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Report Date : |
30.04.2014 |
IDENTIFICATION DETAILS
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Name : |
HOSKINS & ASSOCIATES LIMITED |
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Registered Office : |
C/o WALKER WAYLAND AUCKLAND LIMITED Level 7, 53 Fort Street, Auckland Central, Auckland, 1010 |
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Country : |
New Zealand |
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Date of Incorporation : |
03.12.1997 |
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Com. Reg. No.: |
885994 |
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Legal Form : |
Private Limited Company |
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LINE OF BUSINESS : |
PROVIDER OF FINANCIAL SERVICES SUCH AS DEVELOPMENT FUNDING,
DEBT, EQUITY AND STRUCTURED FINANCE, INSURANCE, FINANCIAL ADVISORY AND
STRUCTURING TO CORPORATE, INSTITUTIONAL AND HIGH NET WORTH PRIVATE CLIENTS IN
NEW ZEALAND. |
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No. of Employees : |
6 employees including directors |
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 31, 2014
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 : HOSKINS
& ASSOCIATES LIMITED
Business address : C/o
WALKER WAYLAND AUCKLAND LIMITED
Level 7, 53 Fort
Street
Town : Auckland
Central
Province : Auckland
Zip/postal code : 1010
Country : New
Zealand
Tel : +61
411882508 (Mobile No.)
Email : hoskins@hoskins.co.nz
/ grant.hoskins@hoskins.co.nz
Website : www.hoskins.co.nz
Registered address : C/o
WALKER WAYLAND AUCKLAND LIMITED
Level 7, 53 Fort
Street
Town : Auckland
Central
Province : Auckland
Zip/postal code : 1010
Country : New
Zealand
Comments : The Subject does
not operate from a physical office in New Zealand and all correspondence is
conducted through the Subject’s accountant located at the verified address. The
Subject’s directors are located in Australia and Netherlands. The contact
number obtained +61 411882508 is the mobile number of Mr. Edwin Grant Hoskins.
Executive Summary
Date founded or registered : 03/12/1997
Legal form : Private
Limited Company
Chief executive : Edwin
Grant Hoskins
Issued & paid up capital : NZD
100
Line of business :
Provider of financial
services such as development funding, debt, equity and structured finance,
insurance, financial advisory and structuring to corporate, institutional and
high net worth private clients in New Zealand.
Staff employed :
6 employees including directors
Company Analysis
Country risk : Country
risk is minimal
Operation trend : Operational
trend is steady
Management experience : Management
is reasonably experienced
Financial performance :
Financial performance is undetermined
Organization structure : Organizational
structure is stable
Detrimental : No
detrimental found
Payment history : Payment
punctuality is undetermined
Registry Data
Registration date : 03/12/1997
Legal form : Private
Limited Company
Registration no 885994
Registered authority : New
Zealand Companies Office
Fiscal/ Tax no : 9429037954062
Registry status : Live/Active
Previous name : None
reported.
Change of legal form : None
reported
Key Management
Name : Edwin
Grant Hoskins
Designation : Managing
Director
Appointments
Name : Lambertus
Lodewijk Amkreutz
Designation : Director
Appointment date : 03/06/13
Address : Old
Hickoryplein 4
6461 EZ Kerkrade
Netherlands
Name : Edwin
Grant Hoskins
Designation : Director
Appointment date : 09/03/04
Address : 21/18
Riverbend Place
Bulimba, QLD 4171
Australia
Name : Hans
Jurgen Leissner
Designation : Director
Appointment date : 03/06/13
Address : Old
Hickoryplein 4
6461 EZ Kerkrade
Netherlands
Staff employed : 6
employees including directors
Key Advisors
Auditors : WALKER
WAYLAND AUCKLAND LIMITED
Level 7, 53 Fort Street
Auckland Central, Auckland 1010
New Zealand
Composition
Authorized Capital : NZD
100
No of shares : 100
Shares
Share par value : NZD
1
Issued capital : NZD
100
Paid up capital : NZD
100
How listed : Full
List
Composition
Shareholder name : Edwin
Grant Hoskins
Address : 21/18
Riverbend Place
Bulimba, QLD 4171
Australia
No. of shares : 50
Shares
% of shares : 50%
Shareholder name : Hans
Jurgen Leissner
Address : Old
Hickoryplein 4
6461 EZ Kerkrade
Netherlands
No. of shares : 25
Shares
% of shares : 25%
Shareholder name : Lambertus
Lodewijk Amkreutz
Address : Old
Hickoryplein 4
6461 EZ Kerkrade
Netherlands
No. of shares : 25 Shares
% of shares : 25%
Structure
Name : GLOBAL
COAL BLENDING COMPANY LIMITED
Affiliation type : Associate
Address : C/o
WALKER WAYLAND AUCKLAND LIMITED
Level 7, 53 Fort Street
Auckland Central, Auckland 1010
New Zealand
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
Comments : 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 provides
financial services such as development funding, debt,equity and structured
finance, insurance, financial advisory and structuring to corporate,
institutional and high net worth private clients in New Zealand.
Product & services : Cash
and treasury management
Debt, equity and structured finance
Trading and financial risk hedging
Independent financial advisory services
Structuring and wealth
management services Taxation planning
service
Commercial Loans
Purchases
Local : None
reported.
International : None
reported.
Sales
Local : None
reported.
International : None
reported.
Property &
Assets
Premises : The Subject
operates from care off premises of the Subject's accountant 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: 2009:
26.1%
(General Government gross debt as 2010:
32.3%
a % GDP) 2011:
37%
Government bond ratings : Standard
& Poors: AA+/Stable/A-1+
Moodys rating: Aaa
Moodys outlook: STA
Market value of publicly traded: US$67.061
billion
shares
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: 83%
population
Purchase Term
Local : None
International : None
Sales Term
Local : None
International : None
Trade Reference/
Payment Behaviour
Comments : As
local and international trade references were not supplied, the Subjects
payment track record history cannot be appropriately determined.
Investigation Note
Sources : 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.60.52 |
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1 |
Rs.101.77 |
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Euro |
1 |
Rs.83.92 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
NNA |
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.