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Report No. : |
330177 |
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Report Date : |
03.07.2015 |
IDENTIFICATION DETAILS
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Name : |
WILSON HELLABY LIMITED |
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Registered Office : |
131 Portage Road, Otahuhu, Auckland 1062, PO Box 22747 Auckland 1640 |
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Country : |
New
Zealand |
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Date of Incorporation : |
20.04.1998 |
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Com. Reg. No.: |
900980 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
The Subject is engaged in supplying fresh and frozen meat products
including carcasses, bone-in and boneless cuts, boxed cuts, cured, marinated
and processed meat, offal for the supermarkets, butchers, caterers and other
food service outlets. |
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No. of Employees : |
150 |
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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Address: |
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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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Registry auth.: |
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Other reg.: |
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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: |
Kenneth Lyall Syminton |
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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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Papakura 2585 New Zealand |
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Name: |
Kenneth Lyall Syminton |
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Board function: |
Director |
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Address: |
311 Beach Road Campbells Bay North Shore City Auckland 0630 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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Otahuhu Auckland 1062 New Zealand |
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Name: |
WILSON FOODS
LIMITED |
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No. of shares: |
100,000 shares |
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% of shares: |
50% |
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Address: |
Hobson Tower
West 26-28 Hobson
Street Auckland 1010 New Zealand |
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CORPORATE AFFILIATIONS
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Otahuhu Auckland 1062 New Zealand |
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Name: |
WILSON FOODS
LIMITED |
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Affiliation type: |
Shareholder |
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Address: |
Hobson Tower
West 26-28 Hobson
Street Auckland 1010 New Zealand |
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Name: |
PVL PROTEINS
LIMITED |
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Affiliation type: |
Associate |
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Address: |
New Zealand |
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BANKING & FINANCING
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Time of Registration: 12-Feb-2015 12:27 Debtor Name: WILSON HELLABY LIMITED Financing Statement Registration No: FN628JP99440TZ41 Incorporation No: 900980 City/Town: Auckland Collateral Type: Goods - Other Time of Registration: 18-Mar-2014 17:13 Debtor Name: WILSON HELLABY LIMITED Financing Statement Registration No: FT9P2M2214Z258N6 Incorporation No: 900980 City/Town: Auckland Collateral Type: Goods - Other Time of Registration: 30-Aug-2013 14:47 Debtor Name: WILSON HELLABY LIMITED Financing Statement Registration No: F306X6F17D59M0R8 Incorporation No: 900980 City/Town: Auckland Collateral Type: All present and after acquired personal property;
Goods - Other Time of Registration: 13-Dec-2012 16:54 Debtor Name: WILSON HELLABY LIMITED Financing Statement Registration No: FU34M25W28G72H51 Incorporation No: 900980 City/Town: Auckland Collateral Type: Goods - Other Time of Registration: 14-Nov-2012 18:06 Debtor Name: WILSON HELLABY LIMITED Financing Statement Registration No: FZ7FX462605B96J0 Incorporation No: 900980 City/Town: Auckland Collateral Type: Goods - Other Time of Registration: 20-Aug-2012 14:16 Debtor Name: WILSON HELLABY LIMITED Financing Statement Registration No: F40HM1K5865E8516 Incorporation No: 900980 City/Town: Auckland Collateral Type: Goods - Other Time of Registration: 09-Aug-2012 11:52 Debtor Name: WILSON HELLABY LIMITED Financing Statement Registration No: F286DJ42285HM540 Incorporation No: 900980 City/Town: Auckland Collateral Type: All present and after acquired personal property;
Goods - Other Time of Registration: 01-Dec-2011 12:12 Debtor Name: WILSON HELLABY LIMITED Financing Statement Registration No: FM14B7K50R84N222/C0011 Incorporation No: 900980 City/Town: Auckland Collateral Type: Goods - Other Time of Registration: 13-Oct-2011 11:34 Debtor Name: WILSON HELLABY LIMITED Financing Statement Registration No: FR0D56F1NP820345/C0001 Incorporation No: 900980 City/Town: Hamilton Collateral Type: Goods - Livestock; 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 supplying fresh
and frozen meat products including carcasses, bone-in and boneless cuts,
boxed cuts, cured, marinated and processed meat, offal for the supermarkets, butchers,
caterers and other food service outlets. |
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PROPERTY & ASSETS
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The Subject principally operates from premises
located at the heading address, consisting of a warehouse and administrative
offices. |
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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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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.63.57 |
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1 |
Rs.99.20 |
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Euro |
1 |
Rs.70.35 |
INFORMATION DETAILS
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Analysis Done by
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KAR |
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Report Prepared
by : |
TPT |
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.