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Report No. : |
346011 |
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Report Date : |
24.10.2015 |
IDENTIFICATION DETAILS
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Name : |
TRADESKINS (NZ) LIMITED |
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Registered Office : |
Paul Duggan & Associates Limited
236 Clyde Road, Bryndwr Christchurch 8053 |
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Country : |
New Zealand |
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Date of Incorporation : |
09.03.1992 |
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Com. Reg. No.: |
540185 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject is an animal by-products exporter specialising in New Zealand
skins, hides, pelts and rendered animal products. |
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No. of Employee : |
Not Available |
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: |
200 Cashel Street |
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Town: |
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Zip/postal code: |
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Country: |
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Telephone: |
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Website: |
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Remarks: |
The Subject's registered address is: Paul Duggan & Associates Limited 236 Clyde Road, Bryndwr Christchurch 8053 New Zealand We spoke to Mr. Lyell Gregory Collins
(Director) who declined to disclose any information pertaining subject. |
EXECUTIVE SUMMARY
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Date
established: |
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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
established: |
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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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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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Rangiora 7400 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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Rangiora 7400 New Zealand |
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Name: |
Joy Anne Collins |
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No. of shares: |
50 ordinary
shares |
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% of shares: |
50% |
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Address: |
3 Robinia Mews Rangiora 7400 New Zealand |
CORPORATE AFFILIATIONS
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BANKING & FINANCING
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Time of Registration/ PPSR Registration
Date: 28-May-2002 18:19 Debtor Name: TRADESKINS (NZ) LIMITED Financing Statement Registration No.: FAD962K92ST94HY9/C0002 Date of Prior Registration/Creation:11-Jan-1993 Org Type: Company Incorporation No: 540185 City/Town: CHRISTCHURCH Collateral Type: All Present And After Acquired Personal Property Time of Registration/ PPSR Registration Date: 18-Apr-2013 11:43 Debtor Name: TRADESKINS (NZ) LIMITED Financing Statement Registration No.: F37H37X90FB87J49 Debtor Reference: 85499890 Org Type: Company Incorporation No: 540185 City/Town: RANGIORA Collateral Type: 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. We spoke to Mr. Lyell
Gregory Collins (Director) who declined to disclose any information
pertaining subject. |
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OPERATIONS & HISTORY
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Full description: |
The Subject is an animal by-products
exporter specialising in New Zealand skins, hides, pelts and rendered animal
products. |
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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Local: |
Credits 14-30
days |
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Imports: |
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Local: |
Credits 14-30
days |
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Exports: |
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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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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.64.88 |
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1 |
Rs.99.89 |
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Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
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Analysis Done by
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KIN |
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Report Prepared
by : |
ANK |
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.