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Report No. : |
347855 |
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Report Date : |
06.11.2015 |
IDENTIFICATION DETAILS
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Name : |
DAVIS TRADING COMPANY LIMITED |
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Formerly Known As : |
EDIBLE OILS LIMITED |
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Registered Office : |
91 Carbine Road, Mt Wellingon, Auckland 1060, PO Box 132159, Auckland 1644 |
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Country : |
New Zealand |
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Date of Incorporation : |
30.06.1967 |
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Com. Reg. No.: |
20032 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
The Subject is engaged as an importer and distributor of food
ingredients like jelly products, caramels, syrups, chocolate, cocoa and dairy
products. |
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No. of Employees : |
175 - 200 (Depending on the demand) |
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: |
Mt Wellingon |
Postal address: |
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Town: |
Town: |
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Zip/postal code: |
Zip/postal code: |
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Country: |
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Telephone: |
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Fax: |
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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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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: |
The Subject initially operated under the name of
EDIBLE OILS LIMITED and changed to the present style on 05-08-1971. |
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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: |
Ian Warren McSweeney |
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Job title: |
Director |
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Name: |
Michael Thomas McGuinness |
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Job title: |
Director |
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Name: |
Philip John Marshall |
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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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Epsom Auckland 1023 New Zealand |
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Name: |
Ian Warren McSweeney |
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Board function: |
Director |
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Address: |
62 Te Awe Awe Street Palmerston North 4410 New Zealand |
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Name: |
Michael Thomas McGuinness |
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Board function: |
Director |
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Address: |
21 Benbow Street St Heliers Auckland 1071 New Zealand |
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Name: |
Philip John Marshall |
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Board function: |
Director |
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Address: |
3/108 Kauri Point Road Rd3 Katikati 3170 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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St Heliers Auckland 1071 New Zealand |
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Name: |
Daniel John Coates |
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No. of shares: |
161,668 ordinary shares |
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% of shares: |
21.25% |
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Address: |
21 Orakau Avenue Epsom Auckland 1023 New Zealand |
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Name: |
Maree Marshall |
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No. of shares: |
52,093 ordinary shares |
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% of shares: |
6.85% |
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Address: |
3/108 Kauri Point Road Rd3 Katikati 3170 New Zealand |
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Name: |
Philip John Marshall |
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No. of shares: |
52,094 ordinary shares |
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% of shares: |
6.85% |
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Address: |
3/108 Kauri Point Road Rd3 Katikati 3170 New Zealand |
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Name: |
Ian Warren Mcsweeney |
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No. of shares: |
28,592 ordinary shares |
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% of shares: |
3.76% |
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Address: |
62 Te Awe Awe Street Palmerston North 4410 New Zealand |
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Name: |
Robert Wallace Edgar Hammond |
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No. of shares: |
3,804 ordinary shares |
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% of shares: |
0.5% |
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Address: |
