MIRA
INFORM REPORT
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Report Date : |
09.12.2014 |
IDENTIFICATION DETAILS
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Name : |
WESFARMERS INDUSTRIAL & SAFETY NZ LIMITED |
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Registered Office : |
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Country : |
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Financials (as on) : |
30.06.2013 |
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Date of Incorporation : |
29.03.1949 |
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Com. Reg. No.: |
95105 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufactures and Distributes of Industrial Equipment. |
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No. of Employees : |
700 - Estimated |
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 – September 30, 2014
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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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 |
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 |
Company Identification
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Given |
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Subject name: |
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Address: |
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Town: |
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Country: |
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Verified |
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Subject name: |
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Address: |
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Town: |
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Country: |
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Telephone: |
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Fax: |
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Website: |
EXECUTIVE SUMMARY
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Date registered: |
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Legal form: |
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Sales turnover: |
NZD 267,755,220
(Non-consolidated 12 months, 30-06-2013) NZD 274,812,992 (Group consolidated 12 months, 30-06-2014) |
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Main activities: |
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Employees: |
REGISTRY DATA
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Key
Facts |
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Date registered: |
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Legal form: |
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Registration no: |
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Registry auth. |
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Other reg.: |
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Registry status: |
LEGAL FILINGS
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Bankruptcy
filings: |
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Court
judgements: |
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Tax liens: |
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Other: |
MANAGEMENT & STAFF
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Name: |
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Name: |
Olivier Jean-Marie Chretien |
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Job title: |
Director |
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Name: |
Peter John Boyd |
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Job title: |
Director |
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Name: |
Prashant Billimoria |
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Job title: |
Director |
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Staff |
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No of employees |
BOARD OF DIRECTORS / OTHER APPOINTMENTS
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Name: |
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Board function: |
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Address: |
Lindfield, NSW 2070 Australia |
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Name: |
Olivier Jean-Marie Chretien |
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Board function: |
Director |
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Address: |
63 Minimbah Road Northbridge, NSW, 2063 Australia |
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Name: |
Peter John Boyd |
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Board function: |
Director |
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Address: |
3 Turner Street Balmain, NSW, 2041 Australia |
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Name: |
Prashant Billimoria |
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Board function: |
Director |
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Address: |
16 Aviano Close, Flat Bush Auckland, 2016 New Zealand |
SHARE
CAPITAL
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Composition |
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Authorised: |
Shareholders/Owners
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How Listed |
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Penrose, Auckland New Zealand |
CORPORATE AFFILIATIONS
