MIRA INFORM REPORT

Report Date :

21.10.2014

IDENTIFICATION DETAILS

Name :	ASIA PACIFIC PARTNERS LIMITED

Registered Office :	7 Hautu Drive, Wiri Manukau 2104

Country :	New Zealand

Date of Incorporation :	16.06.2003

Com. Reg. No.:	1320823

Legal Form :	New Zealand Limited Company

Line of Business :	The Subject’s business consist of establishing trading and business opportunities for New Zealand companies and identifying and facilitating investment opportunities for direct foreign investors into New Zealand. The Subject also operates as an investment holding company.

No of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	No Complaints
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 – June 1, 2014

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

New Zealand

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
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

CORPORATE DETAILS

Verified Address

Subject name
ASIA PACIFIC PARTNERS LIMITED
Business address
7 Hautu Drive
Town
Wiri
Province
Manukau
Zip / Postal code
2104
Country
New Zealand
Telephone
+64 9 2502780
Fax
+64 9 2502788
Email
adriana@asiapacificpartners.co.nz
Website
www.asiapacificpartners.co.nz

Registered address
7 Hautu Drive
Town
Wiri
Province
Manukau
Zip / Postal code
2104
Country
New Zealand

SUMMARY DETAILS

Report Summary

Date registered
16/06/2003
Legal form
New Zealand Limited Company
Key personnel
Adriana Hui Ai Tong
Line of business
The Subject’s business consist of establishing trading and business opportunities for New Zealand companies and identifying and facilitating investment opportunities for direct foreign investors into New Zealand. The Subject also operates as an investment holding company.
Staff employed
Not Available.

Paid-up capital
NZD 10,000.00

Subject’s Credit Risk 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

Organisation structure
Organisational structure is stable
Detrimental
No detrimental found
Payment history
No payment delays noted
Credit amount requested
Not described.

STATUTORY DETAILS

Registry Information

Date registered
16/06/2003
Legal form
New Zealand Limited Company
Registration number
1320823
Registered authority
The Companies Office
Tax / VAT number
9429035948704

Statutory status
Active
Previous name
None reported.
Change of legal form
None reported.

BOARD OF MANAGEMENT

Key Personnel

Name
Adriana Hui Ai Tong
Designation
Managing Director

BOARD OF DIRECTORS

Appointments

Name
Adriana Hui Ai Tong
Title
Director
Appointment date
16/06/03
Address
154 State Highway 16
Whenuapai 0814
New Zealand
Biography
Adriana Tong is an investment banker with over 30 years experience in the investment sector including equity, capital market, options and futures. She is currently a director of Asia Pacific Partners Limited and an advisor to various companies in North Asia, Southeast Asia and the Middle East.

Originally from Singapore, Adriana has been in New Zealand for over 40 years. She has extensive knowledge of the east and west including the business culture and various market conditions, which have been a benefit to transacting business. Adriana is the director and advisor of a number of businesses in the nutraceutical and beverage industry.

Staff employed
Not Available.

Other Appointments

Auditor
NSA Limited
Level J, 345 Queen Street
Auckland
New Zealand
Solicitor
Morrison Kent
Level 5, 55-65 Shortland Street
Auckland
New Zealand

SHARE CAPITAL

Composition

Authorized capital
NZD 10,000.00
Number / Type of shares
10,000 Shares
Share par value
NZD 1.00
Issued capital
NZD 10,000.00

Paid-up capital
NZD 10,000.00

OWNERSHIP / SHAREHOLDERS

Composition

Shareholder name
Adriana Hui Ai Tong
Address
154 State Highway 16
Whenuapai 0814
New Zealand
Number / Type of shares
8,500 Shares
Percentage (%) of shares
85.00%
Shareholder name
Abdulrahman Saif Al Ghurair
Address
Union House, 3rd Floor
Office Suite No.302
Port Saeed, Deira, Dubai
United Arab Emirates
Number / Type of shares
1,000 Shares
Percentage (%) of shares
10.00%
Shareholder name
Jointly held Jennifer Mary Shipley, Burton Ross Shipley & Leech Gary
Address
Jennifer Mary Shipley
Burton Ross Shipley
Leech Gary
27 George Street
Newmarket, Auckland 1023
New Zealand
Number / Type of shares
500 Shares
Percentage (%) of shares
5.00%

Ownership / Shareholding remarks
Jennifer Mary Shipley is the former Prime Minister of New Zealand.

