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Report Date : |
03.04.2014 |
IDENTIFICATION DETAILS
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Name : |
DIRECTUS INTERNATIONAL LIMITED |
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Registered Office : |
Suite 2,
Level 1, 168 Parnell Road, Parnell, Auckland, Zip code 1052 |
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Country : |
New Zealand |
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Date of Incorporation : |
24.12.1976 |
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Com. Reg. No.: |
112120 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
supplier of industrial food products specialising in juice and fruit products and also food ingredients for further processing, fruit and vegetable juice concentrates, purees, frozen and canned products. Subject product range includes :: · Juice concentrates · Natural colours / flavours · Fruit extracts / purees · Dehydrated fruits and vegetables · Canned and frozen products · Fruit snacks · Rice crackers · Food ingredients · Olive oil · Food products · Wines · Food manufacturing & processing machinery |
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No. of Employees : |
06 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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Without Financials |
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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 – december 01, 2013
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Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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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 pulled out of recession late in 2009, and achieved 2-3% per year growth in 2010-13. 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 :
DIRECTUS INTERNATIONAL
LIMITED
Business
address : Suite 2, Level 1, 168
Parnell Road
Town : Parnell
Province : Auckland
Zip/postal
code : 1052
Country New Zealand
Tel : +64 9 3097783
Fax : +64 9 3073728
Email : sales@directus.co.nz / olly@directus.co.nz
Website : www.directus.co.nz
Registered
address : Suite 2, Level 1, 168
Parnell Road
Town : Parnell
Province : Auckland
Zip/postal
code : 1052
Country New Zealand
Postal address
: P.O. Box 2025, Shortland
Street
Town : Auckland Central
Province : Auckland
Zip/postal
code : 1140
Country : New Zealand
Executive Summary
Date founded
or registered : 24/12/1976
Legal form : Private Limited
Company
Chief
executive : Anthony
Charles Beattie
Issued &
paid up capital : NZD 100,000
Line of
business : Supplier
of industrial food products specialising in juice and fruit products and
also food ingredients for further processing, fruit and
vegetable juice
concentrates, purees, frozen and canned products.
Staff employed
: 6 employees
ARY DETAILS
Credit Risk
Interpretation
Credit risk
theory : Reasonable
operational base. Small credits may be considered with some
confidence that commitments will be sustained under normal
circumstances. This
is based on criterions such as years of establishment, number of
employees and
others. A cautious credit control policy applies
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 : 24/12/1976
Legal form : Private Limited
Company
Registration
no 112120
Registered
authority : New Zealand
Companies Office
Fiscal/ Tax no
: 9429032123876
Registry
status : Live/Active
Previous name
: None reported.
Change of
legal form : None reported.
Key Management
Name : Anthony Charles Beattie
Designation : Managing Director
Appointments
Name : Anthony Charles Beattie
Designation : Director
Appointment
date : 16/10/90
Address : 184 Kohimarama Road
Kohimarama, Auckland 1071
New Zealand
Staff employed
: 6 employees
Composition
Authorized
Capital : NZD 100,000
No of shares :
100,000 Shares
Share par
value : NZD 1
Issued capital
: NZD 100,000
Paid up
capital : NZD 100,000
OWN
ERSHIP /
Composition
How listed : Full List
Shareholder
name : Anthony Charles
Beattie
Address : 184 Kohimarama
Road
Kohimarama, Auckland 1071
New Zealand
No. of shares
: 85,000 Shares
% of shares : 85%
Shareholder
name : Josephine Maria Beattie
Address : 184 Kohimarama
Road
Kohimarama, Auckland 1071
New Zealand
No. of shares
: 15,000 Shares
% of shares : 15%
Structure
Name : DIRECTUS AUSTRALIA PTY
LTD
Affiliation
type : Sister Company
Address : 96 Woolwich Road
Woolwich, NSW 2110
Australia
Name : DIRECTUS PROPERTIES PTY
LTD
Affiliation
type : Sister
Company
Address : 96 Woolwich Road
Woolwich, NSW 2110
Australia
Name : DIRECTUS SOUTH EAST
ASIA LIMITED
Affiliation type : Sister Company
Address : Suite 2, Level 1, 168
Parnell Road
Parnell,
Auckland 1052
New
Zealand
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 bankers references are required.
Mortgages : None reported.
Legal Fillings
Bankruptcy
fillings : None reported.
Court
judgements : None reported.
Tax liens : None reported.
Others : None reported.
FINANCIAL
Description
Comments : The representative contacted Mr.
Anthony Charles Beattie 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.
Main activities : The Subject engages as supplier of industrial food products specialising in juice and fruit
products and also food
ingredients for further processing, fruit
and vegetable juice concentrates, purees, frozen and canned products.
Product & services :
· Juice concentrates
· Natural colours / flavours
· Fruit extracts / purees
· Dehydrated fruits and vegetables
· Canned and frozen products
· Fruit snacks
· Rice crackers
· Food ingredients
· Olive oil
· Food products
· Wines
· Food manufacturing & processing machinery
Purchases
Local : Yes
International
: China, Germany, United
States, Australia, India, Mexico, Israel, Belgium,
Spain, Thailand, Argentina, Ecuador, Italy
Sales
Local : Yes
International
: United States, Australia,
China, Hong Kong, Indonesia, Malaysia,
Philippines, Singapore, Thailand
Property &
Assets
Premises : The Subject operates from 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,
Prepayment, Credit 30-90 days
International
: Telegraphic transfer,
Prepayment, D/P, Credit 30-90 days
Sales Term
Local : Bank transfer,
Prepayment, Credit 30-90 days
International
: Telegraphic transfer, Prepayment,
D/P, Credit 30-90 days
Trade Reference/
Payment Behaviour
Comments : As local and international
trade references were not supplied, the Subjects
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.59.64 |
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UK Pound |
1 |
Rs.99.21 |
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Euro |
1 |
Rs.82.39 |
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.