BANKING & FINANCING
Bankers
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WESTPAC BANKING CORPORATION |
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New Zealand |
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Charges &
Mortgages |
Time of Registration: 10-Oct-2002 14:09 Debtor Name: WESFARMERS INDUSTRIAL AND SAFETY NZ LTD Financing Statement Registration No: F90982JD0643HZ40/C0003 Debtor Reference: FFDV/10426 Incorporation No: 95105 City/Town: Auckland Collateral Type: All Present And After Acquired Personal Property; Goods
- Other Time of Registration: 09-May-2003 11:56 Debtor Name: WESFARMERS INDUSTRIAL AND SAFETY NZ LTD Financing Statement Registration No: FA1C7J81GM944588/C0003 Debtor Reference: Incorporation No: 95105 City/Town: Auckland Collateral Type: All Present And After Acquired Personal Property;
Goods - Other Time of Registration: 12-Jan-2005 15:01 Debtor Name: WESFARMERS INDUSTRIAL AND SAFETY NZ LTD Financing Statement Registration No: F41P9B962319MN1B/C0001 Debtor Reference: 2130 Incorporation No: 95105 City/Town: Auckland Collateral Type: Goods - Other Time of Registration: 26-Sep-2005 16:35 Debtor Name: WESFARMERS INDUSTRIAL AND SAFETY NZ LTD Financing Statement Registration No: F9996PC91PJ21982/C0001 Debtor Reference: 563614 Incorporation No: 95105 City/Town: Auckland Collateral Type: Goods - Other Time of Registration: 30-Jun-2006 16:25 Debtor Name: WESFARMERS INDUSTRIAL AND SAFETY NZ LTD Financing Statement Registration No: F282DM92204HF412/C0007 Debtor Reference: 0030040680 Incorporation No: 95105 City/Town: Auckland Collateral Type: Goods - Other Time of Registration: 25-Jul-2006 14:48 Debtor Name: WESFARMERS INDUSTRIAL AND SAFETY NZ LTD Financing Statement Registration No: FS4HU90479Y8F221/C0011 Debtor Reference: 0030207179 Incorporation No: 95105 City/Town: Auckland Collateral Type: Goods - Other Time of Registration: 25-Jul-2006 14:52 Debtor Name: WESFARMERS INDUSTRIAL AND SAFETY NZ LTD Financing Statement Registration No: Debtor Reference: Incorporation No: 95105 City/Town: Auckland Collateral Type: Time of Registration: Debtor Name: WESFARMERS INDUSTRIAL AND SAFETY NZ LTD Financing Statement Registration No: FF3B9E427092JH22/C0011 Debtor Reference: 0030207179 Incorporation No: 95105 City/Town: Auckland Collateral Type: Goods - Other Time of Registration: 16-Aug-2006 14:30 Debtor Name: WESFARMERS INDUSTRIAL AND SAFETY NZ LTD Financing Statement Registration No: F819R28D0XB5784T/C0011 Debtor Reference: 0030207179 Incorporation No: 95105 City/Town: Auckland Collateral Type: Goods - Other Time of Registration: 21-Sep-2006 15:09 Debtor Name: WESFARMERS INDUSTRIAL AND SAFETY NZ LTD Financing Statement Registration No: FR3F9E193232NM31/C0011 Debtor Reference: 0030207179 Incorporation No: 95105 City/Town: Auckland Collateral Type: Goods - Other Time of Registration: 21-Nov-2006 09:12 Debtor Name: WESFARMERS INDUSTRIAL AND SAFETY NZ LTD Financing Statement Registration No: FC3UP0882SJ05239/C0003 Debtor Reference: 3M_103497 Incorporation No: 95105 City/Town: Auckland Collateral Type: Goods - Other Time of Registration: 21-Nov-2006 09:17 Debtor Name: WESFARMERS INDUSTRIAL AND SAFETY NZ LTD Financing Statement Registration No: FM59Z9J4621DH045/C0003 Debtor Reference: 3M_103385 Incorporation No: 95105 City/Town: Auckland Collateral Type: Goods - Other Time of Registration: 08-Dec-2006 15:16 Debtor Name: WESFARMERS INDUSTRIAL AND SAFETY NZ LTD Financing Statement Registration No: F23D9E917WE17S22/C0011 Debtor Reference: 0030207179 Incorporation No: 95105 City/Town: Auckland Collateral Type: Goods - Other Time of Registration: 23-Jan-2007 11:57 Debtor Name: WESFARMERS INDUSTRIAL AND SAFETY NZ LTD Financing Statement Registration No: FB04JE1R632432J1/C0001 Incorporation No: 95105 City/Town: Auckland Collateral Type: All Present And After Acquired Personal Property;
Goods - Other Time of Registration: 21-Feb-2007 14:56 Debtor Name: WESFARMERS INDUSTRIAL AND SAFETY NZ LTD Financing Statement Registration No: FH15R8F0P9252J92/C0014 Debtor Reference: 0000207179 Incorporation No: 95105 City/Town: Wanganui Collateral Type: Goods - Other Time of Registration: 18-Apr-2007 08:05 Debtor Name: WESFARMERS INDUSTRIAL AND SAFETY NZ LTD Financing Statement Registration No: Debtor Reference: Incorporation No: 95105 City/Town: Auckland Collateral Type: Time of Registration: Debtor Name: WESFARMERS INDUSTRIAL AND SAFETY NZ LTD Financing Statement Registration No: FT3H45V228Z9N891/C0003 Debtor Reference: PAY001 Incorporation No: 95105 City/Town: Auckland Collateral Type: All Present And After Acquired Personal Property;
Goods - Other Time of Registration: 26-Nov-2007 12:55 Debtor Name: WESFARMERS INDUSTRIAL AND SAFETY NZ LTD Financing Statement Registration No: FP54W5992S0A8R29/C0002 Debtor Reference: Incorporation No: 95105 City/Town: Auckland Collateral Type: Goods - Other Time of Registration: 12-Mar-2008 14:17 Debtor Name: WESFARMERS INDUSTRIAL AND SAFETY NZ LTD Financing Statement Registration No: FA069MY8033PK773/C0010 Debtor Reference: 0030207179 Incorporation No: 95105 City/Town: Auckland Collateral Type: Goods - Other Time of Registration: 30-Apr-2008 11:05 Debtor Name: WESFARMERS INDUSTRIAL AND SAFETY NZ LTD Financing Statement Registration No: F67782522ZM1ED7H/C0012 Debtor Reference: 0030207179 Incorporation No: 95105 City/Town: Auckland Collateral Type: Goods - Other Time of Registration: 04-Jun-2008 13:10 Debtor Name: WESFARMERS INDUSTRIAL AND SAFETY NZ LTD Financing Statement Registration No: FY0369472V4D61YP/C0010 Debtor Reference: 0030207179 Incorporation No: 95105 City/Town: Auckland Collateral Type: Goods - Other Time of Registration: 04-Jun-2008 13:15 Debtor Name: WESFARMERS INDUSTRIAL AND SAFETY NZ LTD Financing Statement Registration No: F273DT219SX1929X/C0010 Debtor Reference: 0030207179 Incorporation No: 95105 City/Town: Auckland Collateral Type: Goods - Other |
