MIRA INFORM REPORT
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Report Date : |
30.12.2014 |
IDENTIFICATION DETAILS
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Name : |
DAIKEN NEW ZEALAND LIMITED |
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Registered Office : |
Upper |
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Country : |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
18.11.2008 |
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Com. Reg. No.: |
2189933 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Medium Density Fibreboard (MDF). |
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No. of Employees : |
170 (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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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 |
Over the past 20 years the
government has transformed
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Source
: CIA |
IDENTIFICATION
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Subject name: |
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Address: |
Ashley |
Postal address: |
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Town: |
Town: |
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State/province: |
State/province: |
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Zip/postal code: |
Zip/postal code: |
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Country: |
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Telephone: |
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Fax: |
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Email: |
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Website: |
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EXECUTIVE SUMMARY
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Date registered: |
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Legal form: |
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Sales turnover: |
NZD 88,652,441
(Non-consolidated 12 months, 31-03-2014) JPY 8,258,800,000 (Group consolidated 6 months, 30-09-2014) |
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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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Court judgements: |
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Tax liens: |
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Other: |
MANAGEMENT & STAFF
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Name: |
Masahiro Yamazaki |
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Job
title: |
Director |
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Name: |
Takeshi Nagata |
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Job
title: |
Director |
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Name: |
Tetsuya Takeda |
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Job
title: |
Director |
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Name: |
Tomoaki Kato |
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Job
title: |
Director |
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No of employees |
BOARD OF DIRECTORS / OTHER
APPOINTMENTS
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Nagatsuda, Midori-ku Yokohama,
226-0018 Japan |
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Name: |
Masahiro Yamazaki |
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Board function: |
Director |
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Date appointed: |
03-10-2014 |
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Address: |
Flat 5, 22 Stoneyhurst Street Saint Albans Christchurch, 8014 New Zealand |
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Name: |
Takeshi Nagata |
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Board function: |
Director |
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Date appointed: |
20-05-2014 |
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Address: |
Espricoat Tsurumaki 301 Tsurumaki Setagaya-ku Tokyo, 154-0016 Japan |
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Name: |
Tetsuya Takeda |
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Board function: |
Director |
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Date appointed: |
20-05-2014 |
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Address: |
Flat 13, 400 Durham Street Christchurch Central Christchurch, 8013 New Zealand |
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Name: |
Tomoaki Kato |
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Board function: |
Director |
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Date appointed: |
24-05-2013 |
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Address: |
1-601, 3-45 Kasama Sakae-ku Yokohama City Kanagawa Pref., 247-0006 Japan |
SHARE CAPITAL
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Authorised: |
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Number/type: |
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Share value: |
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Issued: |
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Paid-up: |
Shareholders/Owners
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Nanto City Toyama
Prefecture 9320298 Japan |
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Name: |
ITOCHU
CORPORATION |
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No. of shares: |
59,600 shares |
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% of shares: |
14.90% |
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Address: |
5-1 Kita Aoyama
2-chome Minato-ku Tokyo 107-8077 Japan |
CORPORATE AFFILIATIONS
BANKING & FINANCING
Bankers
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Bank name: |
BANK OF TOKYO-MITSUBISHI UFJ |
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Address: |
New Zealand |
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Relationship
type: |
Current Account |
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DAIKEN NEW ZEALAND LIMITED FZ7394RV88N4J991/C0002 2183224 Org Type: Company Incorporation No: 2189933 City/Town: RANGIORA Collateral Type: Goods - Other ________________________________________ 28-Apr-2009 15:03 DAIKEN NEW ZEALAND LIMITED F71GU41556V8C1A7/C0001 22015149 Org Type: Company Incorporation No: 2189933 City/Town: CHRISTCHURCH Collateral Type: Goods - Other ________________________________________ 30-Apr-2009 08:38 DAIKEN NEW ZEALAND LTD F222X2T1HH0257R6/C0001 DAI299 Org Type: Company Incorporation No: 2189933 City/Town: RANGIORA Collateral Type: Goods - Other ________________________________________ 04-Jun-2009 17:02 DAIKEN NEW ZEALAND LTD F319VJ270J86C609/C0002 8003556 Org Type: Company Incorporation No: 2189933 City/Town: ASHLEY Collateral Type: Goods - Other ________________________________________ 11-Aug-2009 12:16 DAIKEN NEW ZEALAND LIMITED FY0RN5790873V3S0/C0002 105219 Org Type: Company Incorporation No: 2189933 City/Town: RANGIORA Collateral Type: All Present And
