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Report Date : |
28.03.2014 |
IDENTIFICATION DETAILS
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Name : |
2TALK LIMITED |
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Registered Office : |
Level 9, 110 Symonds Street Auckland Central Auckland 1010 |
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Country : |
New Zealand |
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Date of Incorporation : |
13.10.2006 |
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Reg. No.: |
1870536 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Telecommunications service provider. |
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No. of Employees : |
20 employees |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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.
|
Source
: CIA |
Verified Address
Subject name : 2TALK
LIMITED
Business address : Level
9, 110 Symonds Street
Town : Auckland
Central
Province : Auckland
Zip/postal code : 1010
Country : New
Zealand
Tel : +64
9 2814357
Email : support@2talk.co.nz
Website : www.2talk.co.nz
Registered address : Level
9, 110 Symonds Street
Town : Auckland
Central
Province : Auckland
Zip/postal code : 1010
Country : New
Zealand
Postal address : P.O.
Box 108110, Symonds Street
Town : Auckland
Central
Province : Auckland
Zip/postal code : 1150
Country : New
Zealand
Executive Summary
Date founded or registered : 13/10/2006
Legal form : Private
Limited Company
Chief executive : Judith
Flood
Issued & paid up capital : NZD
13,885
Line of business : Telecommunications
service provider.
Staff employed : 20
employees
Company Analysis
Country risk : Country
risk is minimal
Operation trend : Operational
trend is steady
Management experience : Management
is modestly experienced
Financial performance : Financial
performance is undetermined
Organization structure : Organizational
structure is stable
Detrimental : No
detrimental found
Payment history : No
payment delays noted
Registry Data
Registration date : 13/10/2006
Legal form : Private
Limited Company
Registration no 1870536
Registered authority :
New Zealand Companies Office
Fiscal/ Tax no : 9429033842738
Registry status : Live/Active
Previous name : None
reported.
Change of legal form : None
reported.
Key Management
Name : Judith
Flood
Designation : General
Manager
Appointments
Name : Malcolm
Stuart Dick
Designation : Director
Appointment date : 13/10/06
Address : 212B
Sunnyside Road
Coatesville, Auckland 0793
New Zealand
Biography : In 1989 Malcolm, the Managing
Director of Netway Communications ,successfully established New Zealand’s first
voice and data competitor to Telecom. In 1992 Malcolm co-founded Call Australia
building the business into one of Australia’s top telecommunications providers,
with 200 staff and an annual turnover in excess of $100
million. After selling Call Australia in
1997 Malcolm returned home to establish CallPlus.
Name : Keith
Norman Goodall
Designation : Director
Appointment date : 10/12/10
Address : 204
Riverside Avenue
Point England, Auckland 1072
New Zealand
Biography : Keith is also Chairman of several
major private company groups and Deputy Chairman of a substantial Charitable
Trust involved in education services in New Zealand and internationally. He has
previously sat on the Boards of ihug NZ Ltd and iiNet Pty Ltd
Australia and also held an appointment as a
government appointee to a substantial state owned business.
Name : Raymond
James Jackson
Designation : Director
Appointment date : 10/12/10
Address : 22
Charles Dickens Drive
Mellons Bay, Auckland 2014
New Zealand
Staff employed : 20
employees
Composition
Authorized Capital : NZD
13,885
No of shares : 13,885
Shares
Share par value : NZD 1
Issued capital : NZD
13,885
Paid up capital : NZD
13,885
How listed : Full
List
Composition
Shareholder name : Malcolm
Stuart Dick
Address : 212B
Sunnyside Road
Coatesville, Auckland 0793
New Zealand
No. of shares : 6,500
Shares
% of shares : 46.81%
Shareholder name : PRESLEY.CO
LIMITED
Address : Level
4, 5-7 Kingdon Street
Newmarket, Auckland 1023
New Zealand
No. of shares : 3,500
Shares
% of shares : 25.21%
Shareholder name : GRAVITY
SOLUTIONS LIMITED
Address : 22
Charles Dickens Drive
Mellons Bay, Auckland 2014
New Zealand
No. of shares : 2,497
Shares
% of shares : 17.98%
Shareholder name : Mark John
Callander
Address : 76
Paice Avenue
Sandringham, Auckland 1025
New Zealand
No. of shares : 694
Shares
% of shares : 5.00%
Shareholder name : Adrian
Jeffrey Dick
Address : 15
Eversleigh Road
Belmont, Auckland 0622
New Zealand
No. of shares : 694
Shares
% of shares : 5.00%
Structure
Name : CALLPLUS
SERVICES LIMITED
Affiliation type : Associate
Address : CallPlus
Business Centre
Level 3, 110 Symonds Street
Auckland Central, Auckland 1010
New Zealand
Name : CALLPLUS
HOLDINGS LIMITED
Affiliation type : Associate
Address : CallPlus
Business Centre
Level 3, 110 Symonds Street
Auckland Central, Auckland 1010
New Zealand
Name : CALLPLUS
TRUSTEE LIMITED
Affiliation type : Associate
Address : CallPlus
Business Centre
Level 4, 110 Symonds Street
Auckland Central, Auckland 1010
New Zealand
Name : CALLPLUS ASSETS
LIMITED
Affiliation type : Associate
Address : CallPlus
Business Centre
Level 3, 110 Symonds Street
Grafton, Auckland 1010
New Zealand
Name : FLIP SERVICES
LIMITED
Affiliation type : Associate
Address : CallPlus
Business Centre
Level 4, 110 Symonds Street
Auckland Central, Auckland 1010
New Zealand
Bank Details
Name of bank : Bank
of New Zealand
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.
Comments : The representative contacted
Mr. Julian declined to provide any information until the inquiring party
details are revealed.
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:
- 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.
The Subject does not meet the criteria of
being a large Private Company.
Main activities : The
Subject operates as a telecommunications service provider in New Zealand.
The Subject provides voice related services
such as voice calling services,
VoIP services, cloud PBX services and SIP
Trunks services.
In addition, the Subject also provides ADSL
data and mobile data services.
Product & services : Voice
related services: Cloud PBX, SIP Trunks, Faxmail, Toll Free, VoIP services
Mobile data and
ADSL data services
Purchases
International : Europe,
Asia
Sales
Local : Yes
International : No
exports.
Property &
Assets
Premises : The Subject operates from
premises 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
(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 share: 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, D/P, Credit 30-90 days
International : Prepayment,
Telegraphic transfer, D/P, Credit 30-90 days
Sales Term
Local : Cash,
Credit card, Bank transfer
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.60.13 |
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|
1 |
Rs.99.65 |
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Euro |
1 |
Rs.82.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
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 |
|
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 |
-- |
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.