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Report No. : |
328668 |
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Report Date : |
27.06.2015 |
IDENTIFICATION DETAILS
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Name : |
LOWE CORPORATION LIMITED |
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Formerly Known As : |
LOWE MEAT HOLDINGS LIMITED |
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Registered Office : |
499, Coventry Road, Hastings Hawke's Bay, 4122 |
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Country : |
New Zealand |
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Date of Incorporation : |
28.10.1986 |
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Com. Reg. No.: |
324807 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Animal by-product processing and marketing company. |
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No. of Employees : |
400 (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 : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
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Legal form: |
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Main activities: |
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Employees: |
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Court judgements: |
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Tax liens: |
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Other: |
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Name: |
Andrew Duncan James Ritchie |
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Job
title: |
Director |
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Name: |
Francis Neville Newton |
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Job
title: |
Director |
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Name: |
Ian Richard Silver |
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Job
title: |
Director |
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Name: |
Philip William Hocquard |
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Job
title: |
Director |
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No of employees |
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Goulburn, NSW 2580 Australia |
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Name: |
Andrew Duncan James Ritchie |
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Board function: |
Director |
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Date appointed: |
23-07-2012 |
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Address: |
14 Endsleigh Road, Rd 2 Hastings, 4172 New Zealand |
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Name: |
Andrew Graeme Lowe |
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Board function: |
Director |
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Date appointed: |
01-10-2003 |
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Address: |
132 Iona Road Havelock North, 4130 New Zealand |
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Name: |
Ian Richard Silver |
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Board function: |
Director |
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Date appointed: |
25-03-1997 |
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Address: |
39 Kaihuia Grove, Rd1 Levin New Zealand |
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Name: |
Philip William Hocquard |
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Board function: |
Director |
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Date appointed: |
23-07-2012 |
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Address: |
19 Simla Avenue Havelock North, 4130 New Zealand |
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Number/type: |
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Ian Richard Silver Stace Kathrin Joan (Joint shareholding) |
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Havelock North New Zealand Ian Richard
Silver 39 Kaihuia
Grove, Rd1 Levin New Zealand Stace Kathrin
Joan 643 Grey Street Hamilton New Zealand |
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Name: |
Andrew Graeme
Lowe |
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No. of shares: |
4,582,686 shares |
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% of shares: |
25.20% |
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Address: |
132 Iona Road Havelock North,
4130 New Zealand |
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Name: |
KJL TRUSTEE
LIMITED |
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No. of shares: |
3,236,197 shares |
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% of shares: |
17.80% |
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Address: |
643 Grey Street Hamilton East Hamilton, 3216 New Zealand |
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Comment: |
Company Number:
3724043 NZBN: 9429030795327 Incorporation
Date: 13/02/2012 |
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Name: |
Sarah Mary Whyte SLOW TRUSTEE
COMPANY LIMITED (Joint
shareholding) |
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No. of shares: |
3,236,198 shares |
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% of shares: |
17.80% |
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Address: |
Iona Road Havelock North New Zealand SLOW TRUSTEE
COMPANY LIMITED 130 Iona Road Havelock North,
4130 New Zealand |
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Name: |
Sarah Mary Whyte Stace Kathrin
Joan Andrew Graeme
Lowe Ian Richard
