|
|
|
MIRA INFORM REPORT
|
Report No. : |
515924 |
|
Report Date : |
25.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL METAL SOLUTIONS LIMITED |
|
|
|
|
Registered Office : |
203 Ellis Street, Frankton Hamilton 3204 |
|
|
|
|
Country : |
New Zealand |
|
|
|
|
Date of Incorporation : |
06.05.2011 |
|
|
|
|
Com. Reg. No.: |
3380571 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Offers metal recycling, consultancy services, and commodities trading |
|
|
|
|
No. of Employees : |
5 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
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 : |
Unknown |
|
|
|
|
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 (31.12.2017) |
Current Rating (01.04.2018) |
|
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
EXECUTIVE
SUMMARY
REGISTRY
DATA
|
|
|
|
Date registered: |
|
|
Legal form: |
|
|
Registration no: |
|
|
Registry auth.: |
|
|
Tax number: |
|
|
Registry status: |
LEGAL
FILINGS
|
Court
judgements: |
|
|
Tax liens: |
|
|
Other: |
MANAGEMENT
& STAFF
|
|
|
|
|
|
|
Name: |
Wayne Bradcock |
|
Job title: |
Director |
|
|
|
|
|
|
|
No of employees |
BOARD
OF DIRECTORS / OTHER APPOINTMENTS
|
|
|
|
Claudelands Hamilton 3214 New Zealand |
|
|
|
|
|
Name: |
Wayne Bradcock |
|
Board function: |
Director |
|
Address: |
288 Hill Road The Gardens Auckland 2105 New Zealand |
SHARE
CAPITAL
|
|
|
|
Number/type: |
Shareholders/Owners
|
|
|
|
|
|
|
Claudelands Hamilton 3214 New Zealand |
|
|
|
|
|
Name: |
Wayne Bradcock |
|
No. of shares: |
200,000 ordinary
shares |
|
% of shares: |
20% |
|
Address: |
288 Hill Road The Gardens Auckland 2105 New Zealand |
CORPORATE
AFFILIATIONS
BANKING
& FINANCING
FINANCIAL
ACCOUNTS
|
|
|
|
Required to file: |
|
|
Source: |
|
|
|
|
|
The Subject's financial statements were not
available in the course of our investigation. |
OPERATIONS
& HISTORY
PROPERTY
& ASSETS
|
The Subject principally operates from premises located
at the heading address, consisting of administrative offices. |
PAYMENTS
|
|
|
|
Local: |
Credits 14-30
days |
|
Imports: |
|
|
|
|
|
|
|
|
Local: |
Credits 14-30
days |
|
Exports: |
|
|
|
|
|
|
|
|
|
|
|
As trade
references were not supplied, the Subject's payment track record history CANNOT
BE ACCURATELY DETERMINED. |
INVESTIGATIVE
NOTES
|
Interviews provided by the Subject Other official
and local business sources |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.77 |
|
|
1 |
INR 89.96 |
|
Euro |
1 |
INR 78.86 |
|
NZD |
1 |
INR 46.99 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
SDA |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.