64 Karekare Road, Rd 2 New Lynn 0772 New Zealand |
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Name: |
Susan Perry |
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No. of shares: |
3,804 ordinary shares |
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% of shares: |
0.5% |
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Address: |
183 Riddell Road Glendowie Auckland 1071 New Zealand |
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Name: |
Lucy Elizabeth Johns |
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No. of shares: |
3,804 ordinary shares |
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% of shares: |
0.5% |
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Address: |
28 Treeway Sunnyhills Auckland 2010 New Zealand |
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Name: |
Kerianne Marie Ogden |
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No. of shares: |
3,804 ordinary shares |
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% of shares: |
0.5% |
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Address: |
23 Westholm Way Pahurehure Papakura 2113 New Zealand |
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Name: |
Alan Peter Rodgers |
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No. of shares: |
3,804 ordinary shares |
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% of shares: |
0.5% |
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Address: |
78 Ngahue Drive Stonefields Auckland 1072 New Zealand |
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Name: |
Emma Mary Jayne |
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No. of shares: |
3,804 ordinary shares |
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% of shares: |
0.5% |
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Address: |
48d Tarawera Terrace St Heliers Auckland 1071 New Zealand |
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CORPORATE AFFILIATIONS
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Michael Thomas McGuinness Kerry Alexander McGown Ian Warren McSweeney |
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Name: |
THE THREE MAC COMPANY LIMITED |
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Affiliation
type: |
Associate |
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Address: |
New Zealand |
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BANKING & FINANCING
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Bankers
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Time of Registration/ PPSR Registration Date: 30-Jul-2002 14:26 Debtor Name: DAVIS TRADING COMPANY LTD Financing Statement Registration No.: F23CXTC472P84P3R/C0003 Debtor Reference: Date of Prior Registration/Creation:30-Apr-2002 Org Type: Company Incorporation No: 20032 City/Town: AUCKLAND Collateral Type: All Present And After Acquired Personal Property;
Goods - Other No.: 2 Time of Registration/ PPSR Registration Date: 05-Oct-2002 06:34 Debtor Name: DAVIS TRADING COMPANY LTD Financing Statement Registration No.: F21896FD220R2B06/C0053 Debtor Reference: 0004381020 Date of Prior Registration/Creation: 30-Jul-1976
Org Type: Company Incorporation No: 20032 City/Town: AUCKLAND Collateral Type: All Present And
After Acquired Personal Property No.: 3 Time of Registration/ PPSR Registration Date: 30-Oct-2002 19:34 Debtor Name: DAVIS TRADING COMPANY LTD Financing Statement Registration No.: FD489BF0ZH527837/C0005 Debtor Reference: 5002678 Org Type: Company Incorporation No: 20032 City/Town: AUCKLAND Collateral Type: All Present And After Acquired Personal Property;
Goods - Other No.: 4 Time of Registration/ PPSR Registration Date: 19-Dec-2002 08:28 Debtor Name: DAVIS TRADING COMPANY LTD Financing Statement Registration No.: F3693PE07XV932A8/C0007 Debtor Reference: NZMP NZ LTD Org Type: Company Incorporation No: 20032 City/Town: WELLINGTON Collateral Type: All Present And
After Acquired Personal Property; Goods - Other No.: 5 Time of Registration/ PPSR Registration Date: 16-Sep-2004 12:21 Debtor Name: DAVIS TRADING COMPANY LTD Financing Statement Registration No.: FT7324PD1XV63820/C0003 Debtor Reference: DAVIS TRADING LIMITED Org Type: Company Incorporation No: 20032 City/Town: WELLINGTON Collateral Type: All Present And
After Acquired Personal Property; Goods - Other No.: 6 Time of Registration/ PPSR Registration Date: 18-Aug-2006 11:07 Debtor Name: DAVIS TRADING COMPANY LTD Financing Statement Registration No.: FK1J7827A1G97J31/C0001 Debtor Reference: A110238 Org Type: Company Incorporation No: 20032 City/Town: AUCKLAND Collateral Type: Goods - Other No.: 7 Time of Registration/ PPSR Registration Date: 10-Oct-2007 10:47 Debtor Name: DAVIS TRADING COMPANY LTD Financing Statement Registration No.: F31P554N50MR0S25/C0001 Debtor Reference: Org Type: Company Incorporation No: 20032 City/Town: AUCKLAND Collateral Type: All Present And
