MIRA INFORM REPORT
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Report No. : |
325076 |
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Report Date : |
05.06.2015 |
IDENTIFICATION DETAILS
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Name : |
BRISCOES (NEW ZEALAND) LIMITED |
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Registered Office : |
36 Taylors Road, Morningside, PO Box 884, Auckland |
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Country : |
New Zealand |
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Financials (as on) : |
21.01.2015 (Group Consolidated) |
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Date of Incorporation : |
31.05.1932 |
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Com. Reg. No.: |
69313 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
The Subject is engaged in retail
trading of home ware. |
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No. of Employees : |
1,800 - Estimated |
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 – December 31, 2014
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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 |
IDENTIFICATION
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Subject name: |
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Address: |
Morningside |
Postal address: |
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Town: |
Town: |
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Country: |
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Telephone: |
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Fax: |
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Email: |
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Website: |
briscoegroup.co.nz (Group) |
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EXECUTIVE
SUMMARY
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Date registered: |
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Legal form: |
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Sales turnover: |
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Main activities: |
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Employees: |
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: |
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: |
MANAGEMENT
& STAFF
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Name: |
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Name: |
Geoffrey Peter Scowcroft |
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Job title: |
Director |
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Name: |
Rodney Adrian Duke |
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Job title: |
Director |
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Staff |
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No of employees |
BOARD
OF DIRECTORS / OTHER APPOINTMENTS
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Name: |
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Board function: |
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Address: |
Saint Marys Bay Auckland, 1011 New Zealand |
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Name: |
Geoffrey Peter Scowcroft |
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Board function: |
Director |
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Address: |
35a Churchouse Road Greenhithe Auckland, 0632 New Zealand |
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Name: |
Rodney Adrian Duke |
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Board function: |
Director |
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Address: |
99 Arney Rd, Remuera Auckland, 1050 New Zealand |
SHARE CAPITAL
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Composition |
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Number/type: |
Shareholders/Owners
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How Listed |
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Morningside Auckland 1025 New Zealand |
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NZBN: 9429039267313 |
CORPORATE
AFFILIATIONS
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Morningside Auckland 1025 New Zealand |
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NZBN: 9429039267313 |
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Name: |
LIVING & GIVING LIMITED |
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Affiliation
type: |
Sister Company |
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Address: |
36 Taylors Road Morningside Auckland 1025 New Zealand |
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Comment: |
Registration no. 1619873 NZBN: 9429034839249 |
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Name: |
REBEL SPORT LIMITED |
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Affiliation
type: |
Sister Company |
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Address: |
36 Taylors Road Morningside Auckland 1025 New Zealand |
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Comment: |
Registration no. 1447163 NZBN: 9429035665731 |
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Name: |
THE SPORTS AUTHORITY LIMITED |
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Affiliation
type: |
Sister Company |
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Address: |
36 Taylors Road Morningside Auckland 1025 New Zealand |
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Comment: |
Registration no. 598333 NZBN: 9429038816178 |
BANKING
& FINANCING
FINANCIAL
ACCOUNTS
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Description |
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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: |
OPERATIONS
& HISTORY
PROPERTY & ASSETS
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Premises |
The Subject
principally operates from premises located at the heading address, consisting
of a shop and an office. |
PAYMENTS
INVESTIGATIVE NOTES
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Sources: |
Interviews and material provided by the
Subject Other official and local business sources |
ATTACHMENTS
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Attachments: |
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%20LIMITED%20-%20325076%2005-Jun-2015_files/image028.gif)
%20LIMITED%20-%20325076%2005-Jun-2015_files/image030.gif)
%20LIMITED%20-%20325076%2005-Jun-2015_files/image032.gif)
%20LIMITED%20-%20325076%2005-Jun-2015_files/image034.gif)
%20LIMITED%20-%20325076%2005-Jun-2015_files/image036.gif)
%20LIMITED%20-%20325076%2005-Jun-2015_files/image038.gif)
%20LIMITED%20-%20325076%2005-Jun-2015_files/image040.gif)
%20LIMITED%20-%20325076%2005-Jun-2015_files/image042.gif)
%20LIMITED%20-%20325076%2005-Jun-2015_files/image043.gif)
%20LIMITED%20-%20325076%2005-Jun-2015_files/image045.gif)
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.64.18 |
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1 |
Rs.98.30 |
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Euro |
1 |
Rs.72.25 |
INFORMATION DETAILS
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Analysis Done by
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RAS |
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Report Prepared
by : |
VNT |
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.