares : 3,500 Shares
% of shares : 25.21%
Shareholder name : GRAVITY SOLUTIONS LIMITED
Address : 22 Charles Dickens Drive
Mellons
Bay, Auckland 2014
New
Zealand
No. of shares : 2,497 Shares
% of shares : 17.98%
Shareholder name : Mark John Callander
Address : 76 Paice Avenue
Sandringham,
Auckland 1025
New
Zealand
No. of shares : 694 Shares
% of shares : 5.00%
Shareholder name : Adrian Jeffrey Dick
Address : 15 Eversleigh Road
Belmont, Auckland 0622
New Zealand
No. of shares : 694 Shares
% of shares : 5.00%
Structure
Name : CALLPLUS SERVICES
LIMITED
Affiliation type : Associate
Address : CallPlus Business Centre
Level 3,
110 Symonds Street
Auckland
Central, Auckland 1010
New
Zealand
Name : CALLPLUS HOLDINGS
LIMITED
Affiliation type : Associate
Address : CallPlus Business Centre
Level 3,
110 Symonds Street
Auckland
Central, Auckland 1010
New
Zealand
Name : CALLPLUS TRUSTEE
LIMITED
Affiliation type : Associate
Address : CallPlus Business Centre
Level 4,
110 Symonds Street
Auckland
Central, Auckland 1010
New
Zealand
Name : CALLPLUS ASSETS LIMITED
Affiliation type : Associate
Address : CallPlus Business Centre
Level 3,
110 Symonds Street
Grafton,
Auckland 1010
New
Zealand
Name : FLIP SERVICES LIMITED
Affiliation type : Associate
Address : CallPlus Business Centre
Level 4,
110 Symonds Street
Auckland
Central, Auckland 1010
New Zealand
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
Comments : The representative contacted
Mr. Julian declined to provide any 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 operates as a telecommunications
service provider in New Zealand.
The Subject provides voice related services such as voice calling
services,
VoIP
services, cloud PBX services and SIP Trunks services.
In
addition, the Subject also provides ADSL data and mobile data services.
Product & services : -
Voice related services: Cloud
PBX, SIP Trunks, Faxmail, Toll Free, VoIP services
- Mobile
data and ADSL data services
Purchases
International : Europe, Asia
Sales
Local : Yes
International : No exports.
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
(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 : Bank transfer, D/P,
Credit 30-90 days
International : Prepayment, Telegraphic
transfer, D/P, Credit 30-90 days
Sales Term
Local : Cash, Credit card, Bank
transfer
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 source
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.54.63 |
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UK Pound |
1 |
Rs.83.67 |
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Euro |
1 |
Rs.71.02 |
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.