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MIRA INFORM REPORT
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Report No. : |
490000 |
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Report Date : |
09.02.2018 |
IDENTIFICATION DETAILS
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Name : |
NEW ZEALAND FOREST MANAGERS LIMITED |
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Registered Office : |
165 Atirau Rd, Turangi Taupo, Waikato 3334 |
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Country : |
New Zealand |
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Date of Incorporation : |
04.06.1993 |
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Com. Reg. No.: |
585273 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
The subject is engaged in providing North Island forest owners with
comprehensive forestry management services such as forest development &
planning to harvesting & marketing. The company also offers carbon
forestry services. |
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No. of Employees : |
25 (Estimated) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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.
The economy fell into recession before the start of the global financial
crisis and contracted for five consecutive quarters in 2008 and 2009. 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 3% growth from 2011 to 2017. Nevertheless, key
trade sectors remain vulnerable to weak external demand and lower commodity
prices. In the aftermath of the 2010 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. Expanding New Zealand’s network of free trade agreements
remains a top foreign policy priority.
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Source
: CIA |
IDENTIFICATION
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Subject name: |
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Address: |
Turangi |
Postal address: |
Turangi |
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Town: |
Town: |
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State/province: |
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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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Email: |
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Website: |
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Remarks: |
The Subject's registered address is: 14 Ruapehu Street 3330 Taupo, Waikato 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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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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Name: |
Ian Claxton Shapland |
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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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Taupo, 3330 New Zealand |
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Name: |
Ian Claxton Shapland |
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Board function: |
Director |
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Date appointed: |
01-03-1998 |
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Address: |
21 Pukenamu Road Rainbow Point Taupo, 3330 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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P. Shapland Clayton Trevor
Arthur Stent (Joint
shareholding) |
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Ian Claxton Shapland & P Shapland 21 Pukenamu Road Rainbow Point Taupo 3330 New Zealand Clayton Trevor Arthur Stent 54 Mapara Road Taupo 3377 New Zealand |
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Name: |
Charles Drummond Hutton Clayton Trevor Arthur Stent Karyn Janette Hutton (Joint shareholding) |
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No. of shares: |
498 shares |
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% of shares: |
49.80% |
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Address: |
Charles Drummond Hutton & Karyn
Janette Hutton 91 Shepherd Road Taupo 3330 New Zealand Clayton Trevor Arthur Stent 54 Mapara Road Taupo 3377 New Zealand |
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Name: |
Charles Drummond Hutton |
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No. of shares: |
2 shares |
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% of shares: |
0.20% |
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Address: |
91 Shepherd Road Taupo, 3330 New Zealand |
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Name: |
Ian Claxton Shapland |
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No. of shares: |
2 shares |
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% of shares: |
0.20% |
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Address: |
21 Pukenamu Road Rainbow Point Taupo, 3330 New Zealand |
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CORPORATE AFFILIATIONS
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Taupo New Zealand |
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BANKING & FINANCING
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Bankers
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Time of Registration/PPSR Registration
Date 13-Feb-2003 16:07 Debtor Name NEW ZEALAND FOREST MANAGERS LTD Financing Statement Registration No. F24995FN0H2G1F49/C0005 Org Type: Company Incorporation No: 585273 City/Town: TURANGI Collateral Type: Goods - Other ________________________________________ Time of Registration/PPSR Registration Date 15-Mar-2007 11:12 Debtor Name NEW ZEALAND FOREST MANAGERS LIMITED Financing Statement Registration No. F30C93E80AB0J835/C0003 Org Type: Company Incorporation No: 585273 City/Town: TAUPO Collateral Type: Goods - Other ________________________________________ Time of Registration/PPSR Registration Date 10-Jun-2008 12:41 Debtor Name NEW ZEALAND FOREST MANAGERS LIMITED Financing Statement Registration No. FH3H879Z580DP420/C0003 Org Type: Company Incorporation No: 585273 City/Town: TURANGI Collateral Type: Goods - Other ________________________________________ Time of Registration/PPSR Registration Date 23-Jan-2012 10:30 Debtor Name NEW ZEALAND FOREST MANAGERS LIMITED Financing Statement Registration No. F30CC314EM931C25/C0002 Org Type: Company Incorporation No: 585273 City/Town: TURANGI Collateral Type: All Present And
After Acquired Personal Property; Goods - Other ________________________________________ Time of Registration/PPSR Registration Date 13-Dec-2013 12:24 Debtor Name NEW ZEALAND FOREST MANAGERS LIMITED Financing Statement Registration No. F65S9R139P92P05S/C0002 Org Type: Company Incorporation No: 585273 City/Town: TURANGI Collateral Type: Goods - Other ________________________________________ Time of Registration/PPSR Registration Date 08-Sep-2016 11:16 Debtor Name NEW ZEALAND FOREST MANAGERS LIMITED Financing Statement Registration No. F87D5B1799TG0V76 Org Type: Company Incorporation No: 585273 City/Town: TURANGI Collateral Type: Goods - Other ________________________________________ Time of Registration/PPSR Registration Date 18-Apr-2017 14:12 Debtor Name NEW ZEALAND FOREST MANAGERS LIMITED Financing Statement Registration No. FP2FX92FM2860468 Org Type: Company Incorporation No: 585273 City/Town: TURANGI 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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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 providing North Island
forest owners with comprehensive forestry management services such as forest
development & planning to harvesting & marketing. The company also
offers carbon forestry services. |
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Local: |
The Ministry of
Agriculture and Forestry The Lake Taupo
Forest Trust The Lake
Rotoaira Forest Trust Global Forest
Partners The Department
of Corrections The Te Awahohonu
Forest Trust Taupo District
Council Tenon Ltd |
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Export: |
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PROPERTY & ASSETS
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The Subject's
head office is located at the heading address. |
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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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As trade references were not supplied, the
Subject's payment track record history CANNOT BE ACCURATELY DETERMINED, but
payments report to be unknown |
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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 |
INR 64.16 |
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1 |
INR 89.19 |
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Euro |
1 |
INR 78.75 |
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NZD |
1 |
INR 46.41 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VAR |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.