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Report No. : |
353125 |
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Report Date : |
10.12.2015 |
IDENTIFICATION DETAILS
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Name : |
MASPORT LIMITED |
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Registered Office : |
1-37 Mt Wellington Highway, Panmure, Auckland 1060, PO Box 14-139, Panmure, Auckland 1741 |
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Country : |
New Zealand |
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Date of Incorporation : |
04.05.1984 |
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Com. Reg. No.: |
242632 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
The Subject is engaged in the manufacture of outdoor power equipment
such as lawnmowers, shredders, cultivators and outdoor leisure products such
as barbecues and patio heaters. |
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No. of Employees : |
100 (Estimated) |
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, 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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Subject name: |
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Address: |
Panmure |
Postal address: |
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Town: |
Town: |
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Zip/postal code: |
Zip/postal code: |
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Country: |
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Telephone: |
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Fax: |
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Website: |
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EXECUTIVE SUMMARY
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Date registered: |
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Legal form: |
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Main activities: |
Manufacturer & distributor of outdoor garden
& lifestyle products |
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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: |
Kevin Robert Tennant |
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Job title: |
Director |
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Name: |
Robert Allen Astley |
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Job title: |
Director |
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Name: |
Thomas Wilton Sturgess |
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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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Milford,
Auckland, 0620 New Zealand |
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Name: |
Kevin Robert Tennant |
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Board function: |
Director |
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Date appointed: |
07/08/2007 |
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Address: |
45 The Masthead Whitby, Porirua, 5024 New Zealand |
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Name: |
Robert Allen Astley |
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Board function: |
Director |
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Date appointed: |
07/08/2007 |
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Address: |
27 Ngapipi Road Orakei, Auckland, 1071 New Zealand |
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Name: |
Thomas Wilton Sturgess |
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Board function: |
Director |
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Date appointed: |
29/06/2007 |
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Address: |
383 Wakefield Quay Stepneyville, Nelson, 7010 New Zealand |
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SHARE CAPITAL
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Composition |
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Authorised: |
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Number/type: |
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Share value: |
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Issued: |
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Paid-up: |
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Shareholders/Owners
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Panmure, Auckland New Zealand |
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CORPORATE AFFILIATIONS
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Nelson, New Zealand |
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NZ Business Number: 9429033640907 Incorporation Date: 31 Jan 2007 |
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Name: |
TIRI GROUP LIMITED |
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Affiliation
type: |
Holding Company |
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Address: |
