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Report No. : |
336460 |
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Report Date : |
19.08.2015 |
IDENTIFICATION DETAILS
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Name : |
SUMMIT TRADES LIMITED |
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Registered Office : |
10a Gwenand Place, Botany Downs, 2010 Auckland |
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Country : |
New Zealand |
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Date of Incorporation : |
18.04.2000 |
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Com. Reg. No.: |
1031452 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Import and Distribution of Food Ingredients, Spices and Other Food
Products. |
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No. of Employees : |
Less than 10 |
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 : |
Unknown |
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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, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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 |
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 30 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, fueling a large balance of payments deficit that posed a challenge
for policymakers. 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. The higher rate attracted international capital inflows, which
strengthened the currency and housing market while 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
in 2009, and achieved 2%-3% growth between 2011 to 2014. Nevertheless, key
trade sectors remain vulnerable to weak external demand and lower commodity
prices. In the aftermath of the Canterbury earthquakes, the government has
continued programs to expand export markets, develop capital markets, invest in
innovation, raise productivity growth, and develop infrastructure, while easing
its fiscal austerity.
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Source
: CIA |
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Legal form: |
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Main activities: |
Import and distribution of food ingredients,
spices and other food products |
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Employees: |
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Date registered: |
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Legal form: |
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Registration no: |
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Registry auth.: |
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Other reg.: |
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Registry status: |
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Court judgements: |
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Tax liens: |
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Other: |
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No of employees |
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Pakuranga Auckland, 2010 New Zealand |
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Issued: |
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Paid-up: |
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Pakuranga Auckland, 2010 New Zealand |
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Name: |
Sathya Gayathiri
Anthony |
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No. of shares: |
50 shares |
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% of shares: |
5% |
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Address: |
61 Reeves Rd Pakuranga Auckland, 2010 New Zealand |
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The Subject principally operates from premises
located at the heading address, consisting of a warehouse and administrative
offices. |
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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 |
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US Dollar |
1 |
Rs.65.22 |
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1 |
Rs.102.23 |
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Euro |
1 |
Rs.72.39 |
INFORMATION DETAILS
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Analysis Done by
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RAS |
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Report Prepared
by : |
NIT |
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.