MIRA INFORM REPORT

Report No. :	502770
Report Date :	14.04.2018

IDENTIFICATION DETAILS

Name :	W G ROBINSON LIMITED
Registered Office :	Office 3, Level 7, 2 Woodward Street Wellington 6011
Country :	New Zealand
Date of Incorporation :	16.02.1960
Com. Reg. No.:	12488
Legal Form :	Private Limited Liability Company
Line of Business :	The Subject is a horse dealer company in Wellington, New Zealand.
No. of Employees :	Less than 10

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

B

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Status :	Moderate
Payment Behaviour :	Slow but Correct
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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
New Zealand	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

NEW ZEALAND - ECONOMIC OVERVIEW

Over the past 40 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 10 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 and 2008. The higher rate attracted international capital inflows, which strengthened the currency and housing market while aggravating the current account deficit. Rising house prices, especially in Auckland, have become a political issue in recent years, as well as a policy challenge in 2016 and 2017, as the ability to afford housing has declined for many.

Expanding New Zealand’s network of free trade agreements remains a top foreign policy priority. New Zealand was an early promoter of the Trans-Pacific Partnership (TPP) and was the second country to ratify the agreement in May 2017. Following the United States’ withdrawal from the TPP in January 2017, on 10 November 2017 the remaining 11 countries agreed on the core elements of a modified agreement, which they renamed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). In November 2016, New Zealand opened negotiations to upgrade its FTA with China; China is one of New Zealand’s most important trading partners.

Source : CIA

IDENTIFICATION

Verified
Subject name:	W G ROBINSON LIMITED
Address:	Office 3, Level 7, 2 Woodward Street		Postal address:	PO Box 1468
Town:	Wellington		Town:	Wellington
Zip/postal code:	6011
Country:	New Zealand
Telephone:	+64 (4) 4733069
Fax:	+64 (4) 4733070
EXECUTIVE SUMMARY
Date registered:	16-02-1960
Legal form:	Private Limited Liability Company
Main activities:	Horse dealer company.
Employees:	Less than 10
REGISTRY DATA
Key Facts
Date registered:	16-02-1960
Legal form:	Private Limited Liability Company
Registration no:	12488
Registry auth.:	Registrar of Companies
Tax number:	NZBN: 9429040933573
Registry status:	Live/Active
LEGAL FILINGS
Bankruptcy filings:	None
Court judgements:	None
Tax liens:	None
Other:	None
MANAGEMENT & STAFF
Key Managers
Name:	David Graeme Robinson
Job title:	Director
Staff
No of employees	Less than 10
BOARD OF DIRECTORS / OTHER APPOINTMENTS
Appointments
Name:	David Graeme Robinson
Board function:	Director
Date appointed:	21-07-1988
Address:	50 Amapur Dr Khandallah Wellington, 6035 New Zealand
SHARE CAPITAL
Composition
Number/type:	5,000 shares
Shareholders/Owners
How Listed	Full List
Composition
Name:	David Graeme Robinson
No. of shares:	4,000 shares
Address:	50 Amapur Dr Khandallah Wellington, 6035 New Zealand
Name:	Simon James Robinson
No. of shares:	1,000 shares
Address:	68 Simla Cres, Khandallah Wellington 6035 New Zealand
CORPORATE AFFILIATIONS
Comments	None reported.
BANKING & FINANCING
Charges & Mortgages	FINANCING STATEMENT DETAILS Financing Statement Registration No: FRS92929796VHKAM/C0004 Time of Registration: 11-Jun-2002 11:56:11 Date of Renewal: 19-Aug-2016 16:49:17 Time of Change: 19-Aug-2016 16:49:17 Date of Expiry: 19-Aug-2021 16:49:17 Status: Registered DEBTOR Organisation Name: W G ROBINSON LIMITED Organisation Type: Company Incorporation Number: 12488 Contact Address: P O BOX 1468 Suburb: City/Town: WELLINGTON Post Code: Country: New Zealand Person Acting on behalf of: First Name: DAVID Middle Names: Last Name: ROBINSON Contact Address: P O BOX 1468 City/Town: WELLINGTON Post Code: Country: New Zealand COLLATERAL (Current) Collateral Type: All Present And After Acquired Personal Property Collateral History Description: SECURED PARTY Organisation Name: THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED Email Address: adminppsr@hsbc.co.nz Fax: +64(9)368-8734 Contact TelephoneNo: Contact Address: HSBC HOUSE, LEVEL 9, 1 QUEEN STREET Suburb: City/Town: AUCKLAND Post Code: 1010 Country: New Zealand Mailing Address: P O BOX 5947 Suburb: WELLESLEY STREET City/Town: AUCKLAND Post Code: 1141 Country: New Zealand Person Acting on behalf of: First Name: GARY Middle Name: JOHN Last Name: HALF Email Address: garyhalf@hsbc.co.nz Fax: +64(9)368-8734 Contact Telephone No: +64(9)3688628 Contact Address: HSBC HOUSE, LEVEL 9, 1 QUEEN STREET Suburb: City/Town: AUCKLAND Post Code: 1010 Country: New Zealand Mailing Address: P O BOX 5947 Suburb: WELLESLEY STREET City/Town: AUCKLAND Post Code: 1141 Country: New Zealand
FINANCIAL ACCOUNTS
Description
Required to file:	No
Source:	N/A
Comments	The Subject's financial statements were not available in the course of our investigation.
OPERATIONS & HISTORY
Activities
Full description:	The Subject is a horse dealer company in Wellington, New Zealand.
PROPERTY & ASSETS
Premises	The Subject's head office is located at the heading address.
PAYMENTS
Debt Collections / Judgements	No negative information was found.
Payment Experience
Payment behaviour:	As trade references were not supplied, the Subject's payment track record history CANNOT BE ACCURATELY DETERMINED, but payments are believed to be Slow but correct
INVESTIGATIVE NOTES
Sources:		Interviews and material provided by the Subject Other official and local business sources

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.22
UK Pound	1	INR 92.77
Euro	1	INR 80.34
NZD	1	INR 48.00

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	VAR
Report Prepared by :	TRU

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.