After Acquired Personal Property; Goods - Other No.: 8 Time of Registration/ PPSR Registration Date: 02-Jul-2008 15:51 Debtor Name: DAVIS TRADING COMPANY LTD Financing Statement Registration No.: FA1Y699D45169DA1/C0002 Debtor Reference: Org Type: Company Incorporation No: 20032 City/Town: PALMERSTON NORTH Collateral Type: Goods - Other No.: 9 Time of Registration/ PPSR Registration Date: 04-Oct-2008 11:41 Debtor Name: DAVIS TRADING COMPANY LTD Financing Statement Registration No.: FN0HM70YR9483312/C0003 Debtor Reference: Org Type: Company Incorporation No: 20032 City/Town: PALMERSTON NORTH Collateral Type: Goods - Other No.: 10 Time of Registration/ PPSR Registration Date: 16-Oct-2008 09:43 Debtor Name: DAVIS TRADING COMPANY LTD Financing Statement Registration No.: FY5HD1F59596P185/C0001 Debtor Reference: 144690 Org Type: Company Incorporation No: 20032 City/Town: AUCKLAND Collateral Type: Goods - Other No.: 11 Time of Registration/ PPSR Registration Date: 23-Dec-2008 08:21 Debtor Name: DAVIS TRADING COMPANY LTD Financing Statement Registration No.: FP3D9U7239861MA1/C0017 Debtor Reference: Davis Trading Co - 226097 Org Type: Company Incorporation No: 20032 City/Town: PALMERSTON NORTH Collateral Type: Goods - Other No.: 12 Time of Registration/ PPSR Registration Date: 19-Feb-2009 14:53 Debtor Name: DAVIS TRADING COMPANY LTD Financing Statement Registration No.: F72A99P21V378B1P/C0001 Debtor Reference: Accounts Payable Administration Org Type: Company Incorporation No:20032 City/Town: AUCKLAND Collateral Type: Goods - Other No.: 13 Time of Registration/ PPSR Registration Date: 27-Mar-2009 15:29 Debtor Name: DAVIS TRADING COMPANY LTD Financing Statement Registration No.: FN03DB1P925F4568/C0001 Debtor Reference: Accounts Payable Administration Org Type: Company Incorporation No:20032 City/Town: AUCKLAND Collateral Type: Goods - Other No.: 14 Time of Registration/ PPSR Registration Date: 09-Sep-2009 10:52 Debtor Name: DAVIS TRADING COMPANY LTD Financing Statement Registration No.: FJ1RP4309D956B95/C0002 Debtor Reference: 33218 Org Type: Company Incorporation No: 20032 City/Town: AUCKLAND Collateral Type: Goods - Other No.: 15 Time of Registration/ PPSR Registration Date: 20-Oct-2009 06:25 Debtor Name: DAVIS TRADING COMPANY LTD Financing Statement Registration No.: F90DK815577GE331/C0005 Debtor Reference: 1569 FOWLERS Org Type: Company Incorporation No:20032 City/Town: AUCKLAND Collateral Type: Goods - Motor Vehicles; Goods - Other No.: 16 Time of Registration/ PPSR Registration Date: 08-Mar-2010 13:17 Debtor Name: DAVIS TRADING COMPANY LTD Financing Statement Registration No.: FP0FD17J99636H92/C0002 Debtor Reference: 87938 DAVIS TRADING CO LTD. Org Type: Company Incorporation No: 20032 City/Town: AUCKLAND Collateral Type: Goods - Other No.: 17 Time of Registration/ PPSR Registration Date: 23-Sep-2010 12:32 Debtor Name: DAVIS TRADING COMPANY LTD Financing Statement Registration No.: FF6J28P1328DN077/C0004 Debtor Reference: 10017916 Org Type: Company Incorporation No: 20032 City/Town: AUCKLAND Collateral Type: Goods - Other No.: 18 Time of Registration/ PPSR Registration Date: 21-Dec-2010 23:19 Debtor Name: DAVIS TRADING COMPANY LTD Financing Statement Registration No.: F9794B5H1XR0729M Debtor Reference: 6055076,RPC2073130,Rental & Service Agreemt Org Type: Company Incorporation No: 20032 City/Town: CHRISTCHURCH Collateral Type: Goods - Other No.: 19 Time of Registration/ PPSR Registration Date: 13-Jan-2011 12:57 Debtor Name: DAVIS TRADING COMPANY LTD Financing Statement Registration No.: F98RG1R49R269395/C0002 Debtor Reference: DAVAKL Org Type: Company Incorporation No: 20032 City/Town: AUCKLAND Collateral Type: Goods - Other No.: 20 Time of Registration/ PPSR Registration Date: 11-Aug-2011 13:48 Debtor Name: DAVIS TRADING COMPANY LTD Financing Statement Registration No.: FN524693M2J0KB41 Debtor Reference: 4000213786 Org Type: Company Incorporation No: 20032 City/Town: AUCKLAND Collateral Type: Goods - Other |
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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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Summarised
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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 as an importer and
distributor of food ingredients like jelly products, caramels, syrups,
chocolate, cocoa and dairy products. |
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Import: |
Thailand, China, Korea, Japan, Malaysia,
Indonesia, USA, Australia, Tunisia, Fiji, Italy, Netherlands, 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 warehouse and administrative offices. |
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Palmerston North 4410 New Zealand 20 Te Puni Street Petone Lower Hutt 5012 New Zealand 914 Halswell Junction Rd Waterloo Business Park Christchurch New Zealand The subject reportedly also operates buying
offices in Beijing and Jakarta. |
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PAYMENTS
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Local: |
Credits 14-30 days |
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Imports: |
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Local: |
Credits 14-30 days |
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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.65.68 |
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1 |
Rs.101.02 |
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Euro |
1 |
Rs.71.35 |
INFORMATION DETAILS
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Analysis Done by
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HEE |
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Report Prepared by
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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.