|
Report No. : |
329665 |
|
Report Date : |
03.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
ELECTRODIP LIMITED |
|
|
|
|
Registered Office : |
12, Stewart St, te Puke 3119, CTC Ms Raewyn Careyt |
|
|
|
|
Country : |
New Zealand |
|
|
|
|
Date of Incorporation : |
29.03.2000 |
|
|
|
|
Com. Reg. No.: |
1024146 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of Farm Machinery and Equipment. |
|
|
|
|
No. of Employees : |
Less than 10 |
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 |
|
|
|
|
Subject name: |
|
|
Address: |
|
|
Town: |
|
|
Zip/postal code: |
|
|
Country: |
|
|
Telephone: |
|
|
Mobile phone: |
|
|
Fax: |
|
|
Website: |
|
Legal form: |
|
|
Main activities: |
|
|
Employees: |
|
|
|
|
Date registered: |
|
|
Legal form: |
|
|
Registration no: |
|
|
Registry auth.: |
|
|
Other reg.: |
|
|
Registry status: |
|
Court judgements: |
|
|
Tax liens: |
|
|
Other: |
|
|
|
|
|
|
|
Name: |
Raewyn Patricia Carey |
|
Job
title: |
Director |
|
|
|
|
|
|
|
No of employees |
|
|
|
|
Te Puke 3119 New Zealand |
|
|
|
|
|
Name: |
Raewyn Patricia Carey |
|
Board function: |
Director |
|
Address: |
12 Stewart Street Te Puke 3119 New Zealand |
|
|
|
|
Number/type: |
|
|
|
|
|
|
|
Raewyn Patricia Carey (Joint shareholding) |
|
|
Te Puke 3119 New Zealand |
|
|
|
|
Required to file: |
|
|
Source: |
|
|
|
|
|
The Subject's financial statements were
not available in the course of our investigation. |
|
|
|
|
Full
description: |
The Subject is engaged in the manufacture
of Electrodip; sheep jetter/spray
race for the jetting and dipping of sheep at a constant high pressure with
low volume. |
|
|
|
|
|
|
|
Export: |
|
The Subject's head office is located at the heading
address. |
|
Interviews and material provided by the Subject Other official
and local business sources |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.57 |
|
|
1 |
Rs.99.20 |
|
Euro |
1 |
Rs.70.35 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.