1-37 Mt Wellington Highway Panmure, Auckland New Zealand |
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Comment: |
Company number: 1943565 NZ Business Number: 9429033390703 Incorporation Date: 22 May 2007 |
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Name: |
MASPORT HOLDINGS LIMITED |
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Affiliation
type: |
Parent Company |
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Address: |
1-37 Mt Wellington Highway Panmure, Auckland New Zealand |
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Comment: |
Company number: 1951003 NZ Business Number: 9429033344973 Incorporation Date: 07 Jun 2007 |
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Name: |
TESC 1 LIMITED |
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Affiliation
type: |
Associate |
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Address: |
1-37 Mt Wellington Highway Panmure, Auckland New Zealand |
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Comment: |
Company number: 1951002 NZ Business Number: 9429033344843 Incorporation Date: 07 Jun 2007 |
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Name: |
TESC 2 LIMITED |
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Affiliation
type: |
Associate |
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Address: |
1-37 Mt Wellington Highway Panmure, Auckland New Zealand |
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Comment: |
Company number: 91711 NZ Business Number: 9429040507101 Incorporation Date: 05 Jul 1974 |
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BANKING
& FINANCING
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Bankers
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Time of Registration/PPSR Registration
Date: 19-Jan-2005 13:59 Debtor Name: MASPORT LIMITED Financing Statement Registration No.: F4447R27V2XH1Z99/C0054 Debtor Reference: 100441 Org Type: Company Incorporation No: 242632
City/Town: PANMURE 1134 Collateral Type: Goods - Motor
Vehicles; Goods - Other; Intangibles Time of Registration/PPSR Registration Date: 27-Jun-2007 12:25 Debtor Name: MASPORT LIMITED Financing Statement Registration No.: F24HB2FB7324093T/C0107 Debtor Reference: 0049457156 Org Type: Company Incorporation No: 242632
City/Town: AUCKLAND Collateral Type: All Present And
After Acquired Personal Property Time of Registration/PPSR Registration Date: 13-Sep-2008 00:58 Debtor Name: MASPORT LIMITED Financing Statement Registration No.: FE044C488J75M2Y1/C0003 Debtor Reference: 101113 Org Type: Company Incorporation No: 242632
City/Town: AUCKLAND Collateral Type: All Present And
After Acquired Personal Property; Goods - Other Time of Registration/PPSR Registration Date: 23-Nov-2010 12:31 Debtor Name: MASPORT LIMITED Financing Statement Registration No.: FF0D6B702Z6799R2/C0001 Debtor Reference: 4000199431 Org Type: Company Incorporation No: 242632
City/Town: AUCKLAND Collateral Type: Goods - Other Time of Registration/PPSR Registration Date: 11-Dec-2010 23:18 Debtor Name: MASPORT LIMITED Financing Statement Registration No.: FN6U42P0R4N21834 Debtor Reference: 493958,RPC2068540,Rental & Service Agreemt Org Type: Company Incorporation No: 242632
City/Town: AUCKLAND Collateral Type: Goods - Other Time of Registration/PPSR Registration Date: 11-Dec-2010 23:18 Debtor Name: MASPORT LIMITED Financing Statement Registration No.: F31R7B71N563R921 Debtor Reference: 493958,RPC2068540,Rental & Service Agreemt Org Type: Company Incorporation No: 242632
City/Town: AUCKLAND Collateral Type: Goods - Other Time of Registration/PPSR Registration Date: 11-Dec-2010 23:18 Debtor Name: MASPORT LIMITED Financing Statement Registration No.: FR5PN1W22J448832 Debtor Reference: 493958,RPC2068540,Rental & Service Agreemt Org Type: Company Incorporation No: 242632
City/Town: AUCKLAND Collateral Type: Goods - Other Time of Registration/PPSR Registration Date: 11-Dec-2010 23:18 Debtor Name: MASPORT LIMITED Financing Statement Registration No.: FA0A99X959U2339M Debtor Reference: 493958,RPC2068540,Rental & Service Agreemt Org Type: Company Incorporation No: 242632
City/Town: AUCKLAND Collateral Type: Goods - Other Time of Registration/PPSR Registration Date: 26-Jul-2012 11:29 Debtor Name: MASPORT LIMITED Financing Statement Registration No.: FZ2FE989320C928H Debtor Reference: DAR0066 Org Type: Company Incorporation No: 242632
City/Town: AUCKLAND Collateral Type: Goods - Other Time of Registration/PPSR Registration Date: 11-Sep-2012 23:31 Debtor Name: MASPORT LIMITED Financing Statement Registration No.: F80FD824880RH872 Debtor Reference: 493958,RPC2320125,Rental & Service Agreemt Org Type: Company Incorporation No: 242632
City/Town: AUCKLAND Collateral Type: Goods - Other Time of Registration/PPSR Registration Date: 17-Oct-2012 08:26 Debtor Name: MASPORT LIMITED Financing Statement Registration No.: F24JH20V58V13B33 Debtor Reference: 100504779 Org Type: Company Incorporation No: 242632
