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Report No. : |
333219 |
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Report Date : |
28.07.2015 |
IDENTIFICATION DETAILS
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Name : |
DISCOUNT FOOD WAREHOUSE LTD |
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Registered Office : |
103 Gasson Street, Sydenham, Christchurch, 8023, NZ |
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Country : |
New Zealand |
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Date of Incorporation : |
30.10.2003 |
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Legal Form : |
Limited Company |
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Line of Business : |
Subject operates as the largest middle-eastern and south-Asian
(Bangladeshi, Indian, Pakistani, Sri Lankan and Middle-eastern foods) ethnic
foods store. |
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No. of Employee : |
Not Available |
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
|
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 |
DISCOUNT FOOD WAREHOUSE LTD
T/AS GURUJI INDIAM
SUPERMARKET
1421768
NZBN: 9429035719526
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Incorporated |
2003 |
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Line of Business |
Asian food supermarket |
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Status |
Trading |
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Chief Executive Officer |
ROHIT, Ashok |
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Adverse Listings |
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Details
pertaining to the subject’s financial and trading position were unable to be
obtained for the current enquiry.
Entity Type: NZ Limited Company
Incorporated: 30 Oct 2003
Current Status: Registered
Constitution Filed: No
Annual Return Filing Month: November
Registered Office
103 Gasson Street, Sydenham, Christchurch, 8023, NZ
Address for Service
103 Gasson Street, Sydenham, Christchurch, 8023, NZ
Directors
ROHIT, Ashok
52 Blue Gum Place, New Brighton, Christchurch, 8083, NZ
Shareholdings
Total Number of
Shares: 100
Extensive
Shareholdings: No
90 - ROHIT, Ashok
10 - ROHIT,
Bhanumati
TRADING ADDRESS 103 Gasson Street,
Sydenham, Christchurch, 8023, NZ
TELEPHONE (643) 374 5222
FACSIMILE (643) 374 5221
MOBILE 021 617 352
WEBSITE www.guruji.co.nz
TRADING STYLES GURUJI INDIAN SUPERMARKET
BRANCHES 12 Bath Street Christchurch, New Zealand
BANK Not determined
EMPLOYEES Not determined
The subject was
incorporated in New Zealand on 30 October 2003 under the current style.
The subject operates as the largest
middle-eastern and south-Asian (Bangladeshi, Indian, Pakistani, Sri Lankan and
Middle-eastern foods) ethnic foods store in the South Island of New Zealand.
The subject sells more than 5,000 different
food and drink items, exotic cooking ingredients.
The subject stocks
common Asian foods, including Raw or Cooked, Fresh or Frozen, Quick serve or
Heat & eat, as well as the utensils.
Products include:
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Dried fruits and nuts
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Chutneys and pickles
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Ready to eat curries
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Indian snacks
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Dals and flours
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Fijian food
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Middle Eastern foods
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Sri Lankan food
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Frozen veges and snacks
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Fresh Indian veges
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Utensils and Indian groceries
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Indian pooja samagri
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Curry pastes
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Exotic whole and ground spices
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Sauces
Activities are conducted from premises
located at the above listed trading address.
A search of failed to trace any litigation listed against the subject at
that date.
The subject is
not required to lodge financial statements with the Australian Securities and
Investments Commission.
During the
current interview conducted with Director Ashok Rohip he declined to confirm or
release any details pertaining to the subjects unless the source of the enquiry
was released.
As a result, details
pertaining to the subjects trading and financial position could not be obtained
for the current enquiry.
Details
pertaining to the subjects suppliers were not provided for the current enquiry.
A trade survey on
the subject was subsequently unable to be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.00 |
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|
1 |
Rs.99.43 |
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Euro |
1 |
Rs.70.61 |
INFORMATION DETAILS
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Analysis Done by
: |
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 |
-- |
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.