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Report No. : |
351717 |
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Report Date : |
01.12.2015 |
IDENTIFICATION DETAILS
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Name : |
D M DUNNINGHAM LIMITED |
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Registered Office : |
655 Great South Road, Penrose Auckland 1010, Po Box 12 572, Penrose Auckland 1642 |
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Country : |
New Zealand |
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Date of Incorporation : |
06.05.1985 |
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Com. Reg. No.: |
491927 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Supplier of Food Equipment and Ingredients. |
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No. of Employees : |
50 (Estimated) |
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 |
IDENTIFICATION
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Subject name: |
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Address: |
Penrose |
Postal address: |
Penrose |
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Town: |
Town: |
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Zip/postal code: |
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Country: |
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Telephone: |
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Fax: |
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Email: |
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Website: |
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Remarks: |
The Subject's registered address is: William Buck Christmas Gouwland Limited Level 4, Zurich House 21 Queen Street Auckland 1010 New Zealand |
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EXECUTIVE SUMMARY
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Date registered: |
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Legal form: |
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Main activities: |
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Employees: |
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REGISTRY DATA
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Key Facts |
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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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Tax number: |
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Registry status: |
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LEGAL FILINGS
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Bankruptcy filings: |
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Court judgements: |
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Tax liens: |
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Other: |
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MANAGEMENT & STAFF
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Name: |
John David Dunningham |
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Job title: |
Director |
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Name: |
Lynn Lawrence Carr Dunningham |
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Job title: |
Director |
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No of employees |
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BOARD OF DIRECTORS / OTHER APPOINTMENTS
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Auckland, 1072 New Zealand |
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Name: |
John David Dunningham |
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Board function: |
Director |
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Address: |
41b Tarawera Terrace, St Heliers Auckland, 1071 New Zealand |
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Name: |
Lynn Lawrence Carr Dunningham |
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Board function: |
Director |
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Address: |
71a Stranolar Drive, Mount Roskill Auckland, 1041 New Zealand |
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SHARE CAPITAL
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Composition |
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Number/type: |
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Shareholders/Owners
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June Lilla
Dunningham DUNNINGHAM
TRUSTEE COMPANY LIMITED (Joint
shareholding) |
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June Lilla Dunningham 7 Guard Crescent, Stonefields Auckland, 1072 New Zealand DUNNINGHAM TRUSTEE COMPANY LIMITED C/- Martelli Mckegg, Level 20 188 Quay Street Auckland, 1010 New Zealand |
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CORPORATE AFFILIATIONS
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188 Quay Street Auckland, 1010 New Zealand |
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BANKING & FINANCING
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Time of Registration/ PPSR Registration Date:
01-May-2002 00:00 Debtor Name: D M DUNNINGHAM LIMITED Financing Statement Registration No.: FHTF9E8869P9NJ29/C0009 Date of Prior Registration/Creation: 02-Feb-1994 Org Type: Company Incorporation No: 491927 City/Town: Penrose Auckland Collateral Type: All Present And After Acquired Personal Property Time of Registration/ PPSR Registration Date: 30-Oct-2002 19:34 Debtor Name: D M DUNNINGHAM LIMITED Financing Statement Registration No.: FP4G92F89099VJ20/C0004 Org Type: Company Incorporation No: 491927 City/Town: Auckland Collateral Type: All Present And After Acquired Personal Property;
Goods - Other Time of Registration/ PPSR Registration Date: 08-Aug-2007 16:13 Debtor Name: D M DUNNINGHAM LIMITED Financing Statement Registration No.: FC8KX9220842K2G7/C0001 Org Type: Company Incorporation No: 491927 City/Town: Auckland Collateral Type: All Present And After Acquired Personal Property;
Goods - Other Time of Registration/ PPSR Registration Date: 20-Nov-2007 16:35 Debtor Name: D M DUNNINGHAM LIMITED Financing Statement Registration No.: F83HK02923NE41E7/C0004 Org Type: Company Incorporation No: 491927 City/Town: Auckland Collateral Type: All Present And After Acquired Personal Property;
