|
Report Date : |
10.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
H DAWSON SONS & CO WOOL NZ LIMITED |
|
|
|
|
Registered Office : |
C/O Grant Thornton New Zealand
Limited, Level 3, 2 Hazeldean Road, Addington,
Christchurch, Zip Code 8024 |
|
|
|
|
Country : |
New Zealand |
|
|
|
|
Financials (as on) : |
30.06.2013 (Sale Turnover) |
|
|
|
|
Date of Incorporation : |
21.11.1969 |
|
|
|
|
Com. Reg. No.: |
131690 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
importer and exporter of wool |
|
|
|
|
No. of Employees : |
20 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
|
With Financials |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
New Zealand |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
|
Source : CIA |
Verified Address
Subject name :
H DAWSON SONS & CO WOOL
NZ LIMITED
Business
address : 374 Manchester Street
Town : Saint Albans
Province : Christchurch
Zip/postal
code : 8014
Country : New Zealand
Tel : +64 3 3272159
Fax : +64 3 3272163
Email : wool@hdfarmdirect.co.nz
Website : www.hdfarmdirect.co.nz
Registered
address : C/o GRANT THORNTON NEW
ZEALAND LIMITED
Level 3, 2 Hazeldean Road
Town : Addington
Province : Christchurch
Zip/postal
code : 8024
Country : New Zealand
Postal address
: P.O. Box 21135
Town : Edgeware
Province : Christchurch
Zip/postal
code : 8143
Country : New Zealand
Executive Summary
Date founded
or registered : 21/11/1969
Legal form : Private Limited
Company
Chief
executive : Thomas
Wayne Robertson
Issued &
paid up capital : NZD 50,000
Sales turnover
: NZD 59,205,320
(Non-Consolidated 12 months, 30/06/2013)
Line of
business Import and
export of wool.
Staff employed
: 20 employees
ETAILS
Credit Risk
Interpretation
Credit risk
theory : Reasonable
financial and 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, sales turnover and others. A
cautious credit control policy
applies.
Company Analysis
Country risk : Country risk is minimal
Operation
trend : Operational
trend is declining
Management
experience : Management is
adequately experienced
Financial
performance : Financial
performance is good
Organization
structure : Organizational
structure is stable
Detrimental : No detrimental found
Payment
history : No payment
delays noted
Registry Data
Registration
date : 21/11/1969
Legal form : Private Limited
Company
Registration
no 131690
Registered
authority : New Zealand
Companies Office
Fiscal/ Tax no
: 9429031899895
Registry
status : Live/Active
Previous name
: None reported.
Change of legal form : None reported.
Key Management
Name : Thomas
Wayne Robertson
Designation : Managing Director
Name : Michael David Stirling
Designation : Chief Financial Officer
Appointments
Name : Andrew Gerard Dawson
Designation : Director
Appointment
date : 01/05/07
Address : Hall Wells Barn,
Appletreewick
Skipton, North Yorkshire BD23 6DD
United Kingdom
Name : Jo Harry Dawson
Designation : Director
Appointment
date : 01/05/07
Address : 10 Low Green
Rawdon, Leeds LS19 6HB
United Kingdom
Name : Mark
Bruce Johnston
Designation : Director
Appointment
date : 27/06/03
Address : 5 Brigadoon Place
Avonhead, Christchurch 8042
New Zealand
Name : Thomas Wayne Robertson
Designation : Director
Appointment
date : 18/11/11
Address : 11 Orlando Crescent
Waimairi Beach, Christchurch 8083
New Zealand
Name : Craig Bruce Smith
Designation : Director
Appointment
date : 01/01/13
Address : Flat 1, 84 Perry Street
Papanui, Christchurch 8053
New Zealand
Staff employed : 20 employees
Composition
Authorized
Capital : NZD 50,000
No of shares :
50,000 Shares
Share par
value : NZD 1
Issued capital
: NZD 50,000
Paid up capital : NZD 50,000
Composition
How listed :
Full List
Shareholder
name : Andrew Gerard Dawson
Address : Hall Wells Barn,
Appletreewick
Skipton, North Yorkshire BD23 6DD
United Kingdom
No. of shares
: 50,000 Shares
% of shares : 100%
Structure
Name : H. DAWSON SONS AND COMPANY
(WOOL) LIMITED
Affiliation
type : Associate
Address : Mercury House
Essex Street
Bradford, West Yorkshire BD4 7PG
United Kingdom
Name : H. DAWSON SONS &
CO. (AUST.) PTY. LIMITED
Affiliation
type : Associate
Address : Level 2, 99 Frome Street
Adelaide, SA 5000
Australia
Name : H. DAWSON ITALIA S.R.L.
Affiliation
type : Associate
Address : Via Serralunga 8
13900 Biella
Italy
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 bankers references are required.
Mortgages : None
reported.
Legal Fillings
Bankruptcy
fillings : None reported.
Court
judgements : None reported.
Tax liens : ` None
reported.
Others : None reported.
Description
Source of
financial statement : Provided
by the Subject
Financial
statement date : 30/06/13
Type of
accounts : Key
figures
Currency : New
Zealand, Dollar (NZD)
Exchange rate
: 1
USD = NZD 1.15 as of 08-04-2014
Summarized
Financial Information
Consolidation
type : Non Consolidated Non Consolidated
Currency : New Zealand,
Dollar (NZD) New Zealand, Dollar
(NZD)
Denomination :
(x1) One (x1) One
Date of
financial year end : 30/06/13 30/06/12
Length of
accounts : 12 months 12 months
Sale turnover
/ Income : 59,205,320 67,810,006
Comments : The key figure was provided by
Mr. Michael David Stirling.
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 in import and export of wool.
Purchases
Local : Yes
International
: United Kingdom, China, Australia
Sales
Local : Yes
International
: Asia, Europe, South America
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 a wool warehouse located at:
37 Buchanans Road
Hornby, Christchurch 8042
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,
Prepayment, Credit 30-90 days
International
: L/C, Telegraphic
transfer, D/P, Credit 30-90 days
Sales Term
Local : Bank transfer,
Prepayment, Credit 30-90 days
International
: L/C, Telegraphic
transfer, 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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.07 |
|
UK Pound |
1 |
Rs.100.56 |
|
Euro |
1 |
Rs.82.79 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
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.