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Report No. : |
348610 |
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Report Date : |
14.11.2015 |
IDENTIFICATION DETAILS
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Name : |
PWT LIMITED |
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Registered Office : |
Unit 5, 1 Highbrook Drive, East Tamaki, PO
Box 18409, Glen Innes, Auckland |
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Country : |
New Zealand |
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Date of Incorporation : |
31.08.2007 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
The Subject offers design, supply and installation
services to the international wire galvanising industry. |
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No. of Employees : |
10 (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 – 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: |
East
Tamaki |
Postal
address: |
Glen
Innes |
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Town: |
Town: |
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Zip/postal
code: |
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code: |
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Fax: |
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Website: |
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Remarks: |
The
Subject's registered address is: Craig
& Associates Limited 8
Telford Avenue, Mount Eden Auckland
1041 New
Zealand |
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EXECUTIVE SUMMARY
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Date registered: |
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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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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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MANAGEMENT & STAFF
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No of employees |
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BOARD OF DIRECTORS / OTHER APPOINTMENTS
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Glen
Innes Auckland,
1072 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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Karolina
Spencer Mervyn
Neil Spencer (Joint
shareholding) |
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16
Debron Ave., Remuera Auckland New
Zealand Karolina
Spencer Mervyn
Neil Spencer 75 West
Tamaki Drive Glen
Innes Auckland New
Zealand |
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Name: |
HELISTAR
HOLDINGS LIMITED |
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% of
shares: |
5% |
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Address: |
8
Telford Ave, Balmoral Auckland New
Zealand |
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Name: |
Mervyn
Neil Spencer |
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% of
shares: |
1% |
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Address: |
75 West
Tamaki Drive Glen
Innes Auckland New
Zealand |
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Name: |
Karolina
Spencer |
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% of
shares: |
1% |
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Address: |
75 West
Tamaki Drive Glen
Innes Auckland New
Zealand |
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Name: |
CALLAC
TRUSTEE LIMITED Christopher
Faircloth Emma
Faircloth (Joint
shareholding) |
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% of
shares: |
0.5% |
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Address: |
CALLAC
TRUSTEE LIMITED 8
Telford Ave, Balmoral Auckland
1041 New
Zealand Christopher
Faircloth Emma
Faircloth 23
Deverell Place Northcross Auckland,
0632 New
Zealand |
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CORPORATE AFFILIATIONS
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Auckland 1041 New Zealand |
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Name: |
HELISTAR HOLDINGS
LIMITED |
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Affiliation type: |
Shareholder |
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Address: |
8 Telford Ave, Balmoral Auckland New Zealand |
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BANKING & FINANCING
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Time of Registration/ PPSR Registration Date: 28-Feb-2008 06:31 Debtor Name: PWT LIMITED
Financing Statement Registration
No.: F2092TP672TB9809/C0007 Org Type: Company Incorporation No:
1974284 City/Town: GLEN INNES
AUCKLAND Collateral Type: All
Present And After Acquired Personal Property Time of Registration/
PPSR Registration Date: 05-Nov-2009 11:37 Debtor Name: PWT LIMITED
Financing Statement
Registration No.: FE694229RX1SB292/C0003 Org Type: Company Incorporation No:
1974284 City/Town: AUCKLAND Collateral Type: Goods -
Other Time of Registration/
PPSR Registration Date: 09-Aug-2011 14:36 Debtor Name: PWT LIMITED
Financing Statement
Registration No.: FP0W79M5407RC251 Org Type: Company Incorporation No:
1974284 City/Town: AUCKLAND Collateral Type: Goods -
Other Time of Registration/
PPSR Registration Date: 18-Feb-2013 15:31 Debtor Name: PWT LIMITED
Financing Statement
Registration No.: FY2E5J0C3X527442 Org Type: Company Incorporation No:
1974284 City/Town: AUCKLAND Collateral Type: Goods -
Other Time of Registration/
PPSR Registration Date: 27-Mar-2013 13:41 Debtor Name: PWT LIMITED
Financing Statement
Registration No.: FJ1946V92H16P58Z Org Type: Company Incorporation No:
1974284 City/Town: AUCKLAND Collateral Type: Goods -
Other Time of Registration/
PPSR Registration Date: 18-Sep-2013 16:42 Debtor Name: PWT LIMITED
Financing Statement
Registration No.: FG1GK214M99U2377/C0001 Org Type: Company Incorporation No:
1974284 City/Town: AUCKLAND Collateral Type: Goods -
Motor Vehicles |
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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 offers design, supply and installation services to the international
wire galvanising industry. |
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Products/services: |
The Gas Gravel Wiping
System The Gas Atmosphere
Process The Pad Wiping System Quantum Lcm |
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PROPERTY & ASSETS
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The Subject principally operates from premises located at the
heading address, consisting of administrative offices. |
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PAYMENTS
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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.66.14 |
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UK Pound |
1 |
Rs.100.55 |
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Euro |
1 |
Rs.71.26 |
INFORMATION DETAILS
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Analysis Done by
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HEE |
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Report Prepared
by : |
TRU |
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.