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Report Date : |
15.05.2013 |
IDENTIFICATION DETAILS
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Name : |
CALLPLUS SERVICES LIMITED |
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Registered Office : |
CallPlus Business Centre, Level 3, 110 Symonds Street, Auckland Central, Auckland 1010 |
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Country : |
New Zealand |
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Date of Incorporation : |
29.01.2003 |
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Com. Reg. No.: |
1271483 |
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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 : |
200 |
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 – 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.
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Source
: CIA |
Verified Address
Subject name : CALLPLUS SERVICES LIMITED
Business address : CallPlus Business Centre
Level 3, 110 Symonds Street
Town : Auckland Central
Province : Auckland
Zip/postal code : 1010
Country : New Zealand
Tel : +64 9 9157575
Fax : +64 9 9157589
Email : accounts@callplus.co.nz / support@callplus.co.nz
Website : www.callplus.co.nz
Registered address : CallPlus Business Centre
Level 3, 110 Symonds Street
Town : Auckland Central
Province : Auckland
Zip/postal code : 1010
Country : New Zealand
Postal address : P.O. Box 108109, Symonds Street
Town : Auckland Central
Province : Auckland
Zip/postal code : 1150
Country : New Zealand
Executive Summary
Date founded or registered : 29/01/2003
Legal form : Private Limited Company
Chief executive : Mark John Callander
Issued & paid up capital : NZD 1,000
Line of business : Telecommunications service provider.
Staff employed : 200 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 undetermined
Organization structure : Organizational structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Registry Data
Registration date : 29/01/2003
Legal form : Private Limited Company
Registration no 1271483
Registered authority : New Zealand Companies Office
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Key Management
Name : Mark John Callander
Designation : Chief Executive Officer
Biography : With over 10 years experience in the Telecommunications industry starting at Telecom NZ, Mark has been a key driver behind the growth and success of CallPlus. He joined the company in 2001 to lead the marketing and product teams before becoming General Manager for the Slingshot business and subsequently the Chief Executive Officer across the group of companies. Some of the achievements over the years include TUANZ Innovation of the Year, ISP of the Year and more recently Telecommunications Carrier of the Year.
Mark is currently a board member of the NZ Institute of Management for the Northern region and Not For Me, an organisation set up to raise money for selected charities around NZ.
Name : Kelvin Hussey
Designation : General Manager
Biography : A very experienced senior executive and general manager. Kelvin brings a wealth of knowledge from both the New Zealand and United Kingdom telecommunications industries.
Previously at Cable and Wireless Communications as Director of Sales and Director of Business Support he also served as Director of Customer Operations for Energis Communications before emigrating to New Zealand to join Vodafone.
Name : John Butt
Designation : General Manager, Networks
Appointments
Name : Robert James Campbell
Designation : Director
Appointment date : 07/12/10
Address : 11 Hepburn Street
Freemans Bay, Auckland 1011
New Zealand
Biography : Rob is a director of several businesses including Turners & Growers Ltd, Lake Taupo Forest Management Ltd, and Guinness Peat Group, and also a number of private equity and hedge funds around the world. He is an experienced director of firms such as Freightways, Bank of New Zealand and Viaduct Harbour. He operates his own investment business, Tutanekai Investments. His academic qualifications are in economics.
Name : Malcolm Stuart Dick
Designation : Director
Appointment date : 29/01/03
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 : Annette Sylvia Presley
Designation : Director
Appointment date : 29/01/03
Address : 39 Ewen Street
Hauraki, Auckland 0622
New Zealand
Staff employed : 200 employees
Composition
Authorized Capital : NZD 1,000
No of shares : 1,000 Shares
Share par value : NZD 1
Issued capital : NZD 1,000
Paid up capital : NZD 1,000
How listed : Full List
Composition
Shareholder name : CALLPLUS HOLDINGS LIMITED
Address : CallPlus Business Centre
Level 3, 110 Symonds Street
Auckland Central, Auckland 1010
New Zealand
No. of shares : 1,000 Shares
% of shares : 100%
Structure
Name : CALLPLUS HOLDINGS LIMITED
Affiliation type : Parent Company
Address : CallPlus Business Centre
Level 3, 110 Symonds Street
Auckland Central, Auckland 1010
New Zealand
Name : CALLPLUS TRUSTEE LIMITED
Affiliation type : Wholly-owned Subsidiary
Address : CallPlus Business Centre
Level 4, 110 Symonds Street
Auckland Central, Auckland 1010
New Zealand
Name : CALLPLUS ASSETS LIMITED
Affiliation type : Sister Company
Address : CallPlus Business Centre
Level 3, 110 Symonds Street
Auckland Central, Auckland 1010
New Zealand
Name : FLIP SERVICES LIMITED
Affiliation type : Sister Company
Address : CallPlus Business Centre
Level 4, 110 Symonds Street
Auckland Central, Auckland 1010
New Zealand
Name : 2TALK LIMITED
Affiliation type : Associate
Address : Level 9, 110 Symonds Street
Auckland Central, Auckland 1010
New Zealand
Related companies and corporate affiliations comments: Other companies of the Callplus Group should be considered affiliates of the Subject.
