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Report No. : |
347918 |
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Report Date : |
05.11.2015 |
IDENTIFICATION DETAILS
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Name : |
WALLACE COTTON LIMITED |
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Registered Office : |
Hayes Knight North Limited, Level 1, 5 William Laurie Place, Albany,
0632 Auckland |
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Country : |
New Zealand |
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Date of Incorporation : |
20.05.2002 |
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Com. Reg. No.: |
1200377 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of household items. |
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No. of Employee : |
10+ |
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
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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 |
IDENTIFICATION
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Subject name: |
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Address: |
Albany |
Postal address: |
Birkenhead |
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Town: |
Town: |
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Zip/postal code: |
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Telephone: |
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Website: |
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Remarks: |
The Subject's registered address is: Hayes Knight North Limited, Level 1, 5 William Laurie Place, Albany 0632 Auckland New Zealand |
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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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Other reg.: |
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Registry status: |
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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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Name: |
William John Wallace |
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Job title: |
Director |
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No of employees |
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BOARD OF DIRECTORS / OTHER APPOINTMENTS
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Birkenhead Auckland, 0626 New Zealand |
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Name: |
William John Wallace |
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Board function: |
Director |
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Address: |
34 Le Roy Tce Birkenhead Auckland, 0626 New Zealand |
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SHARE CAPITAL
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Composition |
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Issued: |
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Paid-up: |
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Shareholders/Owners
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Birkenhead Auckland, 0626 New Zealand |
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Name: |
Paula Jane Wallace |
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No. of shares: |
5,000 shares |
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% of shares: |
50% |
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Address: |
34 Le Roy Tce Birkenhead Auckland, 0626 New Zealand |
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CORPORATE AFFILIATIONS
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BANKING & FINANCING
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Time of Registration: 08-Jul-2002 11:20 Debtor Name: WALLACE COTTON LIMITED Financing Statement Registration No: FCACPD723555JX49/C0011 Incorporation No: 1200377 City/Town: BIRKENHEAD AUCKLAND Collateral Type: All Present And After Acquired Personal Property Time of Registration: 11-Dec-2010 11:30 Debtor Name: WALLACE COTTON LIMITED Financing Statement Registration No: F44HZ6227XF0P966/C0001 Incorporation No: 1200377 City/Town: AUCKLAND Collateral Type: Goods - Other Time of Registration: 02-Aug-2011 09:33 Debtor Name: WALLACE COTTON LIMITED Financing Statement Registration No: F8049J6H1J9X2609/C0003 Incorporation No: 1200377 City/Town: AUCKLAND Collateral Type: Goods - Other Time of Registration: 09-Dec-2011 13:57 Debtor Name: WALLACE COTTON LIMITED Financing Statement Registration No: FP088U5B1HM92399/C0001 Incorporation No: 1200377 City/Town: AUCKLAND Collateral Type: Goods - Other Time of Registration: 10-Feb-2012 14:27 Debtor Name: WALLACE COTTON LIMITED Financing Statement Registration No: F507X3X1FP07968B/C0001 Incorporation No: 1200377 City/Town: AUCKLAND Collateral Type: Goods - Other Time of Registration: 16-Feb-2012 10:12 Debtor Name: WALLACE COTTON LIMITED Financing Statement Registration No: FC2WK941M829238P/C0001 Incorporation No: 1200377 City/Town: AUCKLAND Collateral Type: Goods - Other Time of Registration: 14-Mar-2012 16:51 Debtor Name: WALLACE COTTON LIMITED Financing Statement Registration No: F533D2Z51RY91K84 Incorporation No: 1200377 City/Town: AUCKLAND Collateral Type: Goods - Other Time of Registration: 03-Oct-2013 11:04 Debtor Name: WALLACE COTTON LIMITED Financing Statement Registration No: FN8F857S6409J22V Incorporation No: 1200377 City/Town: AUCKLAND Collateral Type: All Present And After Acquired Personal Property;
