.
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Report Date : |
28.01.2014 |
IDENTIFICATION DETAILS
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Name : |
FLOW SUPPLIES LIMITED PARTNERSHIP |
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Registered Office : |
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Country : |
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Date of Incorporation : |
16.06.2011 |
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Com. Reg. No.: |
2549736 |
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Legal Form : |
Limited Partnership |
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Line of Business : |
importer and distributor
of industrial pipeline products. |
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No. of Employees : |
Mr. Manoj Kumar Arora is
the only director and employee of the Subject |
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 : |
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
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
New Zealand |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
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 posted a 2% decline in 2009, but pulled out of
recession late in the year, and achieved roughly 2% per year growth in 2010-12.
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 : FLOW SUPPLIES LIMITED PARTNERSHIP
Business address : 49 Leonard Road
Town : Mount Wellington
Province : Auckland
Zip/postal code : 1060
Country : New Zealand
Tel : +64 9 9483300 / 212676747 (Mobile No.)
Email : manoj@rajco.co.nz
Registered address : 2/14 King Street
Town : Papatoetoe
Province : Auckland
Zip/postal code : 2104
Country : New Zealand
Executive Summary
Date founded or registered : 16/06/2011
Legal form : Limited
Partnership
Chief executive : Manoj Kumar
Arora
Issued & paid up capital
: Not required
Line of business : Import and
distribution of industrial pipeline products.
Staff employed : Mr. Manoj
Kumar Arora is the only director and employee of the Subject
ARY DETAILS
Credit Risk
Interpretation
Credit risk theory : Some indications of
financial and operational stress. More caution is
recommended
when considering granting credit. Smaller credits plus loan
guarantees
is an advantage. This is due to insufficient financial data. A strict
credit
control policy applies.
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is in
start-up phase
Management experience : Management is inadequately experienced
Financial performance : Financial performance is poor
Organisation structure : Organisational
structure is acceptable
Detrimental : No detrimental found
Payment history : No payment delays noted
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is
progressing
Management experience : Management is adequately experienced
Financial performance : Financial
performance is good
Organization structure : Organizational structure is stable
Detrimental records : No detrimental records found
Payment history : No payment delays noted
Registry Data
Registration date : 16/06/2011
Legal form : Limited
Partnership
Registration no 2549736
Registered authority : New Zealand Companies Office
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Key Management
Name : Manoj Kumar Arora
Designation : Managing Director
Appointments
Name : RAJCO LIMITED
Designation : General Partner
Identification no : 1754451
Appointment date : 16/06/11
Address : 49 Leonard Road
Mount
Wellington, Auckland 1060
New
Zealand
Name : Manoj Kumar Arora
Designation : Limited Partner
Appointment date : 16/06/11
Address : 2/14 King Street
Papatoetoe, Auckland 2104
New Zealand
Staff employed : Mr. Manoj Kumar Arora is the only
director and employee of the Subject
Composition
Authorized Capital : Not required
Issued capital : Not required
Paid up capital : Not required
Composition
How listed : Full List
Shareholder name : Manoj Kumar Arora
Address : 2/14 King Street
Papatoetoe,
Auckland 2104
New
Zealand
% of shares : 100%
Structure
Name : RAJCO LIMITED
Affiliation type : General Partner
Address : 49 Leonard Road
Mount
Wellington, Auckland 1060
New
Zealand
Bank Details
Name of bank : Bank of Baroda
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 banker's 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 : Limited Partnership entities in
New Zealand are not required to disclose its
financial statement to the public hence this information is not made available.
Furthermore,
the representative contacted Mr. Manoj Kumar Arora advised that
the Subject
has yet to start trading for its financial year end 31-03-2013 hence no
sales
turnover was recorded. The Subject started trading after the financial year
end of
March 2013.
Main activities : The Subject engages in import and
distribution of industrial pipeline products.
Purchases
International : India, Taiwan, China, Singapore,
Malaysia
Sales
Local : Yes
International : No exports.
Property &
Assets
Premises : The Subject operates from the
verified heading address consisting of a
warehouse and 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$4,598 million
2009:
US$-1,293 million
2010:
US$561 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
International : Telegraphic transfer,
Prepayment, Credit 30 days
Sales Term
Local : Bank transfer,
Prepayment, Credit 30 days
Trade Reference/
Payment Behaviour
Comments : As local and international
trade references were not supplied, the Subject's
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.62.71 |
|
UK Pound |
1 |
Rs.103.50 |
|
Euro |
1 |
Rs.85.82 |
INFORMATION DETAILS
|
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 |
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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 |
|
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 |
|
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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.