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Report No. : |
324873 |
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Report Date : |
04.06.2015 |
IDENTIFICATION DETAILS
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Name : |
ZINDIA LTD |
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Registered Office : |
Zindia Limited, Level 8,
Swanson House, 12-26 Swanson Street, Auckland, 1141 |
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Country : |
New Zealand |
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Date of Incorporation : |
14.06.2004 |
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Legal Form : |
NZ Limited Company |
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Line of Business : |
Subject is engaged in export of timber logs |
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No. of Employee : |
5 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 |
ZINDIA LTD
1521564
NZBN:
9429035352013
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Summary Panel |
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Established |
2004 |
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Incorporated |
2004 |
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Line of Business
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Export of timber logs |
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Status |
Trading |
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Adverse Listings |
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Current financial details were unable to be obtained for the current
enquiry.
For the last financial year ended 31 March 2010 the subject traded
profitably and recorded revenue of NZ$40,000,000 to NZ$50,000,000.
In the absence of financial details the subject has been assigned with a
rating of ‘NA 5’.
Entity Type: NZ Limited Company
Incorporated: 14 Jun 2004
Current Status: Registered
Constitution Filed: Yes
Zindia Limited, Level 8, Swanson House, 12-26
Swanson Street, Auckland, 1141, NZ
Address for
Service
8b Mariners Mall, High Street, Picton, 7220, NZ
HUNT, Gerald
148/a East Coast Road, Milford, Auckland, NZ
JAIN, Yogesh
C/o Sitaram Ferozilal Jain Pvt.ltd., 1/38 Whs Kirti
Nagar, New Delhi, 110015, IN
MANNOTHRA, Jacob Mani
58 Marina Bay View, Waikawa, Picton, NZ
Total Number of Shares: 3,000,000
Extensive Shareholdings: No
1,500,000 - JACOB, Lali Jo
- MANNOTHRA, Jacob Mani
- NAIR & ASSOCIATES TRUSTEE COMPANY LIMITED
1,500,000 -SOUNDS OF FOREST LIMITED
TRADING ADDRESS 12- 26 Swanson
St
AUCKLAND, NZ 1141,
TELEPHONE (649) 215 6611
WEBSITE www.zindia.co.nz
EMAIL info@zindia.co.nz
NAIR & ASSOCIATES TRUSTEE COMPANY LIMITED
SOUNDS OF FOREST
LTD
ANZ NATIONAL BANK
5
The subject was incorporated in New Zealand on 14 June 2004 under the
current style as a new venture.
The subject operates as an independent log export company with all
product distributed to India.
The subject own and manage over 6,000 acres of Radiata pine
plantations and additionally export logs from North America.
Activities are
conducted from premises located at the above listed trading address.
A search of of on 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 investigation, contact with the subject or its
principals was unable to be established. Upon calling, on numerous occasions
the telephone was continually forwarded to voice mail. Despite messages being
left and an email sent, no reply has been received.
As a result, current financial details were unable to be obtained for
the current enquiry.
For the last financial year ended 31 March 2010 the subject traded
profitably and recorded revenue of NZ$40,000,000 to NZ$50,000,000.
For the last financial year ended 31 March 2008, the subject traded
profitably and recorded revenue of NZ$50,000,000 to NZ$60,000,000.
During the current investigation, contact with the subject’s principals
was unable to be established.
Subsequently details pertaining to the company’s suppliers were unable
to be obtained and a trade survey could not be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.63.85 |
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|
1 |
Rs.98.12 |
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Euro |
1 |
Rs.71.28 |
INFORMATION DETAILS
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Analysis Done by
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RAS |
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Report Prepared
by : |
ASH |
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.