MIRA INFORM REPORT

Report No. :	353523
Report Date :	11.12.2015

IDENTIFICATION DETAILS

Name :	MOI AGENCIES LTD.
Registered Office :	C1, 63 Apollo Drive Rosedale, PO Box 65-531 Mairangi Bay, Albany, 0754
Country :	New Zealand
Date of Incorporation :	22.03.1996
Com. Reg. No.:	801257
Legal Form :	Private Limited Liability Company
Line of Business :	The Subject is engaged in the provision of sales, marketing, merchandising, and logistic services.
No. of Employee :	50 - Estimated

RATING & COMMENTS

MIRA’s Rating :

B

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

Status :	Moderate
Payment Behaviour :	Unknown
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

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
New Zealand	A1	A1

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 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.

Source : CIA

IDENTIFICATION
Given
Subject name:	MOI AGENCIES LTD.
Address:	Post Box 65-531, Mairangi Bay North Shore City
Country:	New Zealand
Verified
Subject name:	MOI AGENCIES LIMITED
Address:	C1, 63 Apollo Drive Rosedale		Postal address:	PO Box 65-531 Mairangi Bay
Town:	Albany		Town:	North Shore City
Zip/postal code:	0632		Zip/postal code:	0754
Country:	New Zealand
Telephone:	+64 (9) 4793630
Fax:	+64 (9) 4793811
Remarks:	The Subject's registered address is: JOHANNESSON & ASSOCIATES LTD 4d 63 Apollo Drive Auckland 0630 New Zealand
EXECUTIVE SUMMARY
Date established:	22-03-1996
Legal form:	Private Limited Liability Company
Main activities:	Provision of sales, marketing, merchandising, and logistic services.
Employees:	50 - Estimated
REGISTRY DATA
Key Facts
Date established:	22-03-1996
Legal form:	Private Limited Liability Company
Registration no:	801257
Registry auth.:	Registrar of Companies
Tax number:	NZBN: 9429038356261
Registry status:	Live/Active
LEGAL FILINGS
Bankruptcy filings:	None
Court judgements:	None
Tax liens:	None
Other:	None
MANAGEMENT & STAFF
Key Managers
Name:	Garry Alfred Browne
Job title:	Director
Name:	Mark Rinhold Okeby
Job title:	Director
Staff
No of employees	50 – Estimated
BOARD OF DIRECTORS / OTHER APPOINTMENTS
Appointments
Name:	Garry Alfred Browne
Board function:	Director
Address:	299 Edinburgh Road Castlecrag, NSW 2068 Australia
Name:	Mark Rinhold Okeby
Board function:	Director
Address:	30 Churchill Rd Murrays Bay Auckland 0630 New Zealand
SHARE CAPITAL
Composition
Number/type:	1,000 ordinary shares
Shareholders/Owners
How Listed	Full List
Composition
Name:	STUART ALEXANDER & CO (NZ) LIMITED
No. of shares:	800 ordinary shares
% of shares:	80%
Address:	MOI AGENCIES LTD Unit C1 63 Apollo Drive Mairangi Bay Auckland 0632 New Zealand
Name:	John Kleingeld QUAY LAW (2014) TRUSTEE COMPANY LIMITED (joint shareholding)
No. of shares:	100 ordinary shares
% of shares:	10%
Address:	C/-Bay Law Office 535 Blockhouse Bay Road Blockhouse Bay Auckland New Zealand QUAY LAW (2014) TRUSTEE COMPANY LIMITED Quay Law 427 Remuera Road Rumuera Auckland 1050 New Zealand
Name:	GS INDEPENDENT TRUSTEE SERVICES (2008) LIMITED Gavin Siegel Jody Siegel (joint shareholding)
No. of shares:	100 ordinary shares
% of shares:	10%
Address:	C/o Gibson Sheat Lawyers 3rd Floor Gibson Sheat Centre 1 Margaret Street Lower Hutt New Zealand Gavin Siegel C/- Bay Law Office 535 Blockhouse Bay Road Blockhouse Bay Auckland New Zealand Jody Siegel C/- Bay Law Office 535 Blockhouse Bay Road Blockhouse Bay Auckland New Zealand
CORPORATE AFFILIATIONS
Structure
Name:	STUART ALEXANDER & CO (NZ) LIMITED
Affiliation type:	Parent Company