Bank Details
Name of bank : Bank of New Zealand
Address : New Zealand
Account details : Current Account
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
Comments : The representative contacted Mr. Michael Gough 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 operates as a telecommunications service provider in New Zealand.
The Subject offers business voice calling services such as managed solutions, toll free services and audio/Web conferencing services. In addition, the Subject provides business fixed line services such as call management, messaging, and fax services.
Furthermore, the Subject also offers mobile handsets, mobile broadband services, Internet services such as business broadband; Internet; domain name, Web hosting, Email, Web mail, and Internet security services; and managed wide area networks.
Product & services : - Mobile handsets
- Fixed voice and data services
- Mobile voice and Internet Services
- Managed voice products
- Business voice services
- Visibill Analyser, a Web-based service that allows analyzing usage, patterns, and trends.
Purchases
International : Europe, Asia
Sales
Local : Yes
International : No exports.
Key events : 8 November 2012
CallPlus joins UFB business fibre fray with unlimited data plans CallPlus says it is now offering businesses in 17 regions fibre plans via the Ultrafast Broadband (UFB) rollout.
The government sais earlier this week that fibre had been rolled past 100,000 premises under the 10-year public-private project, backed by $1.35 billion from the taxpayer (although only around 1000 customers have taken advantage of the opportunity to connect so far).
CallPlus says 25,000 businesses are within reach of its UFB fibre plans in parts of 17 regions (Auckland, Christchurch, Dunedin, Hamilton, Hawera, Invercargill, Masteron, Napier, New Plymouth, Palmerston North, Pukekohe, Rotorua, Taupo, Tauranga, Whanganui, Wellington and Whangarei).
For $130 a month business customers will receive unlimited internet of up to 30Mbit/s download and 10Mbit/s upload – with no data cap. Also included in the business bundles are online backup to disaster proof business data, a web domain name and web hosting, CallPlus says. Two analogue lines will also be included.
A $230 a month plan boosts speed to 100Mbit/s download and 50Mbit/s upload.
For $480 a month you get maximum 100Mbit/s speed in both directions.
Unlike the residential market, where the government recently stung Chorus with $20 million in extra costs to ensure free connection until the end of 2015, businesses have to pay to connect to the UFB.
Setup costs were not immediately detailed, but most of the UFB companies are charging a connection cost equal to three months' usage charges [UPDATE: CallPlus says connection will be free - as long as a business signs up for a two-year contract]
CallPlus has already launched residential UFB plans through its Slingshot subsidiary.
Source: hwww.nbr.co.nz
13 July 2012
CallPlus poised to become third largest telco CallPlus CEO, Mark Callander, says the Vodafone and TelstraClear merger will create new opportunities in the New Zealand market.
Callander says in a media statement that CallPlus will be well poised as the third largest telco in New Zealand after the merger. “Based on the Commerce Commission data, the merger will result in Telecom having a 49 percent share of the fixed line market, Vodafone/TelstraClear having 29 percent, CallPlus/ Slingshot with 9 percent and Orcon on 5 percent.
“It will be a turbulent phase for the industry and there is potentially further consolidation ahead. This type of disruption creates growth opportunities and CallPlus will leverage this over the next year,” he says.
“As the largest remaining challenger in the market we are tasked with a very important job. Not only do we need to continue innovating and driving down prices in the market, but we need the regulator to ensure a competitive playing field is maintained. This is critical for everyone across the country,” says Callander
Source: www.cio.co.nz
Property & Assets
Premises : The Subject operates from premises at the verified heading address consisting of an administrative office.
Branches : In addition, the Subject operates from other locations in Auckland, New Zealand.
Gross Domestic
Products (GDP) & Economic Overview
Central bank : Reserve Bank of New Zealand
Reserve of foreign exchange & gold : US$ 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 : Telegraphic transfer, Prepayment, 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 sources
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.63 |
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1 |
Rs.83.67 |
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Euro |
1 |
Rs.71.02 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.