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Report Date : |
08.03.2014 |
IDENTIFICATION DETAILS
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Name : |
CALLPLUS SERVICES LIMITED |
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Registered Office : |
CallPlus Business Centre Level 3, 110 Symonds Street Auckland Central
Auckland 1010 |
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Country : |
New Zealand |
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Date of Incorporation : |
29.01.2003 |
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Reg. No.: |
1271483 |
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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 : |
200 employees |
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, 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 : CALLPLUS
SERVICES LIMITED
Business address : CallPlus
Business Centre
Level 3, 110
Symonds Street
Town : Auckland
Central
Province : Auckland
Zip/postal code : 1010
Country : New
Zealand
Tel : +64
9 9157575
Fax : +64
9 9157589
Email : accounts@callplus.co.nz
/ support@callplus.co.nz
Website : www.callplus.co.nz
Registered address : CallPlus
Business Centre
Level 3, 110 Symonds Street
Town : Auckland
Central
Province : Auckland
Zip/postal code : 1010
Country : New
Zealand
Postal address : P.O. Box
108109, Symonds Street
Town : Auckland
Central
Province : Auckland
Zip/postal code : 1150
Country : New
Zealand
Executive Summary
Date founded or registered :
29/01/2003
Legal form : Private
Limited Company
Chief executive :
Mark John Callander
Issued & paid up capital : NZD
1,000
Line of business : Telecommunications
service provider.
Staff employed : 200
employees
Company Analysis
Country risk : Country
risk is minimal
Operation trend : Operational
trend is steady
Management experience : Management
is adequately 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 : 29/01/2003
Legal form :
Private Limited Company
Registration no 1271483
Registered authority : New
Zealand Companies Office
Fiscal/ Tax no : 9429036155729
Registry status :
Live/Active
Previous name : None
reported.
Change of legal form : None
reported.
Key Management
Name : Mark
John Callander
Designation : Chief
Executive Officer
Biography : With over 10 years
experience in the Telecommunications industry starting at Telecom NZ, Mark has
been a key driver behind the growth and success of CallPlus. He joined the
company in 2001 to lead the marketing and product teams before becoming General
Manager for the Slingshot business and subsequently the Chief Executive Officer
across the group of companies. Some of the achievements over the years include
TUANZ Innovation of the Year, ISP of the Year and more recently
Telecommunications Carrier of the Year.
Mark is currently a board member of the NZ
Institute of Management for the Northern region and Not For Me, an organisation
set up to raise money for selected charities around NZ.
Name :
Kelvin Hussey
Designation : General
Manager
Biography : A very experienced
senior executive and general manager. Kelvin brings a wealth of knowledge from
both the New Zealand and United Kingdom telecommunications industries.
Previously at Cable and Wireless
Communications as Director of Sales and Director of Business Support he also
served as Director of Customer Operations for Energis Communications before
emigrating to New Zealand to join Vodafone.
Name : John
Butt
Biography : General
Manager, Networks
Appointments
Name : Robert
James Campbell
Designation : Director
Appointment date : 07/12/10
Address : 11
Hepburn Street
Freemans Bay, Auckland 1011
New Zealand
Biography : Robert is a director of
several businesses including Turners & Growers Ltd, Lake Taupo Forest
Management Ltd, and Guinness Peat Group, and also a number of private equity
and hedge funds around the world. He is an experienced director of firms such
as Freightways, Bank of New Zealand and Viaduct Harbour. He operates his own
investment business, Tutanekai Investments. His academic qualifications are in
economics.
Name : Malcolm
Stuart Dick
Designation : Director
Appointment date : 29/01/03
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 : Annette
Sylvia Presley
Designation : Director
Appointment date : 29/01/03
Address : 39
Ewen Street
Hauraki, Auckland 0622
New Zealand
Staff employed : 200
employees
Composition
Authorized Capital : NZD
1,000
No of shares : 1,000
Shares
Share par value : NZD 1
Issued capital : NZD
1,000
Paid up capital NZD 1,000
How listed : Full
List
Composition
Shareholder name : CALLPLUS
HOLDINGS LIMITED
Address :
CallPlus Business Centre
Level 3, 110 Symonds Street
Auckland Central, Auckland 1010
New Zealand
No. of shares : 1,000
Shares
% of shares : 100%
Structure
Name : CALLPLUS
HOLDINGS LIMITED
Affiliation type : Parent
Company
Address : CallPlus
Business Centre
Level 3, 110 Symonds Street
Auckland Central, Auckland 1010
New Zealand
Name : CALLPLUS
TRUSTEE LIMITED
Affiliation type : Wholly-owned
Subsidiary
Address : CallPlus
Business Centre
Level 4, 110 Symonds Street
Auckland Central, Auckland 1010
New Zealand
Name : CALLPLUS
ASSETS LIMITED
Affiliation type : Sister Company
Address : CallPlus
Business Centre
Level 4, 110
Symonds Street
Auckland Central, Auckland 1010
New Zealand
Name : FLIP
SERVICES LIMITED
Affiliation type : Sister
Company
Address : CallPlus
Business Centre
Level 4, 110 Symonds Street
Auckland Central, Auckland 1010
New Zealand
Name : 2TALK
LIMITED
Affiliation type : Associate
Address : Level
9, 110 Symonds Street
Auckland Central, Auckland 1010
New Zealand
Related companies and corporate affiliations comments : Other companies
of the Callplus Group should be
considered
affiliates of the Subject.
Bank Details
Name of bank : Westpac
New Zealand Limited
Address :
New Zealand
Account details : Current
Account
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. Michael Gough declined to provide any financial
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.
Main activities : The
Subject operates as a telecommunications service provider in New Zealand.
The Subject offers business voice calling
services such as managed solutions, toll free services and audio/Web
conferencing services. In addition, the Subject provides business fixed line services
such as call management, messaging, and fax services.
Furthermore, the Subject also offers mobile
handsets, mobile broadband services, Internet services such as business
broadband; Internet; domain name, Web hosting, Email, Web mail, and Internet security
services; and managed wide area networks.
Product & services : Mobile
handsets
Fixed voice and data services
Mobile voice and Internet Services
Managed voice products
Business voice services
Visibill Analyser, a Web-based service that
allows analyzing usage,
patterns, and trends.
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 : In
addition, the Subject operates from other locations in Auckland, New
Zealand.
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$462 million
2009: US$-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 : Telegraphic
transfer, Prepayment, 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 Subjects
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 |
|
|
1 |
Rs.99.65 |
|
Euro |
1 |
Rs.82.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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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 |
-- |
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.