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Report Date : |
11.09.2013 |
IDENTIFICATION DETAILS
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Name : |
COMPUTER DYNAMICS LIMITED |
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Registered Office : |
North Harbour Industrial Estate
130 Bush Road Albany Auckland 0632 |
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Country : |
New Zealand |
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Date of Incorporation : |
01.06.1989 |
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Com. Reg. No.: |
435416 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, online
sales, wholesale and distributor of network and computer connectivity
solutions. |
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No. of Employees : |
44 employees |
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 : |
Unknown |
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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) |
|
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 : COMPUTER
DYNAMICS LIMITED
Business address : North
Harbour Industrial Estate
130 Bush Road
Town : Albany
Province : Auckland
Zip/postal code : 0632
Country : New
Zealand
Tel : +64
9 4159002
Fax : +64
9 4159003
Email : sales@cdlnz.com
Website : www.cdlnz.com
Registered address : North
Harbour Industrial Estate
130 Bush Road
Town : Albany
Province : Auckland
Zip/postal code : 0632
Country : New
Zealand
Postal address : P.O.
Box 100-888
North Shore Mail
Centre
Town : North
Shore City
Province : Auckland
Zip/postal code : 0745
Country :
New Zealand
Executive Summary
Date founded or registered : 01/06/1989
Legal form : Private
Limited Company
Chief executive : Peter
Anthony Rakich
Issued & paid up capital : NZD
1,000
Line of business :
Importer, online sales, wholesale and distributor of network and computer
connectivity
solutions.
Staff employed : 44
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 found
Payment history : No
payment delays noted
Registry Data
Registration date : 01/06/1989
Legal form : Private
Limited Company
Registration no 435416
Registered authority : New
Zealand Companies Office
Registry status : Live/Active
Previous name : None
reported.
Change of legal form : None
reported.
Key Management
Name : Peter Anthony
Rakich
Designation : Managing Director
Name : Fletcher Prendergast
Designation : Sales Manager
Name : Mark Pedersen
Designation : Accounts Manager
Name : Rhys Hodgson
Designation : Branch Manager
Appointments
Name : Michelle
Rakich
Designation : Director
Appointment date : 01/06/89
Address : 39
Lakeview Road
Takapuna, Auckland 0622
New Zealand
Name : Peter
Anthony Rakich
Designation : Director
Appointment date : 01/06/89
Address : 39
Lakeview Road
Takapuna, Auckland 0622
New Zealand
Staff employed : 44
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 : Jointly
held by Michelle Rakich, Peter Anthony Rakich & Darryl Edward Gregory
Address : Michelle
Rakich & Peter Anthony Rakich
39 Lake View Road
Takapuna, North Shore City 0622
New Zealand
Darryl Edward
Gregory
C/o COMPUTER DYNAMICS LIMITED
North Harbour Industrial Estate
130 Bush Road
Albany 0632
Auckland
New Zealand
No. of shares : 998
Shares
Shareholder name : Peter
Anthony Rakich
Address : 39
Lakeview Road
Takapuna, Auckland
0622
New Zealand
No. of shares : 1 Share
Shareholder name : Michelle
Rakich
Address : 39
Lakeview Road
Takapuna, Auckland 0622
New Zealand
No. of shares : 1
Share
Structure
Related companies and corporate : None
reported.
Bank Details
Name of bank : ANZ
Bank 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. Peter Anthony Rakich 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
three conditions are met:
- 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's main activities is importation,
online sales, wholesale and distribution of computer cables, network patch
leads, network cabling solutions and a variety of networking and communication
technologies.
Product & services : Adapters
& Gender Changers
Add on Cards
Audio-Video Cables & Adapters
CCTV Security Products
Computer Accessories
Computer Cables
Display Port Products
External Enclosures
Fibre Networking Products
Firewire Products
HDMI Products
Interface & Protocol Converters
KVM Switches
LCD-Plasma Display Brackets
Media Players
Memory Products-Hard Drives
Mice, Keyboards & Webcams
Network Cabinets & Racks
Network Cable Rolls
Network IP Cameras
Network Patch Leads UTP,STP,110
Networking Hardware - Wired
Networking Hardware - Wireless
Notebook & Digital Accessory Bags
Power Products
Projector Screens & Brackets
Retail Point of Sale Stands
Speakers & Headsets
Structured Cabling Solutions
Structured Home Wiring Solution
Telephone Accessories
TV Reticulation Products
UPS's & Power Invertor
USB Products
Purchases
International : Mainly
from Taiwan, China, Australia, Singapore, United Kingdom, United States
Sales
Local : 100%
local sales.
International : No
exports.
Property &
Assets
Premises : The Subject operates from premises
at the verified heading address consisting of an administrative office and
warehouse.
Branches : In
addition, the Subject operates from a branch office and warehouse
located at:
10B Moncur Place
Middleton, Christchurch 8024
New Zealand
Tel: +64 3 3385520
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
International : Prepayment,
Telegraphic transfer, Credit 30-90 days
Sales Term
Local : Credit card,
Bank transfer, Credit 30-90 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.64.21 |
|
|
1 |
Rs.100.82 |
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Euro |
1 |
Rs.85.21 |
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.