City/Town: AUCKLAND Collateral Type: All Present And
After Acquired Personal Property; Goods - Other Time of Registration/PPSR Registration Date: 21-Mar-2013 01:55 Debtor Name: MASPORT LIMITED Financing Statement Registration No.: FR1YW9093XB97363 Debtor Reference: 493958,RPC2390981,Operating Lease Org Type: Company Incorporation No: 242632
City/Town: AUCKLAND Collateral Type: Goods - Other Time of Registration/PPSR Registration Date: 01-Jan-2014 02:25 Debtor Name: MASPORT LIMITED Financing Statement Registration No.: F24953GN2XV1M497 Debtor Reference: 493958,RPC2519624,Operating Lease Org Type: Company Incorporation No: 242632
City/Town: AUCKLAND Collateral Type: Goods - Other Time of Registration/PPSR Registration Date: 01-Jan-2014 02:25 Debtor Name: MASPORT LIMITED Financing Statement Registration No.: F97595CH0PV82V89 Debtor Reference: 493958,RPC2519624,Operating Lease Org Type: Company Incorporation No: 242632
City/Town: AUCKLAND Collateral Type: Goods - Other Time of Registration/PPSR Registration Date: 01-Jan-2014 02:26 Debtor Name: MASPORT LIMITED Financing Statement Registration No.: FG2VX037254642SR Debtor Reference: 493958,RPC2519624,Operating Lease Org Type: Company Incorporation No: 242632
City/Town: AUCKLAND Collateral Type: Goods - Other Time of Registration/PPSR Registration Date: 01-Jan-2014 02:26 Debtor Name: MASPORT LIMITED Financing Statement Registration No.: F86DM8P75H67952R Debtor Reference: 493958,RPC2519624,Operating Lease Org Type: Company Incorporation No: 242632
City/Town: AUCKLAND Collateral Type: Goods - Other Time of Registration/PPSR Registration Date: 23-Jan-2014 01:50 Debtor Name: MASPORT LIMITED Financing Statement Registration No.: FV9VR0952689M36B Debtor Reference: 493958,RPC2519624,Operating Lease Org Type: Company Incorporation No: 242632
City/Town: AUCKLAND Collateral Type: Goods - Other Time of Registration/PPSR Registration Date: 22-Feb-2014 02:01 Debtor Name: MASPORT LIMITED Financing Statement Registration No.: FN0M48F15DJ19283 Debtor Reference: 493958,RPC2519624,Operating Lease Org Type: Company Incorporation No: 242632
City/Town: AUCKLAND Collateral Type: Goods - Other Time of Registration/PPSR Registration Date: 30-Jul-2015 01:47 Debtor Name: MASPORT LIMITED Financing Statement Registration No.: F30CG2K3M79740A2 Debtor Reference: 493958,RPC2733175,DSG Rental Org Type: Company Incorporation No: 242632
City/Town: AUCKLAND Collateral Type: Goods - Other |
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It is generally not the policy of local
banks to provide credit status information to non-bona fide applications, and
interested parties would be advised to consult first with the Subject if
banker's references are required. |
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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 and respondents contacted at
the Company were not prepared to release such documents. |
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OPERATIONS & HISTORY
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Full
description: |
The Subject is engaged in the manufacture of
outdoor power equipment such as lawnmowers, shredders, cultivators and
outdoor leisure products such as barbecues and patio heaters. |
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Products/services: |
Lawnmowers Lawn Tractors & Ride-ons Cylinder Mowers Outdoor Power Equipment Accessories Lifestyle Products:- Barbecues Ziegler & Brown Grill Series Outdoor Lighting & Heating Accessories Accessories - Ziegler & Brown |
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Import: |
Japan Italy United States |
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Export: |
China Ireland Papua New Guinea |
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PROPERTY & ASSETS
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The Subject's
head office is located at the heading address. |
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PAYMENTS
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Local: |
Credits 14-30 days |
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Imports: |
Credits 30 days
net |
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Local: |
Credits 14-30 days |
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Exports: |
Credits 30 days
net |
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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.66.75 |
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1 |
Rs.100.29 |
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Euro |
1 |
Rs.72.89 |
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NZD |
1 |
Rs.44.96 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
TRI |
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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.