Goods - Other Time of Registration/ PPSR Registration Date: 27-Mar-2009 15:20 Debtor Name: D M DUNNINGHAM LIMITED Financing Statement Registration No.: F218BF19R4J90623/C0001 Org Type: Company Incorporation No: 491927 City/Town: Auckland Collateral Type: Goods - Other Time of Registration/ PPSR Registration Date: 21-May-2009 16:10 Debtor Name: D M DUNNINGHAM LIMITED Financing Statement Registration No.: F27RE760U4E475A8/C0001 Org Type: Company Incorporation No: 491927 City/Town: Auckland Collateral Type: Goods - Other Time of Registration/ PPSR Registration Date: 23-Jul-2009 15:51 Debtor Name: D M DUNNINGHAM LIMITED Financing Statement Registration No.: FN6Z826B20JD5702/C0001 Org Type: Company Incorporation No: 491927 City/Town: Auckland Collateral Type: All Present And After Acquired Personal Property;
Goods - Other Time of Registration/ PPSR Registration Date: 22-Jul-2010 11:44 Debtor Name: D M DUNNINGHAM LIMITED Financing Statement Registration No.: FK2M2R257227J34D/C0002 Org Type: Company Incorporation No: 491927 City/Town: Auckland Collateral Type: Goods - Other Time of Registration/ PPSR Registration Date: 23-Sep-2010 13:15 Debtor Name: D M DUNNINGHAM LIMITED Financing Statement Registration No.: FP67X8X03M23T098/C0002 Org Type: Company Incorporation No: 491927 City/Town: Auckland Collateral Type: Goods - Other Time of Registration/ PPSR Registration Date: 23-Mar-2011 10:18 Debtor Name: D M DUNNINGHAM LIMITED Financing Statement Registration No.: F60959FP1MJ1P599 Org Type: Company Incorporation No: 491927 City/Town: Auckland Collateral Type: Goods - Other Time of Registration/ PPSR Registration Date: 01-Apr-2011 18:34 Debtor Name: D M DUNNINGHAM LIMITED Financing Statement Registration No.: FZ1HM69925581J8M Org Type: Company Incorporation No: 491927 City/Town: Auckland Collateral Type: All Present And After Acquired Personal Property;
Goods - Other Time of Registration/ PPSR Registration Date: 04-May-2011 10:01 Debtor Name: D M DUNNINGHAM LIMITED Financing Statement Registration No.: F31896FX1F75V044/C0001 Org Type: Company Incorporation No: 491927 City/Town: Auckland Collateral Type: Goods - Other Time of Registration/ PPSR Registration Date: 05-Mar-2012 16:10 Debtor Name: D M DUNNINGHAM LIMITED Financing Statement Registration No.: FX7297935MM77BP0 Org Type: Company Incorporation No: 491927 City/Town: Auckland Collateral Type: All Present And After Acquired Personal Property;
Goods - Other Time of Registration/ PPSR Registration Date: 24-May-2012 09:44 Debtor Name: D M DUNNINGHAM LIMITED Financing Statement Registration No.: F80JX671HP2D6879 Org Type: Company Incorporation No: 491927 City/Town: Auckland Collateral Type: All Present And After Acquired Personal Property Time of Registration/ PPSR Registration Date: 24-May-2012 17:46 Debtor Name: D M DUNNINGHAM LIMITED Financing Statement Registration No.: FM1C29487B0RH479 Org Type: Company Incorporation No: 491927 City/Town: Auckland Collateral Type: All Present And After Acquired Personal Property Time of Registration/ PPSR Registration Date: 27-Jul-2012 16:30 Debtor Name: D M DUNNINGHAM LIMITED Financing Statement Registration No.: FP0999W6U4122J7A Org Type: Company Incorporation No: 491927 City/Town: Auckland Collateral Type: Goods - Other Time of Registration/ PPSR Registration Date: 09-Sep-2012 04:49 Debtor Name: D M DUNNINGHAM LIMITED Financing Statement Registration No.: F84V99J1H8N80B93 Org Type: Company Incorporation No: 491927 City/Town: Auckland Collateral Type: All Present And After Acquired Personal Property;
Goods - Other Time of Registration/ PPSR Registration Date: 11-Jun-2013 17:19 Debtor Name: D M DUNNINGHAM LIMITED Financing Statement Registration No.: FT0M64R9627915ND Org Type: Company Incorporation No: 491927 City/Town: Auckland Collateral Type: Goods - Other Time of Registration/ PPSR Registration Date: 02-Dec-2013 12:50 Debtor Name: D M DUNNINGHAM LIMITED Financing Statement Registration No.: FC3D5J0629R7M197 Org Type: Company Incorporation No: 491927 City/Town: Auckland Collateral Type: Goods - Other Time of Registration/ PPSR Registration Date: Debtor Name: D M DUNNINGHAM LIMITED Financing Statement Registration No.: Org Type: Company Incorporation No: 491927 City/Town: Auckland Collateral Type: Time of Registration/ PPSR Registration Date: 17-Jul-2014 09:44 Debtor Name: D M DUNNINGHAM LIMITED Financing Statement Registration No.: FN09DM24378WV055/C0002 Org Type: Company Incorporation No: 491927 City/Town: Auckland Collateral Type: All Present And After Acquired Personal Property;
Goods - Other |
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FINANCIAL ACCOUNTS
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Required to
file: |
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Source: |
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The Subject's financial statements were
not available in the course of our investigation. |
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OPERATIONS & HISTORY
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Full
description: |
The Subject is engaged in the supply of equipment
and ingredients to the New Zealand Butchery trade. |
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PROPERTY & ASSETS
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The Subject
principally operates from premises located at the heading address, consisting
of administrative offices. |
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PAYMENTS
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Local: |
Credits 14-30 days |
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Imports: |
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Local: |
Credits 14-30 days |
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As trade references were not supplied, the
Subject's payment track record history CANNOT BE ACCURATELY DETERMINED, but
payments are believed to be PROMPT. |
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INVESTIGATIVE
NOTES
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Sources: |
Interviews and material provided by the Subject Other official
and local business sources |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.66.81 |
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1 |
Rs.100.37 |
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Euro |
1 |
Rs.70.68 |
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NZD |
1 |
Rs.44.08 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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HEE |
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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.