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Report No. : |
326678 |
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Report Date : |
17.06.2015 |
IDENTIFICATION DETAILS
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Name : |
INDIS NZ LIMITED |
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Registered Office : |
300 Richmond Road, Grey Lynn, Auckland 1021 |
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Country : |
New
Zealand |
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Date of Incorporation : |
18.07.2003 |
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Com. Reg. No.: |
1345704 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
The Subject is engaged in sourcing and distributing industrial
chemicals and raw materials to manufacturers. |
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No. of Employees : |
4 [Estimated] |
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
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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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Other style: |
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Address: |
Grey Lynn |
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Town: |
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Zip/postal code: |
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Telephone: |
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Mobile phone: |
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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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Registration no: |
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Registry auth.: |
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Tax number: |
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Registry status: |
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Previous names: |
1) BY FRIDAY LIMITED (until 14/07/2010) 2) ACTION
HARDWARE LIMITED (until 24/05/2011) 3) A. E. J.
BENTON LIMITED (until 30/05/2012) |
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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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No of employees |
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BOARD OF DIRECTORS / OTHER APPOINTMENTS
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Grey Lynn Auckland, 1021 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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FM TRUSTEES 585 LIMITED (Joint shareholding) |
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Grey Lynn Auckland, 1021 New Zealand |
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Name: |
Claire Johanna Benton |
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No. of shares: |
1 share |
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% of shares: |
1% |
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Address: |
44 Selbourne Street Grey Lynn Auckland, 1021 New Zealand |
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Name: |
Andrew E J Benton |
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No. of shares: |
1 share |
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% of shares: |
1% |
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Address: |
44 Selbourne Street Grey Lynn Auckland, 1021 New Zealand |
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CORPORATE AFFILIATIONS
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BANKING & FINANCING
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Financing Statement Registration No: F614BT14M29X1366 Time of Registration: 23-Feb-2015
13:33:57 Date of Expiry: 23-Feb-2020
13:33:57 Status: Registered ________________________________________ DEBTOR Organisation Name: INDIS NZ LIMITED Organisation Type: Company Incorporation Number: 1345704 Debtor Reference: Email Address: Fax: Contact Telephone No: Contact Address: 300 RICHMOND RD Suburb: City/Town: AUCKLAND Post Code: Country: New Zealand Mailing Address: Suburb: City/Town: Post Code: Country: Person Acting on behalf of: First Name: BUYER/ Middle Names: Last Name: PURCHASER Email Address: Fax: Contact Telephone No: Contact Address: 300 RICHMOND RD Suburb: City/Town: AUCKLAND Post Code: Country: New Zealand Mailing Address: Suburb: City/Town: Post Code: Country: ________________________________________ COLLATERAL (Current) Collateral Type: All Present And
After Acquired Personal Property Collateral History Description: Which are
proceeds of any collateral described, or otherwise referred to, in this
financing statement. ________________________________________ Collateral Type: Goods - Other Collateral History Description: All the debtor's right, title and interest in, to and under all the
following present and after-acquired personal property:(a) all milk products
of any nature including, without limitation, liquid milk and cream, milk
powders, cream products, cheese and cheese ingredients, milk and whey
proteins, organic products and ethanol products (Goods), in each case of any
kind, purchased by (or on account of) the debtor from Fonterra Co-operative
Group Limited and it's subsidiaries (Fonterra) from time to time and at any
time, including under the agreement between the debtor and Fonterra recording
Fonterra's general terms of trade (and, in any particular case) as more fully
described in the sale note, invoice or other document (by whatever name it
may be known) prepared by or on behalf of Fonterra in relation to the
purchase of Goods;(b) any such Goods which are held by the debtor as
inventory;(c) all proceeds of any or all of the foregoing. ________________________________________ SECURED PARTY Organisation Name: ANCHOR ETHANOL LTD Email Address: naira.paul@fonterra.com Fax: +64(9)3003415 Contact Telephone No: Contact Address: PRIVATE BAG 92032 Suburb: City/Town: AUCKLAND Post Code: 1142 Country: New Zealand Mailing Address: Suburb: City/Town: Post Code: Country: Person Acting on behalf of: First Name: NAIRA Middle Names: Last Name: PAUL Email Address: naira.paul@fonterra.com Fax: +64(9)3003415 Contact Telephone No: Contact Address: PRIVATE BAG 92032 Suburb: City/Town: AUCKLAND Post Code: 1142 Country: New Zealand ________________________________________ Organisation Name: FONTERRA CO-OPERATIVE GROUP LTD Email Address: naira.paul@fonterra.com Fax: +64(9)3749543 Contact Telephone No: Contact Address: PRIVATE BAG 92032 Suburb: City/Town: AUCKLAND Post Code: 1142 Country: New Zealand Mailing Address: Suburb: City/Town: Post Code: Country: Person Acting on behalf of: First Name: NAIRA Middle Names: Last Name: PAUL Email Address: naira.paul@fonterra.com Fax: +64(9)3749543 Contact Telephone No: Contact Address: PRIVATE BAG 92032 Suburb: City/Town: AUCKLAND Post Code: 1142 Country: New Zealand ________________________________________ Organisation Name: FONTERRA LTD Email Address: naira.paul@fonterra.com Fax: +64(9)3003415 Contact Telephone No: Contact Address: PRIVATE BAG 92032 Suburb: City/Town: AUCKLAND Post Code: 1142 Country: New Zealand Mailing Address: Suburb: City/Town: Post Code: Country: Person Acting on behalf of: First Name: NAIRA Middle Names: Last Name: PAUL Email Address: naira.paul@fonterra.com Fax: +64(9)3003415 Contact Telephone No: Contact Address: PRIVATE BAG 92032 Suburb: City/Town: AUCKLAND Post Code: 1142 Country: New Zealand ________________________________________ Organisation Name: FONTERRA NZ LTD Email Address: naira.paul@fonterra.com Fax: +64(9)3003415 Contact Telephone No: Contact Address: PRIVATE BAG 92032 Suburb: City/Town: AUCKLAND Post Code: 1142 Country: New Zealand Mailing Address: Suburb: City/Town: Post Code: Country: Person Acting on behalf of: First Name: NAIRA Middle Names: Last Name: PAUL Email Address: naira.paul@fonterra.com Fax: +64(9)3003415 Contact Telephone No: Contact Address: PRIVATE BAG 92032 Suburb: City/Town: AUCKLAND Post Code: 1142 Country: New Zealand |
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It is generally not the policy of local
banks to provide credit status information to non-bona fide applications, and
interested parties would be advised to consult first with the Subject if
banker's references are required. |
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FINANCIAL ACCOUNTS
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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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Currency: |
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Exchange rate: |
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Summarized
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The Subject's more recent financial information
was not available in the course of our investigation. The respondent
contacted declined to disclose such information to third parties on grounds
of confidentiality. |
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OPERATIONS & HISTORY
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Full description: |
The Subject is engaged in sourcing and
distributing industrial chemicals and raw materials to manufacturers. |
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Products/services: |
Gums Additives Polyols Solvents Organic
Chemicals Pigments Nutraceutical Dyes Titanium Dioxide Pharmaceuticals |
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Export: |
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PROPERTY & ASSETS
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The Subject's head office is located at the
heading address. |
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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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Exports: |
Credits 30 days
net |
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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.64.15 |
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1 |
Rs.100.04 |
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Euro |
1 |
Rs.72.27 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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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.