After Acquired Personal Property; Goods - Other ________________________________________ 03-Sep-2009 13:55 DAIKEN NEW ZEALAND LIMITED FA0NX74983561D5R/C0001 174926 Org Type: Company Incorporation No: 2189933 City/Town: RANGIORA Collateral Type: Goods - Other ________________________________________ 26-Feb-2010 11:42 DAIKEN NEW ZEALAND LIMITED F55BP0EN14J29782/C0002 Org Type: Company Incorporation No: 2189933 City/Town: RANGIORA Collateral Type: Goods - Motor
Vehicles ________________________________________ 14-Apr-2010 11:26 DAIKEN NEW ZEALAND LIMITED FZ16XA0DF6873858 121680 Org Type: Company Incorporation No: 2189933 City/Town: RANGIORA Collateral Type: All Present And
After Acquired Personal Property; Goods - Other ________________________________________ 21-Jul-2010 16:40 DAIKEN NEW ZEALAND LIMITED FM7DR88J8Z662904 Org Type: Company Incorporation No: 2189933 City/Town: RANGIORA Collateral Type: Goods - Other ________________________________________ 06-Oct-2010 15:41 DAIKEN NEW ZEALAND LIMITED FV4PD40F8662J390 1014034 Org Type: Company Incorporation No: 2189933 City/Town: CHRISTCHURCH Collateral Type: Goods - Other ________________________________________ 02-Dec-2010 18:06 DAIKEN NEW ZEALAND LIMITED F51H3X9792G9K780 91665 Org Type: Company Incorporation No: 2189933 City/Town: RANGIORA Collateral Type: Goods - Other ________________________________________ 23-Dec-2010 10:00 DAIKEN NEW ZEALAND LIMITED FP1W25469R4298YM/C0001 Org Type: Company Incorporation No: 2189933 City/Town: MANGERE
BRIDGE, MANUKAU 2151 Collateral Type: Goods - Motor
Vehicles; Goods - Other ________________________________________ 07-Jan-2011 13:55 DAIKEN NEW ZEALAND LIMITED FJ3P765F42063MC0 DAIKNZ Org Type: Company Incorporation No: 2189933 City/Town: RANGIORA Collateral Type: Goods - Other ________________________________________ 18-Mar-2011 14:47 DAIKEN NEW ZEALAND LIMITED FJ8JH6402D2D6942 DAI001 Org Type: Company Incorporation No: 2189933 City/Town: RANGIORA Collateral Type: Goods - Motor
Vehicles ________________________________________ 18-Jul-2011 11:18 DAIKEN NEW ZEALAND LIMITED FR1227FT2045MM87 252553 Org Type: Company Incorporation No: 2189933 City/Town: RANGIORA Collateral Type: All Present And
After Acquired Personal Property; Goods - Other ________________________________________ 18-Jul-2011 11:18 DAIKEN NZ FR1227FT2045MM87 252553 Org Type: Other Incorporation No: City/Town: RANGIORA Collateral Type: All Present And
After Acquired Personal Property; Goods - Other ________________________________________ 25-Jul-2011 09:24 DAIKEN NEW ZEALAND LIMITED F26HX704HS81224F/C0003 7110830-01 Org Type: Company Incorporation No: 2189933 City/Town: AUCKLAND Collateral Type: All Present And
After Acquired Personal Property ________________________________________ 25-Jul-2011 10:27 DAIKEN NEW ZEALAND LIMITED FM84P89B9512MN99/C0003 DAIKEN Org Type: Company Incorporation No: 2189933 City/Town: RANGIORA Collateral Type: Goods - Other ________________________________________ 27-Jul-2011 11:10 DAIKEN NEW ZEALAND LIMITED FR02344F6H891C2Z Org Type: Company Incorporation No: 2189933 City/Town: RANGIORA Collateral Type: All Present And
After Acquired Personal Property ________________________________________ 22-Dec-2011 11:38 DAIKEN NEW ZEALAND LIMITED FF2769849HH0NX94 Org Type: Company Incorporation No: 2189933 City/Town: RANGIORA Collateral Type: Goods - Motor
Vehicles |
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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
OPERATIONS & HISTORY
PROPERTY & ASSETS
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The Subject principally operates from premises
located at the heading address, consisting of production facilities, a
warehouse and administrative offices. |
PAYMENTS
INVESTIGATIVE NOTES
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Interviews and material provided by the Subject Other official
and local business sources |
ATTACHMENTS
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Financial ratios |
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31-03-2014 |
31-03-2013 |
Trend |
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PROFITABILITY
[%] |
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Gross
Margin |
10.21% |
17.41% |
-41.36% |
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Gross Profit / Sales Turnover * 100 |
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Operating
Margin |
N/A |
N/A |
N/A |
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Operating Profit / Sales Turnover *
100 |
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Net
Profit Margin |
1.67% |
4.15% |
-59.76% |
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Profit After Tax / Sales
Turnover * 100 |
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Return
On Equity (ROE) |
3.49% |
9.69% |
-63.98% |
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Profit After Tax / Equity * 100 |
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Return
On Assets (ROA) |
1.96% |
5.38% |
-63.57% |
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Profit After Tax / Total Assets *
100 |
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Return
On Investment (ROI) |
4.84% |
12.95% |
-62.63% |
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Profit Before Tax / Equity *
100 |
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EFFICIENCY
[%] |
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Asset
Turnover |
116.88% |
129.4% |
-9.68% |
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Sales Turnover / Total Assets * 100 |
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Inventory
Turnover |
794.58% |
923.2% |
-13.93% |
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Sales Turnover / Inventory * 100 |
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LIQUIDITY
[%] |
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Current
Ratio (CR) |
80.66% |
86.49% |
-6.74% |
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Current Assets / Current
Liabilities * 100 |
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Quick
Ratio (QR) |
42.8% |
50.05% |
-14.49% |
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(Current Assets – Inventory) /
Current Liabilities * 100 |
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DEBT
[%] |
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Debt
Ratio |
43.95% |
44.52% |
-1.28% |
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Total Liabilities / Total Assets *
100 |
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Long-Term
Debt Ratio |
9.09% |
10.91% |
-16.68% |
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Long-Term Liabilities / Equity * 100 |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.65 |
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1 |
Rs.99.14 |
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Euro |
1 |
Rs.77.60 |
INFORMATION DETAILS
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Analysis Done by
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KAR |
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Report Prepared by
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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.