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Comments |
It is generally not the policy of local banks to provide credit status
information to non-bona fide applications, and interested parties would be advised
to consult first with the Subject if banker's references are required. |
FINANCIAL ACCOUNTS
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Description |
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Required to
file: |
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Source: |
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Presentation: |
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Date of
accounts: |
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Type of
accounts: |
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Currency: |
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Exchange rate: |
OPERATIONS & HISTORY
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Activities |
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Full
description: |
The Subject is engaged in the manufacturing and distributing of
personal protective equipments, packaging materials, and maintenance and
operational repair products. |
PROPERTY
& ASSETS
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Premises |
The Subject principally
operates from premises located at the heading address, consisting of
administrative offices. |
PAYMENTS
INVESTIGATIVE
NOTES
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Sources: |
Interviews and material provided by the Subject Other official and local business sources |
ATTACHMENTS
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Financial ratios Group
consolidated financial statements List of
affiliated companies |
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Financial Ratios |
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30-06-2013 |
30-06-2012 |
Trend |
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PROFITABILITY
[%] |
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Gross
Margin |
31.81% |
31.75% |
0.19% |
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Gross Profit / Sales Turnover * 100 |
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Operating
Margin |
4.81% |
5.21% |
-7.68% |
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Operating Profit / Sales Turnover *
100 |
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Net
Profit Margin |
3.48% |
3.74% |
-6.95% |
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Profit After Tax / Sales
Turnover * 100 |
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Return
On Equity (ROE) |
8.32% |
9.82% |
-15.27% |
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Profit After Tax / Equity * 100 |
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Return
On Assets (ROA) |
6.69% |
8.1% |
-17.41% |
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Profit After Tax / Total Assets *
100 |
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Return
On Investment (ROI) |
11.58% |
13.72% |
-15.6% |
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Profit Before Tax / Equity *
100 |
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EFFICIENCY
[%] |
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Asset
Turnover |
192.33% |
216.47% |
-11.15% |
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Sales Turnover / Total Assets * 100 |
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Inventory
Turnover |
617.15% |
633.29% |
-2.55% |
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Sales Turnover / Inventory * 100 |
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LIQUIDITY
[%] |
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Current
Ratio (CR) |
461.09% |
507.12% |
-9.08% |
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Current Assets / Current
Liabilities * 100 |
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Quick
Ratio (QR) |
300.1% |
309.59% |
-3.07% |
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(Current Assets – Inventory) /
Current Liabilities * 100 |
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DEBT
[%] |
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Debt
Ratio |
19.51% |
17.51% |
11.42% |
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Total Liabilities / Total Assets *
100 |
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Long-Term
Debt Ratio |
0.19% |
0.25% |
-24% |
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Long-Term Liabilities / Equity *
100 |
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List of affiliates
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.93 |
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1 |
Rs.96.37 |
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Euro |
1 |
Rs.76.10 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
NIT |
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.