Abdulrahman Saif Al Ghuhair is the Chairman of Dubai Chamber of Commerce & Industry and Board Member of Abdul Rahman Saif Al Ghurair Investments LLC and Dubai Economic Council since 2003.

CORPORATE AFFILIATIONS AND RELATED COMPANIES

Structure

Company name
NEW ZEALAND INSTITUTE OF NATURAL MEDICINE RESEARCH LIMITED
Affiliation type
Associate
Country of business
8 Ha Crescent
Wiri, Auckland 2104
New Zealand
Comments
The Subject owns 11% of New Zealand Institute Of Natural Medicine Research Limited.

Company name
BLIS TECHNOLOGIES LIMITED
Affiliation type
Associate
Country of business
10 Birch Street
Dunedin Central, Dunedin 9016
New Zealand
Comments
The Subject owns 2.86% of Blis Technologies Limited.

Company name
ALPHA GROUP LIMITED
Affiliation type
Associate
Country of business
8 Ha Crescent
Wiri, Auckland 2104
New Zealand
Comments
The Subject owns 11% of Alpha Group Limited.

BANK AND MORTGAGES

Bank Details

Name of bank
Bank of New Zealand
Address
New Zealand

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 Filings

Bankruptcy filings
None reported.
Court judgements
None reported.

Tax liens
None reported.
Others
None reported.

FINANCIAL STATISTICS

Remarks

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.

BUSINESS DETAILS

Operational Details

Main activities
The Subject establishes trading and business opportunities for New Zealand companies through utilizing its close working relationships and comprehensive international networks with individuals, corporations and governments.

The Subject also helps to identify and facilitate investment opportunities for direct foreign investors into New Zealand.

In addition, the Subject operates as an Investment Holding Company.
Products and services
Consultancy services
Due diligence and research services
Identification of investment opportunities services
Equity placements services
Project finance services
Asset Management services

Purchases

Local
None reported.

International
None reported.

Sales

Local
The Subject provides its service(s) locally.

International
The Subject provides its service(s) to countries in Asia Pacific.

Business Facilities and Assets

Premises
The Subject operates from the verified heading address consisting of an administrative office.

Branches
None reported.

SUMMARIZED COUNTRY RISK

Gross Domestic Products (GDP) and Economic Overview

Central bank
Reserve Bank of New Zealand
Reserve of foreign exchange and gold
US$ 20.562 billion
Gross domestic product (GDP)
US$ 180.548 billion
Purchasing power parity (GPP)
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 percentage (%) of 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

Trade and Competitiveness Overview

Total exports
US$33.24 billion
Export commodities
Dairy products, meat, wood and wood products, fish, machinery
Total imports
US$31.11 billion
Import commodities
Machinery and equipment, vehicles and aircraft, petroleum, electronics, textiles, plastics
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)

Major export partners
Australia 22%, US 11.5%, Japan 9.2%, China 5.3%, UK 4.6%
Major import 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

Country and Population Overview

Total population
4.37 million
Total area
270,467 km2
Capital
Wellington

Currency
New Zealand dollars (NZD)
Internet users as percentage (%) of total population
83%

PAYMENT OUTLOOK

Sales Term

Local
Prepayment, Bank transfer

International
Prepayment, Telegraphic 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.61.29
UK Pound	1	Rs.98.62
Euro	1	Rs.78.15

INFORMATION DETAILS

Analysis Done by :	SUB

Report Prepared by :	TPT

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
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
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
--	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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.