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Report Date : |
15.05.2014 |
IDENTIFICATION DETAILS
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Name : |
ALPHA
LABORATORIES (NZ) LIMITED |
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Registered Office : |
48 Crooks Road, East Tamaki, Auckland, Zip code 2013 |
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Country : |
New Zealand |
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Date of Incorporation : |
18.02.1999 |
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Com. Reg. No.: |
945421 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
engaged in contract manufacturing of oral dose
supplements. Subject product
ranges includes :- · Soft Gel Capsules Hard Gel Capsules Tablets Sachets Canning Wet Granulation for tablet Enteric Coating |
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No of Employees : |
280 |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 |
Verified Address
Subject name : ALPHA
LABORATORIES (NZ) LIMITED
Business address : 48 Crooks
Road
Town : East
Tamaki
Province : Auckland
Zip/postal code : 2013
Country : New
Zealand
Tel : +64
9 5730866
Fax : +64
9 5730766
Website : www.alphalabs.co.nz
Registered address : 48 Crooks
Road
Town : East
Tamaki
Province : Auckland
Zip/postal code : 2013
Country : New
Zealand
Postal address : P.O.
Box 204369
Town : Highbrook
Province : Auckland
Zip/postal code : 2161
Country : New
Zealand
Executive Summary
Date founded or registered : 18/02/1999
Legal form : Private
Limited Company
Chief executive : Geum
Soon Shim
Issued & paid up capital : NZD
10
Line of business : Contract
manufacturing of oral dose supplements.
Staff employed : 80
employees
Credit Risk
Interpretation
Credit risk theory : Reasonable
operational base. Small credits may be considered with some
confidence that commitments will be
sustained under normal circumstances. This
is based on criterions such as years of
establishment, number of employees and
others. A cautious credit control policy
applies.
Company Analysis
Country risk : Country
risk is minimal
Operation trend : Operational
trend is steady
Management experience : Management
is reasonably 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 : 18/02/1999
Legal form : Private
Limited Company
Registration no 945421
Registered authority : New
Zealand Companies Office
Fiscal/ Tax no : 9429037663032
Registry status : Live/Active
Previous name : None
reported.
Change of legal form : None
reported.
Key Management
Name : Geum
Soon Shim
Designation : Managing
Director
Appointments
Name : Geum
Soon Shim
Designation : Director
Appointment date : 18/02/99
Address : 23
Del Mar Court
Shamrock Park, Auckland 2016
New Zealand
Staff employed : 280
employees
Composition
Authorized Capital : NZD 10
No of shares : 10
Shares
Share par value : NZD 1
Issued capital : NZD
10
Paid up capital : NZD
10
How listed : Full
List
Composition
Shareholder name : JEAN
HOLDINGS LIMITED
Address : 48
Crooks Road
East Tamaki, Auckland 2013
New Zealand
No. of shares : 10
Shares
% of shares : 100%
Structure
Name : JEAN
HOLDINGS LIMITED
Affiliation type : Parent
Company
Address : 48
Crooks Road
East Tamaki,
Auckland 2013
New Zealand
Name : GREEN
NUTRITION LIMITED
Affiliation type : Sister
Company
Address : 48
Crooks Road
East Tamaki, Auckland 2013
New Zealand
Name : BUEN
HOLDINGS LIMITED
Affiliation type : Associate
Address : 8
Blackburn Road
East Tamaki, Auckland 2013
New Zealand
Name : NZN
FARMS LIMITED
Affiliation type : Associate
Address : 48
Crooks Road
East Tamaki, Auckland 2013
New Zealand
Name : BUEN
BIOCEUTICALS (NZ) LIMITED
Affiliation type : Associate
Address : 8
Blackburn Road
East Tamaki, Auckland 2013
New Zealand
Bank Details
Name of bank : Westpac
New Zealand Limited
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 : The
representative contacted Mr. Min Goh 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
three conditions are met:
- 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 engages in contract manufacturing of oral dose supplements.
Product &
services :
· Soft Gel Capsules
Hard Gel Capsules
Tablets
Sachets
Canning
Wet Granulation for
tablet
Enteric Coating
Purchases
Local : Yes
International : Mainly
from China, South Korea, Australia, United States, India
Sales
Local : Yes
International : Australia,
Asia
Property &
Assets
Premises : The
Subject operates from premises at the verified heading address
consisting of a production facility, warehouse
and an administrative office.
Branches : In
addition, the Subject operates from a production facility located at:
16-18 Bowden Road
Mount Wellington, Auckland 1060
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 2009:
26.1%
a % GDP) 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, Prepayment, D/P, Credit 30-90 days
International : Telegraphic
transfer, Prepayment, D/P, Credit 30-90 days
Sales Term
Local : Bank
transfer, Prepayment, D/P, Credit 30-90 days
International : Telegraphic
transfer, Prepayment, D/P, Credit 30-90 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
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.59.88 |
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UK Pound |
1 |
Rs.100.98 |
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Euro |
1 |
Rs.82.40 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
MNL |
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.