MIRA INFORM REPORT
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Report No. : |
355928 |
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Report Date : |
24.12.2015 |
IDENTIFICATION DETAILS
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Name : |
HUBERGROUP NEW ZEALAND LIMITED |
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Registered Office : |
120-122 Felton Mathew Avenue Glen Innes Auckland 1072 |
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Country : |
New Zealand |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
03.08.2007 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Distribution of printing products. |
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No. of Employee : |
3,600 (Group) |
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 : |
Good |
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Payment Behaviour : |
Regular |
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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: |
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Comments: |
The Subject initially operated under the name of
HOSTMANN-STEINBERG NEW ZEALAND LIMITED and changed to the present style on 20
Apr 2015. |
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Subject name: |
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Address: |
Glen Innes |
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Telephone: |
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Fax: |
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Email: |
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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: |
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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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Other reg.: |
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Registry status: |
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Previous names: |
The Subject initially operated under the name of
HOSTMANN-STEINBERG NEW ZEALAND LIMITED and changed to the present style on 20
Apr 2015. |
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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: |
Raymond James Toal |
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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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85567 Grafing Germany |
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Name: |
Raymond James Toal |
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Board function: |
Director |
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Address: |
44 Rangeview Road Mount Evelyn, VIC 3796 Australia |
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SHARE CAPITAL
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Composition |
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Number/type: |
6,800,000 shares |
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Shareholders/Owners
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Bilakhia House, Muktanand Marg Chala, Vapi
396191 Gujarat India |
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CORPORATE AFFILIATIONS
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85551 Kirchheim
bei München Germany |
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Name: |
HUBERGROUP INDIA
PRIVATE LIMITED |
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Affiliation
type: |
Parent Company |
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Address: |
Bilakhia House,
Muktanand Marg Chala, Vapi
396191 Gujarat India |
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Comment: |
Formerly known
as MICRO INKS PRIVATE LIMITED. |
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Name: |
HOSTMANN-STEINBERG
AUSTRALIA PTY LTD |
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Affiliation
type: |
Associate |
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Address: |
Australia |
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Name: |
HOSTMANN-STEINBERG
GMBH |
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Affiliation
type: |
Associate |
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Address: |
Germany |
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Other companies
of the MHM HOLDING Group should also be considered as affiliates of the
Subject. |
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BANKING & FINANCING
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Bankers
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Time of Registration: 16-Jul-2015 16:01 Debtor Name: HUBERGROUP NEW ZEALAND LIMITED Financing Statement Registration No: FA572RR708949BY0 Incorporation No: 1972567 City/Town: Auckland Collateral Type: Goods - Other Time of Registration: 14-Jul-2015 14:35 Debtor Name: HUBERGROUP NEW ZEALAND LIMITED Financing Statement Registration No: FJ22D32N172H9B14 Incorporation No: 1972567 City/Town: Auckland Collateral Type: Goods - Motor Vehicles Time of Registration: 14-Jul-2015 14:35 Debtor Name: HUBERGROUP NEW ZEALAND LIMITED Financing Statement Registration No: FZ7275TB0H84T028/C0002 Incorporation No: 1972567 City/Town: Auckland Collateral Type: All Present And After Acquired Personal Property;
Goods - Other Time of Registration: 23-Jun-2015 16:25 Debtor Name: HUBERGROUP NEW ZEALAND LIMITED Financing Statement Registration No: FH0ND28829R934R0 Incorporation No: 1972567 City/Town: Auckland Collateral Type: Goods - Other Time of Registration: 22-Jun-2015 14:25 Debtor Name: HUBERGROUP NEW ZEALAND LIMITED Financing Statement Registration No: F2696J95H1SZ125M Incorporation No: 1972567 City/Town: Auckland Collateral Type: Goods - Other Time of Registration: 22-Jun-2015 11:56 Debtor Name: HUBERGROUP NEW ZEALAND LIMITED Financing Statement Registration No: FP04X9Z224721P7Z Incorporation No: 1972567 City/Town: Auckland Collateral Type: All Present And After Acquired Personal Property;
Goods - Other Time of Registration: 11-Jun-2015 16:08 Debtor Name: HUBERGROUP NEW ZEALAND LIMITED Financing Statement Registration No: F56SD30N84N3962M Incorporation No: 1972567 City/Town: Auckland Collateral Type: Goods - Other Time of Registration: 20-Feb-2015 23:33 Debtor Name: HUBERGROUP NEW ZEALAND LIMITED Financing Statement Registration No: F23UK0S549G32S53/C0002 Incorporation No: 1972567 City/Town: Auckland Collateral Type: Goods - Motor Vehicles |
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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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Presentation: |
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Date of
accounts: |
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Type of
accounts: |
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Currency: |
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Exchange rate: |
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OPERATIONS & HISTORY
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Full
description: |
The Subject is engaged in distributing
printing varnishes, coatings, dampening solutions, additives and printing
auxiliaries. Subject is a member of HUBER Group, largest manufacturers of printing
inks and related products. |
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Import: |
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Export: |
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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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Christchurch
8023 New Zealand Unit 1, 6
Aglionby Street Melling Lower Hutt Wellington 5010 New Zealand |
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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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ATTACHMENTS
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Attachments: |
Financial ratios |
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Financial Ratios |
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31-12-2014 |
31-12-2013 |
Trend |
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PROFITABILITY
[%] |
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Gross
Margin |
36.11% |
37.13% |
-2.75% |
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Gross Profit / Sales Turnover * 100 |
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Operating
Margin |
N/A |
N/A |
N/A |
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Operating Profit / Sales Turnover *
100 |
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Net
Profit Margin |
7.4% |
8.58% |
-13.75% |
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Profit After Tax / Sales Turnover
* 100 |
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Return
On Equity (ROE) |
11.15% |
12.93% |
-13.77% |
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Profit After Tax / Equity * 100 |
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Return
On Assets (ROA) |
9.45% |
10.36% |
-8.78% |
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Profit After Tax / Total Assets *
100 |
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Return
On Investment (ROI) |
15.55% |
18.06% |
-13.9% |
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Profit Before Tax / Equity *
100 |
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EFFICIENCY
[%] |
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Asset
Turnover |
127.77% |
120.81% |
5.76% |
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Sales Turnover / Total Assets * 100 |
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Inventory
Turnover |
451.75% |
602.73% |
-25.05% |
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Sales Turnover / Inventory * 100 |
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LIQUIDITY
[%] |
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Current
Ratio (CR) |
391.3% |
279.7% |
39.9% |
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Current Assets / Current
Liabilities * 100 |
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Quick
Ratio (QR) |
205.9% |
178.93% |
15.07% |
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(Current Assets – Inventory) /
Current Liabilities * 100 |
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DEBT
[%] |
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Debt
Ratio |
15.26% |
19.89% |
-23.28% |
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Total Liabilities / Total Assets *
100 |
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Long-Term
Debt Ratio |
0% |
0% |
0% |
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Long-Term Liabilities / Equity *
100 |
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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.66.20 |
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1 |
Rs.98.30 |
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Euro |
1 |
Rs.72.41 |
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NZD |
1 |
Rs.45.00 |
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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DIV |
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Report Prepared
by : |
ANK |
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.