Goods - Other Time of Registration: 07-Oct-2013 14:02 Debtor Name: WALLACE COTTON LIMITED Financing Statement Registration No: F712X7U220ZF1B88 Incorporation No: 1200377 City/Town: AUCKLAND Collateral Type: Goods - Other Time of Registration: 19-Dec-2013 12:17 Debtor Name: WALLACE COTTON LIMITED Financing Statement Registration No: F628D94Z2XM83Z26/C0003 Incorporation No: 1200377 City/Town: BIRKENHEAD AUCKLAND Collateral Type: Goods - Motor Vehicles Time of Registration: 16-May-2014 12:09 Debtor Name: WALLACE COTTON LIMITED Financing Statement Registration No: F5173T99V2WM9547/C0003 Incorporation No: 1200377 City/Town: BIRKENHEAD AUCKLAND Collateral Type: Goods - Motor Vehicles Time of Registration: 04-Nov-2014 11:59 Debtor Name: WALLACE COTTON LIMITED Financing Statement Registration No: FZ123348VU878JA1 Incorporation No: 1200377 City/Town: WELLINGTON Collateral Type: All Present And After Acquired Personal Property Time of Registration: 04-Nov-2014 11:59 Debtor Name: WALLACE COTTON LIMITED Financing Statement Registration No: F9047Z89N0T9M25P Incorporation No: 1200377 City/Town: AUCKLAND Collateral Type: All Present And After Acquired Personal Property Time of Registration: 12-Nov-2014 16:37 Debtor Name: WALLACE COTTON LIMITED Financing Statement Registration No: F31C3742G32PN615 Incorporation No: 1200377 City/Town: NAPIER Collateral Type: All Present And After Acquired Personal Property Time of Registration: 14-Jan-2015 08:01 Debtor Name: WALLACE COTTON LIMITED Financing Statement Registration No: FD2593849H9Z0FM0 Incorporation No: 1200377 City/Town: NAPIER Collateral Type: All Present And After Acquired Personal Property Time of Registration: 14-Jan-2015 13:55 Debtor Name: WALLACE COTTON LIMITED Financing Statement Registration No: F96JP1PF8852T379 Incorporation No: 1200377 City/Town: AUCKLAND Collateral Type: Goods - Other Time of Registration: 13-Apr-2015 09:07 Debtor Name: WALLACE COTTON LIMITED Financing Statement Registration No: FB08D98D22R99J34 Incorporation No: 1200377 City/Town: AUCKLAND Collateral Type: All Present And After Acquired Personal Property Time of Registration: 13-Apr-2015 09:07 Debtor Name: WALLACE COTTON LIMITED Financing Statement Registration No: F382T6U0V92D6029 Incorporation No: 1200377 City/Town: AUCKLAND Collateral Type: All Present And After Acquired Personal Property Time of Registration: 24-Aug-2015 08:48 Debtor Name: WALLACE COTTON LIMITED Financing Statement Registration No: F21WM02Y76989R32 Incorporation No: 1200377 City/Town: CAMBRIDGE Collateral Type: All Present And After Acquired Personal Property Time of Registration: 01-Sep-2015 12:01 Debtor Name: WALLACE COTTON LIMITED Financing Statement Registration No: FP1GD392592299ED Incorporation No: 1200377 City/Town: AUCKLAND 0814 Collateral Type: All Present And After Acquired Personal Property;
Goods - Other |
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FINANCIAL ACCOUNTS
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Required to
file: |
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Source: |
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The Subject's financial statements were
not available in the course of our investigation. |
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OPERATIONS & HISTORY
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Full
description: |
The Subject is engaged in trading of
household products such as bed linen, kitchenware, clothing, homeware, etc. |
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PROPERTY & ASSETS
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The Subject
principally operates from premises located at the heading address, consisting
of a shop and an office. |
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NorthWest Shop 71B NorthWest Shopping Centre 7 Fred Taylor Drive Westgate, Auckland Cambridge 16 Empire Street Cambridge Napier 39 Tennyson Street Napier Newmarket 3 Teed Street Newmarket Ponsonby 138-146 Ponsonby Road Ponsonby Takapuna 34 Hurstmere Road Takapuna Wellington 233-237 Lambton Quay Old Bank Building Wellington |
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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 |
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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.65.57 |
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1 |
Rs.101.13 |
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Euro |
1 |
Rs.71.80 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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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 |
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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.