Address:	Unit C1 63 Apollo Drive Mairangi Bay Auckland 0632 New Zealand
BANKING & FINANCING
Charges & Mortgages	Time of Registration/ PPSR Registration Date: 07-Oct-2002 23:11 Debtor Name: MOI AGENCIES LIMITED Financing Statement Registration No.: FH1D8T12745B929T/C0003 Date of Prior Registration/Creation:07-Jul-2000 Org Type: Company Incorporation No: 801257 City/Town: AUCKLAND Collateral Type: All Present And After Acquired Personal Property Time of registration/ PPSR Registration Date: 20-May-2011 16:33 Debtor Name: MOI AGENCIES LIMITED Financing Statement Registration No.: FR0V329F49621EU9 Debtor Reference: 4000210447 Org Type: Company Incorporation No: 801257 City/Town: AUCKLAND Collateral Type: Goods - Other Time of registration/ PPSR Registration Date: 24-May-2012 12:20 Debtor Name: MOI AGENCIES LIMITED Financing Statement Registration No.: F31D69F15Z7Z1925/C0001 Debtor Reference: C013489 Org Type: Company Incorporation No: 801257 City/Town: AUCKLAND Collateral Type: Goods - Other Time of registration/ PPSR Registration Date: 24-May-2012 12:20 Debtor Name: MOI AGENCIES LIMITED Financing Statement Registration No.: FJ727BN195R23Z91 Debtor Reference: 128073 Org Type: Company Incorporation No: 801257 City/Town: AUCKLAND Collateral Type: Goods - Other Time of registration/ PPSR Registration Date: 30-Sep-2013 15:00 Debtor Name: MOI AGENCIES LIMITED Financing Statement Registration No.: F21Y6A0WK17U5249/C0001 Org Type: Company Incorporation No: 801257 City/Town: AUCKLAND Collateral Type: Goods - Motor Vehicles Time of registration/ PPSR Registration Date: 07-Mar-2014 16:09 Debtor Name: MOI AGENCIES LIMITED Financing Statement Registration No.: FN1P94282X260PM8/C0001 Org Type: Company Incorporation No: 801257 City/Town: AUCKLAND Collateral Type: Goods - Motor Vehicles Time of registration/ PPSR Registration Date: 26-Nov-2014 14:37 Debtor Name: MOI AGENCIES LIMITED Financing Statement Registration No.: FR072T768D20MZ72 Debtor Reference: 9610:MOI Org Type: Company Incorporation No: 801257 City/Town: AUCKLAND Collateral Type: Goods - Motor Vehicles Time of registration/ PPSR Registration Date: 06-Mar-2015 10:59 Debtor Name: MOI AGENCIES LIMITED Financing Statement Registration No.: FR072T768D20MZ72 Org Type: Company Incorporation No: 801257 City/Town: AUCKLAND Collateral Type: Goods - Motor Vehicles
FINANCIAL ACCOUNTS
Description
Required to file:	No
Source:	N/A
Comments	The Subject's financial statements were not available in the course of our investigation.
OPERATIONS & HISTORY
Activities
Full description:	The Subject is engaged in the provision of sales, marketing, merchandising, and logistic services.
PROPERTY & ASSETS
Premises	The Subject principally operates from premises located at the heading address, consisting of administrative offices.
PAYMENTS
Purchase Terms
Local:	Cash Credits 14-30 days
Imports:	Credits 30 days net
Sales Terms
Local:	Cash Credits 14-30 days
Exports:	Credits 30 days net
Debt Collections / Judgements	No negative information was found.
Payment Experience
Payment behaviour:	As trade references were not supplied, the Subject's payment track record history CANNOT BE ACCURATELY DETERMINED,
INVESTIGATIVE NOTES
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.66.79
UK Pound	1	Rs.101.37
Euro	1	Rs.73.46
NZD		Rs.45.03

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	HEE
Report Prepared by :	TRU

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%)

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