Silver (Joint
shareholding) |
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No. of shares: |
1,568,572 shares |
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% of shares: |
8.63% |
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Address: |
Iona Road Havelock North New Zealand Stace Kathrin
Joan 643 Grey Street Hamilton New Zealand Andrew Graeme
Lowe 132 Iona Road Havelock North
4130 New Zealand Ian Richard
Silver 39 Kaihuia
Grove, Rd1 Levin New Zealand |
Bankers
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LOWE CORPORATION LIMITED FPN9DZT792M72B65/C0002 12630 Org Type: Company Incorporation No: 324807 City/Town: DUNEDIN Collateral Type: Goods - Other ________________________________________ 23-Oct-2002 09:00 LOWE CORPORATION LIMITED FX43XR0B54986B72/C0004 Date of Prior Registration/Creation: 12-Apr-2000 Org Type: Company Incorporation No: 324807 City/Town: AUCKLAND Collateral Type: Goods - Other ________________________________________ 13-Sep-2006 10:13 LOWE CORPORATION LIMITED FR7N62X71BZ89820/C0001 Org Type: Company Incorporation No: 324807 City/Town: TUAKAU Collateral Type: All Present And
After Acquired Personal Property; Goods - Other ________________________________________ 25-Sep-2006 14:47 LOWE CORPORATION LIMITED F24H99F27JP3033T/C0017 0060024354 Org Type: Company Incorporation No: 324807 City/Town: HASTINGS Collateral Type: Goods - Other ________________________________________ 25-Sep-2006 14:47 LOWE CORPORATION LIMITED F24H99F27JP3033T/C0017 0062024354 Org Type: Company Incorporation No: 324807 City/Town: HASTINGS Collateral Type: Goods - Other ________________________________________ 25-Sep-2006 14:47 LOWE CORPORATION LIMITED F24H99F27JP3033T/C0017 0063024354 Org Type: Company Incorporation No: 324807 City/Town: HASTINGS Collateral Type: Goods - Other ___________________________________ 18-Sep-2007 14:31 LOWE CORPORATION LTD FU724M6W90JE3972/C0001 Org Type: Company Incorporation No: 324807 City/Town: DUNEDIN Collateral Type: All Present And
After Acquired Personal Property; Goods - Other ________________________________________ 12-Dec-2008 08:33 LOWE CORPORATION LIMITED F27RU448320UK16P/C0003 331076 Org Type: Company Incorporation No: 324807 City/Town: DUNEDIN Collateral Type: All Present And
After Acquired Personal Property; Goods - Other ________________________________________ 03-Feb-2009 14:06 LOWE CORPORATION LIMITED F77K5R17A68M099R/C0011 0061024354 Org Type: Company Incorporation No: 324807 City/Town: CHRISTCHURCH Collateral Type: Goods - Other ________________________________________ 03-Feb-2009 14:06 LOWE CORPORATION LIMITED F77K5R17A68M099R/C0011 0060024354 Org Type: Company Incorporation No: 324807 City/Town: HASTINGS Collateral Type: Goods - Other ________________________________________ 03-Feb-2009 14:06 LOWE CORPORATION LIMITED F77K5R17A68M099R/C0011 0061024354 Org Type: Company Incorporation No: 324807 City/Town: CHRISTCHURCH Collateral Type: Goods - Other ________________________________________ 30-Jul-2009 21:00 LOWE CORPORATION LIMITED FJ18GP1U22655S94/C0001 Org Type: Company Incorporation No: 324807 City/Town: HASTINGS Collateral Type: Goods - Other ________________________________________ 31-Dec-2009 13:21 LOWE CORPORATION LTD FN69TH402X29H242/C0003 810561106 Org Type: Company Incorporation No: 324807 City/Town: HASTINGS Collateral Type: Goods - Other ________________________________________ 02-Feb-2010 11:18 LOWE CORPORATION LIMITED F27R49C991PP04A8/C0037 0013091930 Org Type: Company Incorporation No: 324807 City/Town: HASTINGS Collateral Type: All Present And
After Acquired Personal Property ________________________________________ 01-Sep-2010 16:25 LOWE CORPORATION LTD F21RX0A5U9908536/C0003 Org Type: Company Incorporation No: 324807 City/Town: NAPIER Collateral Type: Goods - Other ________________________________________ 29-Sep-2010 14:46 LOWE CORPORATION LTD F837J24W41N2E16R/C0001 310931 Org Type: Company Incorporation No: 324807 City/Town: AUCKLAND Collateral Type: Goods - Other ________________________________________ 28-Jan-2011 15:55 LOWE CORPORATION LIMITED FP1JZ6571892NA26/C0003 100500636 Org Type:Company Incorporation No: 324807 City/Town: FRANKLIN Collateral Type: Goods - Other ________________________________________ 29-Mar-2011 10:45 LOWE CORPORATION LIMITED F20EA590U55M9629 GRAEMEL Org Type: Company Incorporation No: 324807 City/Town: CHRISTCHURCH Collateral Type: Goods - Other ________________________________________ 13-Oct-2011 10:46 LOWE CORPORATION LIMITED FU065MX42X69T778 Org Type: Company Incorporation No: 324807 City/Town: HASTINGS Collateral Type: Goods - Other ________________________________________ 26-Oct-2011 14:24 LOWE CORPORATION LIMITED FJ0RP21HD2255296 Org Type: Company Incorporation No: 324807 City/Town: HASTINGS Collateral Type: Goods - Motor
Vehicles |
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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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Interviews and material provided by the Subject Other official and
local business sources |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.60 |
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1 |
Rs.100.09 |
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Euro |
1 |
Rs.71.23 |
INFORMATION DETAILS
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Analysis Done by
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RAS |
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Report Prepared